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.
  
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

  0.77V Visa Class APairCorr
  0.74MA MastercardPairCorr
  0.74FDUS Fidus Investment CorpPairCorr
  0.76COF Capital One FinancialPairCorr
  0.71DFS Discover FinancialPairCorr
  0.66GBDC Golub Capital BDCPairCorr
  0.71NMFC New Mountain FinancePairCorr
  0.76NTRS Northern TrustPairCorr
  0.64TSLX Sixth Street SpecialtyPairCorr
  0.69C CitigroupPairCorr
  0.72AC Associated CapitalPairCorr
  0.78BK Bank of New YorkPairCorr

Moving against ASA Stock

  0.7PYPL PayPal HoldingsPairCorr
  0.59AMG Affiliated ManagersPairCorr
  0.47FHI Federated InvestorsPairCorr
  0.34DHIL Diamond Hill InvestmentPairCorr
  0.73LC LendingClub CorpPairCorr
  0.52CM Canadian Imperial BankPairCorr
  0.47EG Everest GroupPairCorr
  0.44IX Orix Corp AdsPairCorr
  0.34BX Blackstone GroupPairCorr

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   
GFIAU
HMYAU
HMYGFI
GFICEF
CEFAU
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