USCF Gold Correlations
| GLDX Etf | USD 36.10 0.44 1.23% |
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
Average diversification
The correlation between USCF Gold Strategy and DJI is 0.19 (i.e., Average 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.
Moving together with USCF Etf
| 0.87 | GLD | SPDR Gold Shares | PairCorr |
| 0.87 | IAU | iShares Gold Trust | PairCorr |
| 0.91 | SLV | iShares Silver Trust | PairCorr |
| 0.87 | GLDM | SPDR Gold Mini | PairCorr |
| 0.87 | SGOL | abrdn Physical Gold | PairCorr |
| 0.91 | GLTR | abrdn Physical Precious | PairCorr |
| 0.91 | SIVR | abrdn Physical Silver | PairCorr |
| 0.87 | IAUM | iShares Gold Trust | PairCorr |
| 0.78 | LUX | Tema Global | PairCorr |
| 0.88 | FB | ProShares Trust ProShares | PairCorr |
| 0.74 | SWP | SWP Growth Income | PairCorr |
| 0.78 | DUKH | Ocean Park High | PairCorr |
| 0.84 | DD | Dupont De Nemours | PairCorr |
| 0.69 | TRV | The Travelers Companies | PairCorr |
| 0.82 | CSCO | Cisco Systems | PairCorr |
| 0.88 | AA | Alcoa Corp | PairCorr |
| 0.72 | MCD | McDonalds | PairCorr |
| 0.78 | AXP | American Express | PairCorr |
| 0.88 | MRK | Merck Company Sell-off Trend | PairCorr |
Moving against USCF Etf
| 0.71 | PG | Procter Gamble | PairCorr |
| 0.53 | USO | United States Oil | PairCorr |
| 0.42 | SHLD | Global X Defense Sell-off Trend | PairCorr |
| 0.33 | HUM | Humana Inc | PairCorr |
| 0.73 | HD | Home Depot Sell-off Trend | PairCorr |
| 0.71 | HPQ | HP Inc | PairCorr |
| 0.61 | T | ATT Inc | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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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 | |||
| ARKY | 2.25 | (0.40) | 0.00 | (1.02) | 0.00 | 4.89 | 16.23 | |||
| HJPX | 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 | |||
| IWFH | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CRIT | 1.12 | (0.05) | 0.00 | 0.20 | 0.00 | 1.74 | 8.68 | |||
| NVMZ | 0.45 | 0.01 | (0.06) | 0.23 | 0.65 | 1.36 | 6.77 | |||
| USHG | 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 | |||
| VTRN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |