PLAYSTUDIOS Correlations

MYPSW Stock

USD 0.01 0 42.86%

The current 90-days correlation between PLAYSTUDIOS and WM Technology is -0.04 (i.e., Good diversification). The correlation of PLAYSTUDIOS 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.

PLAYSTUDIOS Correlation With Market

Pay attention - limited upside

The correlation between PLAYSTUDIOS and DJI is -0.78 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PLAYSTUDIOS and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with PLAYSTUDIOS Stock

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

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

Moving together with PLAYSTUDIOS Stock

0.63	6Y2	SCOUT GAMING GROUP	Pair Corr
0.7	GFIN	Gfinity PLC	Pair Corr
0.72	NTO	Nintendo	Pair Corr

Moving against PLAYSTUDIOS Stock

0.66	WBD	Warner Bros Discovery Potential Growth	Pair Corr
0.48	GRVY	Gravity	Pair Corr
0.47	GD8A	Gravity Co	Pair Corr
0.43	2HG1	5TH PLANET GAMES	Pair Corr
0.34	6D1	PCF GROUP SA	Pair Corr
0.58	8P8	REMEDY ENTERTAINMENT OYJ	Pair Corr
0.57	HUYA	HUYA Inc	Pair Corr
0.37	TBLD	Tinybuild	Pair Corr
0.34	7CD0	CD PROJEKT 14	Pair Corr

Related Correlations Analysis

	TRUG	TAOP	MAPS	WLDS	FRGT	AUUD	IMTE	GDEV	MTEK	LGL
TRUG		0.77	0.38	0.82	0.86	0.34	0.12	0.35	-0.35	-0.53	TRUG
TAOP	0.77		0.45	0.85	0.85	0.46	0.42	0.44	-0.3	-0.44	TAOP
MAPS	0.38	0.45		0.65	0.55	0.51	0.14	0.16	-0.65	-0.75	MAPS
WLDS	0.82	0.85	0.65		0.97	0.53	0.22	0.42	-0.63	-0.76	WLDS
FRGT	0.86	0.85	0.55	0.97		0.47	0.21	0.4	-0.59	-0.7	FRGT
AUUD	0.34	0.46	0.51	0.53	0.47		0.26	0.25	-0.25	-0.47	AUUD
IMTE	0.12	0.42	0.14	0.22	0.21	0.26		0.62	0.2	0.24	IMTE
GDEV	0.35	0.44	0.16	0.42	0.4	0.25	0.62		-0.02	-0.02	GDEV
MTEK	-0.35	-0.3	-0.65	-0.63	-0.59	-0.25	0.2	-0.02		0.86	MTEK
LGL	-0.53	-0.44	-0.75	-0.76	-0.7	-0.47	0.24	-0.02	0.86		LGL
	TRUG	TAOP	MAPS	WLDS	FRGT	AUUD	IMTE	GDEV	MTEK	LGL

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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

FRGT	+ 0.97	WLDS
FRGT	+ 0.86	TRUG
LGL	+ 0.86	MTEK
WLDS	+ 0.85	TAOP
FRGT	+ 0.85	TAOP
WLDS	+ 0.82	TRUG

High negative correlations

LGL	- 0.76	WLDS
LGL	- 0.75	MAPS
LGL	- 0.7	FRGT
MTEK	- 0.65	MAPS
MTEK	- 0.63	WLDS
MTEK	- 0.59	FRGT

Risk-Adjusted Indicators

There is a big difference between PLAYSTUDIOS Stock performing well and PLAYSTUDIOS 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 PLAYSTUDIOS'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
TRUG	6.23	(0.10)	0.00	(0.08)	0.00	0.00	21.62	(11.63)	44.16
TAOP	5.12	(0.21)	0.00	(0.39)	0.00	0.00	11.43	(9.57)	51.37
MAPS	2.82	(0.22)	0.00	(0.24)	0.00	0.00	4.49	(5.13)	25.13
WLDS	3.41	(1.45)	0.00	(0.60)	0.00	0.00	7.87	(7.27)	22.12
FRGT	5.22	(1.91)	0.00	(0.79)	0.00	0.00	9.52	(11.76)	31.86
AUUD	5.29	0.26	0.03	(1.00)	5.22	(9.44)	19.39	(11.11)	47.43
IMTE	5.40	(0.36)	0.00	(0.55)	0.00	0.00	13.79	(12.86)	43.70
GDEV	4.95	(0.11)	0.00	0.18	0.00	0.00	12.02	(11.22)	58.11
MTEK	4.02	0.47	0.13	0.24	4.28	(4.63)	7.50	(7.58)	25.10
LGL	1.91	0.16	0.05	0.45	2.11	(2.17)	4.01	(3.59)	13.90

PLAYSTUDIOS Corporate Management

Joel Agena	VP Counsel	Profile
Mickey Sonnino	Chief Officer	Profile
Stephanie Rosol	Chief Officer	Profile
Katie Bolich	Head Experience	Profile
Yossi Sadoun	Chief Israel	Profile
Samir Jain	Head Relations	Profile

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