Blue Gold Correlations

BGL Stock

2.32 0.23 9.02%

The current 90-days correlation between Blue Gold Limited and US Gold Corp is 0.26 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Blue Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Blue Gold Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Blue Gold Correlation With Market

Excellent diversification

The correlation between Blue Gold Limited and DJI is -0.57 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blue Gold Limited and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Blue Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Blue Gold Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Blue Stock

0.76	ATMV	AlphaVest Acquisition Symbol Change	Pair Corr
0.77	LADX	LadRx	Pair Corr

Moving against Blue Stock

0.63	PPERY	Bank Mandiri Persero	Pair Corr
0.62	AU	AngloGold Ashanti plc	Pair Corr
0.59	NEM	Newmont Goldcorp Corp	Pair Corr
0.58	WPM	Wheaton Precious Metals	Pair Corr
0.54	KGC	Kinross Gold Downward Rally	Pair Corr
0.54	GOLD	Gold Inc Symbol Change	Pair Corr
0.5	GFI	Gold Fields	Pair Corr
0.47	ZIJMY	Zijin Mining Group	Pair Corr
0.43	ZIJMF	Zijin Mining Group	Pair Corr
0.43	GNTX	Gentex	Pair Corr
0.42	AEM	Agnico Eagle Mines Earnings Call This Week	Pair Corr
0.7	CNXX	CONX Corp	Pair Corr
0.63	BHB	Bar Harbor Bankshares	Pair Corr
0.61	BNEFF	Bonterra Energy Corp	Pair Corr
0.51	AVGDF	Avidian Gold Corp	Pair Corr
0.36	KODK	Eastman Kodak	Pair Corr
0.67	UBAAF	Urbana	Pair Corr
0.65	HBNC	Horizon Bancorp	Pair Corr
0.61	DDS	Dillards	Pair Corr
0.6	KSPI	Joint Stock	Pair Corr
0.56	CTRE	CareTrust REIT Earnings Call This Week	Pair Corr
0.54	SION	Sionna Therapeutics	Pair Corr

Related Correlations Analysis

	USAU	VGZ	DC	VOXR	TRX	CTGO	NAMM	GLDG	SMID	PLG
USAU		0.69	0.85	0.66	0.49	0.86	0.15	0.48	0.01	0.81	USAU
VGZ	0.69		0.87	0.82	0.82	0.88	0.66	0.83	0.07	0.93	VGZ
DC	0.85	0.87		0.88	0.73	0.97	0.36	0.59	0.05	0.9	DC
VOXR	0.66	0.82	0.88		0.7	0.86	0.37	0.57	-0.19	0.87	VOXR
TRX	0.49	0.82	0.73	0.7		0.7	0.79	0.71	0.08	0.75	TRX
CTGO	0.86	0.88	0.97	0.86	0.7		0.39	0.66	0.07	0.93	CTGO
NAMM	0.15	0.66	0.36	0.37	0.79	0.39		0.79	0.16	0.51	NAMM
GLDG	0.48	0.83	0.59	0.57	0.71	0.66	0.79		0.12	0.77	GLDG
SMID	0.01	0.07	0.05	-0.19	0.08	0.07	0.16	0.12		0.05	SMID
PLG	0.81	0.93	0.9	0.87	0.75	0.93	0.51	0.77	0.05		PLG
	USAU	VGZ	DC	VOXR	TRX	CTGO	NAMM	GLDG	SMID	PLG

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

CTGO	+ 0.97	DC
PLG	+ 0.93	VGZ
PLG	+ 0.93	CTGO
PLG	+ 0.9	DC
CTGO	+ 0.88	VGZ
VOXR	+ 0.88	DC

High negative correlations

SMID

- 0.19

VOXR

Risk-Adjusted Indicators

There is a big difference between Blue Stock performing well and Blue Gold Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Blue Gold's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
USAU	3.32	0.12	0.03	0.15	4.08	(3.82)	7.02	(6.07)	24.87
VGZ	4.67	0.57	0.10	0.50	5.13	(5.93)	11.63	(7.66)	33.87
DC	3.04	0.57	0.16	0.34	3.06	(3.56)	8.15	(5.39)	29.80
VOXR	2.63	0.18	0.06	0.17	3.10	(2.94)	5.36	(5.42)	13.63
TRX	5.07	1.43	0.21	0.66	5.80	(6.13)	12.87	(8.47)	52.20
CTGO	2.89	0.29	0.07	0.32	3.88	(2.77)	6.50	(5.73)	19.02
NAMM	10.20	2.07	0.25	0.37	8.03	(18.96)	31.29	(14.46)	165.48
GLDG	3.65	0.05	0.01	0.06	4.90	(4.27)	9.45	(8.90)	28.50
SMID	2.21	(0.06)	(0.01)	0.00	3.28	(1.93)	4.54	(5.17)	13.48
PLG	4.70	0.09	0.03	0.06	5.81	(5.38)	8.91	(10.14)	37.93

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