Playtika Holding Correlations

PLTK Stock

USD 4.49 0.14 3.02%

The current 90-days correlation between Playtika Holding Corp and Pet Acquisition LLC is 0.07 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Playtika Holding moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Playtika Holding Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Playtika Holding Correlation With Market

Very weak diversification

The correlation between Playtika Holding Corp and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Playtika Holding Corp and DJI in the same portfolio, assuming nothing else is changed.

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Playtika Holding 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 estimate.

Moving against Playtika Stock

0.54	NTES	NetEase	Pair Corr
0.54	RBLX	Roblox Corp	Pair Corr
0.51	CURIW	CuriosityStream	Pair Corr
0.48	SKLZ	Skillz Platform	Pair Corr
0.44	GMHS	Gamehaus Holdings Class	Pair Corr
0.42	GDEV	GDEV Inc	Pair Corr
0.41	MSGM	Motorsport Gaming	Pair Corr
0.39	GRVY	Gravity	Pair Corr
0.34	GXAI	Gaxosai	Pair Corr
0.32	TBH	Brag House Holdings,	Pair Corr
0.63	TC	TuanChe ADR	Pair Corr
0.58	TU	Telus Corp	Pair Corr
0.55	SE	Sea	Pair Corr
0.54	WB	Weibo Corp	Pair Corr
0.51	VENU	Venu Holding	Pair Corr
0.48	TV	Grupo Televisa SAB Earnings Call This Week	Pair Corr
0.46	ADD	Color Star Technology	Pair Corr
0.34	BATRK	Atlanta Braves Holdings,	Pair Corr

Related Correlations Analysis

	DDI	MYPS	SOHU	GDEV	FROG	MNDY	WOOF	SHLS
DDI		0.28	-0.15	0.13	0.04	0.05	0.37	0.11	DDI
MYPS	0.28		-0.34	0.53	0.42	0.3	0.08	0.2	MYPS
SOHU	-0.15	-0.34		0.22	0.43	0.54	-0.32	0.68	SOHU
GDEV	0.13	0.53	0.22		0.69	0.65	-0.26	0.61	GDEV
FROG	0.04	0.42	0.43	0.69		0.89	0.07	0.73	FROG
MNDY	0.05	0.3	0.54	0.65	0.89		0.02	0.7	MNDY
WOOF	0.37	0.08	-0.32	-0.26	0.07	0.02		-0.18	WOOF
SHLS	0.11	0.2	0.68	0.61	0.73	0.7	-0.18		SHLS
	DDI	MYPS	SOHU	GDEV	FROG	MNDY	WOOF	SHLS

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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

MNDY	+ 0.89	FROG
SHLS	+ 0.73	FROG
SHLS	+ 0.7	MNDY
FROG	+ 0.69	GDEV
SHLS	+ 0.68	SOHU
MNDY	+ 0.65	GDEV

High negative correlations

SOHU	- 0.34	MYPS
WOOF	- 0.32	SOHU
WOOF	- 0.26	GDEV
SHLS	- 0.18	WOOF
SOHU	- 0.15	DDI

Risk-Adjusted Indicators

There is a big difference between Playtika Stock performing well and Playtika Holding 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 Playtika Holding'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
DDI	1.94	(0.02)	(0.01)	0.10	4.99	(1.79)	3.75	(3.15)	33.51
MYPS	2.61	(0.19)	0.00	(0.03)	0.00	0.00	5.88	(5.41)	21.71
SOHU	2.13	0.88	0.25	4.19	2.43	(2.43)	5.31	(3.04)	16.05
GDEV	4.83	0.74	0.14	0.75	4.96	(5.43)	13.76	(7.76)	52.80
FROG	1.72	0.36	0.18	0.52	1.54	(1.93)	3.94	(2.96)	14.15
MNDY	1.84	0.08	0.06	0.19	2.27	(1.95)	4.05	(3.41)	13.49
WOOF	2.97	0.03	0.00	0.17	5.15	(3.00)	7.52	(5.44)	31.01
SHLS	4.05	0.89	0.13	1.95	5.43	(4.41)	9.51	(4.87)	42.33

Playtika Holding Corporate Management

Erez Rachmil	Chief Officer	Profile
Ariel Sandler	Chief Officer	Profile
Darlan Monterisi	Executive Communications	Profile
Ofer Kinberg	Executive Officer	Profile
Gili Brudno	Chief Officer	Profile
David Niederman	VP Markets	Profile

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