IAMGold Corporation (IAG) — Stock Correlations & Overview
Over the past year, IAG has moved most closely with GBUG, AUMI, GDX. Explore the stocks most correlated and inversely correlated with IAG below, along with its price, financials, and company profile.
Stocks correlated with IAG
Correlation of daily returns. Higher positive values move with IAG; negative values move opposite it. Informational only, not investment advice.
Most correlated with IAG
| Symbol | Company | Correlation |
|---|---|---|
| GBUG | Sprott Active Gold & Silver Miners ETF | 0.94 |
| AUMI | Themes Gold Miners ETF | 0.93 |
| GDX | VanEck Gold Miners ETF | 0.93 |
| RING | iShares MSCI Global Gold Miners ETF | 0.93 |
| NUGT | Direxion Daily Gold Miners Index Bull 2X ETF | 0.93 |
Most inversely correlated with IAG
| Symbol | Company | Correlation |
|---|---|---|
| GDXD | MicroSectors Gold Miners -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.93 |
| DUST | Direxion Daily Gold Miners Index Bear 2X ETF | -0.93 |
| JDST | Direxion Daily Junior Gold Miners Index Bear 2X ETF | -0.93 |
| GLL | ProShares UltraShort GoldCOMMODITY CONTRACTS BROKERS & DEALERS | -0.79 |
| DULL | MicroSectors Gold -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.79 |
Frequently asked questions about IAG correlations
- Which stocks are most correlated with IAG?
- Based on one year of daily returns, the stocks most correlated with IAMGold Corporation (IAG) are GBUG (0.94), AUMI (0.93) and GDX (0.93). 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 IAG?
- Over the past year, the stocks most inversely correlated with IAMGold Corporation (IAG) are GDXD (-0.93), DUST (-0.93) and JDST (-0.93). 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 IAG correlations calculated?
- We compute the correlation of daily returns between IAG 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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