Evolution Gaming Correlations

0RQ6 Stock

802.20 11.10 1.40%

The current 90-days correlation between Evolution Gaming and Sunny Optical Technology is 0.16 (i.e., Average diversification). The correlation of Evolution Gaming 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.

Evolution Gaming Correlation With Market

Good diversification

The correlation between Evolution Gaming Group and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Evolution Gaming Group and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Evolution Gaming could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Evolution Gaming 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 Evolution Gaming - 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 Evolution Gaming Group to buy it.

Moving against Evolution Stock

0.74	0QYR	Panasonic Corp	Pair Corr
0.7	0KII	SSAB AB ser	Pair Corr
0.42	BC94	Samsung Electronics	Pair Corr
0.41	SMSN	Samsung Electronics	Pair Corr
0.37	SMSD	Samsung Electronics	Pair Corr

Related Correlations Analysis

	0P5L	KBT	0QZ5	0QZ2	0Z4I	IBT	GMET
0P5L		0.58	-0.18	0.86	0.52	-0.84	0.46	0P5L
KBT	0.58		0.47	0.8	0.82	-0.41	0.35	KBT
0QZ5	-0.18	0.47		0.22	0.66	0.38	0.19	0QZ5
0QZ2	0.86	0.8	0.22		0.79	-0.61	0.57	0QZ2
0Z4I	0.52	0.82	0.66	0.79		-0.29	0.38	0Z4I
IBT	-0.84	-0.41	0.38	-0.61	-0.29		-0.04	IBT
GMET	0.46	0.35	0.19	0.57	0.38	-0.04		GMET
	0P5L	KBT	0QZ5	0QZ2	0Z4I	IBT	GMET

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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

0QZ2	+ 0.86	0P5L
0Z4I	+ 0.82	KBT
0QZ2	+ 0.8	KBT
0Z4I	+ 0.79	0QZ2
0Z4I	+ 0.66	0QZ5
KBT	+ 0.58	0P5L

High negative correlations

IBT	- 0.84	0P5L
IBT	- 0.61	0QZ2
IBT	- 0.41	KBT
IBT	- 0.29	0Z4I
0QZ5	- 0.18	0P5L
GMET	- 0.04	IBT

Risk-Adjusted Indicators

There is a big difference between Evolution Stock performing well and Evolution Gaming 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 Evolution Gaming'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
0P5L	0.81	0.20	0.09	11.63	0.75	(2.00)	2.71	(1.82)	6.33
KBT	1.89	0.34	0.11	0.50	1.44	(8.14)	5.26	(4.19)	28.75
0QZ5	1.00	(0.02)	0.00	(0.08)	0.00	0.00	2.08	(2.62)	6.68
0QZ2	1.70	0.45	0.21	11.64	1.22	(3.00)	5.28	(2.48)	13.60
0Z4I	2.49	0.18	0.05	(0.82)	3.09	(3.00)	5.71	(6.05)	18.09
IBT	0.81	(0.05)	0.00	(0.12)	0.00	0.00	1.53	(1.81)	6.31
GMET	2.40	0.73	0.27	(5.37)	1.67	(4.03)	6.67	(3.12)	15.56

Be your own money manager

Our tools can tell you how much better you can do entering a position in Evolution Gaming without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Evolution Gaming Corporate Management

Elected by the shareholders, the Evolution Gaming's board of directors comprises two types of representatives: Evolution Gaming inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Evolution. The board's role is to monitor Evolution Gaming's management team and ensure that shareholders' interests are well served. Evolution Gaming's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Evolution Gaming's outside directors are responsible for providing unbiased perspectives on the board's policies.

Carl Linton	Head IR	Profile
David Craelius	Chief Officer	Profile
Jacob Kaplan	Chief Officer	Profile
Martin Carlesund	Group Officer	Profile

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