The Marygold Companies, Inc. (MGLD) — Stock Correlations & Overview
Over the past year, MGLD has moved most closely with IBO, PAVM, ZSL. Explore the stocks most correlated and inversely correlated with MGLD below, along with its price, financials, and company profile.
Stocks correlated with MGLD
Correlation of daily returns. Higher positive values move with MGLD; negative values move opposite it. Informational only, not investment advice.
Most correlated with MGLD
| Symbol | Company | Correlation |
|---|---|---|
| IBO | Impact BioMedical, Inc.PHARMACEUTICAL PREPARATIONS | 0.35 |
| PAVM | PAVmed Inc. Common StockSURGICAL & MEDICAL INSTRUMENTS & APPARATUS | 0.30 |
| ZSL | ProShares UltraShort SilverCOMMODITY CONTRACTS BROKERS & DEALERS | 0.26 |
| SFBS | ServisFirst Bancshares Inc.STATE COMMERCIAL BANKS | 0.26 |
| FUBO | FuboTV Inc.SERVICES-MOTION PICTURE & VIDEO TAPE PRODUCTION | 0.26 |
Most inversely correlated with MGLD
| Symbol | Company | Correlation |
|---|---|---|
| SLVO | UBS AG ETRACS Silver Shares Covered Call ETNs due April 21, 2033 | -0.30 |
| KSLV | Kurv Silver Enhanced Income ETF | -0.30 |
| SIVR | abrdn Physical Silver Shares ETFCOMMODITY CONTRACTS BROKERS & DEALERS | -0.29 |
| SLV | iShares Silver TrustCOMMODITY CONTRACTS BROKERS & DEALERS | -0.29 |
| AGQ | ProShares Ultra SilverCOMMODITY CONTRACTS BROKERS & DEALERS | -0.29 |
Frequently asked questions about MGLD correlations
- Which stocks are most correlated with MGLD?
- Based on one year of daily returns, the stocks most correlated with The Marygold Companies, Inc. (MGLD) are IBO (0.35), PAVM (0.30) and ZSL (0.26). 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 MGLD?
- Over the past year, the stocks most inversely correlated with The Marygold Companies, Inc. (MGLD) are SLVO (-0.30), KSLV (-0.30) and SIVR (-0.29). 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 MGLD correlations calculated?
- We compute the correlation of daily returns between MGLD 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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