Uranium Energy Corp. (UEC) — Stock Correlations & Overview
Over the past year, UEC has moved most closely with URAA, URNM, URA. Explore the stocks most correlated and inversely correlated with UEC below, along with its price, financials, and company profile.
Stocks correlated with UEC
Correlation of daily returns. Higher positive values move with UEC; negative values move opposite it. Informational only, not investment advice.
Most correlated with UEC
| Symbol | Company | Correlation |
|---|---|---|
| URAA | Direxion Daily Uranium Industry Bull 2X ETF | 0.86 |
| URNM | Sprott Uranium Miners ETF | 0.86 |
| URA | Global X Uranium ETF | 0.85 |
| NLR | VanEck Uranium and Nuclear ETF | 0.85 |
| URNJ | Sprott Junior Uranium Miners ETF | 0.84 |
Most inversely correlated with UEC
| Symbol | Company | Correlation |
|---|---|---|
| JDST | Direxion Daily Junior Gold Miners Index Bear 2X ETF | -0.58 |
| GDXD | MicroSectors Gold Miners -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.58 |
| DUST | Direxion Daily Gold Miners Index Bear 2X ETF | -0.57 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.53 |
| TZA | Direxion Daily Small Cap Bear 3x ETF | -0.53 |
Frequently asked questions about UEC correlations
- Which stocks are most correlated with UEC?
- Based on one year of daily returns, the stocks most correlated with Uranium Energy Corp. (UEC) are URAA (0.86), URNM (0.86) and URA (0.85). 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 UEC?
- Over the past year, the stocks most inversely correlated with Uranium Energy Corp. (UEC) are JDST (-0.58), GDXD (-0.58) and DUST (-0.57). 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 UEC correlations calculated?
- We compute the correlation of daily returns between UEC 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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