Feeder Cattle Correlations

GFUSX Commodity

327.83 3.83 1.18%

The current 90-days correlation between Feeder Cattle Futures and Copper is 0.13 (i.e., Average diversification). The correlation of Feeder Cattle 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.

Feeder Cattle Correlation With Market

Modest diversification

The correlation between Feeder Cattle Futures and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Feeder Cattle Futures and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Feeder Cattle could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Feeder Cattle when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Feeder Cattle - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Feeder Cattle Futures to buy it.

Moving together with Feeder Commodity

0.91	NVDA	NVIDIA Aggressive Push	Pair Corr
0.87	MSFT	Microsoft Aggressive Push	Pair Corr
0.89	AMZN	Amazon Inc Aggressive Push	Pair Corr
0.87	GOOG	Alphabet Class C Aggressive Push	Pair Corr
0.84	META	Meta Platforms	Pair Corr
0.88	AVGO	Broadcom Aggressive Push	Pair Corr
0.62	LTRY	Lottery, Common Stock	Pair Corr
0.73	GITS	Global Interactive Symbol Change	Pair Corr
0.88	BUFD	FT Cboe Vest	Pair Corr
0.79	KGRN	KraneShares MSCI China	Pair Corr
0.68	VBF	Invesco Van Kampen	Pair Corr
0.84	VABS	Virtus Newfleet ABSMBS	Pair Corr
0.72	HIDE	Alpha Architect High	Pair Corr
0.64	EUSB	iShares Trust	Pair Corr
0.83	SIVIX	State Street Institu	Pair Corr
0.8	TEQAX	Touchstone Sustainability	Pair Corr
0.84	IAF	Aberdeen Australia	Pair Corr

Related Correlations Analysis

	HGUSD	GCUSD	ZMUSD	KCUSX	SBUSX	ZNUSD	NQUSD	ZOUSX	KEUSX	GFUSX
HGUSD		0.27	-0.78	-0.82	-0.54	0.16	0.66	0.27	-0.18	0.81	HGUSD
GCUSD	0.27		0.02	-0.31	-0.43	0.2	0.07	0.51	0.43	0.23	GCUSD
ZMUSD	-0.78	0.02		0.68	0.44	0.03	-0.73	-0.19	0.5	-0.8	ZMUSD
KCUSX	-0.82	-0.31	0.68		0.81	-0.18	-0.83	-0.43	0.0	-0.78	KCUSX
SBUSX	-0.54	-0.43	0.44	0.81		-0.24	-0.76	-0.46	-0.16	-0.65	SBUSX
ZNUSD	0.16	0.2	0.03	-0.18	-0.24		-0.05	-0.08	0.25	-0.09	ZNUSD
NQUSD	0.66	0.07	-0.73	-0.83	-0.76	-0.05		0.39	-0.28	0.87	NQUSD
ZOUSX	0.27	0.51	-0.19	-0.43	-0.46	-0.08	0.39		0.12	0.39	ZOUSX
KEUSX	-0.18	0.43	0.5	0.0	-0.16	0.25	-0.28	0.12		-0.3	KEUSX
GFUSX	0.81	0.23	-0.8	-0.78	-0.65	-0.09	0.87	0.39	-0.3		GFUSX
	HGUSD	GCUSD	ZMUSD	KCUSX	SBUSX	ZNUSD	NQUSD	ZOUSX	KEUSX	GFUSX

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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

GFUSX	+ 0.87	NQUSD
GFUSX	+ 0.81	HGUSD
SBUSX	+ 0.81	KCUSX
KCUSX	+ 0.68	ZMUSD
NQUSD	+ 0.66	HGUSD
ZOUSX	+ 0.51	GCUSD

High negative correlations

NQUSD	- 0.83	KCUSX
KCUSX	- 0.82	HGUSD
GFUSX	- 0.8	ZMUSD
GFUSX	- 0.78	KCUSX
ZMUSD	- 0.78	HGUSD
NQUSD	- 0.76	SBUSX

Risk-Adjusted Indicators

There is a big difference between Feeder Commodity performing well and Feeder Cattle Commodity 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 Feeder Cattle'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
HGUSD	1.36	0.30	0.08	(2.47)	1.44	(1.57)	3.17	(2.14)	17.77
GCUSD	1.02	(0.03)	(0.10)	(0.05)	1.40	(1.06)	2.15	(2.53)	6.49
ZMUSD	0.67	(0.07)	0.00	0.76	0.00	0.00	1.50	(1.52)	3.70
KCUSX	1.71	(0.26)	0.00	4.03	0.00	0.00	3.65	(3.82)	8.85
SBUSX	1.22	(0.06)	0.00	2.47	0.00	0.00	2.47	(2.10)	6.95
ZNUSD	0.25	(0.01)	(0.39)	(0.40)	0.33	(0.26)	0.44	(0.63)	1.40
NQUSD	0.73	0.42	0.37	(2.49)	0.00	(0.88)	2.42	(0.96)	5.39
ZOUSX	1.30	(0.04)	(0.08)	(0.05)	1.79	(1.34)	2.78	(2.45)	10.44
KEUSX	1.21	(0.14)	0.00	(1.07)	0.00	0.00	2.58	(2.22)	6.97
GFUSX	0.67	0.16	0.05	0.90	0.74	(0.69)	1.52	(1.55)	3.95

View Feeder Cattle Related Equities

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