PLAYSTUDIOS Correlations

MYPSW Stock

USD 0.01 0 33.33%

The current 90-days correlation between PLAYSTUDIOS and WM Technology is 0.09 (i.e., Significant 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 -0.79 (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

0.65	SE	Sea	Pair Corr
0.8	GCL	GCL Global Holdings	Pair Corr
0.71	CI7	CI GAMES SA	Pair Corr
0.68	8P7	GAMES OPERATORS SA	Pair Corr
0.87	NTO	Nintendo	Pair Corr
0.68	SP8	Streamplay Studio	Pair Corr
0.69	BL1	EAST SIDE GAMES	Pair Corr
0.86	NTOA	Nintendo	Pair Corr
0.75	9JU	GAMING FAC SA	Pair Corr
0.84	0HF	Focus Home Interactive	Pair Corr
0.78	RBLX	Roblox Corp Earnings Call Today	Pair Corr

Moving against PLAYSTUDIOS Stock

0.84	WBD	Warner Bros Discovery	Pair Corr
0.84	8P8	REMEDY ENTERTAINMENT OYJ Earnings Call This Week	Pair Corr
0.74	PLY	Playside Studios	Pair Corr
0.69	HUYA	HUYA Inc	Pair Corr
0.66	EA	Electronic Arts	Pair Corr
0.45	GRVY	Gravity	Pair Corr
0.78	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.77	SAR	Saratoga Investment Corp	Pair Corr
0.72	4H7	TROPHY GAMES DEV	Pair Corr
0.68	7NX	NEXON Earnings Call This Week	Pair Corr

Related Correlations Analysis

	TRUG	TAOP	MAPS	WLDS	FRGT	AUUD	IMTE	GDEV	MTEK	LGL
TRUG		0.73	0.55	0.87	0.86	0.78	0.45	0.67	0.06	-0.29	TRUG
TAOP	0.73		0.4	0.83	0.84	0.58	0.5	0.57	0.04	-0.24	TAOP
MAPS	0.55	0.4		0.48	0.46	0.58	0.09	0.22	0.0	-0.49	MAPS
WLDS	0.87	0.83	0.48		0.95	0.69	0.39	0.62	-0.18	-0.42	WLDS
FRGT	0.86	0.84	0.46	0.95		0.66	0.41	0.63	-0.18	-0.42	FRGT
AUUD	0.78	0.58	0.58	0.69	0.66		0.42	0.49	0.13	-0.29	AUUD
IMTE	0.45	0.5	0.09	0.39	0.41	0.42		0.71	0.36	0.49	IMTE
GDEV	0.67	0.57	0.22	0.62	0.63	0.49	0.71		0.15	0.14	GDEV
MTEK	0.06	0.04	0.0	-0.18	-0.18	0.13	0.36	0.15		0.56	MTEK
LGL	-0.29	-0.24	-0.49	-0.42	-0.42	-0.29	0.49	0.14	0.56		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	+ 0.95	WLDS
WLDS	+ 0.87	TRUG
FRGT	+ 0.86	TRUG
FRGT	+ 0.84	TAOP
WLDS	+ 0.83	TAOP
AUUD	+ 0.78	TRUG

High negative correlations

LGL	- 0.49	MAPS
LGL	- 0.42	FRGT
LGL	- 0.42	WLDS
LGL	- 0.29	AUUD
LGL	- 0.29	TRUG
LGL	- 0.24	TAOP

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	6.64	(1.73)	0.00	(0.65)	0.00	0.00	11.22	(12.11)	51.36
TAOP	5.12	(0.40)	0.00	(1.60)	0.00	0.00	11.43	(8.04)	51.37
MAPS	2.93	(0.52)	0.00	(0.40)	0.00	0.00	4.49	(5.68)	25.13
WLDS	4.56	(1.55)	0.00	(0.37)	0.00	0.00	10.47	(9.27)	53.88
FRGT	5.22	(2.01)	0.00	(1.16)	0.00	0.00	9.24	(11.76)	55.36
AUUD	4.37	(0.33)	0.00	1.07	0.00	0.00	15.15	(11.11)	36.34
IMTE	6.03	(0.02)	0.00	0.10	0.00	0.00	13.79	(13.27)	63.84
GDEV	5.16	(0.16)	0.00	0.15	0.00	0.00	12.02	(11.22)	58.11
MTEK	4.54	0.07	0.02	0.09	5.47	(5.03)	8.70	(9.52)	36.00
LGL	1.87	0.16	0.04	7.07	2.18	(2.09)	4.16	(4.25)	10.59

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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