GameStop Corp Correlations

Stocks . Germany . 
Stock . GameStop Corp
GS2C Stock  EUR 21.53  0.05  0.23%   
The current 90-days correlation between GameStop Corp and Wizz Air Holdings is -0.12 (i.e., Good diversification). The correlation of GameStop Corp 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.
  
The ability to find closely correlated positions to GameStop Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GameStop Corp 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 GameStop Corp - 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 GameStop Corp to buy it.

Moving together with GameStop Stock

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  0.636F1 Five BelowPairCorr
  0.79J9I0 5E ADVANCED MATERIALS SplitPairCorr
  0.88DBPD Xtrackers ShortDAXPairCorr

Moving against GameStop Stock

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  0.56KGHA KGHM Polska Miedz Earnings Call This WeekPairCorr
  0.51MLB1 MercadoLibrePairCorr
  0.51SVM Sovereign MetalsPairCorr
  0.43ODQ ODYSSEY GOLD LTDPairCorr
  0.35GPT Genuine PartsPairCorr
  0.86VOWA VOLKSWAGEN ADR 110ONPairCorr
  0.86DBPE Xtrackers LevDAXPairCorr
  0.84WY8 Universal Health RealtyPairCorr
  0.76E908 Lyxor 1PairCorr
  0.7519YA Yiren DigitalPairCorr
  0.69STD STANDARD CHARTEREDPairCorr
  0.67RHM Rheinmetall AGPairCorr
  0.66AG1 AUTO1 Group SEPairCorr
  0.63LBL KAROON GAS AUSTPairCorr
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  0.62AV6 AvistaPairCorr
  0.6CJH CanSino BiologicsPairCorr
  0.6APM AD PEPPER MEDIAPairCorr
  0.53T77 LendingTreePairCorr
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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   
NWC
+ 0.78
WI2
ISW
+ 0.72
6C2
ISW
+ 0.67
WI2
ISW
+ 0.6
NWC
6C2
+ 0.57
WI2
2U0
+ 0.51
WI2
  
High negative correlations   
8A2
- 0.49
WI2
2U0
- 0.41
8A2
NWC
- 0.39
8A2
ISW
- 0.24
8A2
DT7
- 0.2
8A2
DD6
- 0.0
2U0

Risk-Adjusted Indicators

There is a big difference between GameStop Stock performing well and GameStop Corp 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 GameStop Corp'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in GameStop Corp without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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GameStop Corp Corporate Management

Elected by the shareholders, the GameStop Corp's board of directors comprises two types of representatives: GameStop Corp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of GameStop. The board's role is to monitor GameStop Corp's management team and ensure that shareholders' interests are well served. GameStop Corp's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, GameStop Corp's outside directors are responsible for providing unbiased perspectives on the board's policies.
Joey MooringSr CommunicationsProfile
James BellAdviserProfile
Mark RobinsonG SecProfile
Matt FrancisChief OfficerProfile
Matthew FurlongCEO PresProfile
Diana SaadehJajehVP CFOProfile
Marc SummeyVP DevelProfile
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