Color Star Correlations

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The current 90-days correlation between Color Star Technology and Guild Esports Plc is -0.09 (i.e., Good diversification). The correlation of Color Star 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.

Color Star Correlation With Market

Average diversification

The correlation between Color Star Technology and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Color Star Technology and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Color Star Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with Color Stock

0.9	TV	Grupo Televisa SAB	Pair Corr
0.69	IAS	Integral Ad Science	Pair Corr
0.66	CMCSA	Comcast Corp Aggressive Push	Pair Corr
0.66	NXST	Nexstar Broadcasting	Pair Corr
0.63	SPHR	Sphere Entertainment Earnings Call This Week	Pair Corr
0.75	TOON	Kartoon Studios,	Pair Corr
0.77	CMLS	Cumulus Media Class	Pair Corr
0.83	IQ	iQIYI Inc Aggressive Push	Pair Corr
0.71	TU	Telus Corp	Pair Corr
0.66	DLPN	Dolphin Entertainment	Pair Corr

Moving against Color Stock

0.88	DIS	Walt Disney Earnings Call This Week	Pair Corr
0.88	NCTY	The9 Ltd ADR	Pair Corr
0.84	PSO	Pearson PLC ADR	Pair Corr
0.83	SE	Sea	Pair Corr
0.79	Z	Zillow Group Class	Pair Corr
0.56	IMAX	Imax Corp	Pair Corr
0.56	T	ATT Inc Earnings Call This Week	Pair Corr
0.36	WIMI	WiMi Hologram Cloud	Pair Corr
0.33	DJCO	Daily Journal Corp	Pair Corr
0.83	OB	Outbrain	Pair Corr
0.81	YY	YY Inc Class	Pair Corr
0.77	WBTN	WEBTOON Entertainment	Pair Corr
0.75	ZG	Zillow Group	Pair Corr
0.68	VEON	VEON	Pair Corr
0.47	DOYU	DouYu International	Pair Corr
0.43	WB	Weibo Corp	Pair Corr
0.4	KT	KT Corporation	Pair Corr

Related Correlations Analysis

	GULDF	TRMNF	AGAEW	NETWF	HOFVW	GNUS	LVO	CNVS	ZUMRF
GULDF		0.23	0.48	0.27	0.14	0.42	-0.23	-0.1	-0.08	GULDF
TRMNF	0.23		0.08	0.05	0.06	0.21	0.04	0.06	0.04	TRMNF
AGAEW	0.48	0.08		0.8	0.48	0.1	-0.85	-0.62	-0.57	AGAEW
NETWF	0.27	0.05	0.8		0.6	0.2	-0.83	-0.83	-0.44	NETWF
HOFVW	0.14	0.06	0.48	0.6		0.33	-0.56	-0.55	-0.11	HOFVW
GNUS	0.42	0.21	0.1	0.2	0.33		-0.1	-0.17	0.21	GNUS
LVO	-0.23	0.04	-0.85	-0.83	-0.56	-0.1		0.74	0.55	LVO
CNVS	-0.1	0.06	-0.62	-0.83	-0.55	-0.17	0.74		0.27	CNVS
ZUMRF	-0.08	0.04	-0.57	-0.44	-0.11	0.21	0.55	0.27		ZUMRF
	GULDF	TRMNF	AGAEW	NETWF	HOFVW	GNUS	LVO	CNVS	ZUMRF

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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

NETWF	+ 0.8	AGAEW
CNVS	+ 0.74	LVO
HOFVW	+ 0.6	NETWF
ZUMRF	+ 0.55	LVO
AGAEW	+ 0.48	GULDF
HOFVW	+ 0.48	AGAEW

High negative correlations

LVO	- 0.85	AGAEW
CNVS	- 0.83	NETWF
LVO	- 0.83	NETWF
CNVS	- 0.62	AGAEW
ZUMRF	- 0.57	AGAEW
LVO	- 0.56	HOFVW

Risk-Adjusted Indicators

There is a big difference between Color Stock performing well and Color Star 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 Color Star'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
GULDF	49.82	23.29	0.00	(20.62)	0.00	0.00	0.00	0.00	1,048
TRMNF	8.03	2.73	0.00	(0.24)	0.00	0.00	18.18	(21.43)	143.93
AGAEW	11.47	(0.46)	0.00	(1.29)	0.00	0.00	25.00	(33.33)	83.33
NETWF	3.00	(0.57)	0.00	0.34	0.00	0.00	2.21	(17.84)	59.64
HOFVW	16.98	2.49	0.09	(1.19)	19.86	(20.99)	42.86	(37.50)	137.86
GNUS	3.29	0.34	0.08	0.71	3.37	(4.02)	9.09	(6.46)	19.55
LVO	5.01	1.20	0.19	(547.65)	5.04	(5.77)	11.93	(8.20)	43.82
CNVS	4.44	0.86	0.17	0.87	4.53	(5.11)	10.40	(6.54)	30.09
ZUMRF	46.76	21.90	0.00	0.97	0.00	0.00	0.00	0.00	1,567

Color Star Corporate Management

Farhan Qadir	CEO Director	Profile
John Shaw	Director Communications	Profile
Yanwei He	Finance Controller	Profile
Ma Xueying	Chief Engineer	Profile
Yang Liu	Vice Technology	Profile
Lili Jiang	Chief Officer	Profile

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