Gold Fields Correlations
| GFI Stock | USD 15.24 0.17 1.13% |
The current 90-days correlation between Gold Fields and Fortitude Gold Corp is 0.22 (i.e., Modest diversification). The correlation of Gold Fields is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Gold Fields Correlation With Market
Good diversification
The correlation between Gold Fields Ltd and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gold Fields Ltd and DJI in the same portfolio, assuming nothing else is changed.
Gold |
Moving together with Gold Stock
| 0.78 | AEM | Agnico Eagle Mines | PairCorr |
| 0.82 | BTG | B2Gold Corp Aggressive Push | PairCorr |
| 0.62 | CDE | Coeur Mining | PairCorr |
| 0.62 | CLF | Cleveland Cliffs Aggressive Push | PairCorr |
| 0.82 | FNV | Franco Nevada | PairCorr |
| 0.9 | HMY | Harmony Gold Mining | PairCorr |
| 0.68 | IAG | IAMGold | PairCorr |
| 0.85 | KGC | Kinross Gold Aggressive Push | PairCorr |
| 0.83 | WPM | Wheaton Precious Metals | PairCorr |
| 0.86 | PAAS | Pan American Silver | PairCorr |
| 0.87 | AG | First Majestic Silver | PairCorr |
| 0.72 | EU | enCore Energy Corp | PairCorr |
| 0.75 | HL | Hecla Mining | PairCorr |
| 0.69 | IE | Ivanhoe Electric | PairCorr |
Moving against Gold Stock
Related Correlations Analysis
Please specify at least 3 valid symbols having historical data to build a meaningful correlation cloud. You can use symbol search above to locate your securities.