Gamehost Correlations

GHIFF Stock  USD 9.52  0.00  0.00%   
The current 90-days correlation between Gamehost and Pizza Pizza Royalty is 0.03 (i.e., Significant diversification). The correlation of Gamehost 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.

Gamehost Correlation With Market

Good diversification

The correlation between Gamehost and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gamehost and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Gamehost could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gamehost 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 Gamehost - 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 Gamehost to buy it.

Moving together with Gamehost Pink Sheet

  0.86TLK Telkom Indonesia Tbk Earnings Call This WeekPairCorr
  0.91PTAIF PT Astra International Earnings Call This WeekPairCorr
  0.75PTAIY Astra International Tbk Earnings Call This WeekPairCorr
  0.88KEP Korea Electric PowerPairCorr
  0.82BAC Bank of America Aggressive PushPairCorr
  0.85BA Boeing Earnings Call This WeekPairCorr
  0.84PFE Pfizer IncPairCorr
  0.84GE GE AerospacePairCorr
  0.92CAT CaterpillarPairCorr
  0.76AXP American ExpressPairCorr
  0.78IBM International BusinessPairCorr
  0.84CVX Chevron CorpPairCorr
  0.87JPM JPMorgan ChasePairCorr
  0.76AA Alcoa CorpPairCorr
  0.65JNJ Johnson JohnsonPairCorr
  0.86DD Dupont De Nemours Earnings Call This WeekPairCorr
  0.86CSCO Cisco SystemsPairCorr

Moving against Gamehost Pink Sheet

  0.66MCD McDonaldsPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Gamehost Pink Sheet performing well and Gamehost 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 Gamehost'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Gamehost 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.

Did you try this?

Run Portfolio File Import Now

   

Portfolio File Import

Quickly import all of your third-party portfolios from your local drive in csv format
All  Next Launch Module

Gamehost Corporate Management