Sarmaya Thematic ETF (LENS) — Stock Correlations & Overview
Over the past year, LENS has moved most closely with AGMI, SLVP, SILJ. Explore the stocks most correlated and inversely correlated with LENS below, along with its price, financials, and company profile.
Stocks correlated with LENS
Correlation of daily returns. Higher positive values move with LENS; negative values move opposite it. Informational only, not investment advice.
Most correlated with LENS
| Symbol | Company | Correlation |
|---|---|---|
| AGMI | Themes Silver Miners ETF | 0.92 |
| SLVP | iShares MSCI Global Silver and Metals Miners ETF | 0.92 |
| SILJ | Amplify Junior Silver Miners ETF | 0.92 |
| SIL | Global X Silver Miners ETF (NEW) | 0.92 |
| SLVR | Sprott Silver Miners & Physical Silver ETFBLANK CHECKS | 0.92 |
Most inversely correlated with LENS
| Symbol | Company | Correlation |
|---|---|---|
| DUST | Direxion Daily Gold Miners Index Bear 2X ETF | -0.89 |
| JDST | Direxion Daily Junior Gold Miners Index Bear 2X ETF | -0.89 |
| GDXD | MicroSectors Gold Miners -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.88 |
| ZSL | ProShares UltraShort SilverCOMMODITY CONTRACTS BROKERS & DEALERS | -0.86 |
| GLL | ProShares UltraShort GoldCOMMODITY CONTRACTS BROKERS & DEALERS | -0.85 |
Frequently asked questions about LENS correlations
- Which stocks are most correlated with LENS?
- Based on one year of daily returns, the stocks most correlated with Sarmaya Thematic ETF (LENS) are AGMI (0.92), SLVP (0.92) and SILJ (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 LENS?
- Over the past year, the stocks most inversely correlated with Sarmaya Thematic ETF (LENS) are DUST (-0.89), JDST (-0.89) and GDXD (-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 LENS correlations calculated?
- We compute the correlation of daily returns between LENS 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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