Liberty Media Correlations

LLYVK Stock

66.28 0.78 1.16%

The current 90-days correlation between Liberty Media and Repligen is -0.16 (i.e., Good 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

Good diversification

The correlation between Liberty Media and DJI is -0.06 (i.e., Good 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 more information on how to buy Liberty Stock please use our How to buy in Liberty Stock guide.

Moving together with Liberty Stock

0.64	Z	Zillow Group Class	Pair Corr
0.69	TV	Grupo Televisa SAB	Pair Corr
0.64	ZG	Zillow Group	Pair Corr
0.63	FLNT	Fluent Inc	Pair Corr
0.69	BOC	Boston Omaha Corp Earnings Call This Week	Pair Corr

Moving against Liberty Stock

0.5

Electronic Arts

Pair Corr

Related Correlations Analysis

	RGEN	AQST	EYE	VMD	NREF	NVNO	CAFZF
RGEN		-0.21	-0.03	0.45	-0.3	0.48	0.44	RGEN
AQST	-0.21		-0.5	0.61	-0.08	-0.18	-0.74	AQST
EYE	-0.03	-0.5		-0.43	0.52	0.07	0.49	EYE
VMD	0.45	0.61	-0.43		-0.18	0.1	-0.24	VMD
NREF	-0.3	-0.08	0.52	-0.18		-0.45	-0.15	NREF
NVNO	0.48	-0.18	0.07	0.1	-0.45		0.47	NVNO
CAFZF	0.44	-0.74	0.49	-0.24	-0.15	0.47		CAFZF
	RGEN	AQST	EYE	VMD	NREF	NVNO	CAFZF

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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

VMD	+ 0.61	AQST
NREF	+ 0.52	EYE
CAFZF	+ 0.49	EYE
NVNO	+ 0.48	RGEN
CAFZF	+ 0.47	NVNO
VMD	+ 0.45	RGEN

High negative correlations

CAFZF	- 0.74	AQST
EYE	- 0.5	AQST
NVNO	- 0.45	NREF
VMD	- 0.43	EYE
NREF	- 0.3	RGEN
CAFZF	- 0.24	VMD

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
RGEN	2.19	(0.05)	0.00	(0.11)	0.00	0.00	4.79	(3.85)	19.94
AQST	3.36	(0.09)	0.00	(0.16)	0.00	0.00	6.94	(7.48)	21.67
EYE	2.21	0.26	0.09	0.16	2.49	(2.40)	4.71	(4.45)	16.13
VMD	1.41	(0.21)	0.00	(0.51)	0.00	0.00	2.40	(2.40)	7.52
NREF	1.09	(0.02)	0.00	(0.10)	0.00	0.00	2.02	(3.09)	7.47
NVNO	3.08	0.22	0.05	0.09	3.85	(3.52)	8.51	(6.90)	28.92
CAFZF	0.41	0.06	0.00	(0.37)	0.00	0.00	0.00	0.00	17.42

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