Metalla Royalty & Streaming Ltd. (MTA) — Stock Correlations & Overview
Over the past year, MTA has moved most closely with GDXJ, GBUG, JNUG. Explore the stocks most correlated and inversely correlated with MTA below, along with its price, financials, and company profile.
Stocks correlated with MTA
Correlation of daily returns. Higher positive values move with MTA; negative values move opposite it. Informational only, not investment advice.
Most correlated with MTA
| Symbol | Company | Correlation |
|---|---|---|
| GDXJ | VanEck Junior Gold Miners ETF | 0.80 |
| GBUG | Sprott Active Gold & Silver Miners ETF | 0.80 |
| JNUG | Direxion Daily Junior Gold Miners Index Bull 2X ETF | 0.80 |
| SILJ | Amplify Junior Silver Miners ETF | 0.80 |
| GOAU | US Global GO Gold and Precious Metal Miners ETF | 0.79 |
Most inversely correlated with MTA
| Symbol | Company | Correlation |
|---|---|---|
| JDST | Direxion Daily Junior Gold Miners Index Bear 2X ETF | -0.80 |
| GDXD | MicroSectors Gold Miners -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.79 |
| DUST | Direxion Daily Gold Miners Index Bear 2X ETF | -0.79 |
| ZSL | ProShares UltraShort SilverCOMMODITY CONTRACTS BROKERS & DEALERS | -0.65 |
| DULL | MicroSectors Gold -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.64 |
Frequently asked questions about MTA correlations
- Which stocks are most correlated with MTA?
- Based on one year of daily returns, the stocks most correlated with Metalla Royalty & Streaming Ltd. (MTA) are GDXJ (0.80), GBUG (0.80) and JNUG (0.80). 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 MTA?
- Over the past year, the stocks most inversely correlated with Metalla Royalty & Streaming Ltd. (MTA) are JDST (-0.80), GDXD (-0.79) and DUST (-0.79). 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 MTA correlations calculated?
- We compute the correlation of daily returns between MTA 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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