⛏️ GDX Regression on Gold — Residual Analysis

GDX_ret = α + β × Gold_ret + ε | Weekly | 5Y | 262 obs | Updated 2026-03-26

OLS: GDX = -0.211 + 1.814 × Gold

Beta

1.814

Alpha (wk)

-0.211%

Alpha (ann)

-11.0%

R²

0.683

Resid σ

2.81%

Residuals

Weekly

Cumulative

Rolling 12wk

Source: Yahoo Finance | Marshall 🔶