GAMA.L vs. TCEHY
GAMA.L (Gamma Communications plc) and TCEHY (Tencent Holdings Limited) are both stocks. Both are in the Communication Services sector — GAMA.L in Telecom Services, TCEHY in Internet Content & Information. Over the past 10 years, GAMA.L returned 9.28%/yr vs 12.28%/yr for TCEHY. At a 0.07 correlation, their price movements are largely independent.
Performance
GAMA.L vs. TCEHY - Performance Comparison
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Different Trading Currencies
GAMA.L is traded in GBp, while TCEHY is traded in USD. To make them comparable, the TCEHY values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, GAMA.L achieves a 4.84% return, which is significantly higher than TCEHY's -22.80% return. Over the past 10 years, GAMA.L has underperformed TCEHY with an annualized return of 9.28%, while TCEHY has yielded a comparatively higher 12.28% annualized return.
GAMA.L
- 1D
- 0.47%
- 1M
- 6.12%
- YTD
- 4.84%
- 6M
- 3.38%
- 1Y
- -17.70%
- 3Y*
- -5.63%
- 5Y*
- -12.79%
- 10Y*
- 9.28%
TCEHY
- 1D
- 0.09%
- 1M
- -1.56%
- YTD
- -22.80%
- 6M
- -25.18%
- 1Y
- -9.59%
- 3Y*
- 8.93%
- 5Y*
- -2.77%
- 10Y*
- 12.28%
GAMA.L vs. TCEHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GAMA.L Gamma Communications plc | 4.84% | -38.48% | 37.47% | 5.50% | -33.64% | 0.94% | 24.70% | 83.75% | 14.44% | 40.13% |
TCEHY Tencent Holdings Limited | -22.80% | 34.89% | 44.40% | -10.20% | -16.05% | -17.92% | 45.68% | 17.29% | -19.32% | 96.68% |
Correlation
The correlation between GAMA.L and TCEHY is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Oct 13, 2014 | 0.07 |
Fundamentals
GAMA.L:
£897.91M
TCEHY:
$533.69B
GAMA.L:
£1.25
TCEHY:
$25.30
GAMA.L:
7.60
TCEHY:
2.30
GAMA.L:
1.19
TCEHY:
0.29
GAMA.L:
0.85
TCEHY:
0.70
GAMA.L:
2.33
TCEHY:
0.48
GAMA.L:
£1.07B
TCEHY:
$763.32B
GAMA.L:
£524.40M
TCEHY:
$422.60B
GAMA.L:
£202.95M
TCEHY:
$324.78B
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Return for Risk
GAMA.L vs. TCEHY — Risk / Return Rank
GAMA.L
TCEHY
GAMA.L vs. TCEHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gamma Communications plc (GAMA.L) and Tencent Holdings Limited (TCEHY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| GAMA.L | TCEHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.35 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 0.97 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.43 | -0.26 | -0.16 |
| Martin ratioReturn relative to average drawdown | -0.86 | -0.58 | -0.27 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GAMA.L | TCEHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.54 | -0.32 | -0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.44 | -0.07 | -0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | 0.32 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.69 | -0.16 |
Drawdowns
GAMA.L vs. TCEHY - Drawdown Comparison
The maximum GAMA.L drawdown since its inception was -68.18%, roughly equal to the maximum TCEHY drawdown of -67.81%. Use the drawdown chart below to compare losses from any high point for GAMA.L and TCEHY.
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Drawdown Indicators
| GAMA.L | TCEHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.18% | -67.81% | -0.37% |
Max Drawdown (1Y)Largest decline over 1 year | -41.34% | -36.64% | -4.70% |
Max Drawdown (3Y)Largest decline over 3 years | -58.48% | -36.64% | -21.84% |
Max Drawdown (5Y)Largest decline over 5 years | -68.18% | -59.17% | -9.01% |
Max Drawdown (10Y)Largest decline over 10 years | -68.18% | -67.81% | -0.37% |
Current DrawdownCurrent decline from peak | -56.03% | -32.30% | -23.73% |
Average DrawdownAverage peak-to-trough decline | -22.08% | -17.56% | -4.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.64% | 16.52% | +4.12% |
Volatility
GAMA.L vs. TCEHY - Volatility Comparison
The current volatility for Gamma Communications plc (GAMA.L) is 11.04%, while Tencent Holdings Limited (TCEHY) has a volatility of 12.49%. This indicates that GAMA.L experiences smaller price fluctuations and is considered to be less risky than TCEHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GAMA.L | TCEHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.04% | 12.49% | -1.45% |
Volatility (6M)Calculated over the trailing 6-month period | 28.19% | 23.56% | +4.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.63% | 29.94% | +2.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.15% | 41.75% | -12.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.33% | 38.09% | -7.76% |
Dividends
GAMA.L vs. TCEHY - Dividend Comparison
GAMA.L's dividend yield for the trailing twelve months is around 2.33%, more than TCEHY's 1.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GAMA.L Gamma Communications plc | 2.33% | 2.21% | 1.17% | 1.39% | 1.28% | 0.74% | 0.66% | 0.73% | 1.19% | 1.21% | 1.48% | 1.43% |
TCEHY Tencent Holdings Limited | 1.16% | 0.76% | 0.82% | 6.67% | 4.15% | 0.35% | 0.19% | 0.23% | 0.26% | 0.29% | 0.51% | 0.21% |
Financials
GAMA.L vs. TCEHY - Financials Comparison
This section allows you to compare key financial metrics between Gamma Communications plc and Tencent Holdings Limited. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
GAMA.L vs. TCEHY - Profitability Comparison
GAMA.L - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Gamma Communications plc reported a gross profit of 156.00M and revenue of 329.20M. Therefore, the gross margin over that period was 47.4%.
TCEHY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Tencent Holdings Limited reported a gross profit of 106.58B and revenue of 195.27B. Therefore, the gross margin over that period was 54.6%.
GAMA.L - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Gamma Communications plc reported an operating income of 49.80M and revenue of 329.20M, resulting in an operating margin of 15.1%.
TCEHY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Tencent Holdings Limited reported an operating income of 65.72B and revenue of 195.27B, resulting in an operating margin of 33.7%.
GAMA.L - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Gamma Communications plc reported a net income of 32.60M and revenue of 329.20M, resulting in a net margin of 9.9%.
TCEHY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Tencent Holdings Limited reported a net income of 57.74B and revenue of 195.27B, resulting in a net margin of 29.6%.
Frequently Asked Questions
GAMA.L and TCEHY have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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