Trekor Metals Limited (TGB) — Stock Correlations & Overview
Over the past year, TGB has moved most closely with COPX, ICOP, COPA. Explore the stocks most correlated and inversely correlated with TGB below, along with its price, financials, and company profile.
Stocks correlated with TGB
Correlation of daily returns. Higher positive values move with TGB; negative values move opposite it. Informational only, not investment advice.
Most correlated with TGB
| Symbol | Company | Correlation |
|---|---|---|
| COPX | Global X Copper Miners ETF (NEW) | 0.84 |
| ICOP | iShares Copper and Metals Mining ETF | 0.84 |
| COPA | Themes Copper Miners ETF | 0.83 |
| COPP | Sprott Copper Miners ETF | 0.83 |
| HBM | Hudbay Minerals Inc. | 0.83 |
Most inversely correlated with TGB
| 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 | -0.68 |
| DUST | Direxion Daily Gold Miners Index Bear 2X ETF | -0.67 |
| ZSL | ProShares UltraShort SilverCOMMODITY CONTRACTS BROKERS & DEALERS | -0.65 |
| GLL | ProShares UltraShort GoldCOMMODITY CONTRACTS BROKERS & DEALERS | -0.59 |
Frequently asked questions about TGB correlations
- Which stocks are most correlated with TGB?
- Based on one year of daily returns, the stocks most correlated with Trekor Metals Limited (TGB) are COPX (0.84), ICOP (0.84) and COPA (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 TGB?
- Over the past year, the stocks most inversely correlated with Trekor Metals Limited (TGB) are JDST (-0.70), GDXD (-0.68) and DUST (-0.67). 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 TGB correlations calculated?
- We compute the correlation of daily returns between TGB 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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