Atlanta Braves Correlations

BATRK Stock

USD 39.69 0.11 0.28%

The current 90-days correlation between Atlanta Braves Holdings, and Madison Square Garden is -0.13 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Atlanta Braves moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Atlanta Braves Holdings, moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Atlanta Braves Correlation With Market

Good diversification

The correlation between Atlanta Braves Holdings, and DJI is -0.1 (i.e., Good 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

0.75	SE	Sea	Pair Corr
0.76	T	ATT Inc Aggressive Push	Pair Corr
0.67	IQ	iQIYI Inc	Pair Corr
0.67	TU	Telus Corp	Pair Corr
0.62	TV	Grupo Televisa SAB Buyout Trend	Pair Corr
0.64	VZ	Verizon Communications Sell-off Trend	Pair Corr
0.79	WB	Weibo Corp	Pair Corr
0.66	ZH	Zhihu Inc ADR	Pair Corr

Moving against Atlanta Stock

0.62	EEX	Emerald Expositions	Pair Corr
0.55	TC	TuanChe ADR	Pair Corr
0.35	CMCSA	Comcast Corp Aggressive Push	Pair Corr
0.52	WIMI	WiMi Hologram Cloud	Pair Corr
0.51	ADD	Color Star Technology	Pair Corr
0.42	ZD	Ziff Davis	Pair Corr
0.41	AMC	AMC Entertainment	Pair Corr
0.37	ANGHW	Anghami Warrants	Pair Corr
0.35	DRCT	Direct Digital Holdings	Pair Corr
0.33	VSME	VS Media Holdings	Pair Corr

Related Correlations Analysis

	MSGS	FWONA	FWONK	BATRB	AGAEW	AMXX	APHP	BLIBQ	AFTM	SPHR
MSGS		0.33	0.46	0.0	0.0	0.0	0.34	0.0	0.61	0.47	MSGS
FWONA	0.33		0.98	0.0	0.0	0.0	0.16	0.0	-0.11	0.87	FWONA
FWONK	0.46	0.98		0.0	0.0	0.0	0.15	0.0	0.01	0.85	FWONK
BATRB	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	BATRB
AGAEW	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	AGAEW
AMXX	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	AMXX
APHP	0.34	0.16	0.15	0.0	0.0	0.0		0.0	-0.1	0.48	APHP
BLIBQ	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	BLIBQ
AFTM	0.61	-0.11	0.01	0.0	0.0	0.0	-0.1	0.0		-0.09	AFTM
SPHR	0.47	0.87	0.85	0.0	0.0	0.0	0.48	0.0	-0.09		SPHR
	MSGS	FWONA	FWONK	BATRB	AGAEW	AMXX	APHP	BLIBQ	AFTM	SPHR

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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
SPHR	+ 0.87	FWONA
SPHR	+ 0.85	FWONK
AFTM	+ 0.61	MSGS
SPHR	+ 0.48	APHP
SPHR	+ 0.47	MSGS

High negative correlations

AFTM	- 0.11	FWONA
AFTM	- 0.1	APHP
SPHR	- 0.09	AFTM
SPHR	- 0.0	BLIBQ
AFTM	- 0.0	BLIBQ
BLIBQ	- 0.0	APHP

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
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
BATRB	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AGAEW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
APHP	3.80	0.21	0.02	0.23	4.80	(9.19)	13.64	(11.54)	44.16
BLIBQ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AFTM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SPHR	2.04	(0.18)	0.00	(0.13)	0.00	0.00	4.86	(5.47)	20.04

Atlanta Braves Corporate Executives

Elected by the shareholders, the Atlanta Braves' board of directors comprises two types of representatives: Atlanta Braves inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Atlanta. The board's role is to monitor Atlanta Braves' management team and ensure that shareholders' interests are well served. Atlanta Braves' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Atlanta Braves' outside directors are responsible for providing unbiased perspectives on the board's policies.

Jill Robinson

CFO VP

Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC