PLAYSTUDIOS, Inc. Class A Common Stock (MYPS) — Stock Correlations & Overview
Over the past year, MYPS has moved most closely with NSP, KFY, DH. Explore the stocks most correlated and inversely correlated with MYPS below, along with its price, financials, and company profile.
Stocks correlated with MYPS
Correlation of daily returns. Higher positive values move with MYPS; negative values move opposite it. Informational only, not investment advice.
Most correlated with MYPS
| Symbol | Company | Correlation |
|---|---|---|
| NSP | Insperity, IncSERVICES-HELP SUPPLY SERVICES | 0.31 |
| KFY | Korn FerrySERVICES-EMPLOYMENT AGENCIES | 0.28 |
| DH | Definitive Healthcare Corp. Class A Common StockSERVICES-PREPACKAGED SOFTWARE | 0.28 |
| TNET | TRINET GROUP, INC.SERVICES-BUSINESS SERVICES, NEC | 0.28 |
| BBSI | Barrett Business ServicesSERVICES-HELP SUPPLY SERVICES | 0.27 |
Most inversely correlated with MYPS
| Symbol | Company | Correlation |
|---|---|---|
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.23 |
| LDRI | iShares iBonds 1-5 Year TIPS Ladder ETF | -0.23 |
| DWSH | AdvisorShares Dorsey Wright Short ETF | -0.22 |
| PLTD | Direxion Shares ETF Trust Direxion Dailly PLTR Bear 1X ETF | -0.21 |
| WCT | Wellchange Holdings Company Limited Class A Ordinary shares | -0.21 |
Frequently asked questions about MYPS correlations
- Which stocks are most correlated with MYPS?
- Based on one year of daily returns, the stocks most correlated with PLAYSTUDIOS, Inc. Class A Common Stock (MYPS) are NSP (0.31), KFY (0.28) and DH (0.28). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with MYPS?
- Over the past year, the stocks most inversely correlated with PLAYSTUDIOS, Inc. Class A Common Stock (MYPS) are HDGE (-0.23), LDRI (-0.23) and DWSH (-0.22). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these MYPS correlations calculated?
- We compute the correlation of daily returns between MYPS and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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