Liberty Media Correlations

FWONA Stock

USD 87.34 3.20 3.53%

The current 90-days correlation between Liberty Media and News Corp B is 0.03 (i.e., Significant 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

Modest diversification

The correlation between Liberty Media and DJI is 0.2 (i.e., Modest 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

0.8	NFLX	Netflix	Pair Corr
0.77	ROKU	Roku Inc	Pair Corr
0.63	SPHR	Sphere Entertainment	Pair Corr
0.71	T	ATT Inc Aggressive Push	Pair Corr
0.62	OB	Outbrain Earnings Call Today	Pair Corr
0.8	WB	Weibo Corp	Pair Corr
0.77	YY	YY Inc Class	Pair Corr
0.63	VEON	VEON	Pair Corr

Moving against Liberty Stock

0.74	CMCSA	Comcast Corp	Pair Corr
0.68	EA	Electronic Arts	Pair Corr
0.63	AMC	AMC Entertainment Earnings Call Today	Pair Corr
0.51	RSVR	Reservoir Media	Pair Corr
0.46	CHTR	Charter Communications	Pair Corr
0.79	ADD	Color Star Technology	Pair Corr
0.7	ANGHW	Anghami Warrants	Pair Corr
0.54	ZD	Ziff Davis	Pair Corr
0.53	ADV	Advantage Solutions Earnings Call Today	Pair Corr

Related Correlations Analysis

	BATRA	MSGS	NWS	NWSA	BATRK	FWONK	BATRB	MCS	WMG	FOX
BATRA		-0.39	0.88	0.69	0.78	0.43	0.0	0.33	0.73	0.62	BATRA
MSGS	-0.39		-0.36	0.07	0.16	-0.49	0.0	0.42	-0.31	-0.84	MSGS
NWS	0.88	-0.36		0.86	0.73	0.44	0.0	0.46	0.73	0.55	NWS
NWSA	0.69	0.07	0.86		0.85	0.05	0.0	0.73	0.67	0.13	NWSA
BATRK	0.78	0.16	0.73	0.85		0.02	0.0	0.72	0.66	0.1	BATRK
FWONK	0.43	-0.49	0.44	0.05	0.02		0.0	-0.05	0.3	0.76	FWONK
BATRB	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	BATRB
MCS	0.33	0.42	0.46	0.73	0.72	-0.05	0.0		0.54	-0.16	MCS
WMG	0.73	-0.31	0.73	0.67	0.66	0.3	0.0	0.54		0.57	WMG
FOX	0.62	-0.84	0.55	0.13	0.1	0.76	0.0	-0.16	0.57		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

NWS	+ 0.88	BATRA
NWSA	+ 0.86	NWS
BATRK	+ 0.85	NWSA
BATRK	+ 0.78	BATRA
FOX	+ 0.76	FWONK
WMG	+ 0.73	BATRA

High negative correlations

FOX	- 0.84	MSGS
FWONK	- 0.49	MSGS
MSGS	- 0.39	BATRA
NWS	- 0.36	MSGS
WMG	- 0.31	MSGS
FOX	- 0.16	MCS

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	0.82	0.02	0.02	0.06	1.01	(0.88)	1.47	(1.65)	4.51
MSGS	0.90	(0.13)	0.00	(0.36)	0.00	0.00	1.45	(2.25)	6.74
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
FWONK	1.18	0.24	0.17	0.60	1.18	(1.34)	3.49	(2.44)	8.84
BATRB	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MCS	1.17	(0.05)	0.00	(0.20)	0.00	0.00	2.26	(2.57)	6.92
WMG	1.26	0.14	0.06	0.51	1.86	(1.27)	2.89	(2.03)	9.66
FOX	0.95	0.33	0.35	(16.60)	0.62	(1.18)	2.47	(1.58)	6.38

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