US Gold Correlations

USAU Stock

USD 9.19 0.20 2.22%

The current 90-days correlation between US Gold Corp and Aurion Resources is 0.23 (i.e., Modest diversification). The correlation of US 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. If the correlation is 0, the equities are not correlated; they are entirely random.

US Gold Correlation With Market

Modest diversification

The correlation between US Gold Corp and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding US Gold Corp 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 Gold Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with USAU Stock

0.79	X	United States Steel	Pair Corr
0.83	MT	ArcelorMittal SA ADR	Pair Corr
0.9	HMY	Harmony Gold Mining	Pair Corr
0.78	IDR	Idaho Strategic Resources Earnings Call This Week	Pair Corr
0.85	GOLD	Barrick Gold Corp	Pair Corr
0.92	SAND	Sandstorm Gold	Pair Corr
0.94	AU	AngloGold Ashanti plc	Pair Corr
0.83	CX	Cemex SAB de	Pair Corr

Moving against USAU Stock

0.83	ZKIN	ZK International	Pair Corr
0.7	VHI	Valhi Inc	Pair Corr
0.6	SIM	Grupo Simec SAB	Pair Corr
0.57	ASTLW	Algoma Steel Group	Pair Corr
0.53	DOW	Dow Inc	Pair Corr
0.5	EGO	Eldorado Gold Corp Sell-off Trend	Pair Corr
0.46	AA	Alcoa Corp	Pair Corr
0.46	WS	Worthington Steel Earnings Call This Week	Pair Corr
0.4	ERO	Ero Copper Corp	Pair Corr
0.66	IE	Ivanhoe Electric	Pair Corr
0.65	EU	enCore Energy Corp	Pair Corr
0.63	ASTL	Algoma Steel Group	Pair Corr
0.63	FF	FutureFuel Corp Downward Rally	Pair Corr
0.63	TT	Trane Technologies plc	Pair Corr
0.51	CF	CF Industries Holdings Earnings Call Today	Pair Corr
0.47	CE	Celanese	Pair Corr
0.38	CTGO	Contango ORE	Pair Corr
0.36	CC	Chemours	Pair Corr

Related Correlations Analysis

	NKOSF	AIRRF	PUMXF	GLNS	SICNF	DC	PZG	VGZ	AAU
NKOSF		0.61	0.37	-0.73	0.43	0.78	0.26	0.66	0.0	NKOSF
AIRRF	0.61		0.09	-0.74	0.17	0.76	0.03	0.45	0.0	AIRRF
PUMXF	0.37	0.09		-0.12	0.32	0.11	0.45	0.2	0.0	PUMXF
GLNS	-0.73	-0.74	-0.12		-0.38	-0.95	0.02	-0.76	0.0	GLNS
SICNF	0.43	0.17	0.32	-0.38		0.44	0.41	0.5	0.0	SICNF
DC	0.78	0.76	0.11	-0.95	0.44		0.05	0.71	0.0	DC
PZG	0.26	0.03	0.45	0.02	0.41	0.05		0.28	0.0	PZG
VGZ	0.66	0.45	0.2	-0.76	0.5	0.71	0.28		0.0	VGZ
AAU	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		AAU
	NKOSF	AIRRF	PUMXF	GLNS	SICNF	DC	PZG	VGZ	AAU

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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

DC	+ 0.78	NKOSF
DC	+ 0.76	AIRRF
VGZ	+ 0.71	DC
VGZ	+ 0.66	NKOSF
AIRRF	+ 0.61	NKOSF
VGZ	+ 0.5	SICNF

High negative correlations

DC	- 0.95	GLNS
VGZ	- 0.76	GLNS
GLNS	- 0.74	AIRRF
GLNS	- 0.73	NKOSF
SICNF	- 0.38	GLNS
GLNS	- 0.12	PUMXF

Risk-Adjusted Indicators

There is a big difference between USAU Stock performing well and US 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 US 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
NKOSF	5.48	0.89	0.10	0.44	6.57	(6.56)	12.50	(12.00)	38.52
AIRRF	2.27	0.16	0.07	0.67	2.38	(3.90)	6.25	(4.55)	19.75
PUMXF	3.51	0.11	0.01	0.00	5.73	(14.49)	16.67	(16.67)	36.67
GLNS	1.04	(0.52)	0.00	(4.20)	0.00	0.00	0.00	0.00	34.78
SICNF	8.68	0.98	0.10	(5.08)	9.25	(12.47)	23.93	(14.63)	60.37
DC	2.63	0.68	0.24	1.01	2.41	(3.13)	6.35	(5.99)	29.48
PZG	3.12	0.21	0.05	0.33	3.49	(4.46)	5.71	(5.71)	20.63
VGZ	2.69	0.41	0.14	1.07	2.56	(3.80)	7.81	(3.64)	18.22
AAU	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

US Gold Corporate Management

Sc MSc	VP Services	Profile
Eric Alexander	Principal CFO	Profile
Ken Coleman	Chief Geologist	Profile
Hon Zinke	Independent Consultant	Profile

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