Electronic Arts Correlations

EA Stock

USD 166.67 1.30 0.77%

The current 90-days correlation between Electronic Arts and Playstudios is 0.2 (i.e., Modest diversification). The correlation of Electronic Arts 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.

Electronic Arts Correlation With Market

Modest diversification

The correlation between Electronic Arts and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Electronic Arts and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Electronic Arts. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

For information on how to trade Electronic Stock refer to our How to Trade Electronic Stock guide.

Moving together with Electronic Stock

0.77	GIGM	Giga Media	Pair Corr
0.78	GMGI	Golden Matrix Group	Pair Corr
0.75	GRVY	Gravity	Pair Corr
0.65	MYPS	Playstudios	Pair Corr
0.78	PLTK	Playtika Holding Corp	Pair Corr
0.78	RBLX	Roblox Corp	Pair Corr
0.97	TTWO	Take Two Interactive	Pair Corr
0.67	Z	Zillow Group Class	Pair Corr
0.87	DJCO	Daily Journal Corp	Pair Corr
0.88	EB	Eventbrite Class A	Pair Corr

Moving against Electronic Stock

0.46	MYPSW	PLAYSTUDIOS	Pair Corr
0.45	MSGM	Motorsport Gaming	Pair Corr
0.31	GXAI	Gaxosai Symbol Change	Pair Corr
0.79	SOHU	SohuCom	Pair Corr
0.71	TRUG	Trugolf Symbol Change	Pair Corr
0.55	SKLZ	Skillz Platform	Pair Corr
0.52	BHAT	Blue Hat Interactive	Pair Corr
0.33	IQ	iQIYI Inc	Pair Corr
0.85	TC	TuanChe ADR	Pair Corr
0.82	TU	Telus Corp	Pair Corr
0.61	DLPN	Dolphin Entertainment	Pair Corr
0.55	YQ	17 Education Technology	Pair Corr
0.5	VZ	Verizon Communications Aggressive Push	Pair Corr
0.45	DRCT	Direct Digital Holdings	Pair Corr

Related Correlations Analysis

	MYPS	TALKW	KPLTW	AQUI	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	70082LAB3
MYPS		-0.05	-0.11	0.0	-0.13	0.17	0.61	0.09	0.69	0.1	MYPS
TALKW	-0.05		0.13	0.0	0.57	0.53	0.33	0.34	0.23	0.69	TALKW
KPLTW	-0.11	0.13		0.0	-0.29	-0.43	0.08	-0.33	-0.18	0.42	KPLTW
AQUI	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	AQUI
MSTSX	-0.13	0.57	-0.29	0.0		0.69	-0.13	0.81	-0.05	0.16	MSTSX
LBHIX	0.17	0.53	-0.43	0.0	0.69		0.16	0.72	0.24	0.09	LBHIX
VIASP	0.61	0.33	0.08	0.0	-0.13	0.16		-0.04	0.78	0.5	VIASP
RRTLX	0.09	0.34	-0.33	0.0	0.81	0.72	-0.04		0.02	0.01	RRTLX
OSHDF	0.69	0.23	-0.18	0.0	-0.05	0.24	0.78	0.02		0.32	OSHDF
70082LAB3	0.1	0.69	0.42	0.0	0.16	0.09	0.5	0.01	0.32		70082LAB3
	MYPS	TALKW	KPLTW	AQUI	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	70082LAB3

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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

RRTLX	+ 0.81	MSTSX
OSHDF	+ 0.78	VIASP
RRTLX	+ 0.72	LBHIX
OSHDF	+ 0.69	MYPS
70082LAB3	+ 0.69	TALKW
LBHIX	+ 0.69	MSTSX

High negative correlations

LBHIX	- 0.43	KPLTW
RRTLX	- 0.33	KPLTW
MSTSX	- 0.29	KPLTW
OSHDF	- 0.18	KPLTW
VIASP	- 0.13	MSTSX
MSTSX	- 0.13	MYPS

Risk-Adjusted Indicators

There is a big difference between Electronic Stock performing well and Electronic Arts 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 Electronic Arts' 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
MYPS	2.43	0.14	0.07	0.20	2.77	(2.95)	6.17	(5.00)	14.58
TALKW	7.90	2.35	0.23	5.62	7.41	(10.13)	18.18	(15.38)	86.12
KPLTW	8.35	0.68	0.01	(0.05)	11.10	(11.23)	22.81	(20.31)	87.35
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MSTSX	0.50	(0.04)	(0.13)	0.06	0.52	(0.61)	1.21	(1.02)	2.80
LBHIX	0.11	0.02	(0.41)	2.96	0.00	(0.29)	0.24	(0.24)	0.96
VIASP	0.72	0.00	(0.02)	0.00	1.05	(0.80)	2.28	(1.15)	7.18
RRTLX	0.24	0.00	(0.33)	0.37	0.26	(0.27)	0.56	(0.56)	1.37
OSHDF	39.65	22.65	0.00	(0.96)	0.00	0.00	0.00	0.00	1,329
70082LAB3	0.99	0.03	(0.04)	1.55	2.18	(1.09)	1.75	(1.69)	24.27

Electronic Arts Corporate Executives

Elected by the shareholders, the Electronic Arts' board of directors comprises two types of representatives: Electronic Arts inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Electronic. The board's role is to monitor Electronic Arts' management team and ensure that shareholders' interests are well served. Electronic Arts' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Electronic Arts' outside directors are responsible for providing unbiased perspectives on the board's policies.

Stuart Canfield

Executive CFO

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