Gambling Correlations

GAMB Stock

USD 14.47 0.26 1.83%

The current 90-days correlation between Gambling Group and Codere Online Corp is -0.04 (i.e., Good diversification). The correlation of Gambling 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.

Gambling Correlation With Market

Good diversification

The correlation between Gambling Group and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gambling Group and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gambling Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Gambling Stock

0.9	BH	Biglari Holdings	Pair Corr
0.63	DRI	Darden Restaurants	Pair Corr
0.85	RICK	RCI Hospitality Holdings Earnings Call This Week	Pair Corr
0.87	BROS	Dutch Bros	Pair Corr
0.69	CAKE	The Cheesecake Factory	Pair Corr

Moving against Gambling Stock

0.79	PLAY	Dave Busters Enterta Sell-off Trend	Pair Corr
0.79	PZZA	Papa Johns International	Pair Corr
0.77	WEN	The Wendys	Pair Corr
0.76	GENK	GEN Restaurant Group,	Pair Corr
0.67	JACK	Jack In	Pair Corr
0.67	PNST	Pinstripes Holdings	Pair Corr
0.64	PTLO	Portillos Sell-off Trend	Pair Corr
0.54	WING	Wingstop	Pair Corr
0.54	BDL	Flanigans Enterprises	Pair Corr
0.53	LOCO	El Pollo Loco	Pair Corr
0.53	NDLS	Noodles Company	Pair Corr
0.51	QSR	Restaurant Brands	Pair Corr
0.49	NATH	Nathans Famous	Pair Corr
0.47	SG	Sweetgreen Sell-off Trend	Pair Corr
0.86	BLMN	Bloomin Brands	Pair Corr
0.68	BBY	Best Buy	Pair Corr
0.64	CHSN	Chanson International	Pair Corr
0.63	DENN	Dennys Corp	Pair Corr
0.61	VSTA	Vasta Platform	Pair Corr
0.55	CAVA	CAVA Group,	Pair Corr
0.42	TXRH	Texas Roadhouse	Pair Corr
0.42	IH	Ihuman Inc	Pair Corr
0.35	REBN	Reborn Coffee	Pair Corr
0.33	STKS	One Group Hospitality	Pair Corr

Related Correlations Analysis

	CDRO	ACEL	AGS	CPHC	LNW	EVRI	INSE	IGT	PMKRF
CDRO		0.73	-0.39	-0.48	0.75	-0.74	0.45	0.83	-0.45	CDRO
ACEL	0.73		-0.12	-0.21	0.8	-0.38	0.7	0.65	-0.49	ACEL
AGS	-0.39	-0.12		-0.12	-0.1	0.47	0.3	-0.26	-0.5	AGS
CPHC	-0.48	-0.21	-0.12		-0.49	0.66	-0.43	-0.66	0.51	CPHC
LNW	0.75	0.8	-0.1	-0.49		-0.62	0.74	0.87	-0.54	LNW
EVRI	-0.74	-0.38	0.47	0.66	-0.62		-0.38	-0.83	0.25	EVRI
INSE	0.45	0.7	0.3	-0.43	0.74	-0.38		0.58	-0.64	INSE
IGT	0.83	0.65	-0.26	-0.66	0.87	-0.83	0.58		-0.49	IGT
PMKRF	-0.45	-0.49	-0.5	0.51	-0.54	0.25	-0.64	-0.49		PMKRF
	CDRO	ACEL	AGS	CPHC	LNW	EVRI	INSE	IGT	PMKRF

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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

IGT	+ 0.87	LNW
IGT	+ 0.83	CDRO
LNW	+ 0.8	ACEL
LNW	+ 0.75	CDRO
INSE	+ 0.74	LNW
ACEL	+ 0.73	CDRO

High negative correlations

IGT	- 0.83	EVRI
EVRI	- 0.74	CDRO
IGT	- 0.66	CPHC
PMKRF	- 0.64	INSE
EVRI	- 0.62	LNW
PMKRF	- 0.54	LNW

Risk-Adjusted Indicators

There is a big difference between Gambling Stock performing well and Gambling 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 Gambling'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
CDRO	1.87	(0.28)	0.00	(2.92)	0.00	0.00	4.11	(3.84)	15.12
ACEL	1.24	(0.02)	(0.04)	0.04	1.59	(1.40)	2.98	(2.73)	8.64
AGS	0.24	0.04	(0.16)	1.84	0.16	(0.31)	0.52	(0.35)	1.97
CPHC	2.32	0.09	0.00	(0.57)	2.65	(2.73)	4.48	(4.57)	13.24
LNW	1.31	(0.13)	0.00	(0.08)	0.00	0.00	2.42	(3.06)	13.96
EVRI	0.13	0.02	(0.43)	1.50	0.00	(0.18)	0.30	(0.22)	0.67
INSE	1.33	0.13	0.04	0.62	1.58	(1.46)	3.60	(2.82)	8.58
IGT	1.20	(0.28)	0.00	(1.23)	0.00	0.00	1.55	(2.21)	8.44
PMKRF	0.71	0.08	0.00	(0.36)	0.00	0.00	0.00	(2.56)	22.60

Gambling Corporate Management

Max Bichsel	Executive America	Profile
Ellen Monaghan	Senior People	Profile
Peter McGough	Vice Relations	Profile
Derek Brookmeyer	Director Communications	Profile
Charles Gillespie	CEO CoFounder	Profile
Kevin McCrystle	CoFounder COO	Profile

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