MultiMetaVerse Holdings Correlations

MMV Stock

0.07 0.01 7.14%

The current 90-days correlation between MultiMetaVerse Holdings and Reading International B is -0.06 (i.e., Good diversification). The correlation of MultiMetaVerse Holdings 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.

MultiMetaVerse Holdings Correlation With Market

Significant diversification

The correlation between MultiMetaVerse Holdings Limite and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MultiMetaVerse Holdings Limite 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 MultiMetaVerse Holdings Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with MultiMetaVerse Stock

0.66	EEX	Emerald Expositions	Pair Corr
0.74	RSVR	Reservoir Media	Pair Corr
0.71	TC	TuanChe ADR	Pair Corr
0.72	ANGHW	Anghami Warrants	Pair Corr
0.79	WIMI	WiMi Hologram Cloud	Pair Corr

Moving against MultiMetaVerse Stock

0.84	KT	KT Corporation	Pair Corr
0.77	SE	Sea	Pair Corr
0.69	T	ATT Inc Aggressive Push	Pair Corr
0.69	TU	Telus Corp	Pair Corr
0.6	WB	Weibo Corp	Pair Corr
0.59	VZ	Verizon Communications Aggressive Push	Pair Corr
0.52	CURIW	CuriosityStream	Pair Corr
0.49	IQ	iQIYI Inc Buyout Trend	Pair Corr
0.4	LILAK	Liberty Latin America	Pair Corr
0.39	CHTR	Charter Communications	Pair Corr
0.37	RDI	Reading International	Pair Corr
0.37	TV	Grupo Televisa SAB	Pair Corr
0.31	LLYVK	Liberty Media	Pair Corr
0.7	BATRA	Atlanta Braves Holdings,	Pair Corr
0.68	YY	YY Inc Class	Pair Corr
0.6	BATRK	Atlanta Braves Holdings,	Pair Corr
0.54	EVER	EverQuote Class A	Pair Corr
0.49	ZH	Zhihu Inc ADR	Pair Corr
0.49	VEON	VEON	Pair Corr
0.36	BCE	BCE Inc	Pair Corr
0.35	CCG	Cheche Group Class Buyout Trend	Pair Corr

Related Correlations Analysis

	RDIB	HWAL	RDI	BREA	LTES	CPOP	SEGI	LGF-A	IMAX	LYV
RDIB		0.3	-0.25	0.18	0.07	-0.08	-0.25	0.07	-0.05	-0.55	RDIB
HWAL	0.3		-0.1	0.08	0.03	-0.07	-0.14	-0.17	0.34	-0.33	HWAL
RDI	-0.25	-0.1		-0.28	-0.25	-0.04	-0.06	-0.03	-0.08	0.62	RDI
BREA	0.18	0.08	-0.28		-0.23	0.7	0.43	-0.53	-0.34	-0.33	BREA
LTES	0.07	0.03	-0.25	-0.23		-0.43	-0.49	0.47	0.49	0.0	LTES
CPOP	-0.08	-0.07	-0.04	0.7	-0.43		0.7	-0.66	-0.55	-0.14	CPOP
SEGI	-0.25	-0.14	-0.06	0.43	-0.49	0.7		-0.65	-0.59	-0.1	SEGI
LGF-A	0.07	-0.17	-0.03	-0.53	0.47	-0.66	-0.65		0.66	0.18	LGF-A
IMAX	-0.05	0.34	-0.08	-0.34	0.49	-0.55	-0.59	0.66		0.22	IMAX
LYV	-0.55	-0.33	0.62	-0.33	0.0	-0.14	-0.1	0.18	0.22		LYV
	RDIB	HWAL	RDI	BREA	LTES	CPOP	SEGI	LGF-A	IMAX	LYV

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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

CPOP	+ 0.7	BREA
SEGI	+ 0.7	CPOP
IMAX	+ 0.66	LGF-A
LYV	+ 0.62	RDI
IMAX	+ 0.49	LTES
LGF-A	+ 0.47	LTES

High negative correlations

LGF-A	- 0.66	CPOP
LGF-A	- 0.65	SEGI
IMAX	- 0.59	SEGI
IMAX	- 0.55	CPOP
LYV	- 0.55	RDIB
LGF-A	- 0.53	BREA

Risk-Adjusted Indicators

There is a big difference between MultiMetaVerse Stock performing well and MultiMetaVerse Holdings 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 MultiMetaVerse Holdings' 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
RDIB	4.90	0.43	0.06	0.63	6.18	(5.47)	9.14	(10.96)	43.09
HWAL	17.15	5.73	0.20	2.13	13.06	(52.51)	80.95	(26.09)	179.17
RDI	2.79	0.08	0.02	0.06	3.28	(3.14)	5.07	(5.45)	22.83
BREA	6.21	0.65	0.08	(22.30)	6.80	(9.98)	20.00	(10.84)	76.87
LTES	3.74	0.84	0.00	0.49	0.00	0.00	25.00	(2.00)	61.93
CPOP	5.23	(0.34)	0.00	(6.07)	0.00	0.00	8.06	(14.93)	54.88
SEGI	9.33	0.11	0.01	(0.05)	11.28	(15.61)	16.67	(25.00)	70.83
LGF-A	2.26	0.25	0.10	0.81	2.43	(2.50)	4.84	(3.80)	23.48
IMAX	1.44	0.16	0.09	0.13	1.59	(1.50)	3.35	(2.27)	7.94
LYV	1.35	(0.01)	0.00	(0.03)	0.00	0.00	2.89	(3.70)	10.06

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