Atlanta Braves Correlations

BATRA Stock

USD 44.00 0.69 1.59%

The correlation of Atlanta Braves 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Atlanta Braves Correlation With Market

Very weak diversification

The correlation between Atlanta Braves Holdings, and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Atlanta Braves Holdings, and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Atlanta Braves Holdings,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Atlanta Stock

0.86	SE	Sea	Pair Corr
0.84	T	ATT Inc Aggressive Push	Pair Corr
0.72	IQ	iQIYI Inc	Pair Corr
0.67	KT	KT Corporation	Pair Corr
0.76	TU	Telus Corp	Pair Corr
0.67	TV	Grupo Televisa SAB Buyout Trend	Pair Corr
0.63	VZ	Verizon Communications Sell-off Trend	Pair Corr
0.75	WB	Weibo Corp	Pair Corr
0.75	YY	YY Inc Class	Pair Corr
0.66	ZH	Zhihu Inc ADR	Pair Corr
0.64	EVER	EverQuote Class A	Pair Corr

Moving against Atlanta Stock

0.64	EEX	Emerald Expositions	Pair Corr
0.59	CMCSA	Comcast Corp Aggressive Push	Pair Corr
0.57	TC	TuanChe ADR	Pair Corr
0.53	EA	Electronic Arts Sell-off Trend	Pair Corr
0.46	RSVR	Reservoir Media	Pair Corr
0.38	OB	Outbrain	Pair Corr
0.72	ADD	Color Star Technology	Pair Corr
0.65	AMC	AMC Entertainment	Pair Corr
0.62	ANGHW	Anghami Warrants	Pair Corr
0.61	WIMI	WiMi Hologram Cloud	Pair Corr
0.49	ZD	Ziff Davis	Pair Corr
0.39	DRCT	Direct Digital Holdings	Pair Corr
0.34	VSME	VS Media Holdings	Pair Corr

Related Correlations Analysis

	BATRB	MSGS	FWONA	FWONK	SPHR	BATRK	MCS	NWS	NWSA	AGAEW
BATRB		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	BATRB
MSGS	0.0		0.33	0.46	0.47	-0.48	0.77	-0.15	0.16	0.0	MSGS
FWONA	0.0	0.33		0.98	0.87	0.31	0.74	0.78	0.88	0.0	FWONA
FWONK	0.0	0.46	0.98		0.85	0.22	0.81	0.7	0.83	0.0	FWONK
SPHR	0.0	0.47	0.87	0.85		0.02	0.77	0.61	0.74	0.0	SPHR
BATRK	0.0	-0.48	0.31	0.22	0.02		-0.12	0.65	0.48	0.0	BATRK
MCS	0.0	0.77	0.74	0.81	0.77	-0.12		0.36	0.59	0.0	MCS
NWS	0.0	-0.15	0.78	0.7	0.61	0.65	0.36		0.92	0.0	NWS
NWSA	0.0	0.16	0.88	0.83	0.74	0.48	0.59	0.92		0.0	NWSA
AGAEW	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		AGAEW
	BATRB	MSGS	FWONA	FWONK	SPHR	BATRK	MCS	NWS	NWSA	AGAEW

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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

FWONK	+ 0.98	FWONA
NWSA	+ 0.92	NWS
NWSA	+ 0.88	FWONA
SPHR	+ 0.87	FWONA
SPHR	+ 0.85	FWONK
NWSA	+ 0.83	FWONK

High negative correlations

BATRK	- 0.48	MSGS
NWS	- 0.15	MSGS
MCS	- 0.12	BATRK
AGAEW	- 0.0	NWSA
AGAEW	- 0.0	NWS
AGAEW	- 0.0	MCS

Risk-Adjusted Indicators

There is a big difference between Atlanta Stock performing well and Atlanta Braves 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 Atlanta Braves' 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
BATRB	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MSGS	0.99	(0.25)	0.00	(0.37)	0.00	0.00	1.65	(2.35)	6.74
FWONA	1.40	(0.07)	0.00	(0.05)	0.00	0.00	2.86	(3.51)	11.33
FWONK	1.34	(0.08)	0.00	(0.07)	0.00	0.00	2.97	(3.18)	9.82
SPHR	2.04	(0.18)	0.00	(0.13)	0.00	0.00	4.86	(5.47)	20.04
BATRK	0.86	(0.01)	0.00	0.08	0.00	0.00	1.84	(1.48)	4.75
MCS	1.47	(0.34)	0.00	(0.31)	0.00	0.00	2.16	(2.95)	15.15
NWS	0.90	(0.01)	(0.01)	(0.01)	1.46	(0.86)	1.78	(1.92)	8.72
NWSA	0.88	(0.04)	0.00	(0.05)	0.00	0.00	1.90	(1.79)	7.78
AGAEW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Atlanta Braves Corporate Management

Ben Oren	Executive Treasurer	Profile
Shane Kleinstein	Head Relations	Profile
Christopher Shean	Senior Advisor	Profile
Michael Hurelbrink	Assistant Secretary	Profile

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