Southern Copper Corporation (SCCO) — Stock Correlations & Overview
Over the past year, SCCO has moved most closely with ICOP, COPP, COPX. Explore the stocks most correlated and inversely correlated with SCCO below, along with its price, financials, and company profile.
Stocks correlated with SCCO
Correlation of daily returns. Higher positive values move with SCCO; negative values move opposite it. Informational only, not investment advice.
Most correlated with SCCO
| Symbol | Company | Correlation |
|---|---|---|
| ICOP | iShares Copper and Metals Mining ETF | 0.90 |
| COPP | Sprott Copper Miners ETF | 0.90 |
| COPX | Global X Copper Miners ETF (NEW) | 0.89 |
| COPA | Themes Copper Miners ETF | 0.87 |
| EPU | iShares MSCI Peru and Global Exposure ETF | 0.87 |
Most inversely correlated with SCCO
| Symbol | Company | Correlation |
|---|---|---|
| JDST | Direxion Daily Junior Gold Miners Index Bear 2X ETF | -0.70 |
| GDXD | MicroSectors Gold Miners -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.69 |
| DUST | Direxion Daily Gold Miners Index Bear 2X ETF | -0.69 |
| EUM | ProShares Trust Short MSCI Emerging Markets | -0.68 |
| EDZ | Direxion Daily MSCI Emerging Markets Bear 3X ETF | -0.68 |
Frequently asked questions about SCCO correlations
- Which stocks are most correlated with SCCO?
- Based on one year of daily returns, the stocks most correlated with Southern Copper Corporation (SCCO) are ICOP (0.90), COPP (0.90) and COPX (0.89). 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 SCCO?
- Over the past year, the stocks most inversely correlated with Southern Copper Corporation (SCCO) are JDST (-0.70), GDXD (-0.69) and DUST (-0.69). 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 SCCO correlations calculated?
- We compute the correlation of daily returns between SCCO 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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