Cardlytics Correlations

CDLX Stock

USD 2.28 0.07 2.98%

The current 90-days correlation between Cardlytics and Emerald Expositions Events is 0.36 (i.e., Weak diversification). The correlation of Cardlytics 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Cardlytics Correlation With Market

Modest diversification

The correlation between Cardlytics and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cardlytics 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 Cardlytics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more information on how to buy Cardlytics Stock please use our How to Invest in Cardlytics guide.

Moving together with Cardlytics Stock

0.65	TC	TuanChe ADR	Pair Corr
0.74	ADD	Color Star Technology	Pair Corr
0.85	ADV	Advantage Solutions Buyout Trend	Pair Corr
0.78	AMC	AMC Entertainment Aggressive Push	Pair Corr
0.76	CCO	Clear Channel Outdoor	Pair Corr
0.85	CHR	Cheer Holding	Pair Corr
0.89	CNK	Cinemark Holdings	Pair Corr
0.68	DIS	Walt Disney	Pair Corr
0.82	DUO	Fangdd Network Group	Pair Corr
0.86	EEX	Emerald Expositions	Pair Corr
0.78	EVC	Entravision Communications	Pair Corr
0.88	GCI	Gannett	Pair Corr
0.62	HAO	Haoxi Health Technology	Pair Corr
0.66	HHS	Harte Hanks	Pair Corr
0.88	LEE	Lee Enterprises	Pair Corr
0.74	LVO	LiveOne	Pair Corr
0.84	MCS	Marcus	Pair Corr

Moving against Cardlytics Stock

0.6	SE	Sea	Pair Corr
0.45	CURIW	CuriosityStream	Pair Corr
0.43	BATRA	Atlanta Braves Holdings,	Pair Corr
0.6	FOXA	Fox Corp Class	Pair Corr
0.55	FOX	Fox Corp Class	Pair Corr
0.51	PSO	Pearson PLC ADR	Pair Corr
0.44	GTN	Gray Television	Pair Corr

Related Correlations Analysis

	CRTO	DLX	EEX	MCHX	IAS	CMPR	QNST	IPG	ADV	ILLM
CRTO		0.22	0.35	0.23	0.7	0.2	0.55	0.22	0.66	0.0	CRTO
DLX	0.22		0.91	0.13	0.4	0.96	0.76	0.7	0.72	0.0	DLX
EEX	0.35	0.91		0.01	0.37	0.9	0.75	0.53	0.72	0.0	EEX
MCHX	0.23	0.13	0.01		0.25	0.14	-0.03	0.45	0.3	0.0	MCHX
IAS	0.7	0.4	0.37	0.25		0.34	0.65	0.48	0.75	0.0	IAS
CMPR	0.2	0.96	0.9	0.14	0.34		0.63	0.71	0.75	0.0	CMPR
QNST	0.55	0.76	0.75	-0.03	0.65	0.63		0.38	0.67	0.0	QNST
IPG	0.22	0.7	0.53	0.45	0.48	0.71	0.38		0.73	0.0	IPG
ADV	0.66	0.72	0.72	0.3	0.75	0.75	0.67	0.73		0.0	ADV
ILLM	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		ILLM
	CRTO	DLX	EEX	MCHX	IAS	CMPR	QNST	IPG	ADV	ILLM

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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

CMPR	+ 0.96	DLX
EEX	+ 0.91	DLX
CMPR	+ 0.9	EEX
QNST	+ 0.76	DLX
QNST	+ 0.75	EEX
ADV	+ 0.75	IAS

High negative correlations

QNST	- 0.03	MCHX
ILLM	- 0.0	ADV
ILLM	- 0.0	IPG
ILLM	- 0.0	QNST
ILLM	- 0.0	CMPR
ILLM	- 0.0	IAS

Risk-Adjusted Indicators

There is a big difference between Cardlytics Stock performing well and Cardlytics 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 Cardlytics' 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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
CRTO	1.75	(0.11)	(0.18)	2.96	(3.55)	22.21
DLX	1.66	(0.44)	(0.49)	2.40	(3.95)	14.33
EEX	1.39	(0.02)	(0.12)	2.02	(3.12)	7.32
MCHX	2.01	(0.16)	(0.33)	2.91	(3.94)	11.90
IAS	1.46	(0.18)	(0.29)	1.95	(3.51)	14.44
CMPR	2.13	(0.81)	(0.98)	4.08	(5.34)	11.06
QNST	2.07	(0.13)	(0.18)	4.47	(4.47)	16.33
IPG	1.11	(0.12)	(0.27)	1.87	(2.85)	6.63
ADV	2.92	(0.95)	(0.55)	3.91	(8.90)	24.78
ILLM	0.00	0.00	0.00	0.00	0.00	0.00

Cardlytics Corporate Management

Evelyne Forester	Chief Officer	Profile
Carson Napps	Chief Officer	Profile
Jose Singer	Chief Officer	Profile
Alexis DeSieno	Chief Officer	Profile
Karim Temsamani	CEO Director	Profile
James Hart	VP People	Profile

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