EAST SIDE Correlations

BL1 Stock

0.19 0.01 5.00%

The current 90-days correlation between EAST SIDE GAMES and Nintendo Co is -0.09 (i.e., Good diversification). The correlation of EAST SIDE 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.

EAST SIDE Correlation With Market

Modest diversification

The correlation between EAST SIDE GAMES and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding EAST SIDE GAMES and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with EAST Stock

0.72	931	Sea Limited	Pair Corr
0.71	AC8	Aristocrat Leisure	Pair Corr

Moving against EAST Stock

0.54	7NX	NEXON	Pair Corr
0.51	APC	Apple Inc	Pair Corr
0.51	APC	Apple Inc	Pair Corr
0.49	APC	Apple Inc	Pair Corr
0.48	7NX	NEXON	Pair Corr
0.48	APC	Apple Inc	Pair Corr
0.48	APC	Apple Inc	Pair Corr
0.47	ERT	Electronic Arts	Pair Corr
0.47	APC	Apple Inc	Pair Corr
0.71	NYT	NEW YORK TIMES	Pair Corr
0.6	HY9H	SK hynix	Pair Corr
0.57	X9C	Metalla Royalty Streaming	Pair Corr
0.56	NRI	NORTHRIM BA DL	Pair Corr
0.53	4H7	TROPHY GAMES DEV	Pair Corr
0.52	MM6A	Option Care Health	Pair Corr
0.48	FNL	Fresnillo plc	Pair Corr
0.47	APC	Apple Inc	Pair Corr
0.34	FMV	First Majestic Silver	Pair Corr
0.34	33L	Lululemon Athletica	Pair Corr
0.75	ZWS	Telia Lietuva AB	Pair Corr
0.71	AMV0	AUMOVIO N	Pair Corr
0.69	KGHA	KGHM Polska Miedz	Pair Corr
0.54	2Y7	Fastly Inc	Pair Corr

Related Correlations Analysis

	NTO	NTOA	931	ERT	7NX	7NX	TKE	AC8	71BA
NTO		0.98	0.54	-0.17	-0.41	-0.38	0.13	0.42	0.62	NTO
NTOA	0.98		0.56	-0.18	-0.39	-0.35	0.11	0.45	0.59	NTOA
931	0.54	0.56		-0.45	-0.73	-0.65	0.58	0.92	0.54	931
ERT	-0.17	-0.18	-0.45		0.22	0.07	0.01	-0.4	0.04	ERT
7NX	-0.41	-0.39	-0.73	0.22		0.91	-0.66	-0.75	-0.75	7NX
7NX	-0.38	-0.35	-0.65	0.07	0.91		-0.72	-0.68	-0.79	7NX
TKE	0.13	0.11	0.58	0.01	-0.66	-0.72		0.65	0.53	TKE
AC8	0.42	0.45	0.92	-0.4	-0.75	-0.68	0.65		0.62	AC8
71BA	0.62	0.59	0.54	0.04	-0.75	-0.79	0.53	0.62		71BA
	NTO	NTOA	931	ERT	7NX	7NX	TKE	AC8	71BA

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

NTOA	+ 0.98	NTO
AC8	+ 0.92	931
7NX	+ 0.91	7NX
AC8	+ 0.65	TKE
71BA	+ 0.62	NTO
71BA	+ 0.62	AC8

High negative correlations

71BA	- 0.79	7NX
71BA	- 0.75	7NX
AC8	- 0.75	7NX
7NX	- 0.73	931
TKE	- 0.72	7NX
AC8	- 0.68	7NX

Risk-Adjusted Indicators

There is a big difference between EAST Stock performing well and EAST SIDE 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 EAST SIDE'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
NTO	1.51	(0.36)	0.00	9.17	0.00	0.00	2.72	(3.11)	8.78
NTOA	1.82	(0.39)	0.00	(0.49)	0.00	0.00	2.79	(4.64)	13.17
931	2.19	(0.66)	0.00	(1.31)	0.00	0.00	3.38	(4.78)	13.55
ERT	0.77	0.25	0.27	0.56	0.26	(0.90)	0.97	(0.87)	20.95
7NX	2.25	0.16	0.03	(0.34)	2.47	(2.71)	5.70	(3.95)	16.08
7NX	1.55	0.20	0.08	6.22	1.36	(2.28)	5.58	(2.21)	11.44
TKE	1.27	(0.02)	0.00	(0.44)	0.00	0.00	2.55	(2.29)	12.89
AC8	1.12	(0.24)	0.00	(0.59)	0.00	0.00	1.88	(2.80)	8.76
71BA	2.13	(0.03)	0.00	(0.07)	0.00	0.00	4.93	(4.62)	14.81

Be your own money manager

Our tools can tell you how much better you can do entering a position in EAST SIDE 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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