GDEV Correlations

GDEV Stock

USD 20.50 2.20 12.02%

The current 90-days correlation between GDEV Inc and Gravity Co is 0.12 (i.e., Average 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

Excellent diversification

The correlation between GDEV Inc and DJI is -0.69 (i.e., Excellent 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

0.84	600715	Cultural Investment	Pair Corr
0.88	RDI	Reading International	Pair Corr
0.7	GAME	GameSquare Holdings	Pair Corr
0.77	TME	Tencent Music Entert	Pair Corr
0.71	300027	Huayi Brothers Media	Pair Corr
0.65	AEO	Aeorema Communications	Pair Corr
0.64	ESE	ESE Entertainment	Pair Corr
0.61	AIM	Ai Media Technologies	Pair Corr
0.64	KUKE	Kuke Music Holding	Pair Corr
0.74	QYOU	Qyou Media Split	Pair Corr
0.65	MGAM	Mobile Global Esports	Pair Corr
0.67	MYPS	Playstudios	Pair Corr
0.82	NFLX	Netflix	Pair Corr
0.86	EMAN	Everyman Media Group	Pair Corr
0.83	CGX	Cineplex	Pair Corr
0.64	ASST	Strive Asset Management	Pair Corr

Moving against GDEV Stock

0.8	TKO	TKO Group Holdings	Pair Corr
0.62	IMAX	Imax Corp	Pair Corr
0.34	DIS	Walt Disney	Pair Corr
0.86	SPHR	Sphere Entertainment	Pair Corr
0.8	MSGE	Madison Square Garden	Pair Corr
0.77	TBRD	Thunderbird Entertainment	Pair Corr
0.66	WNC	Wabash National	Pair Corr
0.43	603103	Hengdian Entertainment	Pair Corr
0.36	MSGM	Motorsport Gaming Upward Rally	Pair Corr

Related Correlations Analysis

	GRVY	SOHU	DDI	EGAN	BGIN	BZAI	GRRR	RMNI	XRX	IMXI
GRVY		0.57	-0.02	0.16	0.28	0.03	0.19	-0.14	-0.01	0.18	GRVY
SOHU	0.57		-0.05	-0.4	-0.32	-0.49	-0.3	-0.39	-0.47	0.69	SOHU
DDI	-0.02	-0.05		-0.04	0.07	0.03	0.28	0.06	0.12	-0.1	DDI
EGAN	0.16	-0.4	-0.04		0.8	0.8	0.57	0.47	0.82	-0.76	EGAN
BGIN	0.28	-0.32	0.07	0.8		0.81	0.72	0.57	0.83	-0.69	BGIN
BZAI	0.03	-0.49	0.03	0.8	0.81		0.84	0.75	0.89	-0.87	BZAI
GRRR	0.19	-0.3	0.28	0.57	0.72	0.84		0.62	0.7	-0.65	GRRR
RMNI	-0.14	-0.39	0.06	0.47	0.57	0.75	0.62		0.73	-0.56	RMNI
XRX	-0.01	-0.47	0.12	0.82	0.83	0.89	0.7	0.73		-0.79	XRX
IMXI	0.18	0.69	-0.1	-0.76	-0.69	-0.87	-0.65	-0.56	-0.79		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	+ 0.89	BZAI
GRRR	+ 0.84	BZAI
XRX	+ 0.83	BGIN
XRX	+ 0.82	EGAN
BZAI	+ 0.81	BGIN
BGIN	+ 0.8	EGAN

High negative correlations

IMXI	- 0.87	BZAI
IMXI	- 0.79	XRX
IMXI	- 0.76	EGAN
IMXI	- 0.69	BGIN
IMXI	- 0.65	GRRR
IMXI	- 0.56	RMNI

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	1.12	0.11	0.07	0.33	0.94	(1.42)	2.23	(1.57)	10.11
SOHU	1.62	0.17	0.08	0.26	1.76	(1.72)	4.46	(2.72)	12.14
DDI	1.55	0.01	(0.02)	0.10	2.03	(1.69)	3.09	(2.65)	10.09
EGAN	3.24	(0.32)	0.00	(0.35)	0.00	0.00	6.19	(6.63)	32.05
BGIN	4.50	(0.39)	0.00	(4.30)	0.00	0.00	10.71	(9.71)	29.07
BZAI	3.91	(1.47)	0.00	(0.78)	0.00	0.00	6.40	(8.85)	21.80
GRRR	3.49	(0.33)	0.00	(0.09)	0.00	0.00	9.43	(7.66)	19.51
RMNI	1.67	(0.36)	0.00	(0.21)	0.00	0.00	2.53	(3.72)	15.81
XRX	3.04	(0.36)	0.00	2.54	0.00	0.00	7.52	(7.72)	22.00
IMXI	0.19	0.06	0.00	1.08	0.00	(0.28)	0.41	(0.33)	1.45

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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