PLAYTIKA HOLDING Correlations
| 8II Stock | EUR 8.10 0.20 2.53% |
The current 90-days correlation between PLAYTIKA HOLDING and Sea Limited is -0.07 (i.e., Good diversification). The correlation of PLAYTIKA HOLDING 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.
PLAYTIKA HOLDING Correlation With Market
Modest diversification
The correlation between PLAYTIKA HOLDING DL 01 and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PLAYTIKA HOLDING DL 01 and DJI in the same portfolio, assuming nothing else is changed.
PLAYTIKA |
The ability to find closely correlated positions to PLAYTIKA HOLDING could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PLAYTIKA HOLDING 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 PLAYTIKA HOLDING - 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 PLAYTIKA HOLDING DL 01 to buy it.
Moving together with PLAYTIKA Stock
| 0.83 | 931 | Sea Limited | PairCorr |
| 0.84 | ERT | Electronic Arts | PairCorr |
| 0.85 | TKE | Take Two Interactive | PairCorr |
| 0.94 | AC8 | Aristocrat Leisure | PairCorr |
| 0.66 | BRH | Berkshire Hathaway | PairCorr |
| 0.69 | BRYN | Berkshire Hathaway | PairCorr |
| 0.7 | BRYN | Berkshire Hathaway | PairCorr |
Moving against PLAYTIKA Stock
| 0.84 | 7NX | NEXON Co | PairCorr |
| 0.83 | 7NX | NEXON Co | PairCorr |
| 0.72 | SSU | Samsung Electronics | PairCorr |
| 0.7 | SSUN | Samsung Electronics | PairCorr |
| 0.69 | HYU | Hyundai Motor | PairCorr |
| 0.62 | PKX | POSCO Holdings | PairCorr |
| 0.38 | DBPD | Xtrackers ShortDAX | PairCorr |
Related Correlations Analysis
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Be your own money manager
Our tools can tell you how much better you can do entering a position in PLAYTIKA HOLDING 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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