Ur-Energy Inc. (URG) — Stock Correlations & Overview
Over the past year, URG has moved most closely with NXE, URNM, URNJ. Explore the stocks most correlated and inversely correlated with URG below, along with its price, financials, and company profile.
Stocks correlated with URG
Correlation of daily returns. Higher positive values move with URG; negative values move opposite it. Informational only, not investment advice.
Most correlated with URG
| Symbol | Company | Correlation |
|---|---|---|
| NXE | NexGen Energy Ltd. | 0.75 |
| URNM | Sprott Uranium Miners ETF | 0.75 |
| URNJ | Sprott Junior Uranium Miners ETF | 0.73 |
| URAN | Themes Uranium & Nuclear ETF | 0.73 |
| URAA | Direxion Daily Uranium Industry Bull 2X ETF | 0.73 |
Most inversely correlated with URG
| Symbol | Company | Correlation |
|---|---|---|
| JDST | Direxion Daily Junior Gold Miners Index Bear 2X ETF | -0.49 |
| GDXD | MicroSectors Gold Miners -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.47 |
| DUST | Direxion Daily Gold Miners Index Bear 2X ETF | -0.47 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.47 |
| RGTZ | Defiance Daily Target 2x Short RGTI ETF | -0.46 |
Frequently asked questions about URG correlations
- Which stocks are most correlated with URG?
- Based on one year of daily returns, the stocks most correlated with Ur-Energy Inc. (URG) are NXE (0.75), URNM (0.75) and URNJ (0.73). 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 URG?
- Over the past year, the stocks most inversely correlated with Ur-Energy Inc. (URG) are JDST (-0.49), GDXD (-0.47) and DUST (-0.47). 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 URG correlations calculated?
- We compute the correlation of daily returns between URG 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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