Penn National Correlations

Penn National Correlation With Market

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Penn National Gaming. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

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    MGMNF + 0.84 DNN APAM + 0.8 DNN EGP + 0.78 APAM MGMNF + 0.71 JYNT PMNXF + 0.67 DNN MGMNF + 0.67 APAM

High negative correlations    EGP - 0.0 CRZNF MGMNF - 0.0 CRZNF JYNT - 0.0 CRZNF PMNXF - 0.0 CRZNF APAM - 0.0 CRZNF DNN - 0.0 CRZNF

Risk-Adjusted Indicators

There is a big difference between Penn Stock performing well and Penn National 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 Penn National'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.