Gamehost Correlations
| GHIFF Stock | USD 9.52 0.00 0.00% |
The current 90-days correlation between Gamehost and Penn National Gaming is -0.11 (i.e., Good 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 -0.08 (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.
Gamehost |
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
| 0.84 | PTC | PTC Inc Earnings Call This Week | PairCorr |
| 0.69 | MHO | MI Homes Earnings Call This Week | PairCorr |
| 0.81 | IVZ | Invesco Plc Sell-off Trend | PairCorr |
| 0.7 | CRWV | CoreWeave, Class A | PairCorr |
| 0.97 | MAIN | Main Street Capital | PairCorr |
| 0.8 | F | Ford Motor Earnings Call This Week | PairCorr |
| 0.92 | CAT | Caterpillar | PairCorr |
| 0.85 | CVX | Chevron Corp Earnings Call This Week | PairCorr |
| 0.77 | AA | Alcoa Corp | PairCorr |
| 0.84 | CSCO | Cisco Systems | PairCorr |
| 0.86 | BA | Boeing Earnings Call This Week | PairCorr |
| 0.63 | JNJ | Johnson Johnson | PairCorr |
| 0.73 | MMM | 3M Company | PairCorr |
| 0.75 | IBM | International Business | PairCorr |
| 0.85 | GE | GE Aerospace | PairCorr |
| 0.84 | PFE | Pfizer Inc Sell-off Trend | PairCorr |
| 0.69 | INTC | Intel | PairCorr |
| 0.84 | MSFT | Microsoft Earnings Call This Week | PairCorr |
Moving against Gamehost Pink Sheet
| 0.46 | KO | Coca Cola Sell-off Trend | PairCorr |
| 0.44 | PG | Procter Gamble Earnings Call This Week | PairCorr |
| 0.32 | NIHK | Video River Networks | PairCorr |
Related Correlations Analysis
| 0.74 | 0.63 | 0.6 | 0.77 | PENN | ||
| 0.74 | 0.92 | 0.88 | 0.89 | BTBIF | ||
| 0.63 | 0.92 | 0.86 | 0.82 | LWSCF | ||
| 0.6 | 0.88 | 0.86 | 0.79 | CWYUF | ||
| 0.77 | 0.89 | 0.82 | 0.79 | EIFZF | ||
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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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PENN | 2.20 | 0.06 | 0.08 | 0.27 | 2.29 | 5.64 | 16.00 | |||
| BTBIF | 0.58 | 0.21 | (0.02) | (26.21) | 0.46 | 2.14 | 7.77 | |||
| LWSCF | 0.91 | 0.19 | (0.01) | 8.24 | 1.46 | 1.76 | 12.95 | |||
| CWYUF | 0.47 | 0.01 | (0.18) | 0.27 | 0.48 | 1.49 | 3.96 | |||
| EIFZF | 1.13 | 0.47 | 0.18 | 3.02 | 0.00 | 5.94 | 12.11 |