USCF Gold Correlations

GLDX Etf

USD 38.78 0.11 0.28%

The correlation of USCF Gold 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. If the correlation is 0, the equities are not correlated; they are entirely random.

USCF Gold Correlation With Market

Poor diversification

The correlation between USCF Gold Strategy and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding USCF Gold Strategy and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with USCF Etf

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in USCF Gold Strategy. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in small area income & poverty estimates.

Moving together with USCF Etf

0.95	GLD	SPDR Gold Shares	Pair Corr
0.96	IAU	iShares Gold Trust	Pair Corr
0.83	SLV	iShares Silver Trust	Pair Corr
0.96	GLDM	SPDR Gold Mini	Pair Corr
0.96	SGOL	abrdn Physical Gold	Pair Corr
0.79	USO	United States Oil	Pair Corr
0.68	DBA	Invesco DB Agriculture	Pair Corr
0.95	GLTR	abrdn Physical Precious	Pair Corr
0.83	SIVR	abrdn Physical Silver	Pair Corr
0.96	IAUM	iShares Gold Trust	Pair Corr
0.67	VTI	Vanguard Total Stock	Pair Corr
0.64	SPY	SPDR SP 500	Pair Corr
0.65	IVV	iShares Core SP	Pair Corr
0.65	BND	Vanguard Total Bond	Pair Corr
0.88	VTV	Vanguard Value Index	Pair Corr
0.8	VO	Vanguard Mid Cap	Pair Corr
0.92	VEA	Vanguard FTSE Developed Sell-off Trend	Pair Corr
0.85	VB	Vanguard Small Cap	Pair Corr
0.89	VWO	Vanguard FTSE Emerging	Pair Corr
0.87	REGL	ProShares SP MidCap	Pair Corr
0.75	GPT	Intelligent Alpha Atlas Symbol Change	Pair Corr
0.76	FB	ProShares Trust ProShares	Pair Corr
0.84	UDI	USCF ETF Trust	Pair Corr
0.87	TAXT	Northern Trust Tax	Pair Corr
0.94	DMCY	Democracy International	Pair Corr
0.84	SPVM	Invesco SP 500	Pair Corr
0.87	PFF	iShares Preferred	Pair Corr
0.77	PSFD	Pacer Swan SOS	Pair Corr
0.92	PCEM	Litman Gregory Funds	Pair Corr
0.83	TLCI	Touchstone ETF Trust	Pair Corr
0.8	NCPB	Nuveen Core Plus	Pair Corr
0.92	CHPS	Xtrackers Semiconductor	Pair Corr
0.82	XYLD	Global X SP	Pair Corr
0.87	BMVP	Invesco Bloomberg MVP	Pair Corr
0.94	CCNR	CoreCommodity Natural	Pair Corr

Moving against USCF Etf

0.37

VUG

Vanguard Growth Index

Pair Corr

Related Correlations Analysis

	UBG	ARKY	HJPX	FCAN	IWFH	CRIT	NVMZ	USHG	KBND	VTRN
UBG		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	UBG
ARKY	0.0		0.0	0.0	0.0	0.45	-0.49	0.0	0.0	0.0	ARKY
HJPX	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	HJPX
FCAN	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	FCAN
IWFH	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	IWFH
CRIT	0.0	0.45	0.0	0.0	0.0		0.13	0.0	0.0	0.0	CRIT
NVMZ	0.0	-0.49	0.0	0.0	0.0	0.13		0.0	0.0	0.0	NVMZ
USHG	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	USHG
KBND	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	KBND
VTRN	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		VTRN
	UBG	ARKY	HJPX	FCAN	IWFH	CRIT	NVMZ	USHG	KBND	VTRN

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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

CRIT	+ 0.45	ARKY
NVMZ	+ 0.13	CRIT
ARKY	+ 0.0	UBG
HJPX	+ 0.0	UBG
FCAN	+ 0.0	UBG
IWFH	+ 0.0	UBG

High negative correlations

NVMZ	- 0.49	ARKY
VTRN	- 0.0	KBND
VTRN	- 0.0	USHG
KBND	- 0.0	USHG
VTRN	- 0.0	NVMZ
KBND	- 0.0	NVMZ

USCF Gold Constituents Risk-Adjusted Indicators

There is a big difference between USCF Etf performing well and USCF Gold ETF 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 USCF 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
UBG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ARKY	2.25	(0.38)	0.00	(1.37)	0.00	0.00	4.89	(4.47)	16.23
HJPX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FCAN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IWFH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CRIT	1.12	(0.10)	0.00	(0.32)	0.00	0.00	1.74	(2.83)	8.68
NVMZ	0.43	(0.01)	(0.04)	(0.10)	0.66	(0.88)	1.37	(1.21)	6.77
USHG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KBND	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VTRN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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