Gold And Correlations

Mutual Funds . USA . 
Fund . Gold And Precious
USERX Fund  USD 17.58  0.22  1.24%   
The current 90-days correlation between Gold And Precious and Artisan High Income is -0.3 (i.e., Very good diversification). The correlation of Gold And 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.

Gold And Correlation With Market

Good diversification

The correlation between Gold And Precious 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 Gold And Precious 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 Gold And Precious. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Gold Mutual Fund

  0.95UNWPX World Precious MineralsPairCorr
  0.8NEARX Near Term TaxPairCorr
  0.86PSPFX Global ResourcesPairCorr
  0.92SGGDX First Eagle GoldPairCorr
  0.84FEGIX First Eagle GoldPairCorr
  0.92FEGOX First Eagle GoldPairCorr
  0.96OPGSX Oppenheimer Gold SpecPairCorr
  0.87OGMCX Oppenheimer Gold SpecialPairCorr
  0.87FSAGX Gold Portfolio GoldPairCorr
  0.87FIJDX Gold Portfolio FidelityPairCorr
  0.81PMPSX Precious Metals UltrPairCorr
  0.81PMPIX Precious Metals UltrPairCorr
  0.87MIDSX Midas Fund MidasPairCorr
  0.92FGPMX Franklin Gold AndPairCorr
  0.92FKRCX Franklin Gold PreciousPairCorr
  0.98FRGOX Franklin Gold PreciousPairCorr
  0.65JFFYX Jpmorgan SmartretirementPairCorr
  0.67GGCCX Gabelli GrowthPairCorr
  0.7VCMDX Vanguard CommodityPairCorr
  0.69FAQTX American Funds 2035PairCorr
  0.65VFINX Vanguard 500 IndexPairCorr
  0.7ROGSX Red Oak TechnologyPairCorr
  0.66CNPCX New PerspectivePairCorr
  0.65ROFCX Royce OpportunityPairCorr
  0.73PYSIX Payden Strategic IncomePairCorr
  0.69QMLAX Quantified Market LeadersPairCorr
  0.74PSHAX Short Term FundPairCorr
  0.74SITEX Sit Emerging MarketsPairCorr
  0.65VFIAX Vanguard 500 IndexPairCorr
  0.62GVALX Gotham Large ValuePairCorr
  0.72FPHAX Pharmaceuticals PortfolioPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Gold Mutual Fund performing well and Gold And 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 Gold And'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.

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