Inspired Entertainment Correlations

INSE Stock

USD 9.02 0.13 1.42%

The current 90-days correlation between Inspired Entertainment and Gambling Group is 0.04 (i.e., Significant diversification). The correlation of Inspired Entertainment 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.

Inspired Entertainment Correlation With Market

Very weak diversification

The correlation between Inspired Entertainment and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Inspired Entertainment 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 Inspired Entertainment. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

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

Moving together with Inspired Stock

0.62	FATBB	FAT Brands	Pair Corr
0.65	EWCZ	European Wax Center Potential Growth	Pair Corr
0.86	GIL	Gildan Activewear	Pair Corr

Moving against Inspired Stock

0.39

MHO

MI Homes

Pair Corr

Related Correlations Analysis

	CPHC	ACEL	GAMB	PMKRF	AGS	LNW	EVRI	IGT	CDRO
CPHC		0.41	0.46	0.0	-0.41	-0.46	-0.1	0.16	-0.13	CPHC
ACEL	0.41		0.84	0.0	0.24	-0.08	0.48	0.14	0.34	ACEL
GAMB	0.46	0.84		0.0	-0.06	-0.25	0.21	0.03	0.27	GAMB
PMKRF	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	PMKRF
AGS	-0.41	0.24	-0.06	0.0		0.7	0.86	0.03	0.47	AGS
LNW	-0.46	-0.08	-0.25	0.0	0.7		0.71	0.41	0.75	LNW
EVRI	-0.1	0.48	0.21	0.0	0.86	0.71		0.34	0.7	EVRI
IGT	0.16	0.14	0.03	0.0	0.03	0.41	0.34		0.51	IGT
CDRO	-0.13	0.34	0.27	0.0	0.47	0.75	0.7	0.51		CDRO
	CPHC	ACEL	GAMB	PMKRF	AGS	LNW	EVRI	IGT	CDRO

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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

EVRI	+ 0.86	AGS
GAMB	+ 0.84	ACEL
CDRO	+ 0.75	LNW
EVRI	+ 0.71	LNW
LNW	+ 0.7	AGS
CDRO	+ 0.7	EVRI

High negative correlations

LNW	- 0.46	CPHC
AGS	- 0.41	CPHC
LNW	- 0.25	GAMB
CDRO	- 0.13	CPHC
EVRI	- 0.1	CPHC
LNW	- 0.08	ACEL

Risk-Adjusted Indicators

There is a big difference between Inspired Stock performing well and Inspired Entertainment 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 Inspired Entertainment'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
CPHC	1.69	(0.16)	0.00	(0.74)	0.00	0.00	2.93	(3.49)	13.61
ACEL	1.45	(0.17)	0.00	(0.19)	0.00	0.00	2.90	(3.22)	12.11
GAMB	2.44	(0.11)	0.00	0.40	0.00	0.00	5.31	(5.11)	16.02
PMKRF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AGS	0.24	0.08	0.23	1.54	0.00	(0.31)	0.52	(0.35)	2.38
LNW	1.57	0.29	0.16	0.26	1.61	(1.81)	4.28	(3.06)	15.12
EVRI	0.15	0.00	0.01	0.06	0.14	(0.17)	0.29	(0.22)	1.32
IGT	1.24	(0.07)	0.00	(0.12)	0.00	0.00	2.06	(2.30)	6.57
CDRO	2.35	0.05	0.02	0.04	2.75	(2.65)	4.62	(4.55)	20.10

Inspired Entertainment Corporate Management

Lorna Evans	Vice Development	Profile
Eric Carrera	Vice Development	Profile
Tariq Tufail	Chief Officer	Profile
Steven Collett	Chief Officer	Profile
Simona Camilleri	General Counsel	Profile
Daniel Silvers	Chief Strategy Officer	Profile

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