Sprott Focus Trust, Inc. (FUND) — Stock Correlations & Overview
Over the past year, FUND has moved most closely with FXZ, ENDW, MXI. Explore the stocks most correlated and inversely correlated with FUND below, along with its price, financials, and company profile.
Stocks correlated with FUND
Correlation of daily returns. Higher positive values move with FUND; negative values move opposite it. Informational only, not investment advice.
Most correlated with FUND
| Symbol | Company | Correlation |
|---|---|---|
| FXZ | First Trust Materials AlphaDEX Fund | 0.65 |
| ENDW | Cambria Endowment Style ETF | 0.64 |
| MXI | iShares Global Materials ETF | 0.64 |
| PYZ | Invesco Exchange-Traded Fund Trust Invesco Dorsey Wright Basic Materials Momentum ETF | 0.63 |
| MGNR | American Beacon GLG Natural Resources ETF | 0.63 |
Frequently asked questions about FUND correlations
- Which stocks are most correlated with FUND?
- Based on one year of daily returns, the stocks most correlated with Sprott Focus Trust, Inc. (FUND) are FXZ (0.65), ENDW (0.64) and MXI (0.64). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with FUND?
- Over the past year, the stocks most inversely correlated with Sprott Focus Trust, Inc. (FUND) are SMN (-0.57), TWM (-0.56) and RWM (-0.56). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these FUND correlations calculated?
- We compute the correlation of daily returns between FUND and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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