Precious Metals Correlations

USAGX Fund

USD 24.07 0.34 1.39%

The current 90-days correlation between Precious Metals And and Emerging Markets Fund is 0.52 (i.e., Very weak diversification). The correlation of Precious Metals 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.

Precious Metals Correlation With Market

Significant diversification

The correlation between Precious Metals And and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Precious Metals And 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 Precious Metals And. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Precious Mutual Fund

0.69	UINCX	Income Fund Income	Pair Corr
0.74	UITBX	Intermediate Term Bond	Pair Corr
0.71	UITCX	Usaa Intermediate Term	Pair Corr
0.71	UITIX	Usaa Tax Exempt	Pair Corr
0.8	IPFIX	Victory Incore	Pair Corr
0.85	RSDYX	Victory Incore Low	Pair Corr
0.88	RSENX	Victory Sophus Emerging	Pair Corr
0.74	RSFYX	Victory Floating Rate	Pair Corr
0.67	RSFCX	Victory Floating Rate	Pair Corr
0.7	RSFMX	Victory Floating Rate	Pair Corr
0.72	RSFLX	Victory Floating Rate	Pair Corr
0.91	RSIGX	Victory Rs International	Pair Corr

Moving against Precious Mutual Fund

0.62	RSEGX	Victory Rs Small	Pair Corr
0.41	RSGFX	Victory Rs Select	Pair Corr
0.4	RSDGX	Victory Rs Select	Pair Corr
0.33	SSGSX	Victory Sycamore Small Potential Growth	Pair Corr
0.62	RSYEX	Victory Rs Small	Pair Corr
0.56	RSMMX	Victory Rs Small	Pair Corr
0.42	RSGRX	Victory Rs Growth	Pair Corr
0.4	RSSYX	Victory Rs Select	Pair Corr
0.37	RSNYX	Victory Global Natural	Pair Corr
0.34	RSMOX	Victory Rs Mid	Pair Corr
0.34	RSNRX	Victory Global Natural	Pair Corr
0.33	VSCVX	Victory Integrity Small	Pair Corr
0.33	VSVIX	Victory Integrity Small	Pair Corr
0.32	RSIFX	Victory Rs Science	Pair Corr

Related Correlations Analysis

	USEMX	USIFX	USCGX	USHYX	USSCX
USEMX		0.81	0.25	0.76	-0.02	USEMX
USIFX	0.81		0.18	0.9	-0.39	USIFX
USCGX	0.25	0.18		0.16	0.47	USCGX
USHYX	0.76	0.9	0.16		-0.21	USHYX
USSCX	-0.02	-0.39	0.47	-0.21		USSCX
	USEMX	USIFX	USCGX	USHYX	USSCX

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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

USHYX	+ 0.9	USIFX
USIFX	+ 0.81	USEMX
USHYX	+ 0.76	USEMX
USSCX	+ 0.47	USCGX
USCGX	+ 0.25	USEMX
USCGX	+ 0.18	USIFX

High negative correlations

USSCX	- 0.39	USIFX
USSCX	- 0.21	USHYX
USSCX	- 0.02	USEMX

Risk-Adjusted Indicators

There is a big difference between Precious Mutual Fund performing well and Precious Metals Mutual Fund 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 Precious Metals' 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
USEMX	0.72	0.01	0.11	(0.31)	1.00	(0.70)	1.32	(1.71)	5.75
USIFX	0.64	0.12	0.17	0.09	0.80	(0.69)	1.27	(1.49)	5.12
USCGX	0.78	(0.21)	0.00	(0.80)	0.00	0.00	0.94	(1.58)	10.22
USHYX	0.11	0.00	0.41	(0.08)	0.14	(0.19)	0.29	(0.29)	1.03
USSCX	1.35	(0.30)	0.00	0.91	0.00	0.00	2.09	(3.91)	7.31

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