Gamer Pakistan Correlations
| GPAKDelisted Stock | 0.02 0.00 0.00% |
The current 90-days correlation between Gamer Pakistan Common and Pinterest is 0.02 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Gamer Pakistan moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gamer Pakistan Common moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Gamer Pakistan Correlation With Market
Good diversification
The correlation between Gamer Pakistan Common and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gamer Pakistan Common and DJI in the same portfolio, assuming nothing else is changed.
Gamer |
The ability to find closely correlated positions to Gamer Pakistan could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gamer Pakistan 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 Gamer Pakistan - 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 Gamer Pakistan Common to buy it.
Moving together with Gamer Pink Sheet
| 0.68 | SST | System1 | PairCorr |
| 0.62 | PHLT | Performant Healthcare, Symbol Change | PairCorr |
| 0.61 | SFHG | Samfine Creation Holdings | PairCorr |
| 0.66 | BW | Babcock Wilcox Enter | PairCorr |
Moving against Gamer Pink Sheet
| 0.78 | B | Barnes Group | PairCorr |
| 0.77 | AP | Ampco Pittsburgh | PairCorr |
| 0.69 | BA | Boeing | PairCorr |
| 0.64 | DE | Deere Company | PairCorr |
| 0.53 | TH | Target Hospitality Corp | PairCorr |
| 0.42 | BR | Broadridge Financial | PairCorr |
| 0.38 | CP | Canadian Pacific Railway | PairCorr |
| 0.34 | AZ | A2Z Smart Technologies Tech Boost | PairCorr |
| 0.84 | VATE | Innovate Corp | PairCorr |
| 0.7 | PL | Planet Labs PBC Buyout Trend | PairCorr |
| 0.69 | RR | Richtech Robotics Class | PairCorr |
| 0.61 | KC | Kingsoft Cloud Holdings Downward Rally | PairCorr |
| 0.6 | VACH | Voyager Acquisition Corp | PairCorr |
| 0.56 | GE | GE Aerospace | PairCorr |
| 0.5 | LZ | LegalZoom | PairCorr |
| 0.41 | CODI-PA | Compass Diversified | PairCorr |
| 0.41 | CODI-PB | Compass Diversified | PairCorr |
Related Correlations Analysis
| 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 Gamer Pink Sheet performing well and Gamer Pakistan 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 Gamer Pakistan'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PINS | 1.93 | 0.08 | 0.00 | 1.54 | 3.13 | 4.15 | 17.18 | |||
| IMAX | 1.49 | 0.22 | 0.10 | 0.69 | 1.48 | 3.35 | 16.50 | |||
| SPHR | 1.79 | 0.07 | 0.00 | 0.46 | 2.18 | 3.49 | 9.60 | |||
| SCSC | 1.72 | (0.10) | 0.00 | (0.11) | 0.00 | 2.89 | 16.98 | |||
| KDP | 0.93 | (0.14) | 0.00 | (0.46) | 0.00 | 1.66 | 6.30 | |||
| MOD | 3.12 | (0.29) | 0.00 | 13.42 | 0.00 | 5.12 | 37.07 | |||
| IRDM | 1.72 | (0.04) | (0.04) | (0.02) | 2.49 | 2.86 | 11.32 | |||
| MOSTQ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Gamer Pakistan 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 Gamer Pakistan pink sheet to make a market-neutral strategy. Peer analysis of Gamer Pakistan could also be used in its relative valuation, which is a method of valuing Gamer Pakistan by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Gamer Pakistan Common?
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.