USCF Gold Correlations

USG Etf

USD 39.81 0.84 2.16%

The current 90-days correlation between USCF Gold Strategy and Fidelity Fund Fidelity is 0.04 (i.e., Significant diversification). 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.

USCF Gold Correlation With Market

Poor diversification

The correlation between USCF Gold Strategy and DJI is 0.78 (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 World Market Map 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 main economic indicators.

Moving together with USCF Etf

0.96	GLD	SPDR Gold Shares	Pair Corr
1.0	IAU	iShares Gold Trust	Pair Corr
0.84	SLV	iShares Silver Trust	Pair Corr
1.0	GLDM	SPDR Gold Mini	Pair Corr
0.96	SGOL	abrdn Physical Gold	Pair Corr
0.78	USO	United States Oil	Pair Corr
0.66	DBA	Invesco DB Agriculture	Pair Corr
0.9	GLTR	abrdn Physical Precious	Pair Corr
0.84	SIVR	abrdn Physical Silver	Pair Corr
0.96	IAUM	iShares Gold Trust	Pair Corr
0.91	WSML	iShares MSCI World	Pair Corr
0.92	PULS	PGIM Ultra Short	Pair Corr
0.87	CPSR	Calamos SP 500	Pair Corr
0.87	HYDB	iShares Edge High	Pair Corr
0.87	CGGO	Capital Group Global	Pair Corr
0.85	ODHY	Spinnaker ETF Series	Pair Corr
0.81	GJUN	First Trust Exchange	Pair Corr
0.92	APIE	Trust For Professional	Pair Corr
0.85	ITM	VanEck Intermediate Muni	Pair Corr
0.82	UTWO	Rbb Fund	Pair Corr
0.92	FEUZ	First Trust Eurozone	Pair Corr
0.91	JPIB	JPMorgan International	Pair Corr
0.86	MDY	SPDR SP MIDCAP	Pair Corr
0.9	EVUS	iShares ESG Aware	Pair Corr
0.81	TAFM	AB Active ETFs	Pair Corr
0.61	XRT	SPDR SP Retail	Pair Corr
0.88	DRIV	Global X Autonomous	Pair Corr
0.8	FLJJ	AIM ETF Products	Pair Corr
0.79	UAUG	Innovator Equity Ultra	Pair Corr
0.84	CGGE	Capital Group Global	Pair Corr
0.76	FNGD	MicroSectors FANG Index	Pair Corr
0.92	INTL	Main International ETF	Pair Corr
0.65	EAGG	iShares ESG Aggregate	Pair Corr

Moving against USCF Etf

0.66	SWIN	Alps Symbol Change	Pair Corr
0.83	MPAY	Exchange Traded Concepts	Pair Corr
0.77	JEM	707 Cayman Holdings	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.38	-0.43	0.41	0.14	-0.49	-0.08	0.34	0.45	0.41	META
MSFT	-0.38		0.81	-0.55	-0.68	0.73	0.83	0.07	-0.86	-0.91	MSFT
UBER	-0.43	0.81		-0.49	-0.53	0.8	0.58	-0.08	-0.8	-0.76	UBER
F	0.41	-0.55	-0.49		0.14	-0.45	-0.28	0.28	0.7	0.62	F
T	0.14	-0.68	-0.53	0.14		-0.44	-0.77	-0.14	0.45	0.6	T
A	-0.49	0.73	0.8	-0.45	-0.44		0.52	-0.02	-0.66	-0.79	A
CRM	-0.08	0.83	0.58	-0.28	-0.77	0.52		0.44	-0.61	-0.82	CRM
JPM	0.34	0.07	-0.08	0.28	-0.14	-0.02	0.44		0.21	-0.09	JPM
MRK	0.45	-0.86	-0.8	0.7	0.45	-0.66	-0.61	0.21		0.84	MRK
XOM	0.41	-0.91	-0.76	0.62	0.6	-0.79	-0.82	-0.09	0.84		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

XOM	+ 0.84	MRK
CRM	+ 0.83	MSFT
UBER	+ 0.81	MSFT
A	+ 0.8	UBER
A	+ 0.73	MSFT
MRK	+ 0.7	F

High negative correlations

XOM	- 0.91	MSFT
MRK	- 0.86	MSFT
XOM	- 0.82	CRM
MRK	- 0.8	UBER
XOM	- 0.79	A
CRM	- 0.77	T

USCF Gold Competition 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
META	1.50	0.02	0.00	0.07	1.52	(1.82)	3.43	(2.82)	13.69
MSFT	1.32	(0.38)	0.00	(1.03)	0.00	0.00	1.90	(2.74)	13.28
UBER	1.51	(0.44)	0.00	(0.83)	0.00	0.00	2.41	(3.82)	11.09
F	1.21	0.07	0.05	0.13	1.18	(1.44)	3.34	(2.30)	7.16
T	1.00	0.21	0.17	6.48	0.77	(1.18)	3.87	(1.54)	5.31
A	1.25	(0.33)	0.00	(0.22)	0.00	0.00	2.90	(2.73)	7.85
CRM	1.71	(0.45)	0.00	(0.42)	0.00	0.00	2.94	(4.75)	12.37
JPM	1.27	(0.10)	0.00	(0.02)	0.00	0.00	2.34	(3.11)	7.38
MRK	1.29	0.43	0.31	0.78	1.00	(1.59)	2.93	(1.98)	8.74
XOM	1.25	0.32	0.20	1.60	1.14	(1.43)	2.68	(2.12)	6.83

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