Fox Corp Correlations

FOX Stock

USD 49.40 0.32 0.65%

The current 90-days correlation between Fox Corp Class and News Corp A is 0.43 (i.e., Very weak diversification). The correlation of Fox Corp 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.

Fox Corp Correlation With Market

Weak diversification

The correlation between Fox Corp Class and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fox Corp Class 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 Fox Corp Class. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with Fox Stock

0.79	SE	Sea	Pair Corr
0.66	TV	Grupo Televisa SAB	Pair Corr
0.65	BATRK	Atlanta Braves Holdings,	Pair Corr
0.99	FOXA	Fox Corp Class	Pair Corr
0.66	NWS	News Corp B	Pair Corr
0.89	PSO	Pearson PLC ADR	Pair Corr
0.81	WMG	Warner Music Group	Pair Corr

Moving against Fox Stock

0.77	HAO	Haoxi Health Technology	Pair Corr
0.73	NYT	New York Times	Pair Corr
0.71	LEE	Lee Enterprises Upward Rally	Pair Corr
0.68	WLYB	John Wiley Sons	Pair Corr
0.67	EEX	Emerald Expositions	Pair Corr
0.67	WLY	John Wiley Sons	Pair Corr
0.63	OMC	Omnicom Group	Pair Corr
0.58	LVO	LiveOne	Pair Corr
0.51	GCI	Gannett	Pair Corr
0.51	TSQ	Townsquare Media	Pair Corr
0.48	IPG	Interpublic Group	Pair Corr
0.47	CCO	Clear Channel Outdoor	Pair Corr
0.4	WIMI	WiMi Hologram Cloud	Pair Corr
0.4	WPP	WPP PLC ADR	Pair Corr
0.78	DJCO	Daily Journal Corp	Pair Corr
0.77	CABO	Cable One	Pair Corr
0.66	SBGI	Sinclair Broadcast	Pair Corr
0.57	RSVR	Reservoir Media	Pair Corr
0.56	EA	Electronic Arts	Pair Corr
0.53	NCTY	The9 Ltd ADR	Pair Corr
0.41	EB	Eventbrite Class A	Pair Corr
0.39	KUKE	Kuke Music Holding	Pair Corr

Related Correlations Analysis

	NWSA	NWS	PARAA	FWONA	MCS	WMG	FOXA	MSGS	WWE	PARAP
NWSA		0.91	0.29	0.85	0.59	0.55	0.4	0.2	0.0	0.0	NWSA
NWS	0.91		0.36	0.78	0.33	0.7	0.62	-0.17	0.0	0.0	NWS
PARAA	0.29	0.36		0.06	-0.21	0.46	0.33	-0.3	0.0	0.0	PARAA
FWONA	0.85	0.78	0.06		0.69	0.38	0.38	0.25	0.0	0.0	FWONA
MCS	0.59	0.33	-0.21	0.69		-0.1	-0.27	0.77	0.0	0.0	MCS
WMG	0.55	0.7	0.46	0.38	-0.1		0.84	-0.51	0.0	0.0	WMG
FOXA	0.4	0.62	0.33	0.38	-0.27	0.84		-0.7	0.0	0.0	FOXA
MSGS	0.2	-0.17	-0.3	0.25	0.77	-0.51	-0.7		0.0	0.0	MSGS
WWE	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	WWE
PARAP	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		PARAP
	NWSA	NWS	PARAA	FWONA	MCS	WMG	FOXA	MSGS	WWE	PARAP

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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

NWS	+ 0.91	NWSA
FWONA	+ 0.85	NWSA
FOXA	+ 0.84	WMG
FWONA	+ 0.78	NWS
MSGS	+ 0.77	MCS
WMG	+ 0.7	NWS

High negative correlations

MSGS	- 0.7	FOXA
MSGS	- 0.51	WMG
MSGS	- 0.3	PARAA
FOXA	- 0.27	MCS
MCS	- 0.21	PARAA
MSGS	- 0.17	NWS

Risk-Adjusted Indicators

There is a big difference between Fox Stock performing well and Fox Corp 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 Fox Corp'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
NWSA	0.90	(0.04)	0.00	(0.13)	0.00	0.00	1.90	(1.79)	7.78
NWS	0.93	0.02	0.00	(0.05)	0.00	0.00	1.78	(1.92)	8.72
PARAA	0.57	0.01	0.09	0.00	0.73	(0.63)	1.15	(1.34)	5.40
FWONA	1.34	0.02	0.00	(0.06)	0.00	0.00	2.34	(3.51)	11.33
MCS	1.44	(0.28)	0.00	(0.36)	0.00	0.00	2.16	(2.95)	15.15
WMG	1.21	0.05	0.05	0.04	1.69	(1.21)	2.89	(2.11)	8.84
FOXA	1.14	0.26	0.24	0.45	1.09	(1.40)	2.47	(2.38)	7.97
MSGS	0.99	(0.23)	0.00	(0.43)	0.00	0.00	1.65	(2.35)	6.74
WWE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PARAP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Fox Corp Corporate Management

Brian Nick	Chief VP	Profile
Gabrielle Brown	Executive Officer	Profile
David Borstein	Senior Sales	Profile
Yoel Flohr	Executive Digital	Profile
Adam JD	Chief Officer	Profile
Jeff Collins	Marketing Sales	Profile

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