Vista Gold Correlations

VGZ Stock

USD 1.81 0.16 8.12%

The current 90-days correlation between Vista Gold and US Gold Corp is 0.42 (i.e., Very weak diversification). The correlation of Vista 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.

Vista Gold Correlation With Market

Average diversification

The correlation between Vista Gold 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 Vista Gold and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Vista Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vista Gold. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

For more information on how to buy Vista Stock please use our How to Invest in Vista Gold guide.

Moving together with Vista Stock

0.67	AGI	Alamos Gold	Pair Corr
0.74	DRD	DRDGOLD Limited ADR	Pair Corr
0.71	FSM	Fortuna Silver Mines	Pair Corr
0.69	LODE	Comstock Mining	Pair Corr
0.63	AAUC	Allied Gold	Pair Corr

Moving against Vista Stock

0.55	PKX	POSCO Holdings	Pair Corr
0.42	CTBB	Qwest Corp NT	Pair Corr
0.38	CTDD	Qwest Corp 6	Pair Corr
0.49	MMM	3M Company	Pair Corr
0.38	CVX	Chevron Corp	Pair Corr
0.37	KO	Coca Cola	Pair Corr
0.34	IBM	International Business	Pair Corr

Related Correlations Analysis

	USAU	BGL	TRX	DC	GLDG	SMID	VOXR	FF	PLG	CTGO
USAU		-0.1	0.78	0.79	0.23	-0.09	0.57	-0.06	0.73	0.82	USAU
BGL	-0.1		-0.46	-0.41	0.51	0.47	-0.53	0.67	0.29	-0.3	BGL
TRX	0.78	-0.46		0.93	0.18	-0.3	0.84	-0.24	0.61	0.89	TRX
DC	0.79	-0.41	0.93		0.07	-0.33	0.9	-0.32	0.69	0.97	DC
GLDG	0.23	0.51	0.18	0.07		-0.03	0.07	0.49	0.42	0.09	GLDG
SMID	-0.09	0.47	-0.3	-0.33	-0.03		-0.51	0.72	-0.06	-0.29	SMID
VOXR	0.57	-0.53	0.84	0.9	0.07	-0.51		-0.39	0.54	0.84	VOXR
FF	-0.06	0.67	-0.24	-0.32	0.49	0.72	-0.39		0.09	-0.33	FF
PLG	0.73	0.29	0.61	0.69	0.42	-0.06	0.54	0.09		0.76	PLG
CTGO	0.82	-0.3	0.89	0.97	0.09	-0.29	0.84	-0.33	0.76		CTGO
	USAU	BGL	TRX	DC	GLDG	SMID	VOXR	FF	PLG	CTGO

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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

CTGO	+ 0.97	DC
DC	+ 0.93	TRX
VOXR	+ 0.9	DC
CTGO	+ 0.89	TRX
VOXR	+ 0.84	TRX
CTGO	+ 0.84	VOXR

High negative correlations

VOXR	- 0.53	BGL
VOXR	- 0.51	SMID
TRX	- 0.46	BGL
DC	- 0.41	BGL
FF	- 0.39	VOXR
CTGO	- 0.33	FF

Risk-Adjusted Indicators

There is a big difference between Vista Stock performing well and Vista 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 Vista 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
USAU	3.08	0.17	0.05	0.17	3.51	(3.64)	7.88	(6.01)	22.04
BGL	5.75	(1.87)	0.00	(2.24)	0.00	0.00	12.77	(12.62)	30.41
TRX	4.04	0.60	0.13	0.37	4.23	(5.17)	9.21	(8.47)	37.42
DC	2.87	0.27	0.07	0.23	4.08	(2.93)	4.73	(5.30)	26.64
GLDG	3.36	0.06	0.01	0.11	4.08	(4.09)	9.15	(7.25)	26.87
SMID	2.25	0.00	0.02	0.06	3.05	(2.06)	3.81	(4.27)	13.48
VOXR	2.54	0.09	0.04	0.12	3.14	(2.81)	5.49	(5.45)	15.62
FF	2.15	(0.29)	0.00	(0.29)	0.00	0.00	3.37	(4.98)	25.34
PLG	4.50	(0.24)	0.00	(0.01)	0.00	0.00	8.91	(10.14)	26.91
CTGO	2.55	0.07	0.03	0.10	3.27	(2.50)	5.44	(5.52)	14.02

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