Gold Correlations

USERX Fund

USD 28.94 0.55 1.94%

The current 90-days correlation between Gold And Precious and Abs Insights Emerging is 0.13 (i.e., Average 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Gold Correlation With Market

Significant diversification

The correlation between Gold And Precious and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gold And Precious 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 Gold And Precious. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with Gold Mutual Fund

0.97	UNWPX	World Precious Minerals	Pair Corr
0.88	PSPFX	Global Resources	Pair Corr
0.71	FEGIX	First Eagle Gold	Pair Corr
0.99	FEGOX	First Eagle Gold	Pair Corr
0.69	OPGSX	Oppenheimer Gold Spec	Pair Corr
0.81	OGMCX	Oppenheimer Gold Special	Pair Corr
0.97	FSAGX	Gold Portfolio Gold	Pair Corr
0.99	FRGOX	Franklin Gold Precious	Pair Corr
0.85	SGDLX	Sprott Gold Equity	Pair Corr
0.99	SGDIX	Deutsche Gold Precious	Pair Corr

Related Correlations Analysis

	IEMSX	FFUYUX	OPTCX	HDCAX	LMUSX	ABVCX
IEMSX		0.3	0.37	0.9	0.52	0.59	IEMSX
FFUYUX	0.3		0.44	0.34	0.54	0.29	FFUYUX
OPTCX	0.37	0.44		0.45	0.9	0.82	OPTCX
HDCAX	0.9	0.34	0.45		0.63	0.64	HDCAX
LMUSX	0.52	0.54	0.9	0.63		0.78	LMUSX
ABVCX	0.59	0.29	0.82	0.64	0.78		ABVCX
	IEMSX	FFUYUX	OPTCX	HDCAX	LMUSX	ABVCX

Risk-Adjusted Indicators

There is a big difference between Gold Mutual Fund performing well and Gold Mutual Fund 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
IEMSX	0.60	0.08	0.01	12.64	0.81	(0.60)	1.19	(1.16)	5.00
FFUYUX	1.05	0.03	0.03	0.09	1.43	(1.11)	1.64	(2.54)	6.89
OPTCX	0.17	0.00	(0.24)	0.07	0.10	(0.22)	0.40	(0.30)	0.91
HDCAX	0.48	0.06	(0.01)	(2.86)	0.60	(0.52)	1.01	(1.00)	2.95
LMUSX	0.54	0.01	0.00	0.08	0.77	(0.50)	1.25	(1.38)	3.38
ABVCX	0.53	0.04	(0.03)	0.61	0.66	(0.57)	1.03	(1.12)	2.84

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Gold Correlations

Gold Correlation With Market

Significant diversification

Moving together with Gold Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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