Golden Entertainment Correlations
GDEN Stock | USD 33.19 0.03 0.09% |
The current 90-days correlation between Golden Entertainment and Wyndham Hotels Resorts is 0.46 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Golden Entertainment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Golden Entertainment moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Golden Entertainment Correlation With Market
Poor diversification
The correlation between Golden Entertainment and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Golden Entertainment and DJI in the same portfolio, assuming nothing else is changed.
Golden |
Moving against Golden Stock
Related Correlations Analysis
0.84 | 0.54 | 0.85 | 0.87 | 0.94 | 0.47 | WH | ||
0.84 | 0.75 | 0.97 | 0.98 | 0.9 | 0.75 | IHG | ||
0.54 | 0.75 | 0.75 | 0.73 | 0.65 | 0.57 | H | ||
0.85 | 0.97 | 0.75 | 0.99 | 0.94 | 0.79 | HLT | ||
0.87 | 0.98 | 0.73 | 0.99 | 0.94 | 0.77 | MAR | ||
0.94 | 0.9 | 0.65 | 0.94 | 0.94 | 0.66 | CHH | ||
0.47 | 0.75 | 0.57 | 0.79 | 0.77 | 0.66 | HTHT | ||
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Risk-Adjusted Indicators
There is a big difference between Golden Stock performing well and Golden Entertainment 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 Golden Entertainment'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
WH | 1.11 | 0.30 | 0.26 | 0.38 | 0.82 | 2.63 | 12.06 | |||
IHG | 0.92 | 0.23 | 0.25 | 0.28 | 0.60 | 2.10 | 5.83 | |||
H | 1.46 | (0.05) | 0.01 | 0.07 | 1.99 | 2.80 | 11.34 | |||
HLT | 0.85 | 0.14 | 0.15 | 0.22 | 0.81 | 2.06 | 5.61 | |||
MAR | 0.96 | 0.22 | 0.22 | 0.26 | 0.74 | 2.12 | 7.95 | |||
CHH | 1.07 | 0.18 | 0.13 | 0.30 | 0.96 | 2.47 | 7.70 | |||
HTHT | 2.28 | 0.31 | 0.13 | 0.51 | 1.91 | 6.30 | 20.56 |
Golden Entertainment Corporate Executives
Elected by the shareholders, the Golden Entertainment's board of directors comprises two types of representatives: Golden Entertainment inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Golden. The board's role is to monitor Golden Entertainment's management team and ensure that shareholders' interests are well served. Golden Entertainment's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Golden Entertainment's outside directors are responsible for providing unbiased perspectives on the board's policies.
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