Vista Gold Corp. (VGZ) — Stock Correlations & Overview
Over the past year, VGZ has moved most closely with SILJ, SIL, SLJY. Explore the stocks most correlated and inversely correlated with VGZ below, along with its price, financials, and company profile.
Stocks correlated with VGZ
Correlation of daily returns. Higher positive values move with VGZ; negative values move opposite it. Informational only, not investment advice.
Most correlated with VGZ
| Symbol | Company | Correlation |
|---|---|---|
| SILJ | Amplify Junior Silver Miners ETF | 0.75 |
| SIL | Global X Silver Miners ETF (NEW) | 0.75 |
| SLJY | Amplify SILJ Junior Silver Miners Covered Call ETF | 0.74 |
| GOEX | Global X Gold Explorers ETF (NEW) | 0.74 |
| JNUG | Direxion Daily Junior Gold Miners Index Bull 2X ETF | 0.74 |
Most inversely correlated with VGZ
| Symbol | Company | Correlation |
|---|---|---|
| JDST | Direxion Daily Junior Gold Miners Index Bear 2X ETF | -0.73 |
| GDXD | MicroSectors Gold Miners -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.71 |
| DUST | Direxion Daily Gold Miners Index Bear 2X ETF | -0.71 |
| DULL | MicroSectors Gold -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.66 |
| GLL | ProShares UltraShort GoldCOMMODITY CONTRACTS BROKERS & DEALERS | -0.66 |
Frequently asked questions about VGZ correlations
- Which stocks are most correlated with VGZ?
- Based on one year of daily returns, the stocks most correlated with Vista Gold Corp. (VGZ) are SILJ (0.75), SIL (0.75) and SLJY (0.74). 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 VGZ?
- Over the past year, the stocks most inversely correlated with Vista Gold Corp. (VGZ) are JDST (-0.73), GDXD (-0.71) and DUST (-0.71). 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 VGZ correlations calculated?
- We compute the correlation of daily returns between VGZ 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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