Gaming Corps Correlations
| GCOR Stock | SEK 1.05 0.04 3.96% |
The current 90-days correlation between Gaming Corps AB and Moberg Pharma AB is 0.18 (i.e., Average diversification). The correlation of Gaming Corps 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.
Gaming Corps Correlation With Market
Good diversification
The correlation between Gaming Corps AB and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gaming Corps AB and DJI in the same portfolio, assuming nothing else is changed.
Gaming |
The ability to find closely correlated positions to Gaming Corps could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gaming Corps 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 Gaming Corps - 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 Gaming Corps AB to buy it.
Moving together with Gaming Stock
| 0.61 | M8G | Media and Games | PairCorr |
| 0.64 | G5EN | G5 Entertainment publ | PairCorr |
| 0.73 | VOLV-B | AB Volvo | PairCorr |
| 0.74 | VOLV-A | AB Volvo | PairCorr |
Moving against Gaming Stock
| 0.76 | EMBRAC-B | Embracer Group AB Split | PairCorr |
| 0.76 | EG7 | Enad Global 7 | PairCorr |
| 0.76 | ERIC-A | Telefonaktiebolaget | PairCorr |
| 0.6 | SF | Stillfront Group | PairCorr |
| 0.43 | HM-B | H M Hennes Earnings Call This Week | PairCorr |
| 0.38 | VOLCAR-B | Volvo Car AB | PairCorr |
| 0.35 | FLEXM | Flexion Mobile PLC | PairCorr |
Related Correlations Analysis
| 0.49 | 0.3 | -0.26 | 0.25 | STAR-B | ||
| 0.49 | 0.63 | -0.23 | 0.56 | MOB | ||
| 0.3 | 0.63 | -0.07 | 0.61 | CANTA | ||
| -0.26 | -0.23 | -0.07 | -0.26 | KAN | ||
| 0.25 | 0.56 | 0.61 | -0.26 | ANOT | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Gaming Stock performing well and Gaming Corps 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 Gaming Corps' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| STAR-B | 2.66 | (0.30) | 0.00 | (3.28) | 0.00 | 5.26 | 15.79 | |||
| MOB | 2.58 | (0.13) | 0.00 | (0.44) | 0.00 | 7.64 | 28.67 | |||
| CANTA | 2.05 | (0.18) | 0.00 | (0.38) | 0.00 | 3.23 | 24.47 | |||
| KAN | 4.30 | 0.22 | 0.04 | 0.14 | 5.18 | 10.89 | 32.84 | |||
| ANOT | 6.48 | (0.56) | 0.00 | (0.34) | 0.00 | 23.08 | 77.41 |
Be your own money manager
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