US Global Correlations

GROW Stock

USD 2.32 0.05 2.20%

The correlation of US Global 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.

US Global Correlation With Market

Weak diversification

The correlation between US Global Investors and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding US Global Investors and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in US Global Investors. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with GROW Stock

0.91	ECPG	Encore Capital Group	Pair Corr
0.88	AXP	American Express	Pair Corr
0.64	CNF	CNFinance Holdings	Pair Corr
0.69	COF	Capital One Financial	Pair Corr
0.72	DFS	Discover Financial	Pair Corr
0.87	SYF	Synchrony Financial	Pair Corr
0.66	PYPL	PayPal Holdings	Pair Corr
0.64	ALLY	Ally Financial	Pair Corr
0.79	SOFI	SoFi Technologies	Pair Corr
0.7	UPST	Upstart Holdings	Pair Corr
0.72	AX	Axos Financial	Pair Corr
0.87	BN	Brookfield Corp	Pair Corr
0.79	BX	Blackstone Group	Pair Corr
0.79	BY	Byline Bancorp	Pair Corr
0.84	CG	Carlyle Group	Pair Corr
0.83	CM	Canadian Imperial Bank	Pair Corr

Moving against GROW Stock

0.81	RENEW	Cartesian Growth	Pair Corr
0.32	L	Loews Corp	Pair Corr
0.81	CB	Chubb	Pair Corr
0.78	HG	Hamilton Insurance Group,	Pair Corr
0.76	DB	Deutsche Bank AG	Pair Corr
0.68	LU	Lufax Holding	Pair Corr
0.6	LX	Lexinfintech Holdings	Pair Corr
0.39	GL	Globe Life	Pair Corr

Related Correlations Analysis

	GAIN	PFLT	HRZN	SCM	PSEC	IHTA	VPV	VTN	VKI	FINS
GAIN		0.75	0.8	0.83	0.69	0.0	0.64	0.65	0.75	0.7	GAIN
PFLT	0.75		0.84	0.85	0.75	0.0	0.45	0.32	0.61	0.84	PFLT
HRZN	0.8	0.84		0.93	0.66	0.0	0.49	0.4	0.69	0.76	HRZN
SCM	0.83	0.85	0.93		0.68	0.0	0.51	0.39	0.78	0.77	SCM
PSEC	0.69	0.75	0.66	0.68		0.0	0.66	0.5	0.68	0.55	PSEC
IHTA	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	IHTA
VPV	0.64	0.45	0.49	0.51	0.66	0.0		0.89	0.79	0.44	VPV
VTN	0.65	0.32	0.4	0.39	0.5	0.0	0.89		0.65	0.28	VTN
VKI	0.75	0.61	0.69	0.78	0.68	0.0	0.79	0.65		0.64	VKI
FINS	0.7	0.84	0.76	0.77	0.55	0.0	0.44	0.28	0.64		FINS
	GAIN	PFLT	HRZN	SCM	PSEC	IHTA	VPV	VTN	VKI	FINS

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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

SCM	+ 0.93	HRZN
VTN	+ 0.89	VPV
SCM	+ 0.85	PFLT
HRZN	+ 0.84	PFLT
FINS	+ 0.84	PFLT
SCM	+ 0.83	GAIN

High negative correlations

FINS	- 0.0	IHTA
VKI	- 0.0	IHTA
VTN	- 0.0	IHTA
VPV	- 0.0	IHTA
IHTA	- 0.0	PSEC
IHTA	- 0.0	SCM

Risk-Adjusted Indicators

There is a big difference between GROW Stock performing well and US Global 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 US Global'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
GAIN	0.98	0.06	0.07	0.03	1.08	(1.14)	2.21	(1.81)	6.57
PFLT	0.66	0.10	0.15	0.15	0.81	(0.70)	1.45	(1.28)	4.56
HRZN	1.08	0.08	0.05	0.50	2.34	(1.07)	1.99	(1.27)	12.67
SCM	0.87	0.10	0.06	0.27	1.89	(0.79)	1.51	(1.23)	10.22
PSEC	0.84	(0.03)	0.00	(0.14)	0.00	0.00	2.09	(1.64)	6.62
IHTA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VPV	0.45	(0.04)	0.00	(0.26)	0.00	0.00	0.89	(0.99)	2.07
VTN	0.53	(0.01)	0.00	(0.13)	0.00	0.00	1.25	(1.05)	3.88
VKI	0.54	(0.03)	0.00	(0.25)	0.00	0.00	1.18	(1.03)	2.92
FINS	0.44	0.08	0.19	0.21	0.52	(0.50)	0.97	(1.12)	2.67

US Global Corporate Management

Michael Matousek	Head Trader	Profile
Holly Schoenfeldt	Public Leader	Profile
Joanna Sawicka	Portfolio Manager	Profile
CFA CFA	Mining Mang	Profile
Lisa CPA	Chief Officer	Profile
Ralph CFA	Senior Manager	Profile

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