EAST SIDE Correlations
| BL1 Stock | 0.40 0.03 6.98% |
The current 90-days correlation between EAST SIDE GAMES and Sea Limited is 0.08 (i.e., Significant diversification). The correlation of EAST SIDE 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.
EAST SIDE Correlation With Market
Modest diversification
The correlation between EAST SIDE GAMES and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding EAST SIDE GAMES and DJI in the same portfolio, assuming nothing else is changed.
EAST |
The ability to find closely correlated positions to EAST SIDE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EAST SIDE 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 EAST SIDE - 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 EAST SIDE GAMES to buy it.
Moving together with EAST Stock
Moving against EAST Stock
| 0.64 | 931 | Sea Limited | PairCorr |
| 0.64 | AC8 | Aristocrat Leisure | PairCorr |
| 0.48 | TKE | Take Two Interactive | PairCorr |
| 0.44 | ERT | Electronic Arts | PairCorr |
| 0.37 | BRYN | Berkshire Hathaway | PairCorr |
| 0.36 | BRYN | Berkshire Hathaway | PairCorr |
| 0.33 | 71BA | Bilibili | PairCorr |
| 0.31 | KBIA | KB Financial Group | 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 EAST SIDE 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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