US GoldMining Correlations

USGO Stock

8.29 0.11 1.31%

The current 90-days correlation between US GoldMining Common and Franklin Street Properties is 0.04 (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.

US GoldMining Correlation With Market

Good diversification

The correlation between US GoldMining Common and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding US GoldMining Common and DJI in the same portfolio, assuming nothing else is changed.

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

0.73

USGOW

US GoldMining Warrant

Pair Corr

Moving against USGO Stock

0.75	SLI	Standard Lithium	Pair Corr
0.72	TMC	TMC the metals	Pair Corr
0.7	EMX	EMX Royalty Corp	Pair Corr
0.7	SKE	Skeena Resources	Pair Corr
0.69	IPX	IperionX Limited American	Pair Corr
0.63	CMP	Compass Minerals Int Earnings Call This Week	Pair Corr
0.62	NAK	Northern Dynasty Minerals	Pair Corr
0.61	GSM	Ferroglobe PLC	Pair Corr
0.55	MP	MP Materials Corp	Pair Corr
0.55	FURY	Fury Gold Mines	Pair Corr
0.54	LAR	Lithium Argentina Symbol Change	Pair Corr
0.54	LZM	Lifezone Metals	Pair Corr
0.53	VALE	Vale SA ADR	Pair Corr
0.52	ELBM	Electra Battery Materials	Pair Corr
0.47	WWR	Westwater Resources	Pair Corr
0.43	WRN	Western Copper Earnings Call This Week	Pair Corr
0.42	BHP	BHP Group Limited	Pair Corr
0.4	VZLA	Vizsla Resources Corp	Pair Corr
0.34	TMQ	Trilogy Metals	Pair Corr
0.74	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.73	TMCWW	TMC the metals	Pair Corr
0.73	EU	enCore Energy Corp	Pair Corr
0.72	IE	Ivanhoe Electric	Pair Corr
0.7	USAS	Americas Silver Corp	Pair Corr
0.68	CE	Celanese	Pair Corr
0.68	CX	Cemex SAB de Aggressive Push	Pair Corr
0.66	CRML	Critical Metals Corp	Pair Corr
0.65	AA	Alcoa Corp	Pair Corr
0.61	DC	Dakota Gold Corp	Pair Corr

Related Correlations Analysis

	JBGS	VST	FSP	WEC	CMS-PC	BXP	NRG	FMCKO
JBGS		0.88	0.59	-0.29	0.36	0.87	0.82	0.81	JBGS
VST	0.88		0.5	-0.38	0.55	0.76	0.8	0.9	VST
FSP	0.59	0.5		-0.21	-0.2	0.52	0.72	0.44	FSP
WEC	-0.29	-0.38	-0.21		0.03	-0.25	-0.46	-0.24	WEC
CMS-PC	0.36	0.55	-0.2	0.03		0.29	0.12	0.62	CMS-PC
BXP	0.87	0.76	0.52	-0.25	0.29		0.63	0.69	BXP
NRG	0.82	0.8	0.72	-0.46	0.12	0.63		0.62	NRG
FMCKO	0.81	0.9	0.44	-0.24	0.62	0.69	0.62		FMCKO
	JBGS	VST	FSP	WEC	CMS-PC	BXP	NRG	FMCKO

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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

FMCKO	+ 0.9	VST
VST	+ 0.88	JBGS
BXP	+ 0.87	JBGS
NRG	+ 0.82	JBGS
FMCKO	+ 0.81	JBGS
NRG	+ 0.8	VST

High negative correlations

NRG	- 0.46	WEC
WEC	- 0.38	VST
WEC	- 0.29	JBGS
BXP	- 0.25	WEC
FMCKO	- 0.24	WEC
WEC	- 0.21	FSP

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
JBGS	1.48	0.32	0.15	0.79	1.08	(1.77)	3.76	(2.41)	7.70
VST	2.23	0.66	0.33	0.76	1.54	(2.68)	6.05	(3.66)	12.11
FSP	2.32	0.18	0.00	1.18	2.26	(3.07)	4.67	(3.89)	26.97
WEC	0.80	(0.02)	(0.18)	0.16	1.01	(0.83)	1.53	(1.53)	4.97
CMS-PC	0.52	0.02	(0.18)	0.31	0.60	(0.55)	1.14	(1.20)	3.15
BXP	1.23	(0.07)	(0.01)	0.18	1.52	(1.25)	3.22	(2.18)	9.39
NRG	1.95	0.29	0.34	0.35	1.16	(2.36)	4.58	(2.77)	30.89
FMCKO	1.35	0.44	0.07	(3.60)	1.12	(2.24)	4.27	(2.70)	17.91

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.

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