Silicon Gaming Correlations

SGIC Stock

USD 0.06 0.00 0.00%

The current 90-days correlation between Silicon Gaming and Wheeler Real Estate is -0.03 (i.e., Good diversification). The correlation of Silicon 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.

Silicon Gaming Correlation With Market

Good diversification

The correlation between Silicon Gaming and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Silicon Gaming and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Silicon Gaming could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Silicon Gaming 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 Silicon Gaming - 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 Silicon Gaming to buy it.

Moving together with Silicon Pink Sheet

0.73	SPG	Simon Property Group Sell-off Trend	Pair Corr
0.78	KIM	Kimco Realty	Pair Corr
0.77	FNMFO	Federal National Mortgage	Pair Corr
0.83	PLTR	Palantir Technologies Aggressive Push	Pair Corr
0.65	FDS	FactSet Research Systems	Pair Corr
0.8	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.62	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.75	WMT	Walmart Aggressive Push	Pair Corr
0.7	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.66	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.82	BAC	Bank of America Aggressive Push	Pair Corr

Moving against Silicon Pink Sheet

0.9	O	Realty Income	Pair Corr
0.9	BCH	Banco De Chile	Pair Corr
0.79	SHG	Shinhan Financial	Pair Corr
0.66	SCTSF	Scottie Resources Corp	Pair Corr
0.65	CPAMF	CapitaLand Integrated	Pair Corr
0.6	WF	Woori Financial Group	Pair Corr
0.59	UNBLF	WFD Unibail Rodamco	Pair Corr
0.51	LKREF	Link Real Estate	Pair Corr
0.48	STGPF	Scentre Group	Pair Corr
0.36	BAC-PL	Bank of America	Pair Corr
0.92	KO	Coca Cola Aggressive Push	Pair Corr
0.85	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.83	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.58	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.44	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr
0.38	VZ	Verizon Communications Sell-off Trend	Pair Corr

Related Correlations Analysis

	CDR-PB	WHLR	MAC	SPG	O	WHLRP	WHLRD	PRET	SITC	CBL
CDR-PB		-0.47	0.85	0.78	-0.52	0.55	0.69	0.0	0.62	0.54	CDR-PB
WHLR	-0.47		-0.52	-0.56	0.48	-0.48	-0.41	0.0	-0.36	-0.55	WHLR
MAC	0.85	-0.52		0.94	-0.6	0.68	0.82	0.0	0.68	0.79	MAC
SPG	0.78	-0.56	0.94		-0.63	0.69	0.81	0.0	0.63	0.85	SPG
O	-0.52	0.48	-0.6	-0.63		-0.44	-0.49	0.0	-0.24	-0.61	O
WHLRP	0.55	-0.48	0.68	0.69	-0.44		0.92	0.0	0.82	0.58	WHLRP
WHLRD	0.69	-0.41	0.82	0.81	-0.49	0.92		0.0	0.81	0.64	WHLRD
PRET	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	PRET
SITC	0.62	-0.36	0.68	0.63	-0.24	0.82	0.81	0.0		0.43	SITC
CBL	0.54	-0.55	0.79	0.85	-0.61	0.58	0.64	0.0	0.43		CBL
	CDR-PB	WHLR	MAC	SPG	O	WHLRP	WHLRD	PRET	SITC	CBL

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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

SPG	+ 0.94	MAC
WHLRD	+ 0.92	WHLRP
MAC	+ 0.85	CDR-PB
CBL	+ 0.85	SPG
WHLRD	+ 0.82	MAC
SITC	+ 0.82	WHLRP

High negative correlations

O	- 0.63	SPG
CBL	- 0.61	O
O	- 0.6	MAC
SPG	- 0.56	WHLR
CBL	- 0.55	WHLR
MAC	- 0.52	WHLR

Risk-Adjusted Indicators

There is a big difference between Silicon Pink Sheet performing well and Silicon 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 Silicon 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
CDR-PB	1.89	0.21	0.02	25.86	2.73	(2.00)	4.28	(4.61)	13.67
WHLR	20.27	5.91	0.36	(0.47)	11.71	(41.35)	35.36	(25.57)	337.06
MAC	1.38	0.38	0.21	0.66	1.18	(1.65)	3.07	(2.05)	7.19
SPG	0.80	0.11	0.02	0.45	0.79	(0.92)	1.76	(1.66)	4.38
O	0.78	(0.07)	0.00	0.57	0.00	0.00	1.38	(1.84)	5.16
WHLRP	3.06	0.42	0.07	(2.78)	3.27	(3.67)	6.45	(6.34)	21.22
WHLRD	1.50	0.52	0.16	(1.91)	1.79	(1.71)	4.37	(2.71)	16.20
PRET	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SITC	1.94	0.55	0.25	(1.91)	1.20	(2.75)	2.60	(2.81)	48.55
CBL	1.00	0.20	0.15	0.44	0.63	(1.29)	2.62	(1.29)	6.14

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Our tools can tell you how much better you can do entering a position in Silicon Gaming without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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