Golden Entertainment Correlations
| GDEN Stock | USD 28.54 0.70 2.39% |
The current 90-days correlation between Golden Entertainment and Monarch Casino Resort is 0.18 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Golden Entertainment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Golden Entertainment moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Golden Entertainment Correlation With Market
Weak diversification
The correlation between Golden Entertainment and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Golden Entertainment and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Golden Stock
| 0.88 | RRR | Red Rock Resorts Earnings Call This Week | PairCorr |
| 0.78 | RL | Ralph Lauren Corp | PairCorr |
| 0.82 | ANF | Abercrombie Fitch | PairCorr |
| 0.83 | BKE | Buckle Inc | PairCorr |
| 0.68 | FOSL | Fossil Group | PairCorr |
| 0.8 | FND | Floor Decor Holdings | PairCorr |
| 0.62 | GES | Guess Inc | PairCorr |
| 0.89 | HVT | Haverty Furniture | PairCorr |
| 0.64 | TPH | TRI Pointe Homes Earnings Call This Week | PairCorr |
| 0.78 | UAA | Under Armour A | PairCorr |
| 0.73 | GRPN | Groupon | PairCorr |
| 0.83 | SCVL | Shoe Carnival | PairCorr |
| 0.69 | URBN | Urban Outfitters | PairCorr |
| 0.73 | RFG | Retail Food Group | PairCorr |
| 0.66 | INBX | Inhibrx Biosciences, | PairCorr |
| 0.76 | LNDNF | Lundin Energy AB | PairCorr |
Moving against Golden Stock
Related Correlations Analysis
| 0.84 | 0.76 | -0.56 | 0.79 | 0.1 | MCRI | ||
| 0.84 | 0.8 | -0.64 | 0.92 | 0.04 | RRR | ||
| 0.76 | 0.8 | -0.25 | 0.66 | 0.31 | FLL | ||
| -0.56 | -0.64 | -0.25 | -0.73 | 0.44 | BALY | ||
| 0.79 | 0.92 | 0.66 | -0.73 | -0.06 | CNTY | ||
| 0.1 | 0.04 | 0.31 | 0.44 | -0.06 | AGS | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Golden Stock performing well and Golden Entertainment 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 Golden Entertainment'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MCRI | 1.19 | 0.49 | 0.40 | 0.67 | 0.40 | 2.82 | 6.12 | |||
| RRR | 1.50 | 0.40 | 0.33 | 0.47 | 0.78 | 5.16 | 8.51 | |||
| FLL | 3.22 | 0.71 | 0.23 | 0.77 | 2.64 | 9.76 | 18.53 | |||
| BALY | 3.32 | (0.83) | 0.00 | (1.07) | 0.00 | 7.16 | 22.17 | |||
| CNTY | 3.48 | 1.19 | 0.24 | (2.31) | 3.37 | 10.61 | 32.69 | |||
| AGS | 0.16 | 0.06 | (0.25) | (3.08) | 0.00 | 0.41 | 0.91 |
Golden Entertainment Corporate Management
| Phyllis Gilland | General Counsel | Profile | |
| Blake Sr | Chairman CEO | Profile | |
| Blake II | Executive Operations | Profile | |
| Viktoryia Pulliam | Senior Officer | Profile |