Largo Inc. Common Shares (LGO) — Stock Correlations & Overview
Over the past year, LGO has moved most closely with SETM, XME, REMX. Explore the stocks most correlated and inversely correlated with LGO below, along with its price, financials, and company profile.
Stocks correlated with LGO
Correlation of daily returns. Higher positive values move with LGO; negative values move opposite it. Informational only, not investment advice.
Most correlated with LGO
| Symbol | Company | Correlation |
|---|---|---|
| SETM | Sprott Funds Trust Sprott Critical Materials ETF | 0.52 |
| XME | State Street SPDR S&P Metals & Mining ETF | 0.52 |
| REMX | VanEck Rare Earth and Strategic Metals ETF | 0.51 |
| CRMLW | Critical Metals Corp. Warrants | 0.51 |
| ABAT | American Battery Technology Company Common StockMINING & QUARRYING OF NONMETALLIC MINERALS (NO FUELS) | 0.49 |
Most inversely correlated with LGO
| Symbol | Company | Correlation |
|---|---|---|
| JDST | Direxion Daily Junior Gold Miners Index Bear 2X ETF | -0.37 |
| DUST | Direxion Daily Gold Miners Index Bear 2X ETF | -0.37 |
| GDXD | MicroSectors Gold Miners -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.36 |
| SMN | ProShares UltraShort Materials | -0.36 |
| TZA | Direxion Daily Small Cap Bear 3x ETF | -0.36 |
Frequently asked questions about LGO correlations
- Which stocks are most correlated with LGO?
- Based on one year of daily returns, the stocks most correlated with Largo Inc. Common Shares (LGO) are SETM (0.52), XME (0.52) and REMX (0.51). 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 LGO?
- Over the past year, the stocks most inversely correlated with Largo Inc. Common Shares (LGO) are JDST (-0.37), DUST (-0.37) and GDXD (-0.36). 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 LGO correlations calculated?
- We compute the correlation of daily returns between LGO 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.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.