CD Projekt Correlations
| OTGLF Stock | USD 33.00 0.81 2.40% |
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CD Projekt moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CD Projekt SA 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.
Good diversification
The correlation between CD Projekt SA and NYA is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CD Projekt SA and NYA in the same portfolio, assuming nothing else is changed.
OTGLF |
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 | SMFG | Sumitomo Mitsui Financial | PairCorr |
| 0.75 | SMFNF | Sumitomo Mitsui Financial | PairCorr |
| 0.65 | ACSAY | ACS Actividades De | PairCorr |
Related Correlations Analysis
| -0.18 | -0.33 | -0.76 | 0.93 | GCI | ||
| -0.18 | 0.39 | 0.14 | 0.03 | DALN | ||
| -0.33 | 0.39 | 0.44 | -0.1 | SCHL | ||
| -0.76 | 0.14 | 0.44 | -0.67 | PSO | ||
| 0.93 | 0.03 | -0.1 | -0.67 | NYT | ||
| 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
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GCI | 2.93 | 1.18 | 0.43 | 0.52 | 2.00 | 6.41 | 34.23 | |||
| DALN | 1.16 | (0.01) | 0.00 | 0.04 | 0.00 | 2.37 | 7.86 | |||
| SCHL | 1.18 | (0.13) | 0.00 | (0.16) | 0.00 | 2.14 | 5.43 | |||
| PSO | 0.83 | (0.11) | 0.00 | (0.09) | 0.00 | 1.66 | 4.12 | |||
| NYT | 0.74 | 0.26 | 0.27 | 0.35 | 0.58 | 1.99 | 4.62 |
Be your own money manager
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.Did you try this?
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Portfolio BacktestingAvoid under-diversification and over-optimization by backtesting your portfolios |
| All Next | Launch Module |
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 |
Complementary Tools for OTGLF Pink Sheet analysis
When running CD Projekt's price analysis, check to measure CD Projekt'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 CD Projekt is operating at the current time. Most of CD Projekt's value examination focuses on studying past and present price action to predict the probability of CD Projekt's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CD Projekt's price. Additionally, you may evaluate how the addition of CD Projekt to your portfolios can decrease your overall portfolio volatility.
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