Trilogy Metals Inc (TMQ) — Stock Correlations & Overview
Over the past year, TMQ has moved most closely with COPJ, TMC, MEME. Explore the stocks most correlated and inversely correlated with TMQ below, along with its price, financials, and company profile.
Stocks correlated with TMQ
Correlation of daily returns. Higher positive values move with TMQ; negative values move opposite it. Informational only, not investment advice.
Most correlated with TMQ
| Symbol | Company | Correlation |
|---|---|---|
| COPJ | Sprott Junior Copper Miners ETF | 0.50 |
| TMC | TMC the metals company Inc. Common StockMETAL MINING | 0.48 |
| MEME | Roundhill Meme Stock ETF | 0.47 |
| WQTM | WisdomTree Quantum Computing Fund | 0.47 |
| NAK | Northern Dynasty Minerals, Ltd. | 0.46 |
Most inversely correlated with TMQ
| Symbol | Company | Correlation |
|---|---|---|
| YYAI | AiRWA Inc. Common StockSERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. | -0.49 |
| RGTZ | Defiance Daily Target 2x Short RGTI ETF | -0.41 |
| QBTZ | Defiance Daily Target 2x Short QBTS ETF | -0.39 |
| GLL | ProShares UltraShort GoldCOMMODITY CONTRACTS BROKERS & DEALERS | -0.29 |
| DULL | MicroSectors Gold -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.28 |
Frequently asked questions about TMQ correlations
- Which stocks are most correlated with TMQ?
- Based on one year of daily returns, the stocks most correlated with Trilogy Metals Inc (TMQ) are COPJ (0.50), TMC (0.48) and MEME (0.47). 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 TMQ?
- Over the past year, the stocks most inversely correlated with Trilogy Metals Inc (TMQ) are YYAI (-0.49), RGTZ (-0.41) and QBTZ (-0.39). 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 TMQ correlations calculated?
- We compute the correlation of daily returns between TMQ 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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