Gold Correlations

GOLDDelisted Stock

USD 53.53 2.98 5.27%

The current 90-days correlation between Gold Inc and Hingham Institution for is -0.29 (i.e., Very good diversification). The correlation of 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.

Gold Correlation With Market

Very poor diversification

The correlation between Gold Inc and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gold Inc and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Gold Stock

0.77	ATCOL	Atlas Corp	Pair Corr
0.89	JNJ	Johnson Johnson	Pair Corr
0.8	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.69	MCD	McDonalds	Pair Corr
0.74	INTC	Intel	Pair Corr
0.95	DD	Dupont De Nemours	Pair Corr
0.91	CAT	Caterpillar	Pair Corr
0.83	WMT	Walmart Common Stock Earnings Call This Week	Pair Corr
0.75	HD	Home Depot	Pair Corr
0.78	AA	Alcoa Corp	Pair Corr
0.81	BA	Boeing	Pair Corr

Moving against Gold Stock

0.85	HPQ	HP Inc	Pair Corr
0.84	MSFT	Microsoft Sell-off Trend	Pair Corr
0.83	GCMGW	GCM Grosvenor	Pair Corr
0.78	ADVWW	Advantage Solutions	Pair Corr
0.7	PBCRF	PT Bank Central	Pair Corr
0.69	MAPSW	WM Technology	Pair Corr
0.45	PCTTW	PureCycle Technologies	Pair Corr
0.37	GOEVW	Canoo Holdings	Pair Corr
0.35	CMWCF	Cromwell Property	Pair Corr

Related Correlations Analysis

	DEFT	AXG	OPY	FUFU	MFH	GEMI	HTBK	EIC	CAC	HIFS
DEFT		-0.15	-0.67	0.56	0.8	0.77	-0.72	0.64	-0.73	-0.33	DEFT
AXG	-0.15		0.02	0.16	-0.23	0.03	0.28	0.22	0.08	-0.12	AXG
OPY	-0.67	0.02		-0.32	-0.7	-0.72	0.91	-0.64	0.92	0.7	OPY
FUFU	0.56	0.16	-0.32		0.23	0.43	-0.28	0.39	-0.35	-0.16	FUFU
MFH	0.8	-0.23	-0.7	0.23		0.81	-0.79	0.63	-0.77	-0.43	MFH
GEMI	0.77	0.03	-0.72	0.43	0.81		-0.66	0.7	-0.72	-0.52	GEMI
HTBK	-0.72	0.28	0.91	-0.28	-0.79	-0.66		-0.56	0.96	0.69	HTBK
EIC	0.64	0.22	-0.64	0.39	0.63	0.7	-0.56		-0.66	-0.4	EIC
CAC	-0.73	0.08	0.92	-0.35	-0.77	-0.72	0.96	-0.66		0.73	CAC
HIFS	-0.33	-0.12	0.7	-0.16	-0.43	-0.52	0.69	-0.4	0.73		HIFS
	DEFT	AXG	OPY	FUFU	MFH	GEMI	HTBK	EIC	CAC	HIFS

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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

CAC	+ 0.96	HTBK
CAC	+ 0.92	OPY
HTBK	+ 0.91	OPY
GEMI	+ 0.81	MFH
MFH	+ 0.8	DEFT
GEMI	+ 0.77	DEFT

High negative correlations

HTBK	- 0.79	MFH
CAC	- 0.77	MFH
CAC	- 0.73	DEFT
CAC	- 0.72	GEMI
GEMI	- 0.72	OPY
HTBK	- 0.72	DEFT

Risk-Adjusted Indicators

There is a big difference between Gold Stock performing well and 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 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
DEFT	5.78	(1.26)	0.00	(0.21)	0.00	0.00	11.65	(13.89)	36.00
AXG	4.09	0.39	0.06	1.45	5.35	(4.92)	10.84	(8.38)	35.34
OPY	1.60	0.33	0.21	0.36	1.33	(1.93)	4.84	(2.78)	13.77
FUFU	3.39	(0.37)	0.00	(0.36)	0.00	0.00	6.06	(8.73)	15.99
MFH	8.68	(1.48)	0.00	(10.01)	0.00	0.00	17.84	(21.67)	46.71
GEMI	4.96	(1.35)	0.00	(0.31)	0.00	0.00	10.22	(10.18)	44.06
HTBK	1.18	0.28	0.20	0.34	1.07	(1.40)	2.87	(1.61)	9.66
EIC	0.96	(0.24)	0.00	(0.32)	0.00	0.00	1.57	(2.33)	7.18
CAC	1.41	0.32	0.20	0.36	1.18	(1.57)	3.78	(2.43)	10.30
HIFS	2.41	0.02	0.01	0.08	3.36	(2.33)	4.99	(6.11)	16.01

Delisting Warning - GOLD

Gold Inc was delisted

The entity Gold Inc with a symbol GOLD was delisted from NASDAQ Exchange. Please try Barrick Mining with a symbol B from now on. Check all delisted instruments accross multiple markets.

Still Interested in Gold Inc?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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