Skillz Platform Correlations

SKLZ Stock

USD 3.76 0.14 3.59%

The current 90-days correlation between Skillz Platform and Playstudios is 0.16 (i.e., Average diversification). The correlation of Skillz Platform 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.

Skillz Platform Correlation With Market

Pay attention - limited upside

The correlation between Skillz Platform and DJI is -0.75 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Skillz Platform and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Skillz Stock

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

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

Moving together with Skillz Stock

0.75	SE	Sea	Pair Corr
0.78	CI7	CI GAMES SA	Pair Corr
0.93	NTO	Nintendo	Pair Corr
0.68	SP8	Streamplay Studio	Pair Corr
0.65	NCTY	The9 Ltd ADR	Pair Corr
0.71	BL1	EAST SIDE GAMES	Pair Corr
0.92	0HF	Focus Home Interactive	Pair Corr
0.69	UEN	Ubisoft Entertainment	Pair Corr
0.77	MYPSW	PLAYSTUDIOS	Pair Corr
0.7	8II	PLAYTIKA HOLDING	Pair Corr
0.68	EAGR	East Side Games	Pair Corr
0.76	NTNX	Nutanix	Pair Corr

Moving against Skillz Stock

0.81	PLY	Playside Studios	Pair Corr
0.72	GRVY	Gravity Earnings Call This Week	Pair Corr
0.64	8P8	REMEDY ENTERTAINMENT OYJ Earnings Call Today	Pair Corr
0.35	688	PLAY2CHILL SA ZY	Pair Corr
0.76	4H7	TROPHY GAMES DEV	Pair Corr
0.42	MSB	Mesabi Trust	Pair Corr
0.88	YLLXF	Yellow Cake plc	Pair Corr
0.85	KCDMY	Kimberly Clark de	Pair Corr

Related Correlations Analysis

	MYPS	GNSS	SLNH	NRDY	ASYS	MX	VHC	MLGO	PSQH	NA
MYPS		0.61	0.82	-0.11	-0.5	-0.42	0.36	0.82	0.8	0.28	MYPS
GNSS	0.61		0.7	0.02	-0.56	-0.3	0.39	0.75	0.76	0.35	GNSS
SLNH	0.82	0.7		-0.15	-0.62	-0.36	0.54	0.86	0.88	0.45	SLNH
NRDY	-0.11	0.02	-0.15		-0.05	0.4	-0.36	0.04	-0.09	-0.49	NRDY
ASYS	-0.5	-0.56	-0.62	-0.05		0.68	-0.42	-0.76	-0.82	-0.57	ASYS
MX	-0.42	-0.3	-0.36	0.4	0.68		-0.32	-0.5	-0.56	-0.61	MX
VHC	0.36	0.39	0.54	-0.36	-0.42	-0.32		0.54	0.56	0.78	VHC
MLGO	0.82	0.75	0.86	0.04	-0.76	-0.5	0.54		0.94	0.47	MLGO
PSQH	0.8	0.76	0.88	-0.09	-0.82	-0.56	0.56	0.94		0.56	PSQH
NA	0.28	0.35	0.45	-0.49	-0.57	-0.61	0.78	0.47	0.56		NA
	MYPS	GNSS	SLNH	NRDY	ASYS	MX	VHC	MLGO	PSQH	NA

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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

PSQH	+ 0.94	MLGO
PSQH	+ 0.88	SLNH
MLGO	+ 0.86	SLNH
SLNH	+ 0.82	MYPS
MLGO	+ 0.82	MYPS
PSQH	+ 0.8	MYPS

High negative correlations

PSQH	- 0.82	ASYS
MLGO	- 0.76	ASYS
ASYS	- 0.62	SLNH
NA	- 0.61	MX
NA	- 0.57	ASYS
PSQH	- 0.56	MX

Risk-Adjusted Indicators

There is a big difference between Skillz Stock performing well and Skillz Platform 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 Skillz Platform'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
MYPS	3.51	(0.80)	0.00	(0.39)	0.00	0.00	5.26	(10.59)	20.94
GNSS	1.97	(0.13)	0.00	0.21	0.00	0.00	3.56	(4.66)	16.48
SLNH	7.70	(1.51)	0.00	(0.23)	0.00	0.00	17.32	(13.09)	43.75
NRDY	3.97	(0.07)	0.02	0.06	3.97	(5.04)	9.17	(7.14)	20.36
ASYS	3.58	1.07	0.14	(1.75)	5.92	(4.00)	8.14	(4.87)	47.60
MX	2.51	(0.02)	0.01	0.07	3.05	(3.00)	5.10	(5.81)	18.85
VHC	3.79	(0.32)	0.00	(0.23)	0.00	0.00	6.47	(7.56)	25.58
MLGO	4.44	(1.29)	0.00	(0.31)	0.00	0.00	9.56	(10.30)	28.92
PSQH	3.71	(1.54)	0.00	(0.41)	0.00	0.00	6.67	(8.53)	19.40
NA	3.59	(0.41)	0.00	(0.33)	0.00	0.00	7.45	(7.27)	38.30

Skillz Platform Corporate Management

Christopher Gaffney	Independent Director	Profile
Stefan Gerhard	VP Fin	Profile
Stanley Mbugua	Chief Accounting Officer	Profile
Charlotte Edelman	General Counsel and Corporate Secretary	Profile
Vandana Krantz	Independent Director	Profile

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