Gamehaus Holdings Correlations

GMHS Stock

1.44 0.15 9.43%

The current 90-days correlation between Gamehaus Holdings Class and GD Culture Group is 0.06 (i.e., Significant diversification). The correlation of Gamehaus Holdings 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.

Gamehaus Holdings Correlation With Market

Significant diversification

The correlation between Gamehaus Holdings Class and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gamehaus Holdings Class and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Gamehaus Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gamehaus Holdings Class. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with Gamehaus Stock

0.62	GDC	GD Culture Group	Pair Corr
0.65	GDEV	GDEV Inc	Pair Corr
0.64	GXAI	Gaxosai	Pair Corr
0.82	NTES	NetEase	Pair Corr
0.72	SKLZ	Skillz Platform	Pair Corr
0.61	Z	Zillow Group Class	Pair Corr
0.77	TC	TuanChe ADR	Pair Corr
0.83	TU	Telus Corp	Pair Corr
0.73	TV	Grupo Televisa SAB Earnings Call Tomorrow	Pair Corr
0.8	WB	Weibo Corp	Pair Corr

Moving against Gamehaus Stock

0.5	GDEVW	Nexters Warrant	Pair Corr
0.5	GIGM	Giga Media	Pair Corr
0.49	TRUG	Trugolf	Pair Corr
0.44	PLTK	Playtika Holding Corp	Pair Corr
0.42	BHAT	Blue Hat Interactive	Pair Corr
0.83	WIMI	WiMi Hologram Cloud	Pair Corr
0.57	ANGHW	Anghami Warrants	Pair Corr
0.33	IQ	iQIYI Inc Aggressive Push	Pair Corr
0.33	DRCT	Direct Digital Holdings	Pair Corr

Related Correlations Analysis

	GCLWW	GDEVW	DDI	GCL	GDC	TBH	GAME	GDEV	GIGM
GCLWW		-0.28	-0.35	0.5	0.56	0.39	0.48	-0.16	-0.07	GCLWW
GDEVW	-0.28		0.29	-0.69	-0.65	-0.41	-0.42	-0.28	0.24	GDEVW
DDI	-0.35	0.29		-0.07	-0.13	-0.28	0.12	0.02	0.17	DDI
GCL	0.5	-0.69	-0.07		0.88	0.4	0.76	0.24	-0.39	GCL
GDC	0.56	-0.65	-0.13	0.88		0.55	0.68	0.18	-0.33	GDC
TBH	0.39	-0.41	-0.28	0.4	0.55		0.19	0.44	-0.32	TBH
GAME	0.48	-0.42	0.12	0.76	0.68	0.19		0.11	-0.16	GAME
GDEV	-0.16	-0.28	0.02	0.24	0.18	0.44	0.11		-0.47	GDEV
GIGM	-0.07	0.24	0.17	-0.39	-0.33	-0.32	-0.16	-0.47		GIGM
	GCLWW	GDEVW	DDI	GCL	GDC	TBH	GAME	GDEV	GIGM

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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

GDC	+ 0.88	GCL
GAME	+ 0.76	GCL
GAME	+ 0.68	GDC
GDC	+ 0.56	GCLWW
TBH	+ 0.55	GDC
GCL	+ 0.5	GCLWW

High negative correlations

GCL	- 0.69	GDEVW
GDC	- 0.65	GDEVW
GIGM	- 0.47	GDEV
GAME	- 0.42	GDEVW
TBH	- 0.41	GDEVW
GIGM	- 0.39	GCL

Risk-Adjusted Indicators

There is a big difference between Gamehaus Stock performing well and Gamehaus Holdings 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 Gamehaus Holdings' 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
GCLWW	10.86	1.96	0.08	(0.27)	11.63	(18.39)	27.07	(24.82)	128.53
GDEVW	17.43	2.62	0.11	(7.70)	17.92	(21.47)	39.23	(33.84)	213.83
DDI	1.96	0.04	(0.01)	0.35	4.91	(1.82)	3.75	(3.15)	33.51
GCL	3.02	0.97	0.23	11.31	2.56	(3.38)	6.79	(5.14)	36.83
GDC	5.16	0.33	0.07	0.28	6.12	(5.76)	12.08	(7.95)	39.43
TBH	5.48	0.28	0.05	0.33	6.13	(6.94)	10.91	(9.52)	72.22
GAME	7.56	1.88	0.24	44.73	6.10	(10.94)	15.63	(9.04)	89.07
GDEV	4.83	0.74	0.14	0.75	4.96	(5.43)	13.76	(7.76)	52.80
GIGM	1.65	(0.11)	0.00	(0.71)	0.00	0.00	4.83	(2.70)	12.31

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