Gaxosai Correlations

GXAI Stock

1.24 0.01 0.80%

The current 90-days correlation between Gaxosai and Giga Media is 0.01 (i.e., Significant diversification). The correlation of Gaxosai 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.

Gaxosai Correlation With Market

Weak diversification

The correlation between Gaxosai and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gaxosai and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Gaxosai Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gaxosai. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

For more detail on how to invest in Gaxosai Stock please use our How to Invest in Gaxosai guide.

Moving together with Gaxosai Stock

0.63	GMHS	Gamehaus Holdings Class	Pair Corr
0.74	GRVY	Gravity	Pair Corr
0.7	NTES	NetEase	Pair Corr
0.73	SKLZ	Skillz Platform	Pair Corr
0.65	CURIW	CuriosityStream	Pair Corr
0.73	SE	Sea	Pair Corr
0.78	TC	TuanChe ADR	Pair Corr
0.7	TU	Telus Corp	Pair Corr
0.66	WB	Weibo Corp	Pair Corr

Moving against Gaxosai Stock

0.75	BHAT	Blue Hat Interactive	Pair Corr
0.63	GIGM	Giga Media	Pair Corr
0.51	TRUG	Trugolf	Pair Corr
0.43	GMGI	Golden Matrix Group	Pair Corr
0.38	GDEVW	Nexters Warrant	Pair Corr
0.34	PLTK	Playtika Holding Corp	Pair Corr
0.7	WIMI	WiMi Hologram Cloud	Pair Corr
0.39	DRCT	Direct Digital Holdings	Pair Corr
0.33	IQ	iQIYI Inc Aggressive Push	Pair Corr
0.31	ANGHW	Anghami Warrants	Pair Corr

Related Correlations Analysis

	EA	GCLWW	GDEVW	DDI	GCL	GDC	TBH	GAME	GDEV	GIGM
EA		0.08	-0.52	-0.26	0.5	0.48	0.48	0.05	0.34	-0.45	EA
GCLWW	0.08		-0.28	-0.47	0.5	0.56	0.39	0.48	-0.16	-0.05	GCLWW
GDEVW	-0.52	-0.28		0.33	-0.69	-0.65	-0.41	-0.42	-0.28	0.24	GDEVW
DDI	-0.26	-0.47	0.33		-0.08	-0.19	-0.26	0.09	0.13	0.17	DDI
GCL	0.5	0.5	-0.69	-0.08		0.88	0.4	0.76	0.24	-0.41	GCL
GDC	0.48	0.56	-0.65	-0.19	0.88		0.55	0.68	0.18	-0.33	GDC
TBH	0.48	0.39	-0.41	-0.26	0.4	0.55		0.19	0.44	-0.34	TBH
GAME	0.05	0.48	-0.42	0.09	0.76	0.68	0.19		0.11	-0.15	GAME
GDEV	0.34	-0.16	-0.28	0.13	0.24	0.18	0.44	0.11		-0.43	GDEV
GIGM	-0.45	-0.05	0.24	0.17	-0.41	-0.33	-0.34	-0.15	-0.43		GIGM
	EA	GCLWW	GDEVW	DDI	GCL	GDC	TBH	GAME	GDEV	GIGM

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

GDC	+ 0.88	GCL
GAME	+ 0.76	GCL
GAME	+ 0.68	GDC
GDC	+ 0.56	GCLWW
TBH	+ 0.55	GDC
GCL	+ 0.5	EA

High negative correlations

GCL	- 0.69	GDEVW
GDC	- 0.65	GDEVW
GDEVW	- 0.52	EA
DDI	- 0.47	GCLWW
GIGM	- 0.45	EA
GIGM	- 0.43	GDEV

Risk-Adjusted Indicators

There is a big difference between Gaxosai Stock performing well and Gaxosai 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 Gaxosai'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
EA	0.99	(0.02)	(0.06)	0.10	1.23	(0.96)	2.41	(2.52)	6.88
GCLWW	10.86	1.96	0.08	(0.27)	11.63	(18.39)	27.07	(24.82)	128.53
GDEVW	17.43	2.62	0.11	(7.70)	17.92	(21.47)	39.23	(33.84)	213.83
DDI	1.94	(0.02)	(0.01)	0.10	4.99	(1.79)	3.75	(3.15)	33.51
GCL	3.02	0.97	0.23	11.31	2.56	(3.38)	6.79	(5.14)	36.83
GDC	5.16	0.33	0.07	0.28	6.12	(5.76)	12.08	(7.95)	39.43
TBH	5.48	0.28	0.05	0.33	6.13	(6.94)	10.91	(9.52)	72.22
GAME	7.56	1.88	0.24	44.73	6.10	(10.94)	15.63	(9.04)	89.07
GDEV	4.83	0.74	0.14	0.75	4.96	(5.43)	13.76	(7.76)	52.80
GIGM	1.64	(0.14)	0.00	(0.43)	0.00	0.00	4.83	(2.70)	12.31

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