Independent Film Correlations

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Independent Film moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Independent Film Development moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Independent Film Development. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Related Correlations Analysis

	CNVS	GNUS	LVO	CSSE	HOFV	DIS	ROKU	AMC	PARA	WBD
CNVS		0.15	-0.56	-0.16	-0.93	0.88	-0.09	-0.37	0.57	0.7	CNVS
GNUS	0.15		0.26	-0.56	-0.24	0.37	-0.19	0.39	-0.17	0.39	GNUS
LVO	-0.56	0.26		-0.5	0.48	-0.42	-0.46	0.84	-0.26	-0.13	LVO
CSSE	-0.16	-0.56	-0.5		0.2	-0.32	0.6	-0.63	0.08	-0.38	CSSE
HOFV	-0.93	-0.24	0.48	0.2		-0.88	0.15	0.27	-0.57	-0.75	HOFV
DIS	0.88	0.37	-0.42	-0.32	-0.88		-0.09	-0.2	0.49	0.88	DIS
ROKU	-0.09	-0.19	-0.46	0.6	0.15	-0.09		-0.53	-0.03	-0.14	ROKU
AMC	-0.37	0.39	0.84	-0.63	0.27	-0.2	-0.53		-0.18	0.04	AMC
PARA	0.57	-0.17	-0.26	0.08	-0.57	0.49	-0.03	-0.18		0.61	PARA
WBD	0.7	0.39	-0.13	-0.38	-0.75	0.88	-0.14	0.04	0.61		WBD
	CNVS	GNUS	LVO	CSSE	HOFV	DIS	ROKU	AMC	PARA	WBD

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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

DIS	+ 0.88	CNVS
WBD	+ 0.88	DIS
AMC	+ 0.84	LVO
WBD	+ 0.7	CNVS
WBD	+ 0.61	PARA
ROKU	+ 0.6	CSSE

High negative correlations

HOFV	- 0.93	CNVS
DIS	- 0.88	HOFV
WBD	- 0.75	HOFV
AMC	- 0.63	CSSE
PARA	- 0.57	HOFV
CSSE	- 0.56	GNUS

Risk-Adjusted Indicators

There is a big difference between Independent Stock performing well and Independent Film 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 Independent Film'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
CNVS	5.94	2.60	0.43	(17.11)	4.21	(7.37)	20.27	(7.02)	44.12
GNUS	3.29	0.25	0.07	0.33	3.37	(4.02)	9.09	(6.46)	19.55
LVO	5.17	(1.32)	0.00	(0.12)	0.00	0.00	11.59	(9.20)	34.91
CSSE	9.58	1.08	0.00	(0.01)	15.09	(18.72)	13.79	(24.14)	266.21
HOFV	3.79	(1.34)	0.00	(0.45)	0.00	0.00	7.61	(9.16)	42.21
DIS	0.99	0.32	0.25	0.66	0.57	(1.12)	2.34	(1.38)	7.57
ROKU	2.43	(0.16)	(0.02)	0.01	4.14	(2.38)	4.96	(4.28)	24.17
AMC	1.96	(0.04)	0.00	0.33	0.00	0.00	4.33	(3.94)	11.40
PARA	1.44	(0.03)	(0.03)	0.07	1.94	(1.42)	2.82	(2.81)	9.14
WBD	2.29	0.34	0.10	2.92	2.20	(2.71)	5.42	(3.45)	18.30

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Independent Film Correlations

Related Correlations Analysis

Correlation Matchups

Risk-Adjusted Indicators

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