Golden Matrix Correlations
| GMGI Stock | USD 2.00 0.06 2.91% |
The current 90-days correlation between Golden Matrix Group and SohuCom is 0.02 (i.e., Significant diversification). The correlation of Golden Matrix 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.
Golden Matrix Correlation With Market
Significant diversification
The correlation between Golden Matrix Group and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Golden Matrix Group and DJI in the same portfolio, assuming nothing else is changed.
Golden |
Moving together with Golden Stock
Moving against Golden Stock
| 0.48 | NTES | NetEase | PairCorr |
| 0.44 | GXAI | Gaxosai Symbol Change | PairCorr |
| 0.36 | TC | TuanChe ADR | PairCorr |
| 0.34 | OB | Outbrain Buyout Trend | PairCorr |
| 0.5 | WB | Weibo Corp | PairCorr |
| 0.41 | YY | YY Inc Class | PairCorr |
Related Correlations Analysis
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