Gentoo Media Correlations

G2M Stock

11.80 0.66 5.30%

The current 90-days correlation between Gentoo Media and Indutrade AB is 0.17 (i.e., Average diversification). The correlation of Gentoo Media 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.

Gentoo Media Correlation With Market

Average diversification

The correlation between Gentoo Media and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gentoo Media and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Gentoo Media could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gentoo Media 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 Gentoo Media - 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 Gentoo Media to buy it.

Moving against Gentoo Stock

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0.35	VOLV-B	AB Volvo	Pair Corr
0.34	VOLV-A	AB Volvo	Pair Corr
0.31	INVE-B	Investor AB ser	Pair Corr

Related Correlations Analysis

	INDT	LADYLU	G5EN	UPSALE	USWE	SALT-B	ORES
INDT		-0.11	-0.35	-0.27	-0.37	-0.09	-0.12	INDT
LADYLU	-0.11		0.27	-0.19	0.04	-0.26	0.02	LADYLU
G5EN	-0.35	0.27		0.16	0.21	0.04	0.08	G5EN
UPSALE	-0.27	-0.19	0.16		0.44	0.5	0.32	UPSALE
USWE	-0.37	0.04	0.21	0.44		0.5	0.76	USWE
SALT-B	-0.09	-0.26	0.04	0.5	0.5		0.73	SALT-B
ORES	-0.12	0.02	0.08	0.32	0.76	0.73		ORES
	INDT	LADYLU	G5EN	UPSALE	USWE	SALT-B	ORES

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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

ORES	+ 0.76	USWE
ORES	+ 0.73	SALT-B
SALT-B	+ 0.5	UPSALE
SALT-B	+ 0.5	USWE
USWE	+ 0.44	UPSALE
ORES	+ 0.32	UPSALE

High negative correlations

USWE	- 0.37	INDT
G5EN	- 0.35	INDT
UPSALE	- 0.27	INDT
SALT-B	- 0.26	LADYLU
UPSALE	- 0.19	LADYLU
ORES	- 0.12	INDT

Risk-Adjusted Indicators

There is a big difference between Gentoo Stock performing well and Gentoo Media 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 Gentoo Media'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
INDT	1.32	(0.06)	0.00	(0.18)	0.00	0.00	2.84	(2.73)	10.29
LADYLU	3.21	0.38	0.05	(4.06)	3.20	(6.27)	8.89	(7.84)	25.18
G5EN	1.92	0.14	0.00	(1.09)	3.71	(1.89)	3.31	(2.79)	23.68
UPSALE	2.36	0.27	0.01	(0.23)	3.20	(2.87)	5.82	(4.89)	25.69
USWE	2.37	0.98	0.45	(51.11)	1.07	(3.73)	6.37	(1.98)	23.11
SALT-B	2.71	0.15	0.05	0.28	2.70	(3.27)	7.26	(4.51)	22.52
ORES	0.89	0.28	0.23	1.34	0.37	(1.22)	2.29	(1.20)	7.03

Gentoo Media Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Gentoo Media stock to make a market-neutral strategy. Peer analysis of Gentoo Media could also be used in its relative valuation, which is a method of valuing Gentoo Media by comparing valuation metrics with similar companies.

Indutrade AB LL Lucky Games G5 Entertainment publ Upsales Technology AB USWE Sports AB SaltX Technology Holding Investment AB Oresund American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp

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