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

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0.91	PTAIF	PT Astra International Earnings Call This Week	Pair Corr
0.75	PTAIY	Astra International Tbk Earnings Call This Week	Pair Corr
0.88	KEP	Korea Electric Power	Pair Corr
0.82	BAC	Bank of America Aggressive Push	Pair Corr
0.85	BA	Boeing Earnings Call This Week	Pair Corr
0.84	PFE	Pfizer Inc	Pair Corr
0.84	GE	GE Aerospace	Pair Corr
0.92	CAT	Caterpillar	Pair Corr
0.76	AXP	American Express	Pair Corr
0.78	IBM	International Business	Pair Corr
0.84	CVX	Chevron Corp	Pair Corr
0.87	JPM	JPMorgan Chase	Pair Corr
0.76	AA	Alcoa Corp	Pair Corr
0.65	JNJ	Johnson Johnson	Pair Corr
0.86	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.86	CSCO	Cisco Systems	Pair Corr

Moving against Gamehost Pink Sheet

0.66

MCD

McDonalds

Pair Corr

Related Correlations Analysis

	PENN	PZRIF	BTBIF	LWSCF	CWYUF	EIFZF
PENN		0.81	0.75	0.65	0.61	0.74	PENN
PZRIF	0.81		0.92	0.85	0.84	0.92	PZRIF
BTBIF	0.75	0.92		0.93	0.88	0.89	BTBIF
LWSCF	0.65	0.85	0.93		0.87	0.83	LWSCF
CWYUF	0.61	0.84	0.88	0.87		0.78	CWYUF
EIFZF	0.74	0.92	0.89	0.83	0.78		EIFZF
	PENN	PZRIF	BTBIF	LWSCF	CWYUF	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	2.22	0.09	0.08	0.26	2.34	(2.49)	5.64	(3.56)	16.00
PZRIF	0.46	0.26	0.05	(2.76)	0.00	(0.92)	1.62	(0.55)	3.93
BTBIF	0.60	0.25	0.02	(2.57)	0.44	(1.11)	2.14	(0.85)	7.77
LWSCF	0.91	0.19	0.00	6.66	1.46	(1.27)	1.76	(1.38)	12.95
CWYUF	0.48	0.00	(0.15)	0.20	0.56	(0.63)	1.49	(1.06)	3.96
EIFZF	1.13	0.56	0.15	(0.89)	0.26	(2.61)	5.94	(2.08)	12.11

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.

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Gamehost Corporate Management

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