US Global Correlations

GROW Stock

USD 2.42 0.02 0.82%

The current 90-days correlation between US Global Investors and Invesco High Income is 0.05 (i.e., Significant diversification). The correlation of US Global 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.

US Global Correlation With Market

Weak diversification

The correlation between US Global Investors and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding US Global Investors and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in US Global Investors. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with GROW Stock

0.86

Orix Corp Ads

Pair Corr

Moving against GROW Stock

0.77	CG	Carlyle Group	Pair Corr
0.77	AC	Associated Capital	Pair Corr
0.76	BK	Bank of New York Fiscal Year End 10th of January 2025	Pair Corr
0.75	BLK	BlackRock Fiscal Year End 10th of January 2025	Pair Corr
0.75	AB	AllianceBernstein	Pair Corr
0.72	APO	Apollo Global Management	Pair Corr
0.7	MA	Mastercard	Pair Corr
0.7	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.7	BAM	Brookfield Asset Man Sell-off Trend	Pair Corr
0.68	PYPL	PayPal Holdings	Pair Corr
0.65	SOFI	SoFi Technologies Aggressive Push	Pair Corr
0.64	KKR	KKR Co LP	Pair Corr
0.63	SYF	Synchrony Financial Fiscal Year End 28th of January 2025	Pair Corr
0.63	BN	Brookfield Corp	Pair Corr
0.62	BX	Blackstone Group Fiscal Year End 23rd of January 2025	Pair Corr
0.61	APAM	Artisan Partners Asset Fiscal Year End 4th of February 2025	Pair Corr
0.6	UPST	Upstart Holdings	Pair Corr
0.59	COF	Capital One Financial Fiscal Year End 23rd of January 2025	Pair Corr
0.58	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.58	C	Citigroup Aggressive Push	Pair Corr
0.56	DFS	Discover Financial Fiscal Year End 15th of January 2025	Pair Corr
0.45	V	Visa Class A	Pair Corr
0.36	AX	Axos Financial	Pair Corr
0.35	L	Loews Corp	Pair Corr
0.32	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.81	TW	Tradeweb Markets	Pair Corr
0.71	LX	Lexinfintech Holdings Trending	Pair Corr
0.7	KB	KB Financial Group	Pair Corr
0.67	SF	Stifel Financial Fiscal Year End 22nd of January 2025	Pair Corr
0.65	LC	LendingClub Corp	Pair Corr
0.64	QD	Qudian Inc	Pair Corr
0.61	CM	Canadian Imperial Bank Earnings Call This Week	Pair Corr
0.56	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.55	RF	Regions Financial Fiscal Year End 17th of January 2025	Pair Corr
0.53	GL	Globe Life	Pair Corr

Related Correlations Analysis

	GAIN	PFLT	HRZN	SCM	PSEC	IHTA	VPV	VTN	VKI	FINS
GAIN		0.41	-0.56	0.81	-0.18	0.72	0.35	0.05	-0.08	0.47	GAIN
PFLT	0.41		0.37	0.35	0.45	-0.15	0.5	0.4	0.13	0.7	PFLT
HRZN	-0.56	0.37		-0.55	0.68	-0.91	0.04	0.22	0.08	0.17	HRZN
SCM	0.81	0.35	-0.55		-0.19	0.67	0.06	-0.13	-0.43	0.26	SCM
PSEC	-0.18	0.45	0.68	-0.19		-0.5	0.11	0.1	0.01	0.51	PSEC
IHTA	0.72	-0.15	-0.91	0.67	-0.5		0.12	-0.1	-0.07	0.04	IHTA
VPV	0.35	0.5	0.04	0.06	0.11	0.12		0.9	0.65	0.47	VPV
VTN	0.05	0.4	0.22	-0.13	0.1	-0.1	0.9		0.59	0.22	VTN
VKI	-0.08	0.13	0.08	-0.43	0.01	-0.07	0.65	0.59		0.28	VKI
FINS	0.47	0.7	0.17	0.26	0.51	0.04	0.47	0.22	0.28		FINS
	GAIN	PFLT	HRZN	SCM	PSEC	IHTA	VPV	VTN	VKI	FINS

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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

VTN	+ 0.9	VPV
SCM	+ 0.81	GAIN
IHTA	+ 0.72	GAIN
FINS	+ 0.7	PFLT
PSEC	+ 0.68	HRZN
IHTA	+ 0.67	SCM

High negative correlations

IHTA	- 0.91	HRZN
HRZN	- 0.56	GAIN
SCM	- 0.55	HRZN
IHTA	- 0.5	PSEC
VKI	- 0.43	SCM
PSEC	- 0.19	SCM

Risk-Adjusted Indicators

There is a big difference between GROW Stock performing well and US Global 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 Global'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
GAIN	0.98	0.15	0.05	0.55	1.14	(1.05)	1.76	(1.94)	6.95
PFLT	0.60	0.02	(0.08)	0.25	1.00	(0.56)	1.09	(1.13)	5.12
HRZN	0.75	(0.22)	0.00	(1.01)	0.00	0.00	0.88	(2.10)	5.65
SCM	0.49	0.04	(0.09)	0.34	0.63	(0.56)	1.23	(1.30)	4.52
PSEC	1.24	(0.04)	(0.04)	(0.04)	2.98	(1.11)	2.67	(2.03)	19.23
IHTA	0.23	0.04	(0.16)	0.98	0.25	(0.31)	0.68	(0.27)	2.03
VPV	0.32	0.05	(0.17)	6.04	0.29	(0.38)	0.64	(0.54)	1.79
VTN	0.35	0.04	(0.15)	3.70	0.43	(0.38)	0.71	(0.70)	2.23
VKI	0.42	0.07	(0.13)	(0.56)	0.36	(0.50)	0.89	(0.66)	2.47
FINS	0.43	0.02	(0.16)	0.30	0.53	(0.46)	1.01	(1.01)	2.75

US Global Corporate Management

Michael Matousek	Head Trader	Profile
Holly Schoenfeldt	Public Leader	Profile
Joanna Sawicka	Portfolio Manager	Profile
CFA CFA	Mining Mang	Profile
Lisa CPA	Chief Officer	Profile
Ralph CFA	Senior Manager	Profile

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