CD Projekt Correlations

OTGLF Stock

USD 74.10 0.00 0.00%

The correlation of CD Projekt 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.

CD Projekt Correlation With Market

Significant diversification

The correlation between CD Projekt SA and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CD Projekt SA and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to CD Projekt could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CD Projekt 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 CD Projekt - 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 CD Projekt SA to buy it.

Moving together with OTGLF Pink Sheet

0.73	CVX	Chevron Corp	Pair Corr
0.73	CSCO	Cisco Systems	Pair Corr
0.77	IBM	International Business Earnings Call This Week	Pair Corr
0.68	JPM	JPMorgan Chase	Pair Corr
0.62	AXP	American Express	Pair Corr
0.65	PFE	Pfizer Inc	Pair Corr
0.65	MSFT	Microsoft	Pair Corr

Moving against OTGLF Pink Sheet

0.82	MCD	McDonalds	Pair Corr
0.48	PBCRY	Bank Central Asia Earnings Call This Week	Pair Corr
0.45	KO	Coca Cola Earnings Call Tomorrow	Pair Corr
0.42	HPQ	HP Inc	Pair Corr
0.37	VZ	Verizon Communications Earnings Call Tomorrow	Pair Corr
0.37	TRV	The Travelers Companies	Pair Corr

Related Correlations Analysis

	SQNNY	OTGLY	SQNXF	GRVY	NTDOY	CCOEY	7CD	CCOEF
SQNNY		0.7	0.78	0.47	0.72	0.72	0.7	0.61	SQNNY
OTGLY	0.7		0.74	0.1	0.73	0.71	0.85	0.62	OTGLY
SQNXF	0.78	0.74		0.43	0.81	0.67	0.63	0.67	SQNXF
GRVY	0.47	0.1	0.43		0.12	0.21	0.16	0.13	GRVY
NTDOY	0.72	0.73	0.81	0.12		0.69	0.63	0.67	NTDOY
CCOEY	0.72	0.71	0.67	0.21	0.69		0.69	0.37	CCOEY
7CD	0.7	0.85	0.63	0.16	0.63	0.69		0.48	7CD
CCOEF	0.61	0.62	0.67	0.13	0.67	0.37	0.48		CCOEF
	SQNNY	OTGLY	SQNXF	GRVY	NTDOY	CCOEY	7CD	CCOEF

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Risk-Adjusted Indicators

There is a big difference between OTGLF Pink Sheet performing well and CD Projekt 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 CD Projekt'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
SQNNY	1.51	0.40	0.09	0.74	1.35	(3.65)	3.27	(2.37)	23.19
OTGLY	1.44	0.30	0.13	2.49	1.18	(1.83)	3.02	(2.52)	14.52
SQNXF	1.68	0.61	0.12	2.21	1.10	(4.66)	5.33	(2.11)	17.15
GRVY	1.39	(0.03)	(0.04)	0.08	1.72	(1.38)	3.52	(3.22)	10.11
NTDOY	1.79	0.28	0.10	0.76	1.69	(2.25)	4.10	(3.73)	11.08
CCOEY	1.70	0.13	0.01	1.22	2.14	(1.85)	3.88	(3.86)	10.92
7CD	1.64	0.37	0.11	(0.99)	1.57	(1.92)	3.07	(3.07)	15.42
CCOEF	0.55	0.09	0.00	0.34	0.00	0.00	0.00	0.00	22.90

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Our tools can tell you how much better you can do entering a position in CD Projekt 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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CD Projekt Corporate Management

Michal Nowakowski	Member of the Management Board	Profile
Adam Badowski	Member of the Management Board	Profile
Piotr Karwowski	Member of the Management Board	Profile
Rafal Zuchowicz	Chief Accounting Officer	Profile
Maciej Nielubowicz	Member of the Supervisory Board	Profile
Pawel Zawodny	CTO Board	Profile

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