GameStop Corp Correlations
| GS2C Stock | EUR 20.03 0.08 0.40% |
The current 90-days correlation between GameStop Corp and INTUITIVE SURGICAL is 0.07 (i.e., Significant diversification). The correlation of GameStop Corp 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.
GameStop Corp Correlation With Market
Good diversification
The correlation between GameStop Corp and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GameStop Corp and DJI in the same portfolio, assuming nothing else is changed.
GameStop |
The ability to find closely correlated positions to GameStop Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GameStop Corp 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 GameStop Corp - 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 GameStop Corp to buy it.
Moving together with GameStop Stock
Moving against GameStop Stock
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| 0.7 | JOT | ELEKTROBIT | PairCorr |
| 0.59 | LYV | Lundin Energy AB | PairCorr |
| 0.54 | OS3 | Otello ASA | PairCorr |
| 0.51 | TR4 | Tractor Supply Earnings Call This Week | PairCorr |
| 0.49 | HEI | Heidelberg Materials | PairCorr |
| 0.48 | B5R | Berkeley Energia | PairCorr |
| 0.37 | 34U | Ulta Beauty | PairCorr |
| 0.33 | D7GA | NEL ASA ADR30 | PairCorr |
| 0.32 | AG8 | AGILENT TECH | PairCorr |
Related Correlations Analysis
| 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
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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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| OM6 | 1.18 | (0.08) | 0.00 | (2.27) | 0.00 | 2.73 | 6.95 | |||
| TR4 | 1.72 | 0.20 | 0.00 | (0.24) | 2.02 | 4.18 | 10.55 | |||
| BUY | 2.18 | 0.28 | 0.01 | (0.18) | 2.76 | 4.14 | 17.64 | |||
| 94P | 1.26 | 0.14 | 0.02 | 0.55 | 1.45 | 3.01 | 10.45 | |||
| 2DG | 3.61 | 0.66 | 0.12 | 5.57 | 2.98 | 9.68 | 20.87 | |||
| IUI1 | 1.24 | 0.01 | (0.05) | 0.16 | 1.67 | 2.92 | 9.48 | |||
| 6HW | 0.64 | 0.14 | 0.01 | 3.49 | 0.60 | 2.46 | 5.60 | |||
| CZX | 0.58 | 0.17 | 0.04 | (7.17) | 0.30 | 1.69 | 4.92 | |||
| RS6 | 1.12 | 0.23 | 0.08 | 3.17 | 1.03 | 2.81 | 7.01 | |||
| VUSA | 0.81 | 0.17 | 0.07 | 0.71 | 0.76 | 2.65 | 6.39 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in GameStop Corp 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.Did you try this?
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GameStop Corp Corporate Management
Elected by the shareholders, the GameStop Corp's board of directors comprises two types of representatives: GameStop Corp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of GameStop. The board's role is to monitor GameStop Corp's management team and ensure that shareholders' interests are well served. GameStop Corp's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, GameStop Corp's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Joey Mooring | Sr Communications | Profile | |
| James Bell | Adviser | Profile | |
| Mark Robinson | G Sec | Profile | |
| Matt Francis | Chief Officer | Profile | |
| Matthew Furlong | CEO Pres | Profile | |
| Diana SaadehJajeh | VP CFO | Profile | |
| Marc Summey | VP Devel | Profile |