NioCorp Developments Ltd. Common Stock (NB) — Stock Correlations & Overview
Over the past year, NB has moved most closely with MP, USAR, UUUU. Explore the stocks most correlated and inversely correlated with NB below, along with its price, financials, and company profile.
Stocks correlated with NB
Correlation of daily returns. Higher positive values move with NB; negative values move opposite it. Informational only, not investment advice.
Most correlated with NB
| Symbol | Company | Correlation |
|---|---|---|
| MP | MP Materials Corp.METAL MINING | 0.76 |
| USAR | USA Rare Earth, Inc. Class A Common StockMETAL MINING | 0.74 |
| UUUU | Energy Fuels Inc.MINING & QUARRYING OF NONMETALLIC MINERALS (NO FUELS) | 0.70 |
| UAMY | United States Antimony CorporationPRIMARY SMELTING & REFINING OF NONFERROUS METALS | 0.68 |
| TMC | TMC the metals company Inc. Common StockMETAL MINING | 0.68 |
Most inversely correlated with NB
| Symbol | Company | Correlation |
|---|---|---|
| RGTZ | Defiance Daily Target 2x Short RGTI ETF | -0.52 |
| IONZ | Defiance Daily Target 2x Short IONQ ETF | -0.51 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.47 |
| TWM | ProShares UltraShort Russell2000 | -0.46 |
| SRTY | ProShares UltraPro Short Russell2000 | -0.46 |
Frequently asked questions about NB correlations
- Which stocks are most correlated with NB?
- Based on one year of daily returns, the stocks most correlated with NioCorp Developments Ltd. Common Stock (NB) are MP (0.76), USAR (0.74) and UUUU (0.70). 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 NB?
- Over the past year, the stocks most inversely correlated with NioCorp Developments Ltd. Common Stock (NB) are RGTZ (-0.52), IONZ (-0.51) and SARK (-0.47). 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 NB correlations calculated?
- We compute the correlation of daily returns between NB 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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