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Last Update: 03-Dec-2020, 06:11 CST

GLDM Correlation Report

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Correlation Plot    ExplainYTD: GLDM  21.1 %  vs. SPX  13.5 % 
SPDR Gold MiniShares Trust

* Correlation: MODERATE* Reward: correlation not >= 0.6 or <= -0.6
* Diversifier: WEAK* Risk: LOW

CC *Alpha *Beta *RR *R-Scatter *% Win *

0.407

-0.108

0.75

-24

-0.6

50.0
* Last 60 market days. GLDM relative to SPX - S&P 500 Index
Most Correlated Non-ETF Securities:
RankGLDM CCTicker Symbol - Security NameSPX CCSPX AlphaSPX Beta
1
0.992 Subscribe first then Login to view complete reports now

0.402

-0.092

0.74
2
0.822 Subscribe first then Login to view complete reports now

0.514

-0.092

3.59
3
1
0.809 Subscribe first then Login to view complete reports now

0.441

-0.542

3.10
4
1
0.805 Subscribe first then Login to view complete reports now

0.495

-0.310

4.06
5
2
0.796 SVM - Silvercorp Metals Inc. Common Shares

0.492

-0.097

3.79
Least Correlated Non-ETF Securities:
RankGLDM CCTicker Symbol - Security NameSPX CCSPX AlphaSPX Beta
1
35
0.000 Subscribe first then Login to view complete reports now

0.462

-0.596

3.99
2
8
0.000 Subscribe first then Login to view complete reports now

0.373

0.238

3.58
3
34
-0.001 Subscribe first then Login to view complete reports now

0.231

0.608

3.61
4
914
0.001 Subscribe first then Login to view complete reports now

0.455

-0.594

4.18
5
138
-0.001 VISL - Vislink Technologies Inc.

-0.046

-0.145

-3.37
Most Anti-Correlated Non-ETF Securities:
RankGLDM CCTicker Symbol - Security NameSPX CCSPX AlphaSPX Beta
1
-0.642 Subscribe first then Login to view complete reports now

-0.369

-0.044

-0.32
2
-0.640 Subscribe first then Login to view complete reports now

-0.260

-0.053

-0.34
3
-0.610 Subscribe first then Login to view complete reports now

-0.635

0.035

-0.49
4
-0.482 Subscribe first then Login to view complete reports now

-0.349

0.030

-0.46
5
-0.470 USDCAD - US Dollar Canadian Dollar

-0.715

-0.028

-0.30




 

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