Corsair Gaming Correlations

CRSR Stock

USD 10.07 0.13 1.31%

The current 90-days correlation between Corsair Gaming and Clover Health Investments is -0.05 (i.e., Good diversification). The correlation of Corsair 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.

Corsair Gaming Correlation With Market

Very weak diversification

The correlation between Corsair Gaming and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Corsair Gaming 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 Corsair Gaming. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

To learn how to invest in Corsair Stock, please use our How to Invest in Corsair Gaming guide.

Moving together with Corsair Stock

0.91	CSCO	Cisco Systems	Pair Corr
0.86	IBM	International Business	Pair Corr
0.77	GROV	Virgin Group Acquisition	Pair Corr
0.68	INTC	Intel	Pair Corr
0.7	MRLWF	Marlowe plc	Pair Corr
0.73	CDR-PB	Cedar Realty Trust	Pair Corr
0.93	AXSM	Axsome Therapeutics	Pair Corr
0.74	KGC	Kinross Gold Aggressive Push	Pair Corr
0.73	KEY-PI	KeyCorp	Pair Corr
0.78	INVX	Innovex International, Symbol Change	Pair Corr
0.8	FWEDF	Fireweed Zinc	Pair Corr
0.72	GORO	Gold Resource	Pair Corr

Moving against Corsair Stock

0.82	SCSC	ScanSource	Pair Corr
0.79	AMPH	Amphastar P	Pair Corr
0.78	TTD	Trade Desk	Pair Corr
0.75	BMR	Beamr Imaging	Pair Corr
0.69	AI	C3 Ai Inc	Pair Corr
0.64	CXAI	CXApp Inc	Pair Corr
0.57	CRM	Salesforce	Pair Corr
0.55	MOVE	Movano Inc	Pair Corr
0.5	HTCR	HeartCore Enterprises	Pair Corr
0.49	HKD	AMTD Digital	Pair Corr
0.32	RGTI	Rigetti Computing	Pair Corr
0.47	GCPEF	GCL Poly Energy	Pair Corr

Related Correlations Analysis

	TTCF	CLOV	SKLZ	FUBO	WISH
TTCF		0.0	0.0	0.0	0.0	TTCF
CLOV	0.0		0.88	0.67	0.0	CLOV
SKLZ	0.0	0.88		0.65	0.0	SKLZ
FUBO	0.0	0.67	0.65		0.0	FUBO
WISH	0.0	0.0	0.0	0.0		WISH
	TTCF	CLOV	SKLZ	FUBO	WISH

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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

SKLZ	+ 0.88	CLOV
FUBO	+ 0.67	CLOV
FUBO	+ 0.65	SKLZ
CLOV	+ 0.0	TTCF
SKLZ	+ 0.0	TTCF
FUBO	+ 0.0	TTCF

High negative correlations

WISH	- 0.0	FUBO
WISH	- 0.0	SKLZ
WISH	- 0.0	CLOV
WISH	- 0.0	TTCF
FUBO	- 0.0	TTCF
SKLZ	- 0.0	TTCF

Risk-Adjusted Indicators

There is a big difference between Corsair Stock performing well and Corsair 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 Corsair 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
TTCF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CLOV	2.73	0.32	0.11	1.77	3.13	(2.97)	6.42	(4.72)	16.90
SKLZ	3.38	(0.08)	0.00	0.42	0.00	0.00	7.41	(7.35)	27.98
FUBO	9.16	3.07	0.53	6.79	4.64	(14.11)	10.10	(9.42)	265.77
WISH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Corsair Gaming Corporate Management

Michael Buchanan	Senior Sales	Profile
Gregg Lakritz	Advisor	Profile
Geoff Lyons	Senior Components	Profile
Peter Hilliard	Chief Officer	Profile
Ronald Veen	Vice Relations	Profile

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