Western Copper and Gold Corporation (WRN) — Stock Correlations & Overview
Over the past year, WRN has moved most closely with METL, SLJY, AGMI. Explore the stocks most correlated and inversely correlated with WRN below, along with its price, financials, and company profile.
Stocks correlated with WRN
Correlation of daily returns. Higher positive values move with WRN; negative values move opposite it. Informational only, not investment advice.
Most correlated with WRN
| Symbol | Company | Correlation |
|---|---|---|
| METL | Sprott Active Metals & Miners ETF | 0.83 |
| SLJY | Amplify SILJ Junior Silver Miners Covered Call ETF | 0.83 |
| AGMI | Themes Silver Miners ETF | 0.83 |
| SILJ | Amplify Junior Silver Miners ETF | 0.83 |
| GBUG | Sprott Active Gold & Silver Miners ETF | 0.82 |
Most inversely correlated with WRN
| Symbol | Company | Correlation |
|---|---|---|
| JDST | Direxion Daily Junior Gold Miners Index Bear 2X ETF | -0.80 |
| DUST | Direxion Daily Gold Miners Index Bear 2X ETF | -0.79 |
| GDXD | MicroSectors Gold Miners -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.79 |
| ZSL | ProShares UltraShort SilverCOMMODITY CONTRACTS BROKERS & DEALERS | -0.73 |
| DULL | MicroSectors Gold -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.72 |
Frequently asked questions about WRN correlations
- Which stocks are most correlated with WRN?
- Based on one year of daily returns, the stocks most correlated with Western Copper and Gold Corporation (WRN) are METL (0.83), SLJY (0.83) and AGMI (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 WRN?
- Over the past year, the stocks most inversely correlated with Western Copper and Gold Corporation (WRN) are JDST (-0.80), DUST (-0.79) and GDXD (-0.79). 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 WRN correlations calculated?
- We compute the correlation of daily returns between WRN 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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