Using gold to hedge stock market risk There are only 0.03 inverse correlations in 20 years! 乔枫 杨丽

Using gold to hedge stock market risk? There are only 0.03 inverse correlations in 20 years! FX168 gold is often regarded as a big choice for hedging risks. This year, the financial market problems such as stock market shocks have pushed up the demand for hedging, making the price of gold higher. However, analysts pointed out that, in terms of data, hedging with gold is actually problematic. In the past 60 trading days, gold and the S & P 500 index showed a 0.24 inverse correlation, while in the recent 3 index of the S & P 500 index fell 2% or more, 2 trading days, gold prices rose by 1.5%. However, this does not mean that stocks will go up and gold will go up. Over the past few years, the relationship between gold and the S & P 500 has been very volatile, sometimes consistent, and sometimes contrary. In the past 20 years, the inverse correlation between the two is only 0.03, almost no inverse correlation, 5 years inverse correlation 0.06%, 1 years inverse correlation 0.121. In the past 20 years, the 23 week the S & P 500 index fell 5% or more, and this time is only 0.16% times the average gold prices. Judging from the data above, it is hard to get gold to hedge against the risk of the stock market. Enter Sina Financial shares] discussion

用黄金来对冲股市风险?20年只有0.03逆相关性!   FX168讯 黄金通常被视作是对冲风险的一大选择,今年以来,股市震荡等金融市场问题推动了避险需求,使得金价走高。不过有分析师指出,从数据来看,用黄金对冲事实上是有问题的。   在过去60个交易日中,黄金和标普500指数出现了0.24的逆相关性,而在最近的标普500指数下跌2%甚至更多的3个交易日中,有2个交易日金价收获了1.5%的涨幅。   然而,这并不意味着股票跌黄金就会涨。   从过去几年来看,黄金和标普500指数之间的关系是有非常大的波动性的,有时一致,有时相反。   过去20年中,两者的日内逆相关关系仅为0.03,几乎谈不上有什么逆相关关系,5年逆相关关系0.06%,1年逆相关关系0.121。   在过去20年中,有23周标普500指数下跌5%或者更多,而这些时间内黄金平均只有0.16%次是上涨的。   从上述数据来看,想要让黄金来对冲股市的风险,恐怕是很难的。 进入【新浪财经股吧】讨论相关的主题文章: