ASA Gold Correlations
ASA Stock | USD 24.41 0.07 0.29% |
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
Significant diversification
The correlation between ASA Gold and and DJI is 0.03 (i.e., Significant 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.
ASA |
Moving together with ASA Stock
0.77 | V | Visa Class A | PairCorr |
0.74 | MA | Mastercard | PairCorr |
0.74 | FDUS | Fidus Investment Corp | PairCorr |
0.76 | COF | Capital One Financial | PairCorr |
0.71 | DFS | Discover Financial | PairCorr |
0.66 | GBDC | Golub Capital BDC | PairCorr |
0.71 | NMFC | New Mountain Finance | PairCorr |
0.76 | NTRS | Northern Trust | PairCorr |
0.64 | TSLX | Sixth Street Specialty | PairCorr |
0.69 | C | Citigroup | PairCorr |
0.72 | AC | Associated Capital | PairCorr |
0.78 | BK | Bank of New York | PairCorr |
Moving against ASA Stock
0.7 | PYPL | PayPal Holdings | PairCorr |
0.59 | AMG | Affiliated Managers | PairCorr |
0.47 | FHI | Federated Investors | PairCorr |
0.34 | DHIL | Diamond Hill Investment | PairCorr |
0.73 | LC | LendingClub Corp | PairCorr |
0.52 | CM | Canadian Imperial Bank | PairCorr |
0.47 | EG | Everest Group | PairCorr |
0.44 | IX | Orix Corp Ads | PairCorr |
0.34 | BX | Blackstone Group | 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
| High negative correlations
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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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
AU | 2.02 | 0.27 | 0.12 | 0.52 | 2.16 | 5.09 | 12.41 | |||
CEF | 0.85 | 0.10 | 0.10 | 3.11 | 1.08 | 1.54 | 4.37 | |||
GFI | 1.87 | 0.29 | 0.16 | 0.70 | 1.76 | 3.78 | 10.28 | |||
HMY | 2.28 | 0.10 | 0.04 | 0.17 | 2.91 | 4.92 | 13.80 | |||
GLG | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
ASA Gold Corporate Management
Jack Huntington | Chief Compliance Officer | Profile | |
Peter Maletis | President | Profile | |
James Nash | Chief Compliance Officer, Secretary | Profile | |
Zachary Tackett | Corporate Secretary | Profile |