Evolution Gaming Correlations
| EVVTY Stock | USD 58.93 0.01 0.02% |
The correlation of Evolution 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.
Evolution Gaming Correlation With Market
Very good diversification
The correlation between Evolution Gaming Group and DJI is -0.4 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Evolution Gaming Group and DJI in the same portfolio, assuming nothing else is changed.
Evolution |
The ability to find closely correlated positions to Evolution Gaming could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Evolution Gaming 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 Evolution Gaming - 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 Evolution Gaming Group to buy it.
Moving together with Evolution Pink Sheet
| 0.89 | EVGGF | Evolution AB | PairCorr |
| 0.89 | FLUT | Flutter Entertainment plc Earnings Call This Week | PairCorr |
| 0.84 | DKNG | DraftKings | PairCorr |
| 0.86 | GMVHY | Entain DRC PLC | PairCorr |
| 0.87 | GMVHF | Entain Plc | PairCorr |
Moving against Evolution Pink Sheet
| 0.38 | COHG | Cheetah Oil Gas | PairCorr |
| 0.82 | LAND | Gladstone Land Earnings Call This Week | PairCorr |
| 0.79 | MEGI | MainStay CBRE Global | PairCorr |
| 0.76 | AES | AES Earnings Call This Week | PairCorr |
| 0.75 | NNBR | NN Inc | PairCorr |
| 0.71 | PYTCY | Playtech PLC ADR | PairCorr |
| 0.7 | SHIP | Seanergy Maritime | PairCorr |
| 0.69 | FRSB | First Resource Bank | PairCorr |
| 0.66 | CAMZF | Camino Minerals | PairCorr |
| 0.54 | YLLXF | Yellow Cake plc | PairCorr |
| 0.51 | 482480AN0 | KLAC 525 15 | PairCorr |
| 0.42 | WELL | Welltower | PairCorr |
| 0.81 | CYD | China Yuchai Interna Earnings Call This Week | PairCorr |
| 0.74 | DUK-PA | Duke Energy | PairCorr |
| 0.7 | NTZ | Natuzzi SpA | PairCorr |
| 0.7 | BBDO | Banco Bradesco SA | PairCorr |
| 0.69 | PLSE | Pulse Biosciences | PairCorr |
| 0.66 | PRTS | CarPartsCom | PairCorr |
| 0.65 | JLHL | Julong Holding | PairCorr |
| 0.64 | TOPCF | Topcon | PairCorr |
Related Correlations Analysis
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
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Risk-Adjusted Indicators
There is a big difference between Evolution Pink Sheet performing well and Evolution 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 Evolution 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FUNFF | 132.26 | 65.36 | 1.03 | 7.78 | 43.08 | 525.00 | 890.00 | |||
| TRUA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GMBL | 7.17 | (0.55) | 0.00 | (0.40) | 0.00 | 16.67 | 54.38 | |||
| AIGI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| EMBR | 6.82 | 1.16 | 0.04 | (0.23) | 8.52 | 25.00 | 108.33 | |||
| EXPH | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SAML | 7.51 | 1.27 | 0.00 | (0.20) | 0.00 | 0.00 | 233.33 | |||
| PXFG | 0.03 | 0.00 | 0.00 | 0.97 | 0.00 | 0.00 | 0.00 | |||
| XFTB | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| OMWS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Evolution Gaming 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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Evolution Gaming Corporate Management
| Carl Linton | Head IR | Profile | |
| David Craelius | Chief Officer | Profile | |
| Richard Hadida | CoFounder Group | Profile | |
| Jacob Kaplan | Chief Officer | Profile | |
| Fredrik sterberg | CoFounder Director | Profile | |
| Martin Carlesund | Group Officer | Profile |