Golden Matrix Correlations

GMGI Stock

USD 2.05 0.07 3.54%

The current 90-days correlation between Golden Matrix Group and GameSquare Holdings is 0.04 (i.e., Significant diversification). The correlation of Golden Matrix 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.

Golden Matrix Correlation With Market

Average diversification

The correlation between Golden Matrix Group and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Golden Matrix Group 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 Golden Matrix 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 price.

Moving against Golden Stock

0.43	RBLX	Roblox Corp	Pair Corr
0.32	GRVY	Gravity	Pair Corr
0.53	Z	Zillow Group Class	Pair Corr
0.39	SNAL	Snail, Class A	Pair Corr
0.53	ZG	Zillow Group	Pair Corr
0.39	DOYU	DouYu International	Pair Corr

Related Correlations Analysis

	BLITF	GAME	MYPS	SNAL	DDI	TIIDF	SWMIF	SCPL	GDEVW
BLITF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	BLITF
GAME	0.0		0.55	0.52	0.43	0.0	0.0	0.0	0.09	GAME
MYPS	0.0	0.55		0.35	0.65	0.0	0.0	0.0	0.18	MYPS
SNAL	0.0	0.52	0.35		0.26	0.0	0.0	0.0	0.2	SNAL
DDI	0.0	0.43	0.65	0.26		0.0	0.0	0.0	0.19	DDI
TIIDF	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	SWMIF
SCPL	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	SCPL
GDEVW	0.0	0.09	0.18	0.2	0.19	0.0	0.0	0.0		GDEVW
	BLITF	GAME	MYPS	SNAL	DDI	TIIDF	SWMIF	SCPL	GDEVW

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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	+ 0.65	MYPS
MYPS	+ 0.55	GAME
SNAL	+ 0.52	GAME
DDI	+ 0.43	GAME
SNAL	+ 0.35	MYPS
DDI	+ 0.26	SNAL

High negative correlations

GDEVW	- 0.0	SCPL
GDEVW	- 0.0	SWMIF
SCPL	- 0.0	SWMIF
GDEVW	- 0.0	TIIDF
SCPL	- 0.0	TIIDF
SWMIF	- 0.0	TIIDF

Risk-Adjusted Indicators

There is a big difference between Golden Stock performing well and Golden Matrix 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 Golden Matrix'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
GAME	3.71	(0.21)	0.00	(0.61)	0.00	0.00	6.10	(10.00)	26.81
MYPS	2.99	(0.57)	0.00	(0.34)	0.00	0.00	5.65	(5.91)	20.72
SNAL	6.96	0.21	0.02	0.07	8.66	(7.32)	15.94	(13.53)	39.35
DDI	2.00	(0.17)	0.00	(0.51)	0.00	0.00	3.66	(4.77)	12.89
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
SCPL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GDEVW	14.45	0.68	0.05	(0.11)	16.00	(23.70)	32.56	(33.11)	213.83

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