Which stocks are most correlated with MP?

Based on one year of daily returns, the stocks most correlated with MP Materials Corp. (MP) are NB (0.76), USAR (0.76) and UUUU (0.74). 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 MP?

Over the past year, the stocks most inversely correlated with MP Materials Corp. (MP) are RGTZ (-0.62), QBTZ (-0.57) and IONZ (-0.53). A negative correlation means the two stocks have tended to move in opposite directions.

MP Materials Corp. (MP) — Stock Correlations & Overview

Over the past year, MP has moved most closely with NB, USAR, UUUU. Explore the stocks most correlated and inversely correlated with MP below, along with its price, financials, and company profile.

Stocks correlated with MP

Correlation of daily returns. Higher positive values move with MP; negative values move opposite it. Informational only, not investment advice.

Most correlated with MP

Symbol	Company	Correlation
NB	NioCorp Developments Ltd. Common StockMETAL MINING	0.76
USAR	USA Rare Earth, Inc. Class A Common StockMETAL MINING	0.76
UUUU	Energy Fuels Inc.MINING & QUARRYING OF NONMETALLIC MINERALS (NO FUELS)	0.74
XME	State Street SPDR S&P Metals & Mining ETF	0.71
NLR	VanEck Uranium and Nuclear ETF	0.70

Most inversely correlated with MP

Symbol	Company	Correlation
RGTZ	Defiance Daily Target 2x Short RGTI ETF	-0.62
QBTZ	Defiance Daily Target 2x Short QBTS ETF	-0.57
IONZ	Defiance Daily Target 2x Short IONQ ETF	-0.53
TZA	Direxion Daily Small Cap Bear 3x ETF	-0.48
SRTY	ProShares UltraPro Short Russell2000	-0.47

Frequently asked questions about MP correlations

Which stocks are most correlated with MP?: Based on one year of daily returns, the stocks most correlated with MP Materials Corp. (MP) are NB (0.76), USAR (0.76) and UUUU (0.74). 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 MP?: Over the past year, the stocks most inversely correlated with MP Materials Corp. (MP) are RGTZ (-0.62), QBTZ (-0.57) and IONZ (-0.53). 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 MP correlations calculated?: We compute the correlation of daily returns between MP 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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