Penn National Correlations

Penn National Correlation With Market

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Penn National Gaming. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

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 SHOO + 0.88 CPRI CAKE + 0.87 VAC BRSL + 0.84 SBET FUN + 0.78 VAC CAKE + 0.78 DRVN CAKE + 0.76 FUN

High negative correlations FUN - 0.78 SHOO BRSL - 0.74 SHOO SHOO - 0.73 SBET BRSL - 0.68 CPRI FUN - 0.64 CPRI CPRI - 0.59 SBET

Risk-Adjusted Indicators

There is a big difference between Penn Stock performing well and Penn National 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 Penn National'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.