| GAME Stock | | | USD 0.82 0.1 10.86% |
The current 90-days correlation between GameSquare Holdings and SohuCom is 0.05 (i.e., Significant diversification). The correlation of GameSquare Holdings 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.
GameSquare Holdings Correlation With Market
Good diversification
The correlation between GameSquare Holdings and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GameSquare Holdings and DJI in the same portfolio, assuming nothing else is changed.
Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GameSquare Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in population.
For information on how to trade GameSquare Stock refer to our
How to Trade GameSquare Stock guide.
Moving together with GameSquare Stock
Moving against GameSquare Stock
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GameSquare Holdings Corporate Management