Gaming Correlations
| 2GL Stock | EUR 41.04 0.87 2.17% |
The current 90-days correlation between Gaming and Leisure and GPT Group is -0.22 (i.e., Very good diversification). The correlation of 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.
Gaming Correlation With Market
Very good diversification
The correlation between Gaming and Leisure and DJI is -0.24 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gaming and Leisure and DJI in the same portfolio, assuming nothing else is changed.
Gaming |
The ability to find closely correlated positions to Gaming could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gaming 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 Gaming - 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 Gaming and Leisure to buy it.
Moving together with Gaming Stock
Moving against Gaming Stock
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| 0.62 | F5D | Covivio SA Earnings Call This Week | PairCorr |
| 0.61 | 46T | GPT Group | PairCorr |
| 0.61 | E908 | Lyxor 1 | PairCorr |
| 0.61 | DBPE | Xtrackers LevDAX | PairCorr |
| 0.59 | SSU | Samsung Electronics | PairCorr |
| 0.54 | HY9H | SK hynix | PairCorr |
| 0.52 | 2WGA | WOORI FIN GRP | PairCorr |
| 0.51 | 6LA | Lamar Advertising | PairCorr |
| 0.5 | LN1 | Stockland | PairCorr |
| 0.46 | SSUN | Samsung Electronics | PairCorr |
| 0.45 | WPY | W P Carey | PairCorr |
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
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Risk-Adjusted Indicators
There is a big difference between Gaming Stock performing well and 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 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 2GL | 1.15 | 0.05 | 0.00 | 0.06 | 0.00 | 2.62 | 9.30 | |||
| 46T | 1.84 | 0.18 | 0.04 | 0.48 | 2.29 | 5.51 | 15.99 | |||
| 94P | 1.29 | 0.27 | 0.01 | (24.08) | 1.42 | 3.45 | 8.04 | |||
| 2DG | 3.25 | 0.49 | 0.03 | (0.81) | 3.10 | 9.09 | 20.87 | |||
| IUI1 | 1.61 | (0.22) | (0.05) | 0.10 | 2.07 | 3.23 | 26.44 | |||
| 6HW | 0.76 | 0.21 | (0.01) | 1.65 | 0.53 | 2.60 | 6.48 | |||
| VOW | 1.37 | 0.28 | 0.01 | (26.41) | 1.39 | 3.28 | 8.14 | |||
| CZX | 0.65 | 0.14 | (0.06) | 0.85 | 0.37 | 1.75 | 5.18 | |||
| RS6 | 1.27 | 0.32 | 0.01 | (1.04) | 1.11 | 3.08 | 11.93 | |||
| 3RKU | 1.88 | 0.55 | 0.19 | 1.39 | 1.56 | 4.62 | 12.67 |
Be your own money manager
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Gaming Corporate Management
Elected by the shareholders, the Gaming's board of directors comprises two types of representatives: Gaming inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Gaming. The board's role is to monitor Gaming's management team and ensure that shareholders' interests are well served. Gaming'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, Gaming's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Brad Cohen | IR Contact Officer | Profile | |
| Matthew CFA | VP Officer | Profile | |
| Kara Smith | IR Contact Officer | Profile | |
| Steven Ladany | Sr Officer | Profile |