Liberty Media Correlations

LLYVA Stock

65.62 0.48 0.73%

The current 90-days correlation between Liberty Media and Ubisoft Entertainment is -0.14 (i.e., Good 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

Weak diversification

The correlation between Liberty Media and DJI is 0.39 (i.e., 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 Correlation Analysis 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 real.

For information on how to trade Liberty Stock refer to our How to Trade Liberty Stock guide.

Moving together with Liberty Stock

0.67	Z	Zillow Group Class	Pair Corr
0.67	TV	Grupo Televisa SAB	Pair Corr
0.67	ZG	Zillow Group	Pair Corr
0.63	BATRA	Atlanta Braves Holdings,	Pair Corr
0.63	FLNT	Fluent Inc	Pair Corr
0.71	BOC	Boston Omaha Corp Earnings Call This Week	Pair Corr

Moving against Liberty Stock

0.48

Electronic Arts

Pair Corr

Related Correlations Analysis

	MSN	ABEV	DEO	FLUT	SKYZF	UBSFF	PM
MSN		-0.5	-0.22	0.22	-0.57	-0.61	-0.09	MSN
ABEV	-0.5		-0.3	-0.45	0.02	0.68	0.61	ABEV
DEO	-0.22	-0.3		0.0	0.68	0.21	-0.82	DEO
FLUT	0.22	-0.45	0.0		0.14	-0.61	-0.01	FLUT
SKYZF	-0.57	0.02	0.68	0.14		0.3	-0.45	SKYZF
UBSFF	-0.61	0.68	0.21	-0.61	0.3		0.07	UBSFF
PM	-0.09	0.61	-0.82	-0.01	-0.45	0.07		PM
	MSN	ABEV	DEO	FLUT	SKYZF	UBSFF	PM

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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

UBSFF	+ 0.68	ABEV
SKYZF	+ 0.68	DEO
PM	+ 0.61	ABEV
UBSFF	+ 0.3	SKYZF
FLUT	+ 0.22	MSN
UBSFF	+ 0.21	DEO

High negative correlations

PM	- 0.82	DEO
UBSFF	- 0.61	FLUT
UBSFF	- 0.61	MSN
SKYZF	- 0.57	MSN
ABEV	- 0.5	MSN
PM	- 0.45	SKYZF

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
MSN	2.65	0.20	0.05	0.26	3.09	(4.76)	6.38	(6.12)	33.84
ABEV	1.52	0.19	0.12	0.73	1.76	(1.70)	3.39	(3.30)	8.01
DEO	1.38	(0.20)	0.00	(0.52)	0.00	0.00	2.79	(2.53)	8.99
FLUT	1.70	(0.11)	0.00	(0.18)	0.00	0.00	3.26	(3.62)	14.24
SKYZF	0.52	(0.27)	0.00	(182.34)	0.00	0.00	0.00	0.00	17.39
UBSFF	2.23	0.08	0.02	0.01	2.78	(3.23)	5.69	(5.28)	21.82
PM	1.07	0.34	0.29	1.18	0.99	(1.20)	2.26	(1.70)	14.00

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