Genius Sports Correlations

GENI Stock

USD 10.05 0.40 4.15%

The current 90-days correlation between Genius Sports and MediaAlpha is 0.25 (i.e., Modest diversification). The correlation of Genius Sports 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.

Genius Sports Correlation With Market

Modest diversification

The correlation between Genius Sports and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Genius Sports and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Genius Sports. 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 detail on how to invest in Genius Stock please use our How to Invest in Genius Sports guide.

Moving together with Genius Stock

0.61	WB	Weibo Corp	Pair Corr
0.62	MATH	Metalpha Technology	Pair Corr

Moving against Genius Stock

0.59	TC	TuanChe ADR	Pair Corr
0.41	GITS	Global Interactive Symbol Change	Pair Corr
0.4	DJTWW	Trump Media Technology Symbol Change	Pair Corr
0.39	SLE	Super League Enterprise Earnings Call This Week	Pair Corr
0.37	DJT	Trump Media Technology Symbol Change	Pair Corr
0.35	MNY	MoneyHero Limited Class	Pair Corr
0.31	MNYWW	MoneyHero Limited	Pair Corr
0.31	PODC	Courtside Group, Common	Pair Corr
0.31	SNAP	Snap Inc Aggressive Push	Pair Corr

Related Correlations Analysis

	MAX	LTRPB	SCOR	CMCM	ONFO	SEAT	EVER	ASST	YELP	SSTK
MAX		0.0	0.61	0.1	0.39	0.46	-0.63	0.17	0.79	0.8	MAX
LTRPB	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	LTRPB
SCOR	0.61	0.0		0.19	0.23	0.25	-0.28	0.33	0.54	0.46	SCOR
CMCM	0.1	0.0	0.19		0.44	-0.23	0.2	-0.09	-0.19	-0.12	CMCM
ONFO	0.39	0.0	0.23	0.44		-0.14	-0.48	-0.22	0.3	0.46	ONFO
SEAT	0.46	0.0	0.25	-0.23	-0.14		-0.37	0.38	0.42	0.47	SEAT
EVER	-0.63	0.0	-0.28	0.2	-0.48	-0.37		-0.11	-0.78	-0.9	EVER
ASST	0.17	0.0	0.33	-0.09	-0.22	0.38	-0.11		0.23	0.15	ASST
YELP	0.79	0.0	0.54	-0.19	0.3	0.42	-0.78	0.23		0.91	YELP
SSTK	0.8	0.0	0.46	-0.12	0.46	0.47	-0.9	0.15	0.91		SSTK
	MAX	LTRPB	SCOR	CMCM	ONFO	SEAT	EVER	ASST	YELP	SSTK

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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

SSTK	+ 0.91	YELP
SSTK	+ 0.8	MAX
YELP	+ 0.79	MAX
SCOR	+ 0.61	MAX
YELP	+ 0.54	SCOR
SSTK	+ 0.47	SEAT

High negative correlations

SSTK	- 0.9	EVER
YELP	- 0.78	EVER
EVER	- 0.63	MAX
EVER	- 0.48	ONFO
EVER	- 0.37	SEAT
EVER	- 0.28	SCOR

Risk-Adjusted Indicators

There is a big difference between Genius Stock performing well and Genius Sports 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 Genius Sports' 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
MAX	2.77	(0.08)	0.00	(0.18)	0.00	0.00	5.77	(6.38)	25.45
LTRPB	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SCOR	3.88	(0.04)	0.00	(0.10)	0.00	0.00	9.17	(7.38)	38.22
CMCM	3.83	0.01	0.00	(0.07)	0.00	0.00	9.21	(6.77)	24.01
ONFO	3.73	(0.23)	0.00	(0.24)	0.00	0.00	7.69	(6.90)	21.57
SEAT	2.89	(0.23)	0.00	5.95	0.00	0.00	5.88	(5.31)	42.87
EVER	3.17	0.91	0.31	0.36	2.27	(4.06)	7.67	(4.29)	32.81
ASST	9.56	0.87	0.07	0.28	8.97	(16.47)	18.00	(14.95)	125.77
YELP	1.38	(0.13)	0.00	(0.23)	0.00	0.00	2.93	(3.56)	11.91
SSTK	2.29	(0.67)	0.00	(2.20)	0.00	0.00	3.25	(4.98)	25.92

Genius Sports Corporate Management

Daniel Burns	Director	Profile
Brandon Bukstel	Investor Manager	Profile
Chris Dougan	Chief Officer	Profile
Harry You	Independent Director	Profile

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