EAST SIDE Correlations

BL1 Stock

0.28 0.03 12.00%

The current 90-days correlation between EAST SIDE GAMES and Nintendo Co is 0.16 (i.e., Average diversification). The correlation of EAST SIDE 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.

EAST SIDE Correlation With Market

Average diversification

The correlation between EAST SIDE GAMES and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding EAST SIDE GAMES and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against EAST Stock

0.84	NOA3	Nokia	Pair Corr
0.84	EVD	CTS EVENTIM	Pair Corr
0.76	931	Sea Limited	Pair Corr
0.74	NTO	Nintendo	Pair Corr
0.72	NTOA	Nintendo	Pair Corr
0.69	ZHJ	Zhejiang Expressway Earnings Call This Week	Pair Corr
0.66	TKE	Take Two Interactive	Pair Corr
0.64	3KF	Auxly Cannabis Group Earnings Call This Week	Pair Corr
0.6	71BA	Bilibili	Pair Corr
0.51	NST	STEULER FLIESENGRUPPE	Pair Corr
0.44	J2E	Jupiter Energy	Pair Corr
0.82	07M	China Modern Dairy	Pair Corr
0.81	ALVE	ALLIANZ SE UNSPADR	Pair Corr
0.81	DEZ	Deutz AG Earnings Call Tomorrow	Pair Corr
0.8	19YA	Yiren Digital Earnings Call Today	Pair Corr
0.79	DTEA	Deutsche Telekom	Pair Corr
0.79	APM	AD PEPPER MEDIA	Pair Corr
0.76	RPU	Republic Services	Pair Corr
0.72	WPHB	Warehouses De Pauw	Pair Corr
0.65	IFX	Infineon Technologies	Pair Corr
0.58	IDI	InterDigital	Pair Corr
0.56	8KH	TOREX SEMICONDUCTOR LTD	Pair Corr
0.55	IBE1	Iberdrola SA	Pair Corr
0.52	T04	TITOMIC LTD	Pair Corr
0.47	LBL	KAROON GAS AUST	Pair Corr
0.44	A0T	American Tower Corp	Pair Corr
0.87	PSAN	PSI Software AG	Pair Corr
0.82	07M	CN MODERN DAIRY	Pair Corr
0.82	A5G	AIB Group plc	Pair Corr
0.81	RRTU	RTL GROUP UNSPADR	Pair Corr
0.74	IZZ	TAL Education Group	Pair Corr
0.72	4BB1	BUDWEISER BREWUNSPADR/4	Pair Corr

Related Correlations Analysis

	NTOA	931	ERT	7NX	7NX	TKE	AC8	71BA
NTOA		0.88	-0.61	-0.44	-0.39	0.89	0.68	0.52	NTOA
931	0.88		-0.59	-0.56	-0.54	0.82	0.56	0.57	931
ERT	-0.61	-0.59		0.6	0.64	-0.42	-0.36	0.0	ERT
7NX	-0.44	-0.56	0.6		0.92	-0.26	-0.03	-0.21	7NX
7NX	-0.39	-0.54	0.64	0.92		-0.18	-0.05	-0.13	7NX
TKE	0.89	0.82	-0.42	-0.26	-0.18		0.6	0.59	TKE
AC8	0.68	0.56	-0.36	-0.03	-0.05	0.6		0.06	AC8
71BA	0.52	0.57	0.0	-0.21	-0.13	0.59	0.06		71BA
	NTOA	931	ERT	7NX	7NX	TKE	AC8	71BA

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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

7NX	+ 0.92	7NX
TKE	+ 0.89	NTOA
931	+ 0.88	NTOA
TKE	+ 0.82	931
AC8	+ 0.68	NTOA
7NX	+ 0.64	ERT

High negative correlations

ERT	- 0.61	NTOA
ERT	- 0.59	931
7NX	- 0.56	931
7NX	- 0.54	931
7NX	- 0.44	NTOA
TKE	- 0.42	ERT

Risk-Adjusted Indicators

There is a big difference between EAST Stock performing well and EAST SIDE 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 EAST SIDE'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
NTOA	2.47	0.34	0.11	0.32	2.78	(3.08)	5.62	(4.20)	16.49
931	1.85	0.15	0.08	0.24	2.20	(2.08)	4.32	(3.24)	15.34
ERT	1.43	(0.32)	0.00	1.56	0.00	0.00	3.08	(2.44)	18.42
7NX	1.88	(0.03)	0.00	(0.17)	0.00	0.00	3.91	(4.48)	12.54
7NX	1.60	(0.04)	0.00	(0.16)	0.00	0.00	3.17	(3.85)	10.49
TKE	1.34	0.06	0.10	(0.50)	1.57	(1.55)	2.76	(2.45)	20.36
AC8	1.41	(0.05)	0.00	(0.18)	0.00	0.00	2.67	(3.60)	8.66
71BA	2.91	0.17	0.07	1.77	3.50	(3.37)	6.88	(5.83)	18.61

Be your own money manager

Our tools can tell you how much better you can do entering a position in EAST SIDE 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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