USCF Gold Correlations

USG Etf

USD 33.51 0.12 0.36%

The current 90-days correlation between USCF Gold Strategy and MicroSectors Gold 3X is -0.91 (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.

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

0.67	GLD	SPDR Gold Shares	Pair Corr
0.67	IAU	iShares Gold Trust	Pair Corr
0.72	SLV	iShares Silver Trust	Pair Corr
0.67	GLDM	SPDR Gold MiniShares	Pair Corr
0.67	SGOL	abrdn Physical Gold	Pair Corr
0.68	GLTR	abrdn Physical Precious	Pair Corr
0.72	SIVR	abrdn Physical Silver	Pair Corr
0.67	IAUM	iShares Gold Trust	Pair Corr
0.67	T	ATT Inc Earnings Call Tomorrow	Pair Corr
0.65	JNJ	Johnson Johnson	Pair Corr
0.69	VZ	Verizon Communications	Pair Corr

Moving against USCF Etf

0.6	USD	ProShares Ultra Semi	Pair Corr
0.51	USO	United States Oil	Pair Corr
0.5	TECL	Direxion Daily Technology	Pair Corr
0.43	FNGO	MicroSectors FANG Index	Pair Corr
0.41	FNGU	MicroSectors FANG Index Symbol Change	Pair Corr
0.4	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.38	NAIL	Direxion Daily Homeb	Pair Corr
0.38	SPXL	Direxion Daily SP500	Pair Corr
0.38	UPRO	ProShares UltraPro SP500	Pair Corr
0.49	AXP	American Express	Pair Corr
0.46	CAT	Caterpillar	Pair Corr
0.43	AA	Alcoa Corp	Pair Corr
0.43	HPQ	HP Inc	Pair Corr
0.39	MRK	Merck Company	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.04	0.59	-0.54	0.32	0.42	0.26	0.9	-0.75	-0.01	META
MSFT	-0.04		-0.62	0.09	-0.79	0.69	0.89	0.1	0.44	-0.52	MSFT
UBER	0.59	-0.62		-0.35	0.8	-0.25	-0.53	0.53	-0.85	0.54	UBER
F	-0.54	0.09	-0.35		-0.05	-0.04	-0.08	-0.39	0.56	0.31	F
T	0.32	-0.79	0.8	-0.05		-0.57	-0.71	0.17	-0.65	0.58	T
A	0.42	0.69	-0.25	-0.04	-0.57		0.79	0.62	0.1	-0.3	A
CRM	0.26	0.89	-0.53	-0.08	-0.71	0.79		0.33	0.24	-0.58	CRM
JPM	0.9	0.1	0.53	-0.39	0.17	0.62	0.33		-0.63	0.07	JPM
MRK	-0.75	0.44	-0.85	0.56	-0.65	0.1	0.24	-0.63		-0.31	MRK
XOM	-0.01	-0.52	0.54	0.31	0.58	-0.3	-0.58	0.07	-0.31		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	+ 0.9	META
CRM	+ 0.89	MSFT
T	+ 0.8	UBER
CRM	+ 0.79	A
A	+ 0.69	MSFT
JPM	+ 0.62	A

High negative correlations

MRK	- 0.85	UBER
T	- 0.79	MSFT
MRK	- 0.75	META
CRM	- 0.71	T
MRK	- 0.65	T
MRK	- 0.63	JPM

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	1.59	0.02	0.00	(0.05)	0.00	0.00	2.57	(3.73)	8.90
MSFT	1.12	(0.15)	0.00	(0.28)	0.00	0.00	2.58	(2.14)	10.31
UBER	1.88	0.41	0.19	0.74	2.06	(2.04)	4.72	(3.13)	12.75
F	1.47	0.07	0.03	0.00	2.22	(1.39)	2.71	(2.89)	10.14
T	1.04	0.26	0.16	0.40	1.61	(1.11)	1.90	(1.75)	11.66
A	1.15	(0.15)	0.00	(0.23)	0.00	0.00	2.92	(2.59)	9.03
CRM	1.38	(0.27)	0.00	(0.31)	0.00	0.00	2.72	(3.81)	8.88
JPM	1.10	0.09	0.05	0.02	1.74	(1.04)	1.99	(3.35)	6.85
MRK	1.17	(0.11)	0.00	1.52	0.00	0.00	2.07	(1.80)	11.58
XOM	1.06	0.11	0.10	0.17	1.39	(1.08)	2.55	(2.36)	5.89

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USCF Gold Correlations

Moving together with USCF Etf

Moving against USCF Etf

Related Correlations Analysis

Correlation Matchups

USCF Gold Competition Risk-Adjusted Indicators

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