Esports Entertainment Correlations
| GMBLZDelisted Stock | USD 0 0.00 0.00% |
The current 90-days correlation between Esports Entertainment and Esports Entertainment Group is 0.02 (i.e., Significant diversification). The correlation of Esports Entertainment 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.
Esports Entertainment Correlation With Market
Average diversification
The correlation between Esports Entertainment Group and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Esports Entertainment Group and DJI in the same portfolio, assuming nothing else is changed.
Esports |
The ability to find closely correlated positions to Esports Entertainment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Esports Entertainment 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 Esports Entertainment - 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 Esports Entertainment Group to buy it.
Moving together with Esports Pink Sheet
| 0.79 | EBET | Ebet Inc | PairCorr |
| 0.67 | GMBL | Esports Entertainment | PairCorr |
| 0.68 | WPRT | Westport Fuel Systems | PairCorr |
| 0.68 | AVY | Avery Dennison Corp | PairCorr |
| 0.66 | IVP | Inspire Veterinary | PairCorr |
Moving against Esports Pink Sheet
| 0.72 | FLUT | Flutter Entertainment plc | PairCorr |
| 0.69 | GMBLP | Esports Entertainment | PairCorr |
| 0.68 | IP | International Paper | PairCorr |
| 0.68 | DRVN | Driven Brands Holdings | PairCorr |
| 0.66 | SW | Smurfit WestRock plc | PairCorr |
| 0.62 | WBUY | WEBUY GLOBAL LTD | PairCorr |
| 0.57 | LTFD | Littlefield | PairCorr |
| 0.34 | VIRC | Virco Manufacturing Earnings Call This Week | PairCorr |
| 0.32 | DIIBF | Dorel Industries | PairCorr |
| 0.79 | PKG | Packaging Corp Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.73 | GEF | Greif Bros Earnings Call This Week | PairCorr |
| 0.73 | KRT | Karat Packaging | PairCorr |
| 0.72 | MLR | Miller Industries | PairCorr |
| 0.64 | NCL | Northann Corp | PairCorr |
| 0.57 | KFS | Kingsway Financial | PairCorr |
| 0.54 | KAR | KAR Auction Services | PairCorr |
| 0.51 | SEE | Sealed Air | PairCorr |
| 0.4 | BC-PB | Brunswick Corp | PairCorr |
| 0.33 | NCI | Neo Concept Internat | PairCorr |
Related Correlations Analysis
| -0.36 | 0.19 | -0.41 | -0.11 | GMBLW | ||
| -0.36 | -0.09 | 0.81 | 0.14 | GMBLP | ||
| 0.19 | -0.09 | -0.21 | -0.12 | SQLLW | ||
| -0.41 | 0.81 | -0.21 | -0.04 | GMVDW | ||
| -0.11 | 0.14 | -0.12 | -0.04 | GROMW | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Esports Pink Sheet performing well and Esports Entertainment 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 Esports Entertainment'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GMBLW | 14.28 | 0.92 | 0.06 | 0.41 | 15.71 | 43.33 | 125.67 | |||
| GMBLP | 3.01 | 0.39 | 0.07 | 2.12 | 3.27 | 6.73 | 17.66 | |||
| SQLLW | 25.99 | 6.04 | 0.18 | (0.62) | 22.08 | 65.07 | 328.85 | |||
| GMVDW | 16.39 | 4.77 | 0.24 | 1.69 | 14.59 | 60.49 | 127.79 | |||
| GROMW | 13.36 | 3.73 | 0.16 | (1.47) | 13.43 | 42.67 | 191.02 |
Esports Entertainment Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Esports Entertainment pink sheet to make a market-neutral strategy. Peer analysis of Esports Entertainment could also be used in its relative valuation, which is a method of valuing Esports Entertainment by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Esports Entertainment Corporate Management
| Grant BA | Chairman, CEO | Profile | |
| Magnus Leppniemi | Pres Esports | Profile | |
| Michel Morizot | Senior Technology | Profile | |
| David Williams | Senior Esports | Profile | |
| Daniel CA | CFO Director | Profile | |
| Michael Wilson | Pres iGaming | Profile |
Still Interested in Esports Entertainment Group?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.