Big Screen Correlations

BSEG Stock

USD 0.02 0 22.50%

The correlation of Big Screen 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.

Big Screen Correlation With Market

Significant diversification

The correlation between Big Screen Entertainment and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Big Screen Entertainment and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Big Screen could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Big Screen 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 Big Screen - 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 Big Screen Entertainment to buy it.

Moving against Big Pink Sheet

0.46	FOX	Fox Corp Class	Pair Corr
0.36	UNVGY	Universal Music Group	Pair Corr
0.34	MBFJF	Mitsubishi UFJ Financial Normal Trading	Pair Corr
0.33	MZHOF	Mizuho Financial	Pair Corr
0.32	UMGNF	Universal Music Group	Pair Corr
0.48	ILIKF	Ilika plc	Pair Corr
0.46	MSLVF	Mantaro Silver Corp	Pair Corr
0.39	67103HAL1	ORLY 47 15	Pair Corr
0.39	O	Realty Income Sell-off Trend	Pair Corr
0.39	BAYZF	Bayer AG	Pair Corr
0.39	MBAV	M3 Brigade Acquisition	Pair Corr
0.36	DTRUY	Daimler Truck Holding	Pair Corr
0.38	COOTW	Australian Oilseeds	Pair Corr
0.36	AGS	PlayAGS	Pair Corr

Related Correlations Analysis

	AFOM	AFTM	BOTY	WRIT	NWS	FOXA	FWONA	MCS	MSGS	FOX
AFOM		-0.23	-0.07	0.18	-0.06	0.27	0.1	-0.19	-0.25	0.28	AFOM
AFTM	-0.23		0.62	0.31	-0.5	-0.69	-0.22	0.4	0.67	-0.7	AFTM
BOTY	-0.07	0.62		0.33	-0.31	-0.78	-0.07	0.47	0.73	-0.75	BOTY
WRIT	0.18	0.31	0.33		-0.34	-0.3	-0.21	0.02	0.06	-0.32	WRIT
NWS	-0.06	-0.5	-0.31	-0.34		0.58	0.76	0.33	-0.18	0.62	NWS
FOXA	0.27	-0.69	-0.78	-0.3	0.58		0.42	-0.29	-0.73	0.99	FOXA
FWONA	0.1	-0.22	-0.07	-0.21	0.76	0.42		0.63	0.16	0.49	FWONA
MCS	-0.19	0.4	0.47	0.02	0.33	-0.29	0.63		0.75	-0.24	MCS
MSGS	-0.25	0.67	0.73	0.06	-0.18	-0.73	0.16	0.75		-0.68	MSGS
FOX	0.28	-0.7	-0.75	-0.32	0.62	0.99	0.49	-0.24	-0.68		FOX
	AFOM	AFTM	BOTY	WRIT	NWS	FOXA	FWONA	MCS	MSGS	FOX

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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

FOX	+ 0.99	FOXA
FWONA	+ 0.76	NWS
MSGS	+ 0.75	MCS
MSGS	+ 0.73	BOTY
MSGS	+ 0.67	AFTM
MCS	+ 0.63	FWONA

High negative correlations

FOXA	- 0.78	BOTY
FOX	- 0.75	BOTY
MSGS	- 0.73	FOXA
FOX	- 0.7	AFTM
FOXA	- 0.69	AFTM
FOX	- 0.68	MSGS

Risk-Adjusted Indicators

There is a big difference between Big Pink Sheet performing well and Big Screen 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 Big Screen'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
AFOM	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
BOTY	9.01	0.85	0.01	0.13	13.24	(60.00)	50.00	(33.33)	150.00
WRIT	10.54	2.41	0.11	1.56	10.26	(31.27)	33.33	(19.23)	164.29
NWS	0.90	0.01	0.00	(0.08)	0.00	0.00	1.78	(1.92)	8.72
FOXA	1.13	0.24	0.24	0.41	1.10	(1.38)	2.47	(2.38)	7.97
FWONA	1.38	0.05	0.00	(0.04)	0.00	0.00	2.86	(3.51)	11.33
MCS	1.36	(0.32)	0.00	(0.49)	0.00	0.00	2.10	(2.95)	15.15
MSGS	0.99	(0.21)	0.00	(0.45)	0.00	0.00	1.65	(2.35)	6.74
FOX	1.10	0.22	0.21	0.33	1.09	(1.24)	2.73	(2.02)	7.90

Be your own money manager

Our tools can tell you how much better you can do entering a position in Big Screen 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.

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Big Screen Corporate Management

Stephen Eckelberry	CoChairperson	Profile
Michael Manasseri	Consultant CoFounder	Profile
Catherine Taylor	Pres Devel	Profile
Kimberley Kates	CoChairperson Founder	Profile
Sandro Monetti	Chief Officer	Profile
Michael Gardiner	Pres Affairs	Profile

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