US GoldMining Correlations

USGO Stock

8.81 0.05 0.56%

The current 90-days correlation between US GoldMining Common and Eltek is 0.03 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as US GoldMining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if US GoldMining Common moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Build AI portfolio with USGO Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in US GoldMining Common. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with USGO Stock

0.61	IONR	ioneer American	Pair Corr
0.69	USGOW	US GoldMining Warrant	Pair Corr

Moving against USGO Stock

0.77	SLI	Standard Lithium	Pair Corr
0.74	IPX	IperionX Limited American	Pair Corr
0.73	EMX	EMX Royalty Corp	Pair Corr
0.72	TMC	TMC the metals	Pair Corr
0.71	NAK	Northern Dynasty Minerals	Pair Corr
0.7	CMP	Compass Minerals Int	Pair Corr
0.69	SKE	Skeena Resources	Pair Corr
0.65	GSM	Ferroglobe PLC	Pair Corr
0.6	LZM	Lifezone Metals Downward Rally	Pair Corr
0.58	VALE	Vale SA ADR Earnings Call This Week	Pair Corr
0.54	FURY	Fury Gold Mines	Pair Corr
0.52	BHP	BHP Group Limited	Pair Corr
0.51	MP	MP Materials Corp Trending	Pair Corr
0.49	LAR	Lithium Argentina Symbol Change	Pair Corr
0.44	VZLA	Vizsla Resources Corp	Pair Corr
0.44	ELBM	Electra Battery Materials	Pair Corr
0.76	X	United States Steel	Pair Corr
0.74	TMCWW	TMC the metals	Pair Corr
0.7	ABAT	American Battery Tec	Pair Corr
0.7	USAS	Americas Silver Corp	Pair Corr
0.69	AA	Alcoa Corp	Pair Corr
0.61	TECK	Teck Resources Earnings Call This Week	Pair Corr
0.56	CRML	Critical Metals Corp Trending	Pair Corr
0.51	CRMLW	Critical Metals Corp	Pair Corr
0.49	MTRN	Materion	Pair Corr
0.41	WWR	Westwater Resources	Pair Corr
0.39	WRN	Western Copper	Pair Corr
0.39	B	Barrick Mining Earnings Call This Week	Pair Corr

Related Correlations Analysis

	SAM	ELTK	KLIC	OTLY	CLS	NTGR	TAP	CODA
SAM		-0.52	-0.77	-0.84	-0.92	-0.34	0.92	-0.85	SAM
ELTK	-0.52		0.65	0.53	0.69	0.79	-0.71	0.57	ELTK
KLIC	-0.77	0.65		0.8	0.9	0.62	-0.8	0.81	KLIC
OTLY	-0.84	0.53	0.8		0.86	0.52	-0.85	0.77	OTLY
CLS	-0.92	0.69	0.9	0.86		0.59	-0.91	0.88	CLS
NTGR	-0.34	0.79	0.62	0.52	0.59		-0.55	0.43	NTGR
TAP	0.92	-0.71	-0.8	-0.85	-0.91	-0.55		-0.82	TAP
CODA	-0.85	0.57	0.81	0.77	0.88	0.43	-0.82		CODA
	SAM	ELTK	KLIC	OTLY	CLS	NTGR	TAP	CODA

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

TAP	+ 0.92	SAM
CLS	+ 0.9	KLIC
CODA	+ 0.88	CLS
CLS	+ 0.86	OTLY
CODA	+ 0.81	KLIC
OTLY	+ 0.8	KLIC

High negative correlations

CLS	- 0.92	SAM
TAP	- 0.91	CLS
TAP	- 0.85	OTLY
CODA	- 0.85	SAM
OTLY	- 0.84	SAM
CODA	- 0.82	TAP

Risk-Adjusted Indicators

There is a big difference between USGO Stock performing well and US GoldMining Company 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 GoldMining'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
SAM	1.38	(0.34)	0.00	4.70	0.00	0.00	2.83	(3.00)	7.94
ELTK	1.92	0.38	0.11	14.28	1.96	(2.37)	4.34	(2.93)	13.11
KLIC	1.70	0.32	0.10	(2.14)	1.53	(1.94)	3.88	(2.79)	9.61
OTLY	2.76	0.78	0.22	2.10	2.55	(3.14)	7.53	(4.39)	18.70
CLS	2.31	0.94	0.43	1.04	1.72	(3.01)	5.50	(3.40)	14.13
NTGR	2.02	0.21	0.11	0.32	1.74	(2.64)	5.16	(2.66)	22.43
TAP	0.95	(0.35)	0.00	(0.50)	0.00	0.00	1.39	(2.29)	6.37
CODA	2.52	0.45	0.09	(2.97)	2.96	(2.72)	5.72	(3.39)	20.65

US GoldMining Corporate Executives

Elected by the shareholders, the US GoldMining's board of directors comprises two types of representatives: US GoldMining inside directors who are chosen from within the company, and outside directors, selected externally and held independent of USGO. The board's role is to monitor US GoldMining's management team and ensure that shareholders' interests are well served. US GoldMining's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, US GoldMining's outside directors are responsible for providing unbiased perspectives on the board's policies.

Tyler CA

Secretary CFO

Profile

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