GameStop Corp Correlations

GameStop Corp Correlation With Market

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GameStop Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. For information on how to trade GameStop Stock refer to our How to Trade GameStop Stock guide.

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    IH + 0.87 HAFN IH + 0.75 SNCY SNCY + 0.61 HAFN ANDE + 0.39 EDTK DIT + 0.25 ANDE DIT + 0.21 EDTK

High negative correlations    DIT - 0.64 HAFN IH - 0.61 EDTK HAFN - 0.59 EDTK SNCY - 0.57 EDTK ANDE - 0.5 HAFN DIT - 0.47 IH

Risk-Adjusted Indicators

There is a big difference between GameStop Stock performing well and GameStop Corp 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 GameStop Corp'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.