DB Gold Correlations

DGP Etf

USD 101.80 0.09 0.09%

The current 90-days correlation between DB Gold Double and MicroSectors Gold 3X is -0.98 (i.e., Pay attention - limited upside). The correlation of DB 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.

DB Gold Correlation With Market

Good diversification

The correlation between DB Gold Double and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DB Gold Double and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with DGP Etf

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DB Gold Double. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with DGP Etf

0.83	UGL	ProShares Ultra Gold	Pair Corr
0.71	GDXU	MicroSectors Gold Miners	Pair Corr
0.78	SHNY	Microsectors Gold	Pair Corr
0.66	VEA	Vanguard FTSE Developed	Pair Corr
0.66	EFA	iShares MSCI EAFE	Pair Corr
0.73	GMOM	Cambria Global Momentum	Pair Corr
0.64	EPP	iShares MSCI Pacific	Pair Corr
0.76	SGDJ	Sprott Junior Gold	Pair Corr
0.66	INOV	Innovator ETFs Trust	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.95	0.83	0.84	0.71	0.91	0.48	0.92	-0.05	0.46	META
MSFT	0.95		0.89	0.85	0.7	0.89	0.58	0.96	-0.1	0.41	MSFT
UBER	0.83	0.89		0.91	0.64	0.76	0.73	0.89	-0.2	0.34	UBER
F	0.84	0.85	0.91		0.68	0.82	0.6	0.88	0.02	0.52	F
T	0.71	0.7	0.64	0.68		0.73	0.32	0.72	0.28	0.47	T
A	0.91	0.89	0.76	0.82	0.73		0.49	0.9	0.18	0.65	A
CRM	0.48	0.58	0.73	0.6	0.32	0.49		0.57	-0.2	0.16	CRM
JPM	0.92	0.96	0.89	0.88	0.72	0.9	0.57		-0.04	0.51	JPM
MRK	-0.05	-0.1	-0.2	0.02	0.28	0.18	-0.2	-0.04		0.44	MRK
XOM	0.46	0.41	0.34	0.52	0.47	0.65	0.16	0.51	0.44		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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	+ 0.96	MSFT
MSFT	+ 0.95	META
JPM	+ 0.92	META
A	+ 0.91	META
F	+ 0.91	UBER
JPM	+ 0.9	A

High negative correlations

MRK	- 0.2	CRM
MRK	- 0.2	UBER
MRK	- 0.1	MSFT
MRK	- 0.05	META
MRK	- 0.04	JPM

DB Gold Competition Risk-Adjusted Indicators

There is a big difference between DGP Etf performing well and DB 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 DB 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	2.03	0.35	0.10	(14.73)	2.34	(2.36)	4.23	(3.68)	21.50
MSFT	1.18	0.34	0.23	0.42	0.95	(1.36)	2.40	(2.36)	13.79
UBER	2.01	0.47	0.16	(2.69)	2.20	(2.41)	5.87	(3.48)	16.18
F	1.71	0.29	0.08	(1.18)	2.23	(1.80)	3.70	(3.74)	13.07
T	1.16	0.00	(0.02)	0.08	1.84	(1.10)	2.36	(2.62)	8.47
A	1.74	(0.01)	0.01	0.07	2.45	(1.74)	2.76	(4.15)	14.46
CRM	1.59	(0.06)	(0.02)	0.03	2.23	(1.58)	3.01	(3.64)	13.13
JPM	1.32	0.16	0.07	0.22	2.07	(1.31)	2.75	(3.09)	11.14
MRK	1.53	(0.12)	0.00	(0.09)	0.00	0.00	3.35	(4.58)	10.58
XOM	1.46	(0.09)	0.00	(0.04)	0.00	0.00	2.77	(3.04)	10.53

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC