ASA Gold Correlations

ASA Stock  USD 28.45  0.09  0.32%   
The correlation of ASA 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.

ASA Gold Correlation With Market

Average diversification

The correlation between ASA Gold and and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ASA Gold and and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ASA Gold and. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with ASA Stock

  0.79V Visa Class APairCorr
  0.83DB Deutsche Bank AG Normal TradingPairCorr
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  0.67LU Lufax HoldingPairCorr
  0.93LX Lexinfintech HoldingsPairCorr
  0.86XP Xp Inc Normal TradingPairCorr
  0.64DMYY dMY Squared TechnologyPairCorr
  0.76DOMH Dominari HoldingsPairCorr
  0.68GCMGW GCM GrosvenorPairCorr
  0.82DYCQ DT Cloud AcquisitionPairCorr
  0.82VMCA Valuence Merger CorpPairCorr
  0.91EMCGU Embrace Change AcquiPairCorr

Moving against ASA Stock

  0.87LC LendingClub CorpPairCorr
  0.68BX Blackstone Group Normal TradingPairCorr
  0.66DHIL Diamond Hill InvestmentPairCorr
  0.48CG Carlyle GroupPairCorr
  0.42MC MoelisPairCorr
  0.77WT WisdomTreePairCorr
  0.7WD Walker DunlopPairCorr
  0.63RC Ready Capital CorpPairCorr
  0.41PX P10 IncPairCorr
  0.34SF Stifel FinancialPairCorr
  0.9VRTS Virtus InvestmentPairCorr
  0.65LGHLW Lion Financial GroupPairCorr
  0.44ECPG Encore Capital GroupPairCorr
  0.37EARN Ellington ResidentialPairCorr

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   
GFICEF
CEFAU
GFIAU
HMYAU
HMYGFI
HMYCEF
  
High negative correlations   
GLGHMY
GLGGFI
GLGCEF
GLGAU

Risk-Adjusted Indicators

There is a big difference between ASA Stock performing well and ASA 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 ASA 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.

ASA Gold Corporate Management

Jack HuntingtonChief Compliance OfficerProfile
Peter MaletisPresidentProfile
James NashChief Compliance Officer, SecretaryProfile
Zachary TackettCorporate SecretaryProfile