Studio City Correlations

MSC Stock

USD 3.56 0.19 5.07%

The current 90-days correlation between Studio City International and Golden Entertainment is 0.11 (i.e., Average diversification). The correlation of Studio City 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.

Studio City Correlation With Market

Average diversification

The correlation between Studio City International and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Studio City International 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 Studio City International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Studio Stock

0.61	DIN	Dine Brands Global	Pair Corr
0.62	M	Macys Inc	Pair Corr
0.68	XELB	Xcel Brands Trending	Pair Corr

Moving against Studio Stock

0.64	NATH	Nathans Famous	Pair Corr
0.59	YUM	Yum Brands Sell-off Trend	Pair Corr
0.55	MCD	McDonalds	Pair Corr
0.54	JD	JD Inc Adr	Pair Corr
0.51	VIPS	Vipshop Holdings	Pair Corr
0.45	PZZA	Papa Johns International	Pair Corr
0.56	AZO	AutoZone	Pair Corr

Related Correlations Analysis

	GDEN	RRR	CNTY	BALY	VAC	BVH	MTN	MCRI	HGV	FLL
GDEN		0.66	0.88	-0.1	0.89	0.0	0.35	0.25	0.8	0.76	GDEN
RRR	0.66		0.49	-0.46	0.45	0.0	-0.33	0.8	0.84	0.74	RRR
CNTY	0.88	0.49		-0.13	0.91	0.0	0.44	0.15	0.62	0.6	CNTY
BALY	-0.1	-0.46	-0.13		0.02	0.0	0.43	-0.51	-0.39	-0.19	BALY
VAC	0.89	0.45	0.91	0.02		0.0	0.58	-0.01	0.56	0.57	VAC
BVH	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	BVH
MTN	0.35	-0.33	0.44	0.43	0.58	0.0		-0.68	-0.11	-0.09	MTN
MCRI	0.25	0.8	0.15	-0.51	-0.01	0.0	-0.68		0.6	0.51	MCRI
HGV	0.8	0.84	0.62	-0.39	0.56	0.0	-0.11	0.6		0.68	HGV
FLL	0.76	0.74	0.6	-0.19	0.57	0.0	-0.09	0.51	0.68		FLL
	GDEN	RRR	CNTY	BALY	VAC	BVH	MTN	MCRI	HGV	FLL

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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

VAC	+ 0.91	CNTY
VAC	+ 0.89	GDEN
CNTY	+ 0.88	GDEN
HGV	+ 0.84	RRR
HGV	+ 0.8	GDEN
MCRI	+ 0.8	RRR

High negative correlations

MCRI	- 0.68	MTN
MCRI	- 0.51	BALY
BALY	- 0.46	RRR
HGV	- 0.39	BALY
MTN	- 0.33	RRR
FLL	- 0.19	BALY

Risk-Adjusted Indicators

There is a big difference between Studio Stock performing well and Studio City 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 Studio City'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
GDEN	1.47	(0.20)	0.00	(0.16)	0.00	0.00	3.22	(3.17)	7.66
RRR	1.45	(0.05)	0.00	(0.04)	0.00	0.00	2.97	(3.01)	9.16
CNTY	2.65	(0.83)	0.00	(0.77)	0.00	0.00	5.32	(6.01)	30.49
BALY	3.73	0.11	0.02	(0.04)	5.37	(4.50)	8.32	(7.87)	50.30
VAC	1.89	(0.48)	0.00	(0.30)	0.00	0.00	3.33	(4.30)	13.54
BVH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MTN	1.35	(0.28)	0.00	(0.56)	0.00	0.00	2.16	(2.77)	9.93
MCRI	1.06	0.06	0.04	0.10	1.26	(1.13)	1.58	(2.08)	11.31
HGV	1.78	(0.03)	0.00	(0.02)	0.00	0.00	3.88	(3.46)	12.20
FLL	2.28	0.25	0.08	0.34	2.63	(2.54)	4.21	(4.57)	20.31

Studio City Corporate Management

Dominique Mielle	Independent Director	Profile
Amy Kuzdowicz	Principal Officer	Profile
Timothy Lavelle	Director	Profile
Jeanny Kim	Senior Treasurer	Profile
Kevin Benning	Property General Manager	Profile
Amy CPA	Principal Officer	Profile
Stephanie Cheung	Director	Profile

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