Mega Fortune Correlations

MGRT Stock

8.97 0.43 4.57%

The current 90-days correlation between Mega Fortune and Gamehaus Holdings Class is 0.16 (i.e., Average diversification). The correlation of Mega Fortune 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.

Mega Fortune Correlation With Market

Good diversification

The correlation between Mega Fortune and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mega Fortune and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Mega Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mega Fortune. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

For more information on how to buy Mega Stock please use our How to Invest in Mega Fortune guide.

Moving together with Mega Stock

0.63

PUK

Prudential PLC ADR Normal Trading

Pair Corr

Moving against Mega Stock

0.59	LIF	Life360, Common Stock	Pair Corr
0.35	GTM	ZoomInfo Technologies Symbol Change	Pair Corr
0.4	LAC	Lithium Americas Corp Aggressive Push	Pair Corr
0.39	OTTEF	Otto Energy Limited	Pair Corr

Related Correlations Analysis

	GMHS	GAME	SOTK	BRAG	WFCF	MSAI	ZENV	AMPG	YIBO	ALOT
GMHS		0.92	0.62	0.88	0.65	0.07	0.59	0.83	0.85	0.89	GMHS
GAME	0.92		0.62	0.88	0.64	0.06	0.69	0.86	0.86	0.86	GAME
SOTK	0.62	0.62		0.42	0.2	0.64	0.63	0.31	0.69	0.72	SOTK
BRAG	0.88	0.88	0.42		0.59	-0.2	0.57	0.85	0.75	0.83	BRAG
WFCF	0.65	0.64	0.2	0.59		-0.02	0.46	0.71	0.65	0.48	WFCF
MSAI	0.07	0.06	0.64	-0.2	-0.02		0.34	-0.22	0.26	0.18	MSAI
ZENV	0.59	0.69	0.63	0.57	0.46	0.34		0.49	0.81	0.74	ZENV
AMPG	0.83	0.86	0.31	0.85	0.71	-0.22	0.49		0.71	0.7	AMPG
YIBO	0.85	0.86	0.69	0.75	0.65	0.26	0.81	0.71		0.9	YIBO
ALOT	0.89	0.86	0.72	0.83	0.48	0.18	0.74	0.7	0.9		ALOT
	GMHS	GAME	SOTK	BRAG	WFCF	MSAI	ZENV	AMPG	YIBO	ALOT

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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

GAME	+ 0.92	GMHS
ALOT	+ 0.9	YIBO
ALOT	+ 0.89	GMHS
BRAG	+ 0.88	GMHS
BRAG	+ 0.88	GAME
AMPG	+ 0.86	GAME

High negative correlations

AMPG	- 0.22	MSAI
MSAI	- 0.2	BRAG
MSAI	- 0.02	WFCF

Risk-Adjusted Indicators

There is a big difference between Mega Stock performing well and Mega Fortune 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 Mega Fortune'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
GMHS	3.27	(0.66)	0.00	(0.25)	0.00	0.00	8.00	(7.63)	23.36
GAME	4.15	(0.76)	0.00	(0.20)	0.00	0.00	8.00	(8.62)	24.96
SOTK	1.88	(0.04)	0.00	(0.08)	0.00	0.00	3.26	(4.20)	17.77
BRAG	2.34	(0.29)	0.00	1.07	0.00	0.00	5.12	(4.42)	29.76
WFCF	1.51	(0.41)	0.00	(0.23)	0.00	0.00	3.14	(2.93)	13.24
MSAI	9.50	0.24	0.02	0.36	10.73	(12.85)	20.00	(17.76)	133.82
ZENV	2.39	(0.20)	0.00	3.99	0.00	0.00	5.26	(5.67)	16.46
AMPG	4.31	(0.48)	0.00	(0.15)	0.00	0.00	9.86	(10.00)	29.02
YIBO	2.81	(0.52)	0.00	(0.46)	0.00	0.00	5.94	(6.77)	19.46
ALOT	1.96	(0.28)	0.00	2.14	0.00	0.00	3.00	(3.42)	21.34

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