GAMING FAC Correlations
| 9JU Stock | EUR 1.74 0.12 7.41% |
The current 90-days correlation between GAMING FAC SA and Sea Limited is -0.01 (i.e., Good diversification). The correlation of GAMING FAC 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.
GAMING FAC Correlation With Market
Significant diversification
The correlation between GAMING FAC SA and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GAMING FAC SA and DJI in the same portfolio, assuming nothing else is changed.
GAMING |
The ability to find closely correlated positions to GAMING FAC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GAMING FAC 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 GAMING FAC - 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 GAMING FAC SA to buy it.
Moving together with GAMING Stock
| 0.64 | 7NX | NEXON Co | PairCorr |
| 0.67 | 7NX | NEXON Co | PairCorr |
| 0.71 | SSUN | Samsung Electronics | PairCorr |
| 0.76 | SSU | Samsung Electronics | PairCorr |
| 0.68 | DBPD | Xtrackers ShortDAX | PairCorr |
Moving against GAMING Stock
| 0.83 | 931 | Sea Limited | PairCorr |
| 0.72 | AC8 | Aristocrat Leisure | PairCorr |
| 0.71 | KBIA | KB Financial Group | PairCorr |
| 0.65 | HY9H | SK hynix | PairCorr |
| 0.65 | DBPE | Xtrackers LevDAX | PairCorr |
| 0.58 | 71BA | Bilibili | PairCorr |
| 0.55 | TKE | Take Two Interactive | PairCorr |
| 0.53 | E908 | Lyxor 1 | PairCorr |
| 0.52 | ERT | Electronic Arts | PairCorr |
| 0.47 | BRYN | Berkshire Hathaway | PairCorr |
| 0.45 | BRYN | Berkshire Hathaway | PairCorr |
| 0.44 | BRH | Berkshire Hathaway | 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 GAMING FAC 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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