GameSquare Holdings Correlations

GAME Stock

USD 0.78 0.02 2.50%

The current 90-days correlation between GameSquare Holdings and Snail, Class A is 0.03 (i.e., Significant diversification). The correlation of GameSquare Holdings 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.

GameSquare Holdings Correlation With Market

Significant diversification

The correlation between GameSquare Holdings and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GameSquare Holdings and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GameSquare Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

For information on how to trade GameSquare Stock refer to our How to Trade GameSquare Stock guide.

Moving together with GameSquare Stock

0.68	GRVY	Gravity	Pair Corr
0.68	PLTK	Playtika Holding Corp	Pair Corr
0.64	RBLX	Roblox Corp	Pair Corr
0.66	EB	Eventbrite Class A	Pair Corr

Moving against GameSquare Stock

0.41	GDC	GD Culture Group	Pair Corr
0.5	BZ	Kanzhun Ltd ADR	Pair Corr
0.34	T	ATT Inc Earnings Call Today	Pair Corr
0.33	KT	KT Corporation	Pair Corr
0.54	VZ	Verizon Communications	Pair Corr
0.4	ZH	Zhihu Inc ADR Earnings Call Today	Pair Corr
0.34	ZI	ZoomInfo Technologies	Pair Corr
0.32	TU	Telus Corp	Pair Corr

Related Correlations Analysis

	DDI	SNAL	GMGI	SCPL	SOHU	MYPS	PLTK	BLITF	BRAG	GDEV
DDI		0.2	-0.01	0.0	-0.31	0.67	0.55	0.0	-0.42	0.22	DDI
SNAL	0.2		-0.39	0.0	0.09	0.3	0.62	0.0	0.56	-0.68	SNAL
GMGI	-0.01	-0.39		0.0	-0.02	-0.15	-0.25	0.0	-0.32	0.4	GMGI
SCPL	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	SCPL
SOHU	-0.31	0.09	-0.02	0.0		-0.33	-0.26	0.0	0.45	-0.08	SOHU
MYPS	0.67	0.3	-0.15	0.0	-0.33		0.85	0.0	-0.2	0.07	MYPS
PLTK	0.55	0.62	-0.25	0.0	-0.26	0.85		0.0	0.14	-0.29	PLTK
BLITF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	BLITF
BRAG	-0.42	0.56	-0.32	0.0	0.45	-0.2	0.14	0.0		-0.66	BRAG
GDEV	0.22	-0.68	0.4	0.0	-0.08	0.07	-0.29	0.0	-0.66		GDEV
	DDI	SNAL	GMGI	SCPL	SOHU	MYPS	PLTK	BLITF	BRAG	GDEV

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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

PLTK	+ 0.85	MYPS
MYPS	+ 0.67	DDI
PLTK	+ 0.62	SNAL
BRAG	+ 0.56	SNAL
PLTK	+ 0.55	DDI
BRAG	+ 0.45	SOHU

High negative correlations

GDEV	- 0.68	SNAL
GDEV	- 0.66	BRAG
BRAG	- 0.42	DDI
GMGI	- 0.39	SNAL
MYPS	- 0.33	SOHU
BRAG	- 0.32	GMGI

Risk-Adjusted Indicators

There is a big difference between GameSquare Stock performing well and GameSquare Holdings 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 GameSquare Holdings' 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
DDI	2.01	(0.12)	0.00	(0.41)	0.00	0.00	3.66	(4.77)	12.89
SNAL	7.31	0.68	0.07	0.30	8.50	(7.88)	16.67	(13.53)	46.46
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
SOHU	1.99	0.10	0.04	0.04	2.80	(1.82)	4.11	(3.94)	14.72
MYPS	2.93	(0.57)	0.00	(0.38)	0.00	0.00	5.65	(5.91)	20.72
PLTK	1.95	(0.86)	0.00	(1.47)	0.00	0.00	2.14	(4.89)	21.10
BLITF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BRAG	3.10	0.43	0.12	0.32	3.12	(4.01)	7.87	(5.58)	28.30
GDEV	3.44	(0.12)	0.00	0.01	0.00	0.00	5.54	(6.16)	50.73

GameSquare Holdings Corporate Management

Darcy Lorincz	Chief Officer	Profile
Matthew Ehrens	Chief Officer	Profile
Jonathan Murnane	Executive Entertainment	Profile
David Paschkes	Ex Partnerships	Profile
Sabrina Hao	Head Board	Profile
Oluwafemi Okusanya	Head Studios	Profile
David Nadal	Chief Games	Profile

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