Us Global Correlations
| USLUX Fund | USD 19.81 0.06 0.30% |
The current 90-days correlation between Us Global Investors and Pgim Conservative Retirement is 0.64 (i.e., Poor diversification). 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Us Global Correlation With Market
Weak diversification
The correlation between Us Global Investors and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Us Global Investors and DJI in the same portfolio, assuming nothing else is changed.
USLUX |
Moving together with USLUX Mutual Fund
| 0.61 | IP | International Paper | PairCorr |
| 0.86 | VIRC | Virco Manufacturing | PairCorr |
| 0.65 | WPRT | Westport Fuel Systems Earnings Call Today | PairCorr |
| 0.64 | GEF | Greif Bros | PairCorr |
| 0.79 | KRT | Karat Packaging | PairCorr |
Related Correlations Analysis
| 0.98 | 0.95 | 0.96 | 0.9 | 0.96 | PGFCX | ||
| 0.98 | 0.95 | 0.99 | 0.92 | 0.93 | FLMTX | ||
| 0.95 | 0.95 | 0.96 | 0.96 | 0.87 | MRMTX | ||
| 0.96 | 0.99 | 0.96 | 0.95 | 0.9 | TPILX | ||
| 0.9 | 0.92 | 0.96 | 0.95 | 0.8 | ATTIX | ||
| 0.96 | 0.93 | 0.87 | 0.9 | 0.8 | RRPPX | ||
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Risk-Adjusted Indicators
There is a big difference between USLUX Mutual Fund performing well and Us Global 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 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 | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PGFCX | 0.29 | 0.01 | 0.13 | (0.03) | 0.39 | 0.67 | 1.75 | |||
| FLMTX | 0.31 | 0.01 | 0.00 | (0.03) | 0.00 | 0.57 | 1.72 | |||
| MRMTX | 0.33 | (0.01) | 0.00 | (0.10) | 0.00 | 0.68 | 2.47 | |||
| TPILX | 0.31 | 0.01 | 0.00 | (0.05) | 0.00 | 0.61 | 1.77 | |||
| ATTIX | 0.33 | (0.01) | 0.00 | (0.10) | 0.00 | 0.63 | 1.93 | |||
| RRPPX | 0.36 | 0.04 | 0.15 | 0.04 | 0.45 | 0.63 | 1.97 |