GAMCO Natural Resources, Gold & Income Trust (GNT) — Stock Correlations & Overview
Over the past year, GNT has moved most closely with LENS, AUMI, RING. Explore the stocks most correlated and inversely correlated with GNT below, along with its price, financials, and company profile.
Stocks correlated with GNT
Correlation of daily returns. Higher positive values move with GNT; negative values move opposite it. Informational only, not investment advice.
Most correlated with GNT
| Symbol | Company | Correlation |
|---|---|---|
| LENS | Sarmaya Thematic ETF | 0.70 |
| AUMI | Themes Gold Miners ETF | 0.69 |
| RING | iShares MSCI Global Gold Miners ETF | 0.69 |
| GDMN | WisdomTree Efficient Gold Plus Gold Miners Strategy Fund | 0.69 |
| GDXU | MicroSectors Gold Miners 3x Leveraged ETNCOMMERCIAL BANKS, NEC | 0.69 |
Most inversely correlated with GNT
| Symbol | Company | Correlation |
|---|---|---|
| DUST | Direxion Daily Gold Miners Index Bear 2X ETF | -0.67 |
| GDXD | MicroSectors Gold Miners -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.66 |
| JDST | Direxion Daily Junior Gold Miners Index Bear 2X ETF | -0.66 |
| GLL | ProShares UltraShort GoldCOMMODITY CONTRACTS BROKERS & DEALERS | -0.61 |
| DULL | MicroSectors Gold -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.61 |
Frequently asked questions about GNT correlations
- Which stocks are most correlated with GNT?
- Based on one year of daily returns, the stocks most correlated with GAMCO Natural Resources, Gold & Income Trust (GNT) are LENS (0.70), AUMI (0.69) and RING (0.69). 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 GNT?
- Over the past year, the stocks most inversely correlated with GAMCO Natural Resources, Gold & Income Trust (GNT) are DUST (-0.67), GDXD (-0.66) and JDST (-0.66). 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 GNT correlations calculated?
- We compute the correlation of daily returns between GNT 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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