Natural Gas Correlations

NGUSD Commodity

2.83 0.14 4.71%

The current 90-days correlation between Natural Gas and Oat Futures is 0.19 (i.e., Average diversification). The correlation of Natural Gas 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.

Natural Gas Correlation With Market

Very good diversification

The correlation between Natural Gas and DJI is -0.24 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Natural Gas and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Natural Gas could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Natural Gas when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Natural Gas - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Natural Gas to buy it.

Moving together with Natural Commodity

0.79	META	Meta Platforms	Pair Corr
0.61	SGBLY	Standard Bank Group	Pair Corr
0.86	NIO	Nio Class A	Pair Corr
0.75	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.66	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.69	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.74	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.76	VZ	Verizon Communications Fiscal Year End 28th of January 2025	Pair Corr
0.61	CSCO	Cisco Systems	Pair Corr

Moving against Natural Commodity

0.64

Boeing Fiscal Year End 29th of January 2025

Pair Corr

Related Correlations Analysis

	ZOUSX	KEUSX	GFUSX	SILUSD	ZQUSD	YMUSD	RBUSD	ZRUSD	PLUSD	ZSUSX
ZOUSX		0.7	-0.35	0.54	0.77	0.76	-0.71	0.32	0.25	0.14	ZOUSX
KEUSX	0.7		-0.08	0.53	0.69	0.38	-0.4	0.34	0.33	0.5	KEUSX
GFUSX	-0.35	-0.08		0.17	-0.28	-0.24	0.8	-0.14	0.5	0.67	GFUSX
SILUSD	0.54	0.53	0.17		0.45	0.67	-0.22	0.16	0.84	0.43	SILUSD
ZQUSD	0.77	0.69	-0.28	0.45		0.64	-0.57	0.28	0.16	0.14	ZQUSD
YMUSD	0.76	0.38	-0.24	0.67	0.64		-0.67	0.18	0.36	-0.01	YMUSD
RBUSD	-0.71	-0.4	0.8	-0.22	-0.57	-0.67		-0.31	0.16	0.38	RBUSD
ZRUSD	0.32	0.34	-0.14	0.16	0.28	0.18	-0.31		0.09	0.16	ZRUSD
PLUSD	0.25	0.33	0.5	0.84	0.16	0.36	0.16	0.09		0.51	PLUSD
ZSUSX	0.14	0.5	0.67	0.43	0.14	-0.01	0.38	0.16	0.51		ZSUSX
	ZOUSX	KEUSX	GFUSX	SILUSD	ZQUSD	YMUSD	RBUSD	ZRUSD	PLUSD	ZSUSX

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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

PLUSD	+ 0.84	SILUSD
RBUSD	+ 0.8	GFUSX
ZQUSD	+ 0.77	ZOUSX
YMUSD	+ 0.76	ZOUSX
KEUSX	+ 0.7	ZOUSX
ZQUSD	+ 0.69	KEUSX

High negative correlations

RBUSD	- 0.71	ZOUSX
RBUSD	- 0.67	YMUSD
RBUSD	- 0.57	ZQUSD
RBUSD	- 0.4	KEUSX
GFUSX	- 0.35	ZOUSX
ZRUSD	- 0.31	RBUSD

Risk-Adjusted Indicators

There is a big difference between Natural Commodity performing well and Natural Gas Commodity 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 Natural Gas' 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
ZOUSX	1.51	0.31	0.10	23.94	1.70	(1.59)	3.04	(2.42)	10.82
KEUSX	1.27	(0.01)	(0.06)	(0.02)	1.61	(1.36)	2.91	(2.85)	6.48
GFUSX	0.64	(0.14)	0.00	(0.19)	0.00	0.00	1.14	(1.59)	3.42
SILUSD	1.51	(0.01)	(0.03)	0.09	1.86	(1.57)	3.19	(3.16)	7.11
ZQUSD	0.03	0.00	(0.57)	(0.09)	0.00	(0.11)	0.02	(0.01)	1.07
YMUSD	0.62	0.06	0.00	0.29	0.73	(0.65)	1.41	(1.36)	4.41
RBUSD	1.53	(0.30)	0.00	11.39	0.00	0.00	2.09	(2.87)	9.88
ZRUSD	1.09	(0.15)	0.00	0.93	0.00	0.00	1.94	(1.98)	12.64
PLUSD	1.36	(0.11)	0.00	(0.12)	0.00	0.00	2.72	(2.65)	6.97
ZSUSX	0.99	(0.12)	0.00	1.39	0.00	0.00	1.99	(2.07)	7.15

View Natural Gas Related Equities

Oat Futures Wheat Futures Feeder Cattle Futures Micro Silver Futures 30 Day Fed Mini Dow Jones Gasoline RBOB Rough Rice Futures Platinum Soybean Futures E Mini SP 500 30 Year Treasury 2 Year T Note Futures Heating Oil Crude Oil

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