Evolution Gaming Correlations
| EVVTY Stock | USD 67.75 0.02 0.03% |
The current 90-days correlation between Evolution Gaming and Sekisui House Ltd is 0.06 (i.e., Significant diversification). 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
Good diversification
The correlation between Evolution Gaming Group and DJI is -0.03 (i.e., 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
| 0.82 | FLUT | Flutter Entertainment plc | PairCorr |
| 0.95 | EVGGF | Evolution AB | PairCorr |
| 0.68 | ARLUF | Aristocrat Leisure | PairCorr |
| 0.87 | GMVHY | Entain DRC PLC | PairCorr |
| 0.87 | GMVHF | Entain Plc | PairCorr |
Moving against Evolution Pink Sheet
| 0.86 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.82 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.78 | PTAIY | Astra International Tbk | PairCorr |
| 0.71 | PBCRY | Bank Central Asia | PairCorr |
| 0.65 | CHDN | Churchill Downs | PairCorr |
| 0.44 | BKRKY | Bank Rakyat | PairCorr |
| 0.38 | TLKMF | Telkom Indonesia Tbk | PairCorr |
| 0.37 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.89 | LCDX | Caliber Imaging Diag | PairCorr |
| 0.78 | DGWPF | Drgerwerk AG | PairCorr |
| 0.77 | CASXF | Casa Minerals | PairCorr |
| 0.75 | NAUFF | NevGold Corp | PairCorr |
| 0.71 | CTOWY | China TowerLimited | PairCorr |
| 0.58 | FTV | Fortive Corp | PairCorr |
| 0.54 | ADAMI | New York Mortgage Symbol Change | PairCorr |
| 0.53 | LUMN | Lumen Technologies Buyout Trend | PairCorr |
| 0.52 | SYF | Synchrony Financial | PairCorr |
| 0.47 | BROS | Dutch Bros | PairCorr |
| 0.41 | DB | Deutsche Bank AG | PairCorr |
| 0.4 | NMRD | Nemaura Medical | PairCorr |
| 0.34 | SMXWW | SMX Public Limited | PairCorr |
| 0.32 | FHELF | First Helium | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SKHSY | 1.08 | (0.07) | (0.04) | 0.02 | 1.56 | 1.88 | 6.53 | |||
| SKHSF | 2.77 | 0.05 | 0.01 | 0.15 | 3.31 | 6.58 | 14.95 | |||
| PTAIF | 0.38 | (0.07) | 0.00 | (0.25) | 0.00 | 0.00 | 12.70 | |||
| ASEKY | 1.07 | 0.25 | 0.00 | (0.48) | 0.00 | 4.45 | 22.52 | |||
| ACCYY | 1.09 | 0.16 | 0.14 | 0.26 | 0.90 | 2.62 | 5.52 | |||
| SHZHY | 2.10 | (0.02) | 0.00 | 0.07 | 2.56 | 4.70 | 16.81 | |||
| CTTAF | 2.32 | 0.33 | 0.09 | 2.66 | 2.61 | 5.38 | 15.61 | |||
| SVTMF | 0.19 | (0.12) | 0.00 | (0.77) | 0.00 | 0.00 | 3.09 | |||
| CTTAY | 1.37 | 0.21 | 0.11 | 0.55 | 1.29 | 3.01 | 10.38 | |||
| RKUNY | 1.53 | 0.01 | (0.01) | 0.10 | 2.56 | 3.58 | 17.15 |
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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 |