Elys Game Correlations

ELYSDelisted Stock  USD 0.56  0.02  3.45%   
The correlation of Elys Game 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.

Elys Game Correlation With Market

Good diversification

The correlation between Elys Game Technology and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Elys Game Technology and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Elys Game could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Elys Game 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 Elys Game - 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 Elys Game Technology to buy it.

Moving against Elys Pink Sheet

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  0.36GMBLW Esports EntertainmentPairCorr
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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   
GMBLPPBTHF
GMBLLTRY
GANPBTHF
LTRYEIHDF
GMBLPGAN
GANPMKRF
  
High negative correlations   
RYWCFITMZF
GMBLPGMBL
PBTHFGMBL
GMBLPLTRY
PBTHFLTRY
GANEIHDF

Risk-Adjusted Indicators

There is a big difference between Elys Pink Sheet performing well and Elys Game 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 Elys Game'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
GMVHF  2.24  0.11  0.03  0.22  2.29 
 6.65 
 12.29 
PMKRF  0.71  0.09  0.00 (0.32) 0.00 
 0.00 
 22.60 
ITMZF  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
EIHDF  1.34 (0.43) 0.00  1.37  0.00 
 0.00 
 24.59 
RYWCF  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
LTRY  4.58 (1.33) 0.00 (0.58) 0.00 
 8.00 
 34.30 
GMBL  4.01 (2.11) 0.00  54.36  0.00 
 5.85 
 33.37 
PBTHF  7.77  1.73  0.17 (2.38) 7.46 
 24.14 
 60.89 
GAN  0.76  0.08 (0.02) 0.86  0.77 
 2.26 
 6.72 
GMBLP  3.01  0.43  0.08 (3.54) 3.27 
 6.73 
 17.66 

View Elys Game Related Equities

 Risk & Return  Correlation

Elys Game Corporate Management

Julian LLBG CounselProfile
Michele BScPresident, ChairmanProfile
Sandy DrozdHead DeploymentProfile
Carlo RealiInterim OfficerProfile
Matteo MonteverdiHead ProjectsProfile
Mark KorbHead AffairsProfile

Still Interested in Elys Game Technology?

Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.