TSOGO SUN Correlations

G5E Stock

EUR 0.33 0.01 2.94%

The current 90-days correlation between TSOGO SUN GAMING and Galaxy Entertainment Group is -0.03 (i.e., Good diversification). The correlation of TSOGO SUN 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.

TSOGO SUN Correlation With Market

Significant diversification

The correlation between TSOGO SUN GAMING and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TSOGO SUN GAMING and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against TSOGO Stock

0.57	QB3	Quebecor	Pair Corr
0.53	6GI0	ENTAIN PLC UNSPADR1	Pair Corr
0.52	6GI	Entain Plc	Pair Corr
0.49	KW9A	Galaxy Entertainment	Pair Corr
0.47	599A	Sands China	Pair Corr
0.46	AZ6	EuropaCorp	Pair Corr
0.38	LCR	Las Vegas Sands Earnings Call This Week	Pair Corr
0.37	MGG	MGM Resorts International	Pair Corr
0.36	VAI	Vail Resorts	Pair Corr
0.35	BO5	Boyd Gaming Earnings Call This Week	Pair Corr
0.34	PP1	Papa Johns International	Pair Corr
0.33	WYR	Wynn Resorts Limited	Pair Corr

Related Correlations Analysis

	LCR	KW9A	599A	MGG	WYR	6GI0	6GI	VAI	36T	BO5
LCR		0.94	0.94	0.92	0.93	0.92	0.93	0.83	0.36	0.96	LCR
KW9A	0.94		0.92	0.79	0.84	0.92	0.92	0.91	0.26	0.94	KW9A
599A	0.94	0.92		0.89	0.91	0.84	0.85	0.79	0.34	0.89	599A
MGG	0.92	0.79	0.89		0.92	0.82	0.82	0.7	0.41	0.88	MGG
WYR	0.93	0.84	0.91	0.92		0.83	0.83	0.75	0.38	0.9	WYR
6GI0	0.92	0.92	0.84	0.82	0.83		1.0	0.82	0.2	0.94	6GI0
6GI	0.93	0.92	0.85	0.82	0.83	1.0		0.82	0.2	0.94	6GI
VAI	0.83	0.91	0.79	0.7	0.75	0.82	0.82		0.17	0.88	VAI
36T	0.36	0.26	0.34	0.41	0.38	0.2	0.2	0.17		0.31	36T
BO5	0.96	0.94	0.89	0.88	0.9	0.94	0.94	0.88	0.31		BO5
	LCR	KW9A	599A	MGG	WYR	6GI0	6GI	VAI	36T	BO5

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Risk-Adjusted Indicators

There is a big difference between TSOGO Stock performing well and TSOGO SUN 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 TSOGO SUN'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
LCR	1.85	0.64	0.27	(6.50)	1.36	(2.16)	6.28	(2.72)	11.39
KW9A	1.68	0.50	0.18	(5.61)	1.47	(2.23)	5.35	(2.72)	13.01
599A	2.32	0.57	0.13	(1.02)	2.40	(2.77)	5.36	(4.68)	14.68
MGG	1.87	0.38	0.13	(1.10)	1.51	(2.47)	4.88	(3.01)	9.70
WYR	1.78	0.53	0.23	4.27	1.35	(2.19)	4.48	(3.27)	12.41
6GI0	1.66	0.92	0.58	(2.19)	0.15	(2.53)	3.52	(1.49)	17.14
6GI	1.75	0.91	0.61	(4.37)	0.12	(2.34)	5.76	(1.76)	18.66
VAI	1.72	0.14	0.01	1.38	1.65	(2.53)	4.24	(3.17)	12.23
36T	3.05	0.27	0.02	(0.45)	3.25	(5.26)	8.51	(6.00)	17.11
BO5	1.29	0.37	0.11	(1.60)	1.44	(1.73)	3.31	(1.54)	12.35

Be your own money manager

Our tools can tell you how much better you can do entering a position in TSOGO SUN 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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