Comstock Inc. (LODE) — Stock Correlations & Overview
Over the past year, LODE has moved most closely with NLR, PBW, IWC. Explore the stocks most correlated and inversely correlated with LODE below, along with its price, financials, and company profile.
Stocks correlated with LODE
Correlation of daily returns. Higher positive values move with LODE; negative values move opposite it. Informational only, not investment advice.
Most correlated with LODE
| Symbol | Company | Correlation |
|---|---|---|
| NLR | VanEck Uranium and Nuclear ETF | 0.50 |
| PBW | Invesco WilderHill Clean Energy ETF | 0.50 |
| IWC | iShares Micro-Cap ETF | 0.49 |
| URAA | Direxion Daily Uranium Industry Bull 2X ETF | 0.47 |
| KOMP | State Street SPDR S&P Kensho New Economies Composite ETF | 0.47 |
Most inversely correlated with LODE
| Symbol | Company | Correlation |
|---|---|---|
| SRTY | ProShares UltraPro Short Russell2000 | -0.42 |
| TWM | ProShares UltraShort Russell2000 | -0.42 |
| TZA | Direxion Daily Small Cap Bear 3x ETF | -0.42 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.42 |
| RWM | ProShares Short Russell2000 | -0.42 |
Frequently asked questions about LODE correlations
- Which stocks are most correlated with LODE?
- Based on one year of daily returns, the stocks most correlated with Comstock Inc. (LODE) are NLR (0.50), PBW (0.50) and IWC (0.49). 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 LODE?
- Over the past year, the stocks most inversely correlated with Comstock Inc. (LODE) are SRTY (-0.42), TWM (-0.42) and TZA (-0.42). 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 LODE correlations calculated?
- We compute the correlation of daily returns between LODE 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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