Liberty Media Correlations

FWONA Stock

USD 80.08 0.75 0.93%

The current 90-days correlation between Liberty Media and News Corp B is 0.29 (i.e., Modest diversification). The correlation of Liberty Media 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.

Liberty Media Correlation With Market

Very weak diversification

The correlation between Liberty Media and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Liberty Media 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 Liberty Media. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For information on how to trade Liberty Stock refer to our How to Trade Liberty Stock guide.

Moving together with Liberty Stock

0.7	Z	Zillow Group Class	Pair Corr
0.68	ZG	Zillow Group	Pair Corr
0.71	FLNT	Fluent Inc	Pair Corr
0.62	BOC	Boston Omaha Corp Earnings Call This Week	Pair Corr

Moving against Liberty Stock

0.37	EA	Electronic Arts	Pair Corr
0.32	BCE	BCE Inc	Pair Corr

Related Correlations Analysis

	BATRA	MSGS	NWS	NWSA	BATRK	FWONK	BATRB	MCS	WMG	FOX
BATRA		-0.53	0.77	0.54	0.91	0.3	0.0	-0.17	0.82	0.86	BATRA
MSGS	-0.53		-0.17	0.19	-0.33	0.43	0.0	0.77	-0.52	-0.63	MSGS
NWS	0.77	-0.17		0.91	0.71	0.69	0.0	0.33	0.7	0.69	NWS
NWSA	0.54	0.19	0.91		0.57	0.83	0.0	0.59	0.55	0.5	NWSA
BATRK	0.91	-0.33	0.71	0.57		0.32	0.0	-0.05	0.79	0.71	BATRK
FWONK	0.3	0.43	0.69	0.83	0.32		0.0	0.79	0.25	0.3	FWONK
BATRB	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	BATRB
MCS	-0.17	0.77	0.33	0.59	-0.05	0.79	0.0		-0.11	-0.17	MCS
WMG	0.82	-0.52	0.7	0.55	0.79	0.25	0.0	-0.11		0.84	WMG
FOX	0.86	-0.63	0.69	0.5	0.71	0.3	0.0	-0.17	0.84		FOX
	BATRA	MSGS	NWS	NWSA	BATRK	FWONK	BATRB	MCS	WMG	FOX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

BATRK	+ 0.91	BATRA
NWSA	+ 0.91	NWS
FOX	+ 0.86	BATRA
FOX	+ 0.84	WMG
FWONK	+ 0.83	NWSA
WMG	+ 0.82	BATRA

High negative correlations

FOX	- 0.63	MSGS
MSGS	- 0.53	BATRA
WMG	- 0.52	MSGS
BATRK	- 0.33	MSGS
FOX	- 0.17	MCS
NWS	- 0.17	MSGS

Risk-Adjusted Indicators

There is a big difference between Liberty Stock performing well and Liberty Media 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 Liberty Media'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
BATRA	0.81	0.08	0.12	0.08	0.87	(1.00)	1.90	(1.61)	4.51
MSGS	1.00	(0.21)	0.00	(0.41)	0.00	0.00	1.65	(2.35)	6.74
NWS	0.92	0.02	0.00	(0.04)	0.00	0.00	1.78	(1.92)	8.72
NWSA	0.89	(0.04)	0.00	(0.12)	0.00	0.00	1.90	(1.79)	7.78
BATRK	0.88	0.02	0.00	(0.04)	0.00	0.00	1.84	(1.49)	4.75
FWONK	1.27	(0.05)	0.00	(0.13)	0.00	0.00	2.47	(3.18)	9.82
BATRB	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MCS	1.47	(0.25)	0.00	(0.33)	0.00	0.00	2.16	(2.95)	15.15
WMG	1.22	0.03	0.04	0.00	1.68	(1.23)	2.89	(2.11)	8.84
FOX	1.08	0.19	0.18	0.28	1.12	(1.21)	2.48	(2.02)	7.90

Liberty Media Corporate Executives

Elected by the shareholders, the Liberty Media's board of directors comprises two types of representatives: Liberty Media inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Liberty. The board's role is to monitor Liberty Media's management team and ensure that shareholders' interests are well served. Liberty Media's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Liberty Media's outside directors are responsible for providing unbiased perspectives on the board's policies.

Amber Conn

Investor Coordinator

Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC