Corsair Gaming Correlations
| CRSR Stock | USD 12.42 0.09 0.72% |
The current 90-days correlation between Corsair Gaming and Clover Health Investments is 0.22 (i.e., Modest diversification). The correlation of Corsair Gaming 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Corsair Gaming Correlation With Market
Weak diversification
The correlation between Corsair Gaming and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Corsair Gaming and DJI in the same portfolio, assuming nothing else is changed.
Corsair |
Moving together with Corsair Stock
| 0.79 | IBM | International Business | PairCorr |
| 0.87 | META | Meta Platforms Aggressive Push | PairCorr |
| 0.69 | MMSI | Merit Medical Systems | PairCorr |
| 0.76 | PLTR | Palantir Technologies Aggressive Push | PairCorr |
| 0.72 | COST | Costco Wholesale Corp | PairCorr |
| 0.81 | WMT | Walmart Earnings Call This Week | PairCorr |
| 0.71 | AXP | American Express | PairCorr |
| 0.91 | JPM | JPMorgan Chase | PairCorr |
| 0.89 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.85 | MMM | 3M Company | PairCorr |
| 0.85 | GE | GE Aerospace Sell-off Trend | PairCorr |
| 0.66 | KO | Coca Cola Aggressive Push | PairCorr |
Moving against Corsair Stock
| 0.49 | DIOD | Diodes Incorporated | PairCorr |
| 0.44 | DSWL | Deswell Industries | PairCorr |
| 0.38 | NVDA | NVIDIA Aggressive Push | PairCorr |
| 0.36 | HPQ | HP Inc | PairCorr |
| 0.42 | AA | Alcoa Corp | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Corsair Stock performing well and Corsair Gaming 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 Corsair Gaming'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TTCF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CLOV | 2.24 | 0.43 | 0.18 | 0.31 | 2.06 | 5.59 | 13.31 | |||
| SKLZ | 3.00 | 0.44 | 0.14 | 0.51 | 2.69 | 7.41 | 21.24 | |||
| FUBO | 9.00 | 3.63 | 0.65 | (6.29) | 4.13 | 10.10 | 265.77 | |||
| WISH | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Corsair Gaming Corporate Management
| Michael Buchanan | Senior Sales | Profile | |
| Gregg Lakritz | Advisor | Profile | |
| Geoff Lyons | Senior Components | Profile | |
| Peter Hilliard | Chief Officer | Profile | |
| Ronald Veen | Vice Relations | Profile |