US Global Correlations

SEA Etf

USD 12.92 0.12 0.92%

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.

US Global Correlation With Market

Good diversification

The correlation between US Global Sea and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding US Global Sea 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 US Global Sea. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving against SEA Etf

0.52	HUM	Humana Inc	Pair Corr
0.47	ITA	iShares Aerospace Defense Low Volatility	Pair Corr
0.46	LUX	Tema ETF Trust	Pair Corr
0.38	XLI	Industrial Select Sector	Pair Corr
0.37	PPA	Invesco Aerospace Defense	Pair Corr
0.32	IYJ	iShares Industrials ETF	Pair Corr
0.54	MMM	3M Company	Pair Corr
0.44	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.32	AXP	American Express	Pair Corr
0.31	CSCO	Cisco Systems	Pair Corr

Related Correlations Analysis

	NM	SLX	DSX	EGLE	GNK
NM		0.0	0.0	0.0	0.0	NM
SLX	0.0		-0.32	0.0	0.5	SLX
DSX	0.0	-0.32		0.0	0.05	DSX
EGLE	0.0	0.0	0.0		0.0	EGLE
GNK	0.0	0.5	0.05	0.0		GNK
	NM	SLX	DSX	EGLE	GNK

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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

GNK	+ 0.5	SLX
GNK	+ 0.05	DSX
SLX	+ 0.0	NM
DSX	+ 0.0	NM
EGLE	+ 0.0	NM
GNK	+ 0.0	NM

High negative correlations

DSX	- 0.32	SLX
GNK	- 0.0	EGLE
EGLE	- 0.0	DSX
EGLE	- 0.0	SLX
GNK	- 0.0	NM
EGLE	- 0.0	NM

US Global Constituents Risk-Adjusted Indicators

There is a big difference between SEA Etf performing well and US Global ETF 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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
NM	0.00	0.00	0.00	0.00	0.00	0.00
SLX	1.11	0.02	(0.05)	2.54	(2.52)	6.81
DSX	1.44	(0.01)	(0.12)	3.21	(3.24)	10.12
EGLE	0.00	0.00	0.00	0.00	0.00	0.00
GNK	1.39	(0.06)	(0.19)	3.13	(2.66)	8.37

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