Bragg Gaming Correlations

BRAG Stock

USD 4.30 0.11 2.49%

The current 90-days correlation between Bragg Gaming Group and Snail, Class A is 0.05 (i.e., Significant diversification). The correlation of Bragg 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.

Bragg Gaming Correlation With Market

Modest diversification

The correlation between Bragg Gaming Group and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bragg Gaming Group and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bragg Gaming Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Bragg Stock

0.73	SE	Sea	Pair Corr
0.7	TV	Grupo Televisa SAB	Pair Corr
0.84	BATRA	Atlanta Braves Holdings,	Pair Corr
0.69	BATRK	Atlanta Braves Holdings,	Pair Corr
0.72	FOXA	Fox Corp Class	Pair Corr
0.76	FOX	Fox Corp Class	Pair Corr
0.74	LYV	Live Nation Entertainment	Pair Corr
0.88	NWS	News Corp B	Pair Corr

Moving against Bragg Stock

0.6	ADD	Color Star Technology	Pair Corr
0.59	ANGHW	Anghami Warrants	Pair Corr
0.59	WLYB	John Wiley Sons	Pair Corr
0.54	AMC	AMC Entertainment Aggressive Push	Pair Corr
0.42	WIMI	WiMi Hologram Cloud	Pair Corr
0.41	TC	TuanChe ADR	Pair Corr
0.59	HAO	Haoxi Health Technology	Pair Corr
0.42	LEE	Lee Enterprises	Pair Corr
0.39	EVC	Entravision Communications	Pair Corr
0.38	EEX	Emerald Expositions	Pair Corr
0.61	WLY	John Wiley Sons	Pair Corr
0.38	NYT	New York Times	Pair Corr

Related Correlations Analysis

	BLITF	SNAL	MYPS	GDEV	DDI	GMGI	SCPL	GAME	TIIDF	SWMIF
BLITF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	BLITF
SNAL	0.0		0.28	-0.43	0.06	-0.39	0.0	0.51	0.0	0.0	SNAL
MYPS	0.0	0.28		0.46	0.67	-0.15	0.0	0.55	0.0	0.0	MYPS
GDEV	0.0	-0.43	0.46		0.36	0.31	0.0	-0.04	0.0	0.0	GDEV
DDI	0.0	0.06	0.67	0.36		-0.01	0.0	0.45	0.0	0.0	DDI
GMGI	0.0	-0.39	-0.15	0.31	-0.01		0.0	-0.24	0.0	0.0	GMGI
SCPL	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	SCPL
GAME	0.0	0.51	0.55	-0.04	0.45	-0.24	0.0		0.0	0.0	GAME
TIIDF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	TIIDF
SWMIF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		SWMIF
	BLITF	SNAL	MYPS	GDEV	DDI	GMGI	SCPL	GAME	TIIDF	SWMIF

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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

DDI	+ 0.67	MYPS
GAME	+ 0.55	MYPS
GAME	+ 0.51	SNAL
GDEV	+ 0.46	MYPS
GAME	+ 0.45	DDI
DDI	+ 0.36	GDEV

High negative correlations

GDEV	- 0.43	SNAL
GMGI	- 0.39	SNAL
GAME	- 0.24	GMGI
GMGI	- 0.15	MYPS
GAME	- 0.04	GDEV
GMGI	- 0.01	DDI

Risk-Adjusted Indicators

There is a big difference between Bragg Stock performing well and Bragg 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 Bragg 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
BLITF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SNAL	7.39	0.59	0.08	(0.92)	8.62	(7.81)	16.67	(13.53)	46.46
MYPS	2.93	(0.57)	0.00	(0.38)	0.00	0.00	5.65	(5.91)	20.72
GDEV	3.66	(0.37)	0.00	0.20	0.00	0.00	5.56	(6.49)	65.73
DDI	2.01	(0.12)	0.00	(0.41)	0.00	0.00	3.66	(4.77)	12.89
GMGI	3.43	0.16	0.03	0.08	4.09	(4.44)	6.60	(7.08)	44.19
SCPL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GAME	3.65	(0.08)	0.00	(0.23)	0.00	0.00	6.10	(10.00)	26.81
TIIDF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SWMIF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Bragg Gaming Corporate Management

Benny Bonsu	Head GiveMeSport	Profile
Chris Looney	Chief Officer	Profile
Neill Whyte	Chief Officer	Profile
Giles Potter	Chief Officer	Profile
Doug Fallon	Group Content	Profile
Simon Dudnjik	Chief Officer	Profile

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