Gaming Leisure Correlations
| GLPI Stock | USD 44.92 0.08 0.18% |
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Gaming Leisure moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gaming Leisure Properties moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Significant diversification
The correlation between Gaming Leisure Properties and NYA is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gaming Leisure Properties and NYA in the same portfolio, assuming nothing else is changed.
Gaming |
The ability to find closely correlated positions to Gaming Leisure could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gaming Leisure 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 Gaming Leisure - 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 Gaming Leisure Properties to buy it.
Moving together with Gaming Stock
| 0.62 | PW | Power REIT | PairCorr |
| 0.75 | VICI | VICI Properties | PairCorr |
| 0.63 | ESBA | Empire State Realty | PairCorr |
| 0.68 | FISK | Empire State Realty | PairCorr |
Related Correlations Analysis
| 0.09 | 0.73 | 0.65 | 0.46 | VICI | ||
| 0.09 | -0.33 | 0.35 | -0.42 | SRC | ||
| 0.73 | -0.33 | 0.51 | 0.46 | BRX | ||
| 0.65 | 0.35 | 0.51 | 0.14 | SBRA | ||
| 0.46 | -0.42 | 0.46 | 0.14 | CUBE | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VICI | 0.96 | (0.03) | 0.00 | (0.13) | 0.00 | 2.04 | 7.73 | |||
| SRC | 1.25 | 0.32 | 0.25 | 14.09 | 0.93 | 3.17 | 8.33 | |||
| BRX | 0.92 | 0.02 | (0.01) | 0.17 | 1.19 | 1.98 | 8.12 | |||
| SBRA | 1.04 | 0.09 | 0.05 | 0.46 | 1.16 | 1.93 | 5.64 | |||
| CUBE | 1.27 | 0.00 | (0.01) | 0.01 | 1.83 | 2.27 | 10.46 |
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 | |
| Kara Smith | IR Contact Officer | Profile | |
| Steven Ladany | Senior Officer | Profile |
Complementary Tools for Gaming Stock analysis
When running Gaming Leisure's price analysis, check to measure Gaming Leisure's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Gaming Leisure is operating at the current time. Most of Gaming Leisure's value examination focuses on studying past and present price action to predict the probability of Gaming Leisure's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gaming Leisure's price. Additionally, you may evaluate how the addition of Gaming Leisure to your portfolios can decrease your overall portfolio volatility.
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets |