Skillz Platform Correlations

SKLZ Stock

USD 4.73 0.11 2.38%

The correlation of Skillz Platform 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.

Skillz Platform Correlation With Market

Good diversification

The correlation between Skillz Platform 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 Skillz Platform and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Skillz Platform. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more information on how to buy Skillz Stock please use our How to Invest in Skillz Platform guide.

Moving together with Skillz Stock

0.8	RBLX	Roblox Corp Buyout Trend	Pair Corr
0.71	MYPSW	PLAYSTUDIOS	Pair Corr
0.67	SNAL	Snail, Class A	Pair Corr
0.64	Z	Zillow Group Class	Pair Corr

Moving against Skillz Stock

0.79	EA	Electronic Arts	Pair Corr
0.78	GDC	GD Culture Group	Pair Corr
0.46	GDEV	GDEV Inc	Pair Corr
0.44	DJCO	Daily Journal Corp	Pair Corr
0.42	GMHS	Gamehaus Holdings Class	Pair Corr
0.41	BHAT	Blue Hat Interactive	Pair Corr
0.38	GXAI	Gaxosai	Pair Corr
0.56	WLYB	John Wiley Sons	Pair Corr
0.37	ZI	ZoomInfo Technologies	Pair Corr
0.37	ADD	Color Star Technology	Pair Corr
0.36	ANGHW	Anghami Warrants	Pair Corr
0.34	SJ	Scienjoy Holding Corp	Pair Corr

Related Correlations Analysis

	ATVI	BILI	TTWO	NTES	RBLX	EA	NTDOY	NTDOF	UBSFY
ATVI		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	ATVI
BILI	0.0		0.72	0.3	-0.56	0.12	0.63	0.61	0.54	BILI
TTWO	0.0	0.72		0.6	-0.19	-0.3	0.9	0.89	0.11	TTWO
NTES	0.0	0.3	0.6		0.34	-0.65	0.72	0.69	-0.3	NTES
RBLX	0.0	-0.56	-0.19	0.34		-0.64	0.07	0.07	-0.82	RBLX
EA	0.0	0.12	-0.3	-0.65	-0.64		-0.52	-0.53	0.5	EA
NTDOY	0.0	0.63	0.9	0.72	0.07	-0.52		0.99	-0.08	NTDOY
NTDOF	0.0	0.61	0.89	0.69	0.07	-0.53	0.99		-0.07	NTDOF
UBSFY	0.0	0.54	0.11	-0.3	-0.82	0.5	-0.08	-0.07		UBSFY
	ATVI	BILI	TTWO	NTES	RBLX	EA	NTDOY	NTDOF	UBSFY

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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

NTDOF	+ 0.99	NTDOY
NTDOY	+ 0.9	TTWO
NTDOF	+ 0.89	TTWO
TTWO	+ 0.72	BILI
NTDOY	+ 0.72	NTES
NTDOF	+ 0.69	NTES

High negative correlations

UBSFY	- 0.82	RBLX
EA	- 0.65	NTES
EA	- 0.64	RBLX
RBLX	- 0.56	BILI
NTDOF	- 0.53	EA
NTDOY	- 0.52	EA

Risk-Adjusted Indicators

There is a big difference between Skillz Stock performing well and Skillz Platform 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 Skillz Platform'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
ATVI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BILI	3.29	0.10	0.04	0.16	3.81	(3.69)	6.36	(5.41)	20.98
TTWO	1.36	0.20	0.14	0.38	1.50	(1.42)	3.00	(2.79)	17.26
NTES	1.61	0.10	0.07	0.15	1.91	(1.69)	3.75	(3.10)	12.65
RBLX	1.91	0.06	0.00	(0.02)	0.00	0.00	3.79	(4.00)	15.46
EA	1.41	(0.16)	0.00	(19.34)	0.00	0.00	2.72	(2.58)	17.97
NTDOY	1.75	0.31	0.15	0.61	1.88	(2.01)	3.67	(3.78)	11.20
NTDOF	2.32	0.36	0.13	0.42	2.60	(2.48)	4.87	(4.95)	16.42
UBSFY	2.40	0.19	0.08	0.39	2.63	(2.81)	5.49	(4.20)	14.58

Skillz Platform Corporate Management

Christopher Gaffney	Independent Director	Profile
Stefan Gerhard	VP Fin	Profile
Stanley Mbugua	Chief Accounting Officer	Profile
Charlotte Edelman	General Counsel and Corporate Secretary	Profile
Vandana Krantz	Independent Director	Profile

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