Goldgroup Mining Inc. (GORO) — Stock Correlations & Overview
Over the past year, GORO has moved most closely with ZYBT, ASA, MUX. Explore the stocks most correlated and inversely correlated with GORO below, along with its price, financials, and company profile.
Stocks correlated with GORO
Correlation of daily returns. Higher positive values move with GORO; negative values move opposite it. Informational only, not investment advice.
Most correlated with GORO
| Symbol | Company | Correlation |
|---|---|---|
| ZYBT | Zhengye Biotechnology Holding Limited Class A Ordinary Shares | 0.63 |
| ASA | ASA GOLD AND PRECIOUS METALS LIMITED | 0.36 |
| MUX | McEwen Inc.GOLD AND SILVER ORES | 0.35 |
| PAAS | Pan American Silver Corp. | 0.35 |
| WRN | Western Copper and Gold Corporation | 0.34 |
Most inversely correlated with GORO
| Symbol | Company | Correlation |
|---|---|---|
| GVH | Globavend Holdings Limited Ordinary Shares | -0.43 |
| LBGJ | Li Bang International Corporation Inc. Class A Ordinary Shares | -0.43 |
| JDST | Direxion Daily Junior Gold Miners Index Bear 2X ETF | -0.32 |
| GDXD | MicroSectors Gold Miners -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.32 |
| DUST | Direxion Daily Gold Miners Index Bear 2X ETF | -0.32 |
Frequently asked questions about GORO correlations
- Which stocks are most correlated with GORO?
- Based on one year of daily returns, the stocks most correlated with Goldgroup Mining Inc. (GORO) are ZYBT (0.63), ASA (0.36) and MUX (0.35). 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 GORO?
- Over the past year, the stocks most inversely correlated with Goldgroup Mining Inc. (GORO) are GVH (-0.43), LBGJ (-0.43) and JDST (-0.32). 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 GORO correlations calculated?
- We compute the correlation of daily returns between GORO 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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