Corsair Gaming Correlations

Stocks . Germany . 
Stock . Corsair Gaming
6C2 Stock  EUR 7.96  0.18  2.21%   
The current 90-days correlation between Corsair Gaming and Harmony Gold Mining is -0.38 (i.e., Very good diversification). The correlation of Corsair 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.

Corsair Gaming Correlation With Market

Very weak diversification

The correlation between Corsair Gaming and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Corsair Gaming and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Corsair 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 Corsair 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 Corsair 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 Corsair Gaming to buy it.

Moving together with Corsair Stock

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Moving against Corsair Stock

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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   
SC3
+ 0.96
SC3
P4Q
+ 0.76
YZC
FJZ
+ 0.7
7RD
P4Q
+ 0.62
F7E1
SC3
+ 0.56
FJZ
SC3
+ 0.53
YZC
  
High negative correlations   
SC3
- 0.73
HAM
FJZ
- 0.68
HAM
SC3
- 0.65
HAM
7RD
- 0.46
HAM
7RD
- 0.33
F7E1
P4Q
- 0.13
7RD

Risk-Adjusted Indicators

There is a big difference between Corsair Stock performing well and Corsair 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 Corsair 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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Corsair Gaming 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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Corsair Gaming Corporate Management

Elected by the shareholders, the Corsair Gaming's board of directors comprises two types of representatives: Corsair Gaming inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Corsair. The board's role is to monitor Corsair Gaming's management team and ensure that shareholders' interests are well served. Corsair 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, Corsair Gaming's outside directors are responsible for providing unbiased perspectives on the board's policies.
Thi LaCOO PresProfile
Peter HilliardChief OfficerProfile
Ronald VeenVP RelationsProfile
Michael BuchananVP SalesProfile
Matthew HsuVP ProductsProfile
Michael PotterCFO OfficerProfile
Andrew PaulCEO FounderProfile
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