Marcus Correlations

MCS Stock

USD 16.47 0.30 1.86%

The current 90-days correlation between Marcus and Reservoir Media is 0.28 (i.e., Modest diversification). The correlation of Marcus 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Marcus Correlation With Market

Weak diversification

The correlation between Marcus and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Marcus 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 Marcus. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

For more information on how to buy Marcus Stock please use our How to Invest in Marcus guide.

Moving together with Marcus Stock

0.66	FLNT	Fluent Inc	Pair Corr
0.82	ADV	Advantage Solutions	Pair Corr
0.65	AMC	AMC Entertainment	Pair Corr
0.73	CCO	Clear Channel Outdoor	Pair Corr
0.93	CHR	Cheer Holding	Pair Corr
0.89	CNK	Cinemark Holdings	Pair Corr
0.74	DIS	Walt Disney	Pair Corr
0.76	DUO	Fangdd Network Group	Pair Corr
0.63	EDR	Endeavor Group Holdings	Pair Corr
0.76	EEX	Emerald Expositions	Pair Corr
0.71	EVC	Entravision Communications	Pair Corr
0.85	GCI	Gannett	Pair Corr
0.64	HHS	Harte Hanks	Pair Corr
0.67	IAS	Integral Ad Science	Pair Corr
0.74	LEE	Lee Enterprises	Pair Corr

Moving against Marcus Stock

0.36	SE	Sea	Pair Corr
0.31	FOXA	Fox Corp Class	Pair Corr

Related Correlations Analysis

	NWSA	FWONA	WMG	FOX	RDI	RSVR	GAIA	NWS	RDIB	LVO
NWSA		0.75	0.56	0.34	0.53	0.24	0.48	0.9	-0.47	-0.06	NWSA
FWONA	0.75		0.42	0.5	0.45	0.06	0.33	0.76	-0.42	0.16	FWONA
WMG	0.56	0.42		0.78	0.05	-0.3	-0.1	0.71	-0.1	-0.67	WMG
FOX	0.34	0.5	0.78		0.02	-0.64	-0.24	0.6	0.01	-0.58	FOX
RDI	0.53	0.45	0.05	0.02		0.09	0.81	0.51	-0.33	0.25	RDI
RSVR	0.24	0.06	-0.3	-0.64	0.09		0.44	-0.1	-0.54	0.53	RSVR
GAIA	0.48	0.33	-0.1	-0.24	0.81	0.44		0.35	-0.58	0.41	GAIA
NWS	0.9	0.76	0.71	0.6	0.51	-0.1	0.35		-0.38	-0.21	NWS
RDIB	-0.47	-0.42	-0.1	0.01	-0.33	-0.54	-0.58	-0.38		-0.23	RDIB
LVO	-0.06	0.16	-0.67	-0.58	0.25	0.53	0.41	-0.21	-0.23		LVO
	NWSA	FWONA	WMG	FOX	RDI	RSVR	GAIA	NWS	RDIB	LVO

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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

NWS	+ 0.9	NWSA
GAIA	+ 0.81	RDI
FOX	+ 0.78	WMG
NWS	+ 0.76	FWONA
FWONA	+ 0.75	NWSA
NWS	+ 0.71	WMG

High negative correlations

LVO	- 0.67	WMG
RSVR	- 0.64	FOX
RDIB	- 0.58	GAIA
LVO	- 0.58	FOX
RDIB	- 0.54	RSVR
RDIB	- 0.47	NWSA

Risk-Adjusted Indicators

There is a big difference between Marcus Stock performing well and Marcus 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 Marcus' 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
NWSA	0.87	(0.04)	0.00	(0.16)	0.00	0.00	1.90	(1.79)	7.78
FWONA	1.40	(0.01)	0.00	(0.12)	0.00	0.00	2.86	(3.51)	11.33
WMG	1.24	0.08	0.08	0.08	1.66	(1.24)	2.89	(2.11)	8.84
FOX	1.13	0.19	0.19	0.25	1.16	(1.27)	2.73	(2.02)	7.90
RDI	2.83	(0.14)	0.00	(0.25)	0.00	0.00	4.55	(6.43)	22.83
RSVR	1.63	(0.27)	0.00	(0.57)	0.00	0.00	2.82	(3.73)	10.39
GAIA	2.73	(0.27)	0.00	(0.25)	0.00	0.00	6.43	(7.01)	25.58
NWS	0.90	0.03	0.00	(0.08)	0.00	0.00	1.78	(1.92)	8.72
RDIB	3.97	0.26	0.08	(0.34)	5.15	(4.75)	9.12	(10.00)	29.84
LVO	4.98	(0.26)	0.00	(0.85)	0.00	0.00	10.48	(9.66)	42.17

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