Blue Gold Correlations

BGL Stock

2.18 0.05 2.24%

The current 90-days correlation between Blue Gold Limited and US Gold Corp is 0.25 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Blue Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Blue Gold Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Blue Gold Correlation With Market

Excellent diversification

The correlation between Blue Gold Limited and DJI is -0.56 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blue Gold Limited and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Blue Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Blue Gold Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving against Blue Stock

0.62	AA	Alcoa Corp	Pair Corr
0.58	AP	Ampco Pittsburgh	Pair Corr
0.51	WIA	WIA Gold	Pair Corr
0.44	B	Barrick Mining Symbol Change	Pair Corr
0.43	RS	Reliance Steel Aluminum	Pair Corr
0.42	BP60	ALMA METALS LTD	Pair Corr
0.41	MT	ArcelorMittal SA ADR	Pair Corr
0.36	AU	AngloGold Ashanti plc Sell-off Trend	Pair Corr
0.35	WA1	WA1 Resources	Pair Corr
0.34	AG	First Majestic Silver Trending	Pair Corr
0.34	SRM	Seabridge Gold	Pair Corr
0.31	OR	Osisko Gold Ro	Pair Corr
0.55	CUU	Copper Fox Metals	Pair Corr
0.41	WS	Worthington Steel	Pair Corr
0.39	VALE	Vale SA ADR Aggressive Push	Pair Corr
0.38	TX	Ternium SA ADR	Pair Corr
0.34	ARI	Arika Resources	Pair Corr
0.33	AML	Abcourt Mines	Pair Corr
0.56	DHR	Discovery Harbour	Pair Corr
0.55	H6F	ARIZONA SONORAN PER	Pair Corr
0.41	WPM	Wheaton Precious Metals	Pair Corr
0.39	GUG	Gungnir Resources	Pair Corr
0.36	UJ0	WEST RED LAKE	Pair Corr
0.35	ELY	Ely Gold Royalties	Pair Corr
0.32	FEX	FENIX Resources	Pair Corr

Related Correlations Analysis

	USAU	VGZ	DC	VOXR	TRX	CTGO	NAMM	GLDG	SMID	PLG
USAU		0.25	0.68	0.27	0.05	0.75	0.04	0.37	0.51	0.75	USAU
VGZ	0.25		0.73	0.71	0.86	0.68	0.73	0.73	0.18	0.53	VGZ
DC	0.68	0.73		0.74	0.6	0.93	0.46	0.58	0.52	0.78	DC
VOXR	0.27	0.71	0.74		0.68	0.69	0.5	0.47	0.14	0.59	VOXR
TRX	0.05	0.86	0.6	0.68		0.48	0.8	0.59	0.06	0.32	TRX
CTGO	0.75	0.68	0.93	0.69	0.48		0.43	0.65	0.57	0.87	CTGO
NAMM	0.04	0.73	0.46	0.5	0.8	0.43		0.8	0.13	0.43	NAMM
GLDG	0.37	0.73	0.58	0.47	0.59	0.65	0.8		0.28	0.7	GLDG
SMID	0.51	0.18	0.52	0.14	0.06	0.57	0.13	0.28		0.54	SMID
PLG	0.75	0.53	0.78	0.59	0.32	0.87	0.43	0.7	0.54		PLG
	USAU	VGZ	DC	VOXR	TRX	CTGO	NAMM	GLDG	SMID	PLG

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Risk-Adjusted Indicators

There is a big difference between Blue Stock performing well and Blue Gold 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 Blue 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
USAU	3.52	0.21	0.05	0.28	4.29	(3.96)	7.02	(7.25)	24.87
VGZ	5.17	0.82	0.13	0.57	5.87	(6.15)	14.65	(8.12)	33.87
DC	3.58	0.70	0.16	0.53	4.21	(4.11)	9.29	(6.90)	31.14
VOXR	2.80	0.59	0.13	(1.26)	3.03	(3.34)	5.90	(5.42)	16.81
TRX	5.05	1.76	0.26	0.98	5.74	(6.10)	12.95	(8.96)	52.20
CTGO	3.02	0.36	0.07	0.48	4.42	(2.87)	6.27	(7.46)	19.02
NAMM	11.40	2.37	0.28	0.51	8.70	(19.04)	35.88	(14.54)	165.48
GLDG	3.67	0.23	0.05	0.23	5.26	(3.95)	9.15	(8.90)	28.50
SMID	2.22	(0.08)	0.00	0.54	0.00	0.00	4.54	(4.85)	13.48
PLG	4.68	0.33	0.08	0.21	5.94	(5.27)	8.91	(10.14)	37.93

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Blue Gold Correlations

Blue Gold Correlation With Market

Excellent diversification

Moving against Blue Stock

Related Correlations Analysis

Risk-Adjusted Indicators

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