Gold Fields Ltd ADR (GFI) — Stock Correlations & Overview
Over the past year, GFI has moved most closely with RING, NUGT, GDX. Explore the stocks most correlated and inversely correlated with GFI below, along with its price, financials, and company profile.
Stocks correlated with GFI
Correlation of daily returns. Higher positive values move with GFI; negative values move opposite it. Informational only, not investment advice.
Most correlated with GFI
| Symbol | Company | Correlation |
|---|---|---|
| RING | iShares MSCI Global Gold Miners ETF | 0.92 |
| NUGT | Direxion Daily Gold Miners Index Bull 2X ETF | 0.92 |
| GDX | VanEck Gold Miners ETF | 0.92 |
| AU | AngloGold Ashanti plc | 0.91 |
| GDXU | MicroSectors Gold Miners 3x Leveraged ETNCOMMERCIAL BANKS, NEC | 0.91 |
Most inversely correlated with GFI
| Symbol | Company | Correlation |
|---|---|---|
| DUST | Direxion Daily Gold Miners Index Bear 2X ETF | -0.91 |
| GDXD | MicroSectors Gold Miners -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.90 |
| JDST | Direxion Daily Junior Gold Miners Index Bear 2X ETF | -0.88 |
| GLL | ProShares UltraShort GoldCOMMODITY CONTRACTS BROKERS & DEALERS | -0.78 |
| DULL | MicroSectors Gold -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.78 |
Frequently asked questions about GFI correlations
- Which stocks are most correlated with GFI?
- Based on one year of daily returns, the stocks most correlated with Gold Fields Ltd ADR (GFI) are RING (0.92), NUGT (0.92) and GDX (0.92). 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 GFI?
- Over the past year, the stocks most inversely correlated with Gold Fields Ltd ADR (GFI) are DUST (-0.91), GDXD (-0.90) and JDST (-0.88). 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 GFI correlations calculated?
- We compute the correlation of daily returns between GFI 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.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.