US Global Correlations

Etfs . USA . 
Etf . US Global Sea
SEA Etf  USD 15.60  0.06  0.38%   
The current 90-days correlation between US Global Sea and Navios Maritime Holdings is 0.18 (i.e., Average diversification). The correlation of US Global 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.

US Global Correlation With Market

Average diversification

The correlation between US Global Sea and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding US Global Sea and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in US Global Sea. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with SEA Etf

  0.72HART IQ Healthy HeartsPairCorr
  0.64GREI Goldman Sachs FuturePairCorr
  0.66BITI ProShares Trust Downward RallyPairCorr
  0.61DD Dupont De Nemours Fiscal Year End 4th of February 2025 PairCorr
  0.67MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.77KO Coca Cola Sell-off TrendPairCorr
  0.65MMM 3M Company Fiscal Year End 28th of January 2025 PairCorr
  0.69PFE Pfizer Inc Aggressive PushPairCorr

Moving against SEA Etf

  0.66DRVN Driven Brands HoldingsPairCorr
  0.63JETS US Global JetsPairCorr
  0.59IYT iShares Transportation Low VolatilityPairCorr
  0.59EOS Eaton Vance EnhancedPairCorr
  0.54VBK Vanguard Small CapPairCorr
  0.47FXR First Trust IndustriPairCorr
  0.46IYJ iShares Industrials ETF Low VolatilityPairCorr
  0.41VIS Vanguard IndustrialsPairCorr
  0.39FIDU Fidelity MSCI IndustrialsPairCorr
  0.36PPA Invesco Aerospace DefensePairCorr
  0.35XLI Industrial Select SectorPairCorr
  0.78JPM JPMorgan Chase Sell-off TrendPairCorr
  0.75BAC Bank of America Aggressive PushPairCorr
  0.62WMT Walmart Aggressive PushPairCorr
  0.52CVX Chevron Corp Sell-off TrendPairCorr
  0.49T ATT Inc Aggressive PushPairCorr
  0.37AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr

Related Correlations Analysis

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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   
GNK
+ 0.51
DSX
GNK
+ 0.33
SLX
DSX
+ 0.25
NM
EGLE
+ 0.12
SLX
GNK
+ 0.08
NM
  
High negative correlations   
SLX
- 0.56
NM
GNK
- 0.5
EGLE
EGLE
- 0.36
DSX
DSX
- 0.2
SLX
EGLE
- 0.08
NM

US Global Constituents Risk-Adjusted Indicators

There is a big difference between SEA Etf performing well and US Global 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 US Global'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.

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