Namib Minerals Ordinary Shares (NAMM) — Stock Correlations & Overview
Over the past year, NAMM has moved most closely with MOOD, MFUT, SETM. Explore the stocks most correlated and inversely correlated with NAMM below, along with its price, financials, and company profile.
Stocks correlated with NAMM
Correlation of daily returns. Higher positive values move with NAMM; negative values move opposite it. Informational only, not investment advice.
Most correlated with NAMM
| Symbol | Company | Correlation |
|---|---|---|
| MOOD | Relative Sentiment Tactical Allocation ETF | 0.38 |
| MFUT | Cambria Chesapeake Pure Trend ETF | 0.38 |
| SETM | Sprott Funds Trust Sprott Critical Materials ETF | 0.36 |
| GMOM | Cambria Global Momentum ETF | 0.35 |
| LENS | Sarmaya Thematic ETF | 0.35 |
Most inversely correlated with NAMM
| Symbol | Company | Correlation |
|---|---|---|
| PHOE | Phoenix Asia Holdings Limited Ordinary Shares | -0.36 |
| DULL | MicroSectors Gold -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.31 |
| GLL | ProShares UltraShort GoldCOMMODITY CONTRACTS BROKERS & DEALERS | -0.31 |
| JDST | Direxion Daily Junior Gold Miners Index Bear 2X ETF | -0.29 |
| GDXD | MicroSectors Gold Miners -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.29 |
Frequently asked questions about NAMM correlations
- Which stocks are most correlated with NAMM?
- Based on one year of daily returns, the stocks most correlated with Namib Minerals Ordinary Shares (NAMM) are MOOD (0.38), MFUT (0.38) and SETM (0.36). 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 NAMM?
- Over the past year, the stocks most inversely correlated with Namib Minerals Ordinary Shares (NAMM) are PHOE (-0.36), DULL (-0.31) and GLL (-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 NAMM correlations calculated?
- We compute the correlation of daily returns between NAMM 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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