Gaming Leisure Correlations

GLPI Stock

USD 41.33 0.52 1.24%

The current 90-days correlation between Gaming Leisure Properties and Lamar Advertising is 0.46 (i.e., Very weak diversification). The correlation of Gaming Leisure 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.

Gaming Leisure Correlation With Market

Modest diversification

The correlation between Gaming Leisure Properties and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gaming Leisure Properties and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Gaming Stock

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

Moving together with Gaming Stock

0.73	EPR	EPR Properties	Pair Corr
0.85	OPINL	Office Properties Income	Pair Corr

Moving against Gaming Stock

0.85	SSEZY	SSE PLC ADR	Pair Corr
0.78	SICNF	Sokoman Minerals Corp	Pair Corr
0.73	SHALF	Shangri La Asia	Pair Corr
0.73	GPOR	Gulfport Energy Operating	Pair Corr
0.71	IMKTA	Ingles Markets	Pair Corr
0.7	DSFGY	Dah Sing Financial	Pair Corr
0.68	AHFI	Absolute Health	Pair Corr
0.64	TUXS	Tuxis	Pair Corr
0.64	WHWK	Whitehawk Therapeutics, Symbol Change	Pair Corr
0.62	ERHE	ERHC Energy	Pair Corr
0.61	TDG	Transdigm Group	Pair Corr
0.6	AG	First Majestic Silver Buyout Trend	Pair Corr
0.55	XEL	Xcel Energy Sell-off Trend	Pair Corr
0.55	CHAC	Crane Harbor Acquisition	Pair Corr
0.54	OKUR	OnKure Therapeutics,	Pair Corr
0.53	DRD	DRDGOLD Limited ADR	Pair Corr
0.51	APLD	Applied Digital Aggressive Push	Pair Corr
0.5	YTRA	Yatra Online	Pair Corr
0.33	LAMR	Lamar Advertising	Pair Corr
0.92	PVLA	Palvella Therapeutics, Symbol Change	Pair Corr
0.9	GLUE	Monte Rosa Therapeutics	Pair Corr
0.88	KURA	Kura Oncology	Pair Corr
0.83	ELKEF	Elkem ASA	Pair Corr
0.79	IMXI	International Money	Pair Corr
0.78	CNX	CNX Resources Corp	Pair Corr
0.78	CLPHY	CLP Holdings	Pair Corr
0.75	STRNY	Severn Trent PLC	Pair Corr
0.7	ZIMCF	Zim Corp	Pair Corr
0.7	GOLF	Acushnet Holdings Corp	Pair Corr

Related Correlations Analysis

	LAMR	NLY	RITM	AMH	OHI	REG	HST	ELS
LAMR		0.79	0.36	-0.31	0.89	-0.29	0.77	0.24	LAMR
NLY	0.79		0.11	-0.52	0.87	-0.46	0.49	0.43	NLY
RITM	0.36	0.11		0.55	0.16	0.08	0.51	-0.44	RITM
AMH	-0.31	-0.52	0.55		-0.56	0.67	-0.06	-0.3	AMH
OHI	0.89	0.87	0.16	-0.56		-0.51	0.66	0.22	OHI
REG	-0.29	-0.46	0.08	0.67	-0.51		-0.11	0.17	REG
HST	0.77	0.49	0.51	-0.06	0.66	-0.11		-0.02	HST
ELS	0.24	0.43	-0.44	-0.3	0.22	0.17	-0.02		ELS
	LAMR	NLY	RITM	AMH	OHI	REG	HST	ELS

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

OHI	+ 0.89	LAMR
OHI	+ 0.87	NLY
NLY	+ 0.79	LAMR
HST	+ 0.77	LAMR
REG	+ 0.67	AMH
HST	+ 0.66	OHI

High negative correlations

OHI	- 0.56	AMH
AMH	- 0.52	NLY
REG	- 0.51	OHI
REG	- 0.46	NLY
ELS	- 0.44	RITM
AMH	- 0.31	LAMR

Risk-Adjusted Indicators

There is a big difference between Gaming Stock performing well and Gaming Leisure 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 Gaming Leisure'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
LAMR	0.93	0.00	(0.02)	0.05	1.11	(0.97)	2.08	(2.00)	7.61
NLY	0.84	0.02	0.00	0.10	1.01	(0.83)	1.71	(1.72)	4.00
RITM	0.90	(0.21)	0.00	(0.17)	0.00	0.00	1.30	(2.24)	5.74
AMH	0.79	(0.20)	0.00	(1.92)	0.00	0.00	1.32	(2.04)	4.83
OHI	0.90	0.09	0.03	(1.22)	0.90	(0.97)	2.13	(1.48)	6.45
REG	0.70	(0.13)	0.00	(0.23)	0.00	0.00	1.53	(1.35)	4.64
HST	1.15	(0.02)	(0.03)	0.04	1.25	(1.35)	2.78	(2.29)	9.68
ELS	0.72	(0.03)	0.00	(0.09)	0.00	0.00	1.82	(1.92)	5.76

Gaming Leisure Corporate Management

Brandon Moore	Sr. VP, General Counsel and Secretary	Profile
Desiree Burke	Chief Accounting Officer and Sr. VP	Profile
Brad Cohen	IR Contact Officer	Profile
Matthew CFA	Senior Officer	Profile
Carlo Santarelli	Senior Relations	Profile
Kara Smith	IR Contact Officer	Profile

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