Good Gamer Correlations
| GGAMF Stock | USD 0.45 0.00 0.00% |
The current 90-days correlation between Good Gamer Entertainment and 5th Planet Games is 0.01 (i.e., Significant diversification). The correlation of Good Gamer 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.
Good Gamer Correlation With Market
Average diversification
The correlation between Good Gamer Entertainment and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Good Gamer Entertainment and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Good Gamer could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Good Gamer 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 Good Gamer - 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 Good Gamer Entertainment to buy it.
Moving together with Good Pink Sheet
Moving against Good Pink Sheet
| 0.55 | TAK | Takeda Pharmaceutical | PairCorr |
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| 0.38 | HL | Hecla Mining | PairCorr |
| 0.31 | REGN | Regeneron Pharmaceuticals | PairCorr |
| 0.39 | CX | Cemex SAB de Sell-off Trend | 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 Good Pink Sheet performing well and Good Gamer 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 Good Gamer'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IDGAF | 1.23 | (0.54) | 0.00 | (0.55) | 0.00 | 0.00 | 50.91 | |||
| GAMGF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| INRD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| POTTF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SMPBF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| KESPF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PWWBF | 12.04 | 1.43 | 0.08 | (1.32) | 13.22 | 46.90 | 95.15 | |||
| SCTGF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| IMNTF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| LSPKF | 1.15 | (0.06) | 0.00 | 0.33 | 0.00 | 0.00 | 37.93 |
Be your own money manager
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Good Gamer Corporate Management
| Kelly Pladson | Co Sec | Profile | |
| Charlo Barbosa | CEO Chairman | Profile | |
| Sean Penn | Investor Officer | Profile | |
| James Young | VP Communications | Profile | |
| CPA CGA | Chief Officer | Profile | |
| Shoukri Kattan | Chief Architect | Profile | |
| James Hong | VP Operations | Profile |