USCF Gold Correlations

USG Etf

USD 32.47 0.16 0.50%

The current 90-days correlation between USCF Gold Strategy and MicroSectors Gold 3X is -0.89 (i.e., Pay attention - limited upside). The correlation of USCF 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.

USCF Gold Correlation With Market

Good diversification

The correlation between USCF Gold Strategy and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding USCF Gold Strategy 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 USCF Gold Strategy. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with USCF Etf

0.69	GLD	SPDR Gold Shares	Pair Corr
0.99	IAU	iShares Gold Trust	Pair Corr
0.73	SLV	iShares Silver Trust	Pair Corr
1.0	GLDM	SPDR Gold MiniShares	Pair Corr
0.72	SGOL	abrdn Physical Gold	Pair Corr
0.77	GLTR	abrdn Physical Precious	Pair Corr
0.73	SIVR	abrdn Physical Silver	Pair Corr
0.99	IAUM	iShares Gold Trust	Pair Corr
0.89	SHLD	Global X Funds	Pair Corr
0.85	BUFF	Innovator Laddered	Pair Corr
0.86	XIDE	First Trust Exchange	Pair Corr
0.84	BJAN	Innovator SP 500	Pair Corr
0.73	BXMX	Nuveen SP 500	Pair Corr
0.92	SLQD	iShares 0 5	Pair Corr
0.61	BYLD	iShares Yield Optimized	Pair Corr
0.75	CEMB	iShares JP Morgan	Pair Corr
0.61	LRND	IQ Large Cap	Pair Corr
0.83	DFAI	Dimensional International	Pair Corr
0.83	AOHY	Angel Oak High	Pair Corr
0.94	OOSP	Spinnaker ETF Series	Pair Corr
0.79	HEEM	iShares Currency Hedged	Pair Corr
0.8	HYXF	iShares ESG Advanced	Pair Corr
0.9	EFNL	iShares MSCI Finland Low Volatility	Pair Corr
0.75	DFAX	Dimensional World	Pair Corr
0.87	USHY	iShares Broad USD	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.34	0.54	-0.68	0.78	0.45	-0.1	0.85	-0.78	-0.4	META
MSFT	-0.34		-0.63	0.28	-0.48	0.2	0.71	-0.47	0.59	-0.15	MSFT
UBER	0.54	-0.63		-0.15	0.73	-0.02	-0.49	0.72	-0.74	0.37	UBER
F	-0.68	0.28	-0.15		-0.38	-0.16	0.33	-0.41	0.58	0.77	F
T	0.78	-0.48	0.73	-0.38		0.06	-0.2	0.73	-0.78	0.0	T
A	0.45	0.2	-0.02	-0.16	0.06		0.21	0.53	-0.02	-0.29	A
CRM	-0.1	0.71	-0.49	0.33	-0.2	0.21		-0.25	0.43	-0.06	CRM
JPM	0.85	-0.47	0.72	-0.41	0.73	0.53	-0.25		-0.78	-0.08	JPM
MRK	-0.78	0.59	-0.74	0.58	-0.78	-0.02	0.43	-0.78		0.1	MRK
XOM	-0.4	-0.15	0.37	0.77	0.0	-0.29	-0.06	-0.08	0.1		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

JPM	+ 0.85	META
T	+ 0.78	META
XOM	+ 0.77	F
T	+ 0.73	UBER
JPM	+ 0.73	T
JPM	+ 0.72	UBER

High negative correlations

MRK	- 0.78	JPM
MRK	- 0.78	T
MRK	- 0.78	META
MRK	- 0.74	UBER
F	- 0.68	META
UBER	- 0.63	MSFT

USCF Gold Competition Risk-Adjusted Indicators

There is a big difference between USCF Etf performing well and USCF Gold 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 USCF 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
META	1.30	0.26	0.16	0.64	1.38	(1.36)	3.22	(2.26)	7.11
MSFT	0.99	(0.06)	0.00	(0.23)	0.00	0.00	2.20	(1.90)	10.31
UBER	1.88	0.15	0.05	(2.68)	2.72	(1.87)	4.72	(3.13)	12.29
F	1.35	(0.21)	0.00	(0.27)	0.00	0.00	2.46	(2.90)	10.97
T	0.92	0.24	0.21	0.47	0.95	(1.07)	1.80	(1.75)	7.94
A	1.09	0.08	0.07	0.13	1.03	(1.33)	2.81	(1.91)	6.12
CRM	1.43	(0.07)	0.00	(0.08)	0.00	0.00	3.10	(2.95)	15.92
JPM	0.90	0.08	0.06	0.11	1.21	(0.99)	1.92	(1.51)	6.85
MRK	1.22	(0.07)	0.00	(1.13)	0.00	0.00	2.43	(1.81)	11.57
XOM	0.94	(0.13)	0.00	(0.24)	0.00	0.00	1.76	(2.14)	5.69

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