NFT Gaming Correlations

Summary

NFTGDelisted Stock

0.71 0.01 1.43%

The correlation of NFT Gaming 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.

NFT Gaming Correlation With Market

Good diversification

The correlation between The NFT Gaming and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The NFT Gaming and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving against NFT Stock

0.64	SSNLF	Samsung Electronics	Pair Corr
0.64	PTAIF	PT Astra International	Pair Corr
0.55	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.53	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.5	HD	Home Depot	Pair Corr
0.45	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.45	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.44	HPQ	HP Inc	Pair Corr
0.43	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.42	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.41	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.41	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.39	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.31	JPM	JPMorgan Chase Sell-off Trend	Pair Corr

Related Correlations Analysis

	GMGI	DDI	MYPS	TIIDF	SWMIF	MGAM	MSGM	APETF	VSQTF
GMGI		0.48	0.35	0.0	-0.51	-0.23	-0.42	-0.22	0.19	GMGI
DDI	0.48		0.16	0.0	-0.27	-0.42	0.15	-0.14	0.05	DDI
MYPS	0.35	0.16		0.0	-0.41	-0.2	-0.28	-0.24	0.44	MYPS
TIIDF	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	TIIDF
SWMIF	-0.51	-0.27	-0.41	0.0		0.65	0.48	0.65	-0.65	SWMIF
MGAM	-0.23	-0.42	-0.2	0.0	0.65		-0.02	0.59	-0.32	MGAM
MSGM	-0.42	0.15	-0.28	0.0	0.48	-0.02		0.18	-0.2	MSGM
APETF	-0.22	-0.14	-0.24	0.0	0.65	0.59	0.18		-0.45	APETF
VSQTF	0.19	0.05	0.44	0.0	-0.65	-0.32	-0.2	-0.45		VSQTF
	GMGI	DDI	MYPS	TIIDF	SWMIF	MGAM	MSGM	APETF	VSQTF

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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

MGAM	+ 0.65	SWMIF
APETF	+ 0.65	SWMIF
APETF	+ 0.59	MGAM
DDI	+ 0.48	GMGI
MSGM	+ 0.48	SWMIF
VSQTF	+ 0.44	MYPS

High negative correlations

VSQTF	- 0.65	SWMIF
SWMIF	- 0.51	GMGI
VSQTF	- 0.45	APETF
MGAM	- 0.42	DDI
MSGM	- 0.42	GMGI
SWMIF	- 0.41	MYPS

Risk-Adjusted Indicators

There is a big difference between NFT Stock performing well and NFT Gaming 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 NFT Gaming'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
GMGI	3.88	(0.16)	(0.02)	0.03	4.77	(4.62)	9.16	(7.41)	29.74
DDI	2.59	(0.09)	(0.02)	0.05	3.39	(2.57)	4.94	(4.76)	22.06
MYPS	2.32	0.21	0.09	0.26	2.66	(2.80)	6.17	(4.73)	14.58
TIIDF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SWMIF	10.24	(1.78)	0.00	(0.03)	0.00	0.00	36.00	(31.25)	126.17
MGAM	3.36	(0.44)	0.00	0.64	0.00	0.00	6.52	(7.41)	39.68
MSGM	3.97	0.41	0.06	17.84	4.21	(5.10)	11.97	(7.46)	49.88
APETF	14.07	1.39	0.08	0.43	16.66	(17.37)	30.34	(26.12)	146.17
VSQTF	3.97	0.94	0.13	(2.13)	3.85	(5.21)	15.94	(8.22)	28.90

Delisting Warning - NFTG

NFT Gaming was delisted

The entity The NFT Gaming with a symbol NFTG was delisted from NASDAQ Exchange. Please try Gaxosai with a symbol GXAI from now on. Check all delisted instruments accross multiple markets.

Still Interested in The NFT Gaming?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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