TSOGO SUN Correlations

G5E Stock

EUR 0.33 0.01 3.13%

The current 90-days correlation between TSOGO SUN GAMING and Galaxy Entertainment Group is 0.2 (i.e., Modest diversification). The correlation of TSOGO SUN 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.

TSOGO SUN Correlation With Market

Significant diversification

The correlation between TSOGO SUN GAMING and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TSOGO SUN GAMING and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against TSOGO Stock

0.77	HYU	Hyundai Motor	Pair Corr
0.76	2WGA	WOORI FIN GRP Earnings Call Tomorrow	Pair Corr
0.76	ORC	Oracle	Pair Corr
0.74	2C6	China Development Bank	Pair Corr
0.69	KBIA	KB Financial Group	Pair Corr
0.65	ENR	Siemens Energy AG	Pair Corr
0.63	6GI	Entain Plc	Pair Corr
0.61	6GI0	ENTAIN PLC UNSPADR1	Pair Corr
0.61	A59	Applied Optoelectronics	Pair Corr
0.57	3MC	Multiconsult ASA	Pair Corr
0.55	KW9A	Galaxy Entertainment	Pair Corr
0.52	ECHA	Ecopetrol SA	Pair Corr
0.51	ECHA	Ecopetrol SA	Pair Corr
0.47	599A	Sands China	Pair Corr
0.46	LCR	Las Vegas Sands	Pair Corr
0.45	BO5	Boyd Gaming	Pair Corr
0.42	MGG	MGM Resorts International Earnings Call This Week	Pair Corr
0.39	VAI	Vail Resorts	Pair Corr
0.35	WYR	Wynn Resorts Limited	Pair Corr
0.7	DNQA	Equinor ASA	Pair Corr
0.65	YXS	Sany Heavy Equipment	Pair Corr
0.55	KIN2	Kinross Gold Earnings Call This Week	Pair Corr
0.54	Z1L0	LEROY SEAFOOD GRUNSPADR	Pair Corr
0.53	3FY	AJ Bell plc	Pair Corr
0.52	6HS	Horseshoe Metals	Pair Corr
0.51	7T4	Tinexta SpA Earnings Call This Week	Pair Corr
0.47	1FW1	WUXI BIOLOGICS UNSPADR2	Pair Corr
0.41	UOF	Urban Outfitters	Pair Corr
0.39	19H	Hercules Capital Earnings Call This Week	Pair Corr
0.34	E908	Lyxor 1	Pair Corr
0.33	KGHA	KGHM Polska Miedz	Pair Corr
0.31	AC6	ALZECURE PHARMA AB	Pair Corr

Related Correlations Analysis

	LCR	KW9A	599A	WYR	6GI0	6GI
LCR		0.69	0.94	0.94	0.89	0.9	LCR
KW9A	0.69		0.72	0.64	0.68	0.68	KW9A
599A	0.94	0.72		0.9	0.82	0.82	599A
WYR	0.94	0.64	0.9		0.79	0.81	WYR
6GI0	0.89	0.68	0.82	0.79		0.98	6GI0
6GI	0.9	0.68	0.82	0.81	0.98		6GI
	LCR	KW9A	599A	WYR	6GI0	6GI

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Risk-Adjusted Indicators

There is a big difference between TSOGO Stock performing well and TSOGO SUN 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 TSOGO SUN'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
LCR	1.71	0.36	0.14	1.02	1.33	(2.04)	4.86	(2.49)	11.39
KW9A	1.65	0.36	0.12	0.94	1.45	(2.24)	5.35	(2.72)	13.01
599A	2.08	0.43	0.07	(5.97)	2.31	(2.45)	4.19	(4.68)	11.44
WYR	1.70	0.34	0.10	1.32	1.48	(2.04)	4.48	(3.27)	12.92
6GI0	1.72	0.96	0.53	(3.20)	0.00	(2.68)	3.67	(1.15)	17.14
6GI	1.73	0.76	0.46	2.31	0.40	(2.36)	5.76	(1.76)	18.66

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Our tools can tell you how much better you can do entering a position in TSOGO SUN 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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