Endeavor Group Correlations

EDR Stock

USD 30.88 0.84 2.80%

The current 90-days correlation between Endeavor Group Holdings and Warner Music Group is -0.13 (i.e., Good diversification). The correlation of Endeavor Group 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.

Endeavor Group Correlation With Market

Significant diversification

The correlation between Endeavor Group Holdings 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 Endeavor Group Holdings and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Endeavor Group 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 unemployment.

Moving together with Endeavor Stock

0.71

FWONA

Liberty Media Earnings Call Today

Pair Corr

Moving against Endeavor Stock

0.5	CMCSA	Comcast Corp	Pair Corr
0.45	EA	Electronic Arts	Pair Corr
0.39	AMC	AMC Entertainment Earnings Call Today	Pair Corr
0.33	CHTR	Charter Communications	Pair Corr
0.52	ADD	Color Star Technology	Pair Corr
0.44	ANGHW	Anghami Warrants	Pair Corr

Related Correlations Analysis

	LYV	MANU	WMG	FWONA	FWONK	BATRA	NWS	NWSA	BATRK	MSGS
LYV		-0.69	0.69	0.67	0.55	0.9	0.84	0.57	0.55	-0.57	LYV
MANU	-0.69		-0.4	-0.59	-0.46	-0.49	-0.4	-0.06	0.03	0.85	MANU
WMG	0.69	-0.4		0.4	0.3	0.73	0.73	0.67	0.66	-0.31	WMG
FWONA	0.67	-0.59	0.4		0.98	0.54	0.54	0.14	0.09	-0.61	FWONA
FWONK	0.55	-0.46	0.3	0.98		0.43	0.44	0.05	0.02	-0.49	FWONK
BATRA	0.9	-0.49	0.73	0.54	0.43		0.88	0.69	0.78	-0.39	BATRA
NWS	0.84	-0.4	0.73	0.54	0.44	0.88		0.86	0.73	-0.36	NWS
NWSA	0.57	-0.06	0.67	0.14	0.05	0.69	0.86		0.85	0.07	NWSA
BATRK	0.55	0.03	0.66	0.09	0.02	0.78	0.73	0.85		0.16	BATRK
MSGS	-0.57	0.85	-0.31	-0.61	-0.49	-0.39	-0.36	0.07	0.16		MSGS
	LYV	MANU	WMG	FWONA	FWONK	BATRA	NWS	NWSA	BATRK	MSGS

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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
BATRA	+ 0.9	LYV
NWS	+ 0.88	BATRA
NWSA	+ 0.86	NWS
MSGS	+ 0.85	MANU
BATRK	+ 0.85	NWSA

High negative correlations

MANU	- 0.69	LYV
MSGS	- 0.61	FWONA
FWONA	- 0.59	MANU
MSGS	- 0.57	LYV
MSGS	- 0.49	FWONK
BATRA	- 0.49	MANU

Risk-Adjusted Indicators

There is a big difference between Endeavor Stock performing well and Endeavor Group 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 Endeavor Group'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
LYV	1.01	0.13	0.07	0.22	1.61	(0.96)	1.93	(1.92)	5.37
MANU	1.30	(0.21)	0.00	18.06	0.00	0.00	2.37	(2.88)	8.04
WMG	1.26	0.14	0.06	0.51	1.86	(1.27)	2.89	(2.03)	9.66
FWONA	1.11	0.26	0.17	0.60	1.16	(1.14)	3.35	(2.34)	7.69
FWONK	1.18	0.24	0.17	0.60	1.18	(1.34)	3.49	(2.44)	8.84
BATRA	0.82	0.02	0.02	0.06	1.01	(0.88)	1.47	(1.65)	4.51
NWS	0.83	0.02	0.02	0.04	1.29	(0.86)	1.71	(1.61)	8.69
NWSA	0.78	(0.02)	0.00	(0.02)	0.00	0.00	1.57	(1.40)	7.75
BATRK	0.90	(0.05)	0.00	(0.12)	0.00	0.00	1.75	(1.93)	4.75
MSGS	0.90	(0.13)	0.00	(0.36)	0.00	0.00	1.45	(2.25)	6.74

Endeavor Group Corporate Management

Christian Muirhead	Chief Communications Officer	Profile
Marsh CFA	Head Relations	Profile
Seth Krauss	Chief Legal Officer	Profile
William Fullerton	Global Officer	Profile
Kerry Chandler	Chief Human Resource Officer	Profile
Egon Durban	Chairman of the Board	Profile

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