Sharplink Gaming Correlations

SBET Stock

USD 0.64 0.02 3.03%

The current 90-days correlation between Sharplink Gaming and Canterbury Park Holding is -0.24 (i.e., Very good diversification). The correlation of Sharplink Gaming 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.

Sharplink Gaming Correlation With Market

Good diversification

The correlation between Sharplink Gaming and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sharplink Gaming and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sharplink Gaming. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

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

Moving together with Sharplink Stock

0.7

Wayfair

Pair Corr

Moving against Sharplink Stock

0.53	RICK	RCI Hospitality Holdings Fiscal Year End 12th of December 2024	Pair Corr
0.48	BH	Biglari Holdings	Pair Corr
0.48	XPOF	Xponential Fitness Downward Rally	Pair Corr
0.48	BTCTW	BTC Digital	Pair Corr
0.44	LIND	Lindblad Expeditions	Pair Corr
0.43	PLNT	Planet Fitness	Pair Corr
0.37	PRKS	United Parks Resorts Symbol Change	Pair Corr
0.36	PNST	Pinstripes Holdings Symbol Change	Pair Corr
0.34	CAKE	The Cheesecake Factory	Pair Corr
0.33	GENK	GEN Restaurant Group,	Pair Corr
0.33	SHAK	Shake Shack	Pair Corr
0.42	GM	General Motors	Pair Corr
0.35	WEYS	Weyco Group	Pair Corr
0.34	VSCO	Victorias Secret	Pair Corr
0.33	EEIQ	Elite Education Group	Pair Corr

Related Correlations Analysis

	CPHC	INSE	ACEL	GAMB	AGS	LNW	EVRI	IGT	CDRO
CPHC		0.15	0.11	0.12	0.1	0.05	0.07	-0.05	-0.04	CPHC
INSE	0.15		0.48	0.4	0.57	-0.28	0.69	-0.47	-0.1	INSE
ACEL	0.11	0.48		0.23	-0.18	0.33	-0.01	0.28	0.12	ACEL
GAMB	0.12	0.4	0.23		0.14	-0.09	0.23	-0.47	-0.37	GAMB
AGS	0.1	0.57	-0.18	0.14		-0.71	0.87	-0.81	0.0	AGS
LNW	0.05	-0.28	0.33	-0.09	-0.71		-0.58	0.73	-0.12	LNW
EVRI	0.07	0.69	-0.01	0.23	0.87	-0.58		-0.71	-0.08	EVRI
IGT	-0.05	-0.47	0.28	-0.47	-0.81	0.73	-0.71		-0.03	IGT
CDRO	-0.04	-0.1	0.12	-0.37	0.0	-0.12	-0.08	-0.03		CDRO
	CPHC	INSE	ACEL	GAMB	AGS	LNW	EVRI	IGT	CDRO

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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

EVRI	+ 0.87	AGS
IGT	+ 0.73	LNW
EVRI	+ 0.69	INSE
AGS	+ 0.57	INSE
ACEL	+ 0.48	INSE
GAMB	+ 0.4	INSE

High negative correlations

IGT	- 0.81	AGS
IGT	- 0.71	EVRI
LNW	- 0.71	AGS
EVRI	- 0.58	LNW
IGT	- 0.47	GAMB
IGT	- 0.47	INSE

Risk-Adjusted Indicators

There is a big difference between Sharplink Stock performing well and Sharplink Gaming 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 Sharplink Gaming'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
CPHC	1.51	(0.07)	0.00	(0.07)	0.00	0.00	3.63	(3.58)	9.71
INSE	1.66	0.16	0.06	0.26	2.10	(1.73)	4.29	(3.37)	10.43
ACEL	1.00	(0.06)	(0.04)	0.03	1.20	(1.15)	2.45	(2.40)	6.38
GAMB	1.63	0.35	0.18	0.54	1.36	(2.12)	3.12	(2.31)	25.87
AGS	0.18	0.03	(0.20)	0.54	0.00	(0.23)	0.52	(0.27)	1.06
LNW	1.56	(0.23)	0.00	(0.21)	0.00	0.00	2.65	(2.65)	22.70
EVRI	0.14	0.03	(0.28)	0.63	0.00	(0.19)	0.31	(0.23)	0.84
IGT	1.03	(0.31)	0.00	(0.18)	0.00	0.00	1.84	(1.98)	8.45
CDRO	1.34	(0.09)	0.00	1.57	0.00	0.00	3.44	(2.14)	15.12

Sharplink Gaming Corporate Management

Robert CPA	Chief Officer	Profile
David Abbott	Chief Officer	Profile
Tom Masterman	Vice Revenue	Profile
Dave Abbott	Chief Officer	Profile
Dodi Handy	Director Communications	Profile
Robert Phythian	President, CoFounder	Profile

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