GDEV Correlations

GDEV Stock

USD 15.00 0.15 1.01%

The current 90-days correlation between GDEV Inc and Gravity Co is 0.08 (i.e., Significant diversification). The correlation of GDEV 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.

GDEV Correlation With Market

Significant diversification

The correlation between GDEV Inc and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GDEV Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with GDEV Stock

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

Moving together with GDEV Stock

0.78	IQ	iQIYI Inc	Pair Corr
0.87	ZH	Zhihu Inc ADR	Pair Corr
0.72	DRCT	Direct Digital Holdings	Pair Corr
0.7	ANGHW	Anghami Warrants	Pair Corr
0.86	WIMI	WiMi Hologram Cloud	Pair Corr
0.72	600715	Cultural Investment	Pair Corr
0.71	603721	TVZone Media	Pair Corr
0.81	ADV	Advantage Solutions	Pair Corr
0.81	AMC	AMC Entertainment	Pair Corr
0.69	GDC	GD Culture Group	Pair Corr
0.71	KWM	K Wave Media	Pair Corr
0.83	RDI	Reading International	Pair Corr
0.77	GAIA	Gaia Inc	Pair Corr
0.93	TBH	Brag House Holdings,	Pair Corr
0.86	GAME	GameSquare Holdings	Pair Corr
0.76	TME	Tencent Music Entert	Pair Corr
0.68	WMG	Warner Music Group	Pair Corr
0.75	GMGI	Golden Matrix Group	Pair Corr

Moving against GDEV Stock

0.33	LVO	LiveOne Upward Rally	Pair Corr
0.31	SJ	Scienjoy Holding Corp	Pair Corr
0.6	NZM	NZME	Pair Corr
0.56	AEO	Aeorema Communications	Pair Corr
0.5	MCS	Marcus	Pair Corr
0.41	GMGT	Gaming Technologies	Pair Corr
0.39	TKO	TKO Group Holdings,	Pair Corr

Related Correlations Analysis

	GRVY	SOHU	DDI	EGAN	BGIN	BZAI	GRRR	RMNI	XRX	IMXI
GRVY		0.18	0.37	0.08	-0.14	0.55	0.75	0.72	0.84	-0.85	GRVY
SOHU	0.18		0.27	-0.51	-0.24	-0.44	-0.21	-0.06	-0.1	0.07	SOHU
DDI	0.37	0.27		-0.21	-0.03	0.05	0.35	0.19	0.28	-0.33	DDI
EGAN	0.08	-0.51	-0.21		0.6	0.62	0.3	0.15	0.36	-0.11	EGAN
BGIN	-0.14	-0.24	-0.03	0.6		0.13	0.0	0.0	0.17	0.09	BGIN
BZAI	0.55	-0.44	0.05	0.62	0.13		0.86	0.74	0.8	-0.67	BZAI
GRRR	0.75	-0.21	0.35	0.3	0.0	0.86		0.84	0.88	-0.83	GRRR
RMNI	0.72	-0.06	0.19	0.15	0.0	0.74	0.84		0.85	-0.76	RMNI
XRX	0.84	-0.1	0.28	0.36	0.17	0.8	0.88	0.85		-0.86	XRX
IMXI	-0.85	0.07	-0.33	-0.11	0.09	-0.67	-0.83	-0.76	-0.86		IMXI
	GRVY	SOHU	DDI	EGAN	BGIN	BZAI	GRRR	RMNI	XRX	IMXI

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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

XRX	+ 0.88	GRRR
GRRR	+ 0.86	BZAI
XRX	+ 0.85	RMNI
XRX	+ 0.84	GRVY
RMNI	+ 0.84	GRRR
XRX	+ 0.8	BZAI

High negative correlations

IMXI	- 0.86	XRX
IMXI	- 0.85	GRVY
IMXI	- 0.83	GRRR
IMXI	- 0.76	RMNI
IMXI	- 0.67	BZAI
EGAN	- 0.51	SOHU

Risk-Adjusted Indicators

There is a big difference between GDEV Stock performing well and GDEV 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 GDEV'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
GRVY	1.01	(0.21)	0.00	(0.33)	0.00	0.00	1.92	(1.95)	4.60
SOHU	1.48	(0.07)	0.00	(0.04)	0.00	0.00	2.56	(2.89)	10.15
DDI	1.50	(0.14)	0.00	(0.15)	0.00	0.00	3.09	(2.65)	10.09
EGAN	3.82	0.18	0.05	0.10	5.58	(4.17)	7.21	(6.63)	48.12
BGIN	4.51	(1.25)	0.00	(0.73)	0.00	0.00	12.31	(11.86)	29.07
BZAI	5.06	(0.82)	0.00	(0.31)	0.00	0.00	9.33	(10.00)	45.83
GRRR	3.30	(0.88)	0.00	(0.43)	0.00	0.00	6.15	(7.66)	21.87
RMNI	1.70	(0.38)	0.00	(0.18)	0.00	0.00	2.53	(4.63)	17.73
XRX	2.74	(0.75)	0.00	(0.22)	0.00	0.00	5.43	(5.51)	18.86
IMXI	0.43	0.11	0.13	0.58	0.29	(0.55)	1.15	(0.99)	6.96

GDEV Corporate Management

Anton Reinhold	Chief Officer	Profile
Olga Loskutova	Chief Officer	Profile
Alexander Karavaev	Chief Officer	Profile
Roman Safiyulin	Chief Officer	Profile
Yulia Dementieva	General Counsel	Profile
Boris Gertsovskiy	CoFounder Director	Profile

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