USCF Gold Correlations
| GLDX Etf | USD 40.11 0.00 0.00% |
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.
Moving together with USCF Etf
| 0.97 | GLD | SPDR Gold Shares Aggressive Push | PairCorr |
| 0.97 | IAU | iShares Gold Trust | PairCorr |
| 0.97 | SLV | iShares Silver Trust Aggressive Push | PairCorr |
| 0.99 | GLDM | SPDR Gold Mini | PairCorr |
| 0.97 | SGOL | abrdn Physical Gold | PairCorr |
| 0.98 | GLTR | abrdn Physical Precious | PairCorr |
| 0.97 | SIVR | abrdn Physical Silver | PairCorr |
| 0.99 | IAUM | iShares Gold Trust | PairCorr |
| 0.67 | TOT | Advisor Managed Port | PairCorr |
| 0.71 | SHLD | Global X Defense | PairCorr |
| 0.7 | LUX | Tema Global | PairCorr |
| 0.84 | FB | ProShares Trust ProShares | PairCorr |
| 0.83 | SWP | SWP Growth Income | PairCorr |
| 0.76 | FNGD | MicroSectors FANG Index | PairCorr |
| 0.92 | CALY | Callaway Golf Symbol Change | PairCorr |
| 0.8 | EIPX | First Trust Exchange | PairCorr |
| 0.84 | DD | Dupont De Nemours | PairCorr |
| 0.63 | INTC | Intel Upward Rally | PairCorr |
| 0.83 | MRK | Merck Company Earnings Call This Week | PairCorr |
| 0.91 | XOM | Exxon Mobil Corp Earnings Call Tomorrow | PairCorr |
Moving against USCF Etf
| 0.87 | HPQ | HP Inc | PairCorr |
| 0.72 | MSFT | Microsoft Aggressive Push | PairCorr |
| 0.7 | T | ATT Inc Earnings Call This Week | 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 | (0.36) | 0.00 | 2.31 | 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 | (0.10) | 0.00 | (0.77) | 0.00 | 1.74 | 8.68 | |||
| NVMZ | 0.47 | 0.01 | (0.04) | 0.24 | 0.66 | 1.37 | 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 |