Which stocks are most correlated with PPTA?

Based on one year of daily returns, the stocks most correlated with Perpetua Resources Corp. Common Shares (PPTA) are SILJ (0.83), GDXJ (0.83) and SIL (0.83). 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 PPTA?

Over the past year, the stocks most inversely correlated with Perpetua Resources Corp. Common Shares (PPTA) are JDST (-0.82), GDXD (-0.81) and DUST (-0.81). A negative correlation means the two stocks have tended to move in opposite directions.

Perpetua Resources Corp. Common Shares (PPTA) — Stock Correlations & Overview

Over the past year, PPTA has moved most closely with SILJ, GDXJ, SIL. Explore the stocks most correlated and inversely correlated with PPTA below, along with its price, financials, and company profile.

Stocks correlated with PPTA

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

Most correlated with PPTA

Symbol	Company	Correlation
SILJ	Amplify Junior Silver Miners ETF	0.83
GDXJ	VanEck Junior Gold Miners ETF	0.83
SIL	Global X Silver Miners ETF (NEW)	0.83
JNUG	Direxion Daily Junior Gold Miners Index Bull 2X ETF	0.82
GBUG	Sprott Active Gold & Silver Miners ETF	0.82

Most inversely correlated with PPTA

Symbol	Company	Correlation
JDST	Direxion Daily Junior Gold Miners Index Bear 2X ETF	-0.82
GDXD	MicroSectors Gold Miners -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.81
DUST	Direxion Daily Gold Miners Index Bear 2X ETF	-0.81
DULL	MicroSectors Gold -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.69
GLL	ProShares UltraShort GoldCOMMODITY CONTRACTS BROKERS & DEALERS	-0.69

Frequently asked questions about PPTA correlations

Which stocks are most correlated with PPTA?: Based on one year of daily returns, the stocks most correlated with Perpetua Resources Corp. Common Shares (PPTA) are SILJ (0.83), GDXJ (0.83) and SIL (0.83). 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 PPTA?: Over the past year, the stocks most inversely correlated with Perpetua Resources Corp. Common Shares (PPTA) are JDST (-0.82), GDXD (-0.81) and DUST (-0.81). 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 PPTA correlations calculated?: We compute the correlation of daily returns between PPTA 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.

Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.