Emerald Expositions Correlations

EEX Stock

USD 4.97 0.15 3.11%

The current 90-days correlation between Emerald Expositions and Quotient Technology is -0.06 (i.e., Good diversification). The correlation of Emerald Expositions 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.

Emerald Expositions Correlation With Market

Average diversification

The correlation between Emerald Expositions Events and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Emerald Expositions Events 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 Emerald Expositions Events. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Emerald Stock

0.62	ADV	Advantage Solutions	Pair Corr
0.75	AMC	AMC Entertainment Aggressive Push	Pair Corr
0.81	HAO	Haoxi Health Technology	Pair Corr
0.78	LVO	LiveOne	Pair Corr

Moving against Emerald Stock

0.74	CHR	Cheer Holding	Pair Corr
0.73	TV	Grupo Televisa SAB	Pair Corr
0.65	EDR	Endeavor Group Holdings	Pair Corr
0.6	GTN	Gray Television	Pair Corr
0.57	IQ	iQIYI Inc Aggressive Push	Pair Corr
0.57	WIMI	WiMi Hologram Cloud	Pair Corr
0.56	CURIW	CuriosityStream	Pair Corr
0.51	SE	Sea Potential Growth	Pair Corr
0.43	DUO	Fangdd Network Group	Pair Corr
0.41	EVC	Entravision Communications	Pair Corr
0.38	BOC	Boston Omaha Corp	Pair Corr
0.69	WMG	Warner Music Group	Pair Corr
0.65	SSP	E W Scripps	Pair Corr
0.6	WLY	John Wiley Sons Earnings Call This Week	Pair Corr
0.55	OMC	Omnicom Group	Pair Corr
0.52	WPP	WPP PLC ADR	Pair Corr
0.5	TSQ	Townsquare Media	Pair Corr
0.46	LLYVK	Liberty Media	Pair Corr
0.44	LLYVA	Liberty Media	Pair Corr

Related Correlations Analysis

	MMDDF	CYPXF	INEOF	QUOT	MCHX	CTV	CCO	TSQ	ADTH	CRTO
MMDDF		0.0	0.01	-0.6	0.34	-0.44	-0.12	-0.3	0.29	0.64	MMDDF
CYPXF	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	CYPXF
INEOF	0.01	0.0		-0.49	0.17	-0.28	0.01	0.3	0.2	-0.03	INEOF
QUOT	-0.6	0.0	-0.49		-0.4	0.48	-0.17	0.06	-0.28	-0.6	QUOT
MCHX	0.34	0.0	0.17	-0.4		-0.09	-0.27	0.37	0.0	0.3	MCHX
CTV	-0.44	0.0	-0.28	0.48	-0.09		0.01	0.16	-0.16	-0.07	CTV
CCO	-0.12	0.0	0.01	-0.17	-0.27	0.01		-0.05	0.04	0.1	CCO
TSQ	-0.3	0.0	0.3	0.06	0.37	0.16	-0.05		-0.04	-0.01	TSQ
ADTH	0.29	0.0	0.2	-0.28	0.0	-0.16	0.04	-0.04		0.39	ADTH
CRTO	0.64	0.0	-0.03	-0.6	0.3	-0.07	0.1	-0.01	0.39		CRTO
	MMDDF	CYPXF	INEOF	QUOT	MCHX	CTV	CCO	TSQ	ADTH	CRTO

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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

CRTO	+ 0.64	MMDDF
CTV	+ 0.48	QUOT
CRTO	+ 0.39	ADTH
TSQ	+ 0.37	MCHX
MCHX	+ 0.34	MMDDF
TSQ	+ 0.3	INEOF

High negative correlations

CRTO	- 0.6	QUOT
QUOT	- 0.6	MMDDF
QUOT	- 0.49	INEOF
CTV	- 0.44	MMDDF
MCHX	- 0.4	QUOT
TSQ	- 0.3	MMDDF

Risk-Adjusted Indicators

There is a big difference between Emerald Stock performing well and Emerald Expositions 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 Emerald Expositions' 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
MMDDF	2.70	(1.38)	0.00	8.91	0.00	0.00	0.00	0.00	49.21
CYPXF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
INEOF	2.11	0.07	0.00	0.19	0.00	0.00	0.69	0.00	79.58
QUOT	2.08	0.40	0.08	(1.16)	2.15	(2.89)	6.00	(3.42)	17.47
MCHX	2.48	(0.11)	0.00	(0.20)	0.00	0.00	6.21	(5.14)	16.97
CTV	3.89	0.91	0.30	0.53	2.72	(5.26)	5.35	(6.01)	86.13
CCO	2.14	(0.19)	(0.02)	0.04	2.35	(2.72)	6.00	(3.85)	15.91
TSQ	1.30	(0.16)	0.00	(0.04)	0.00	0.00	3.24	(2.89)	7.78
ADTH	1.06	0.07	(0.02)	1.17	1.77	(1.68)	2.18	(2.94)	18.69
CRTO	1.96	(0.21)	0.00	(0.32)	0.00	0.00	3.92	(4.38)	26.95

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