Silicon Gaming Correlations

SGIC Stock  USD 0.08  0.00  0.00%   
The current 90-days correlation between Silicon Gaming and Wheeler Real Estate is 0.01 (i.e., Significant 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

SiliconDowDiversified AwaySiliconDowDiversified Away100%

Significant diversification

The correlation between Silicon Gaming and DJI is 0.01 (i.e., Significant 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

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Moving against Silicon Pink Sheet

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  0.7TLK Telkom Indonesia TbkPairCorr
  0.65BKRKY Bank RakyatPairCorr
  0.52LKREF Link Real EstatePairCorr
  0.49FRT Federal Realty InvestmentPairCorr
  0.43CPAMF CapitaLand IntegratedPairCorr
  0.32BKRKF PT Bank RakyatPairCorr
  0.73PTAIY Astra International TbkPairCorr
  0.67ACOGF Alpha CognitionPairCorr

Related Correlations Analysis

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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   
WHLRDWHLRP
SITCWHLR
OSPG
CBLSPG
SPGCDR-PB
WHLRPCDR-PB
  
High negative correlations   
WHLRDWHLR
WHLRPWHLR
SITCWHLRD
SITCWHLRP
CBLSITC
WHLRCDR-PB

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
CDR-PB  2.32  0.22  0.05 (1.49) 3.57 
 5.70 
 21.31 
WHLR  5.73 (3.80) 0.00 (2.06) 0.00 
 7.43 
 40.54 
MAC  1.38  0.05  0.03  0.06  1.91 
 2.25 
 9.27 
SPG  0.88  0.04  0.04 (0.12) 1.24 
 1.46 
 6.55 
O  0.89 (0.01) 0.00 (0.05) 0.00 
 1.57 
 5.01 
WHLRP  3.10  0.33  0.07  0.31  3.69 
 6.96 
 20.50 
WHLRD  1.84  0.27  0.14 (2.61) 1.73 
 4.41 
 11.47 
PRET  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
SITC  0.99 (0.16) 0.00 (0.44) 0.00 
 2.14 
 6.86 
CBL  1.25  0.21  0.15  0.33  1.18 
 3.03 
 8.04 

Be your own money manager

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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