Lions Gate Correlations

LGF-B Stock

USD 7.86 0.02 0.26%

The current 90-days correlation between Lions Gate Entertainment and Cinemark Holdings is 0.21 (i.e., Modest diversification). The correlation of Lions Gate 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.

Lions Gate Correlation With Market

Significant diversification

The correlation between Lions Gate Entertainment and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lions Gate Entertainment and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lions Gate Entertainment. 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.

Moving together with Lions Stock

0.75	SE	Sea	Pair Corr
0.64	LILAK	Liberty Latin America	Pair Corr
0.81	T	ATT Inc Aggressive Push	Pair Corr
0.65	IQ	iQIYI Inc	Pair Corr
0.76	TU	Telus Corp	Pair Corr
0.69	VZ	Verizon Communications Sell-off Trend	Pair Corr
0.72	WB	Weibo Corp	Pair Corr
0.68	YY	YY Inc Class	Pair Corr
0.85	ZH	Zhihu Inc ADR	Pair Corr
0.66	EVER	EverQuote Class A	Pair Corr

Moving against Lions Stock

0.67	EEX	Emerald Expositions	Pair Corr
0.65	TC	TuanChe ADR	Pair Corr
0.56	RSVR	Reservoir Media	Pair Corr
0.45	OB	Outbrain	Pair Corr
0.37	GAIA	Gaia Inc	Pair Corr
0.32	DIS	Walt Disney	Pair Corr
0.67	ADD	Color Star Technology	Pair Corr
0.65	ANGHW	Anghami Warrants	Pair Corr
0.62	ZD	Ziff Davis	Pair Corr
0.42	ADV	Advantage Solutions	Pair Corr
0.42	AMC	AMC Entertainment	Pair Corr
0.41	WIMI	WiMi Hologram Cloud	Pair Corr
0.37	DOYU	DouYu International	Pair Corr
0.35	DRCT	Direct Digital Holdings	Pair Corr

Related Correlations Analysis

	CNK	NWS	MCS	FWONA	WMG	PARAP	FOXA	NWSA	PARA
CNK		0.23	0.9	0.56	-0.31	0.0	-0.45	0.43	-0.77	CNK
NWS	0.23		0.36	0.78	0.69	0.0	0.65	0.92	0.13	NWS
MCS	0.9	0.36		0.74	-0.12	0.0	-0.22	0.59	-0.7	MCS
FWONA	0.56	0.78	0.74		0.35	0.0	0.34	0.88	-0.31	FWONA
WMG	-0.31	0.69	-0.12	0.35		0.0	0.91	0.54	0.63	WMG
PARAP	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	PARAP
FOXA	-0.45	0.65	-0.22	0.34	0.91	0.0		0.49	0.68	FOXA
NWSA	0.43	0.92	0.59	0.88	0.54	0.0	0.49		-0.09	NWSA
PARA	-0.77	0.13	-0.7	-0.31	0.63	0.0	0.68	-0.09		PARA
	CNK	NWS	MCS	FWONA	WMG	PARAP	FOXA	NWSA	PARA

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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	+ 0.92	NWS
FOXA	+ 0.91	WMG
MCS	+ 0.9	CNK
NWSA	+ 0.88	FWONA
FWONA	+ 0.78	NWS
FWONA	+ 0.74	MCS

High negative correlations

PARA	- 0.77	CNK
PARA	- 0.7	MCS
FOXA	- 0.45	CNK
PARA	- 0.31	FWONA
WMG	- 0.31	CNK
FOXA	- 0.22	MCS

Risk-Adjusted Indicators

There is a big difference between Lions Stock performing well and Lions Gate 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 Lions Gate'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
CNK	1.42	(0.30)	0.00	(0.72)	0.00	0.00	2.78	(2.67)	17.24
NWS	0.90	(0.01)	(0.01)	(0.01)	1.46	(0.86)	1.78	(1.92)	8.72
MCS	1.47	(0.34)	0.00	(0.31)	0.00	0.00	2.16	(2.95)	15.15
FWONA	1.40	(0.07)	0.00	(0.05)	0.00	0.00	2.86	(3.51)	11.33
WMG	1.19	0.04	0.02	0.10	1.60	(1.24)	2.89	(2.11)	8.84
PARAP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FOXA	1.07	0.18	0.14	0.23	1.12	(1.26)	2.43	(2.38)	7.97
NWSA	0.88	(0.04)	0.00	(0.05)	0.00	0.00	1.90	(1.79)	7.78
PARA	1.20	0.12	0.07	0.50	1.54	(1.19)	2.45	(2.45)	8.99

Lions Gate Corporate Management

Nilay Shah	Executive Relations	Profile
Adrian Kuzycz	Executive Counsel	Profile
Brian Goldsmith	Chief Officer	Profile
Bruce Tobey	Executive Counsel	Profile
Jamila Daniel	Chief Officer	Profile
Peter Wilkes	Chief Officer	Profile

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