GOR Correlation Matrix

Rolling Pearson correlation between GOR Index changes and asset price returns

GOR diff (5-min delta) vs asset returns (5-min pct change) · ETF proxies via yfinance · 15-min delayed

Green = moves with geopolitical risk · Grey = no significant relationship at this confidence level

WHAT IS THIS?

This matrix answers one question: when GOR moves up or down, does this asset's price move with it?

The number shown is a correlation coefficient — it ranges from -1.0 to +1.0. Think of it as a score for how closely two things move together over the selected time window.

POSITIVE — shown in green

Asset moves up when GOR moves up. Oil prices rising alongside geopolitical risk is the classic example. Strength shown by the number — +0.9 is stronger than +0.4.

NO SIGNAL — shown in grey

The relationship is not statistically significant in this time window. Could be noise, too few data points, or a genuine absence of correlation. Don't trade on grey.

NEGATIVE — shown in red

Asset falls when GOR rises. S&P 500 during a supply shock is typical — higher oil prices hurt equities. A -0.27 reading means a weak negative relationship.

GOR Correlation Matrixⓘ

HOW TO READ THIS

The time window buttons [1H] [4H] [24H] [7D]

Switch between different lookback periods. A 1H correlation tells you if GOR and an asset are moving together right now — useful during fast-moving events. A 7D correlation shows the broader trend over the past week — more statistically reliable.

Grey values mean the relationship isn't statistically significant in that window — not enough data points, or the movements are too random to draw conclusions.

What the assets represent

BNO (Brent ETF) — international oil price, the global benchmark
USO (WTI ETF) — US oil price, closely tracks Brent
UNG (NatGas ETF) — US natural gas, less correlated with Middle East events
^OVX (Oil Volatility) — fear gauge for oil markets, like VIX but for crude
XLE (Energy Sector) — basket of US energy companies — Exxon, Chevron, etc.
SPY (S&P 500) — broad US market — tends to fall when oil spikes (negative correlation)

METHODOLOGY: Pearson correlation between GOR Index 5-minute deltas and asset 5-minute price returns (1H/4H windows) or 1-hour returns (24H/7D windows). ETF proxies used: BNO≈Brent crude, USO≈WTI crude — correlation to underlying ~0.97. 15-minute delayed data via yfinance. Minimum data points: 6 (1H), 10 (4H), 12 (24H), 24 (7D). Significance threshold: p-value < 0.05. Updated every 15 minutes during market hours.