Allied Gaming Correlations

AGAE Stock   1.07  0.02  1.83%   
The correlation of Allied 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.
  
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Moving together with Allied Stock

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Moving against Allied Stock

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  0.54GOLF Acushnet Holdings CorpPairCorr
  0.47YETI YETI HoldingsPairCorr
  0.37TLKMF Telkom Indonesia TbkPairCorr
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  0.43MRK Merck Company Aggressive PushPairCorr
  0.42PBCRY Bank Central AsiaPairCorr

Related Correlations Analysis

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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   
HOFVAPHP
CLTFFTRMNF
GULDFTRMNF
TRMNFAPHP
GULDFAPHP
NETWFOAMCF
  
High negative correlations   
NETWFHOFV
CLTFFAPHP
OAMCFHOFV
GULDFNETWF
OAMCFAPHP
OAMCFTRMNF

Risk-Adjusted Indicators

There is a big difference between Allied Stock performing well and Allied 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 Allied 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
APHP  3.08  0.00  0.00 (0.02) 4.35 
 13.64 
 44.16 
HOFV  5.30  0.26  0.04  0.34  5.60 
 17.50 
 38.35 
AGAEW  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
TRMNF  6.10  1.35  0.00 (0.95) 0.00 
 11.11 
 162.50 
ZUMRF  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
OAMCF  7.40  1.15  0.07  0.89  8.20 
 28.57 
 73.59 
NETWF  1.33  0.02  0.01 (0.07) 2.72 
 3.12 
 25.26 
CLTFF  1.50  0.16  0.04  0.52  2.00 
 5.00 
 25.64 
GULDF  45.08  20.52  0.00  3.95  0.00 
 0.00 
 1,048