Ivanhoe Electric Inc. (IE) — Stock Correlations & Overview
Over the past year, IE has moved most closely with METL, XME, SETM. Explore the stocks most correlated and inversely correlated with IE below, along with its price, financials, and company profile.
Stocks correlated with IE
Correlation of daily returns. Higher positive values move with IE; negative values move opposite it. Informational only, not investment advice.
Most correlated with IE
| Symbol | Company | Correlation |
|---|---|---|
| METL | Sprott Active Metals & Miners ETF | 0.78 |
| XME | State Street SPDR S&P Metals & Mining ETF | 0.77 |
| SETM | Sprott Funds Trust Sprott Critical Materials ETF | 0.77 |
| COPJ | Sprott Junior Copper Miners ETF | 0.76 |
| COPA | Themes Copper Miners ETF | 0.75 |
Most inversely correlated with IE
| Symbol | Company | Correlation |
|---|---|---|
| JDST | Direxion Daily Junior Gold Miners Index Bear 2X ETF | -0.65 |
| DUST | Direxion Daily Gold Miners Index Bear 2X ETF | -0.63 |
| GDXD | MicroSectors Gold Miners -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.62 |
| ZSL | ProShares UltraShort SilverCOMMODITY CONTRACTS BROKERS & DEALERS | -0.59 |
| TWM | ProShares UltraShort Russell2000 | -0.58 |
Frequently asked questions about IE correlations
- Which stocks are most correlated with IE?
- Based on one year of daily returns, the stocks most correlated with Ivanhoe Electric Inc. (IE) are METL (0.78), XME (0.77) and SETM (0.77). 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 IE?
- Over the past year, the stocks most inversely correlated with Ivanhoe Electric Inc. (IE) are JDST (-0.65), DUST (-0.63) and GDXD (-0.62). 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 IE correlations calculated?
- We compute the correlation of daily returns between IE 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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