Mesabi Trust (MSB) — Stock Correlations & Overview
Over the past year, MSB has moved most closely with ATHpD, SLX, XME. Explore the stocks most correlated and inversely correlated with MSB below, along with its price, financials, and company profile.
Stocks correlated with MSB
Correlation of daily returns. Higher positive values move with MSB; negative values move opposite it. Informational only, not investment advice.
Most correlated with MSB
| Symbol | Company | Correlation |
|---|---|---|
| ATHpD | Athene Holding Ltd. Depositary Shares, Each Representing a 1/1,000th Interest in a 4.875% Fixed-Rate Perpetual Non-Cumulative Preference Share, Series DLIFE INSURANCE | 0.34 |
| SLX | VanEck Steel ETF | 0.33 |
| XME | State Street SPDR S&P Metals & Mining ETF | 0.33 |
| ACES | ALPS Clean Energy ETF | 0.33 |
| MVFG | Monarch Volume Factor Global Unconstrained Index ETF | 0.33 |
Most inversely correlated with MSB
| Symbol | Company | Correlation |
|---|---|---|
| VIXY | ProShares VIX Short-Term Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS | -0.31 |
| UVIX | 2x Long VIX Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS | -0.31 |
| VXZ | iPath Series B S&P 500 VIX Mid-Term Futures ETN | -0.31 |
| VXX | iPath Series B S&P 500 VIX Short-Term Futures ETN | -0.30 |
| UVXY | ProShares Ultra VIX Short-Term Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS | -0.30 |
Frequently asked questions about MSB correlations
- Which stocks are most correlated with MSB?
- Based on one year of daily returns, the stocks most correlated with Mesabi Trust (MSB) are ATHpD (0.34), SLX (0.33) and XME (0.33). 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 MSB?
- Over the past year, the stocks most inversely correlated with Mesabi Trust (MSB) are VIXY (-0.31), UVIX (-0.31) and VXZ (-0.31). 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 MSB correlations calculated?
- We compute the correlation of daily returns between MSB 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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