Liberty Media Correlations

FWONK Stock

USD 88.73 1.16 1.32%

The current 90-days correlation between Liberty Media and News Corp B is 0.22 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Liberty Media moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Liberty Media moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Liberty Media Correlation With Market

Very weak diversification

The correlation between Liberty Media and DJI is 0.49 (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 more information on how to buy Liberty Stock please use our How to buy in Liberty Stock guide.

Moving together with Liberty Stock

0.76	SE	Sea	Pair Corr
0.86	CNK	Cinemark Holdings	Pair Corr
0.85	FOXA	Fox Corp Class	Pair Corr
0.73	CTV	Innovid Corp Trending	Pair Corr
0.86	DIS	Walt Disney Aggressive Push	Pair Corr
0.68	EDR	Endeavor Group Holdings	Pair Corr
0.83	EVC	Entravision Communications	Pair Corr
0.87	FOX	Fox Corp Class	Pair Corr
0.87	LYV	Live Nation Entertainment	Pair Corr
0.84	MCS	Marcus	Pair Corr
0.83	NWS	News Corp B	Pair Corr
0.77	PSO	Pearson PLC ADR	Pair Corr

Moving against Liberty Stock

0.68	DLPN	Dolphin Entertainment	Pair Corr
0.56	ADD	Color Star Technology Downward Rally	Pair Corr
0.47	DRCT	Direct Digital Holdings	Pair Corr
0.32	BATRA	Atlanta Braves Holdings,	Pair Corr
0.5	HAO	Haoxi Health Technology	Pair Corr
0.48	IPG	Interpublic Group	Pair Corr
0.37	LVO	LiveOne	Pair Corr
0.81	HOFV	Hall of Fame	Pair Corr
0.67	RDI	Reading International	Pair Corr
0.66	LILAK	Liberty Latin America	Pair Corr
0.63	MMV	MultiMetaVerse Holdings	Pair Corr

Related Correlations Analysis

	BATRA	NWS	NWSA	BATRK	MSGS	FWONA	BATRB	SPHR	MCS	WMG
BATRA		-0.21	-0.06	0.94	-0.47	-0.4	0.74	0.39	-0.44	-0.62	BATRA
NWS	-0.21		0.98	0.05	0.74	0.78	-0.34	-0.36	0.91	0.58	NWS
NWSA	-0.06	0.98		0.19	0.66	0.7	-0.21	-0.29	0.83	0.44	NWSA
BATRK	0.94	0.05	0.19		-0.3	-0.2	0.64	0.3	-0.22	-0.46	BATRK
MSGS	-0.47	0.74	0.66	-0.3		0.86	-0.66	-0.07	0.84	0.82	MSGS
FWONA	-0.4	0.78	0.7	-0.2	0.86		-0.52	-0.31	0.84	0.72	FWONA
BATRB	0.74	-0.34	-0.21	0.64	-0.66	-0.52		0.08	-0.55	-0.84	BATRB
SPHR	0.39	-0.36	-0.29	0.3	-0.07	-0.31	0.08		-0.4	-0.15	SPHR
MCS	-0.44	0.91	0.83	-0.22	0.84	0.84	-0.55	-0.4		0.76	MCS
WMG	-0.62	0.58	0.44	-0.46	0.82	0.72	-0.84	-0.15	0.76		WMG
	BATRA	NWS	NWSA	BATRK	MSGS	FWONA	BATRB	SPHR	MCS	WMG

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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

NWSA	+ 0.98	NWS
BATRK	+ 0.94	BATRA
MCS	+ 0.91	NWS
FWONA	+ 0.86	MSGS
MCS	+ 0.84	MSGS
MCS	+ 0.84	FWONA

High negative correlations

WMG	- 0.84	BATRB
BATRB	- 0.66	MSGS
WMG	- 0.62	BATRA
MCS	- 0.55	BATRB
BATRB	- 0.52	FWONA
MSGS	- 0.47	BATRA

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	0.89	(0.19)	0.00	(0.26)	0.00	0.00	1.45	(1.98)	5.15
NWS	0.90	0.04	0.02	0.17	1.14	(1.00)	1.77	(1.64)	6.61
NWSA	0.88	(0.04)	(0.04)	0.07	1.22	(0.90)	1.73	(1.68)	6.51
BATRK	0.99	(0.18)	0.00	(0.18)	0.00	0.00	1.80	(2.35)	4.84
MSGS	0.75	0.05	0.02	0.18	0.76	(0.80)	1.45	(1.32)	5.10
FWONA	1.14	0.11	0.07	0.22	1.33	(1.25)	2.87	(1.69)	8.37
BATRB	1.69	(0.40)	0.00	(0.52)	0.00	0.00	4.17	(5.00)	25.83
SPHR	2.12	(0.42)	0.00	(0.21)	0.00	0.00	5.06	(4.40)	14.27
MCS	1.43	0.67	0.55	1.37	0.26	(1.85)	4.35	(1.58)	12.61
WMG	0.91	0.13	0.02	0.59	1.67	(0.96)	2.15	(2.03)	11.14

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