National CineMedia Correlations

NCMI Stock

USD 7.07 0.12 1.67%

The correlation of National CineMedia 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.

National CineMedia Correlation With Market

Modest diversification

The correlation between National CineMedia and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding National CineMedia 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 National CineMedia. 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.

For more detail on how to invest in National Stock please use our How to Invest in National CineMedia guide.

Moving together with National Stock

0.63	CRTO	Criteo Sa	Pair Corr
0.67	Z	Zillow Group Class Earnings Call This Week	Pair Corr
0.66	IQ	iQIYI Inc Aggressive Push	Pair Corr
0.68	VZ	Verizon Communications Sell-off Trend	Pair Corr
0.67	ZG	Zillow Group	Pair Corr

Moving against National Stock

0.43	WIMI	WiMi Hologram Cloud	Pair Corr
0.41	DRCT	Direct Digital Holdings	Pair Corr
0.34	VEON	VEON	Pair Corr
0.33	VSME	VS Media Holdings	Pair Corr

Related Correlations Analysis

	MGOL	BAOS	GSMG	MOBQ	TRKAW	GSMGW	IFUS	CNET
MGOL		-0.77	0.0	0.0	0.0	0.64	0.67	-0.02	MGOL
BAOS	-0.77		0.0	0.0	0.0	-0.46	-0.39	0.15	BAOS
GSMG	0.0	0.0		0.0	0.0	0.0	0.0	0.0	GSMG
MOBQ	0.0	0.0	0.0		0.0	0.0	0.0	0.0	MOBQ
TRKAW	0.0	0.0	0.0	0.0		0.0	0.0	0.0	TRKAW
GSMGW	0.64	-0.46	0.0	0.0	0.0		0.46	0.33	GSMGW
IFUS	0.67	-0.39	0.0	0.0	0.0	0.46		0.0	IFUS
CNET	-0.02	0.15	0.0	0.0	0.0	0.33	0.0		CNET
	MGOL	BAOS	GSMG	MOBQ	TRKAW	GSMGW	IFUS	CNET

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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

IFUS	+ 0.67	MGOL
GSMGW	+ 0.64	MGOL
IFUS	+ 0.46	GSMGW
CNET	+ 0.33	GSMGW
CNET	+ 0.15	BAOS
GSMG	+ 0.0	MGOL

High negative correlations

BAOS	- 0.77	MGOL
GSMGW	- 0.46	BAOS
IFUS	- 0.39	BAOS
CNET	- 0.02	MGOL
CNET	- 0.0	IFUS
CNET	- 0.0	TRKAW

Risk-Adjusted Indicators

There is a big difference between National Stock performing well and National CineMedia 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 National CineMedia'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
MGOL	12.93	0.61	0.04	(0.21)	15.37	(19.17)	40.00	(32.14)	144.39
BAOS	12.52	3.79	0.35	3.20	8.72	(17.07)	19.03	(15.59)	348.15
GSMG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MOBQ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TRKAW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GSMGW	24.84	4.59	0.17	(1.67)	18.79	(52.81)	54.55	(37.50)	142.86
IFUS	5.65	0.60	0.07	1.44	7.56	(6.57)	16.28	(10.21)	44.07
CNET	3.53	(0.07)	0.00	(0.04)	0.00	0.00	7.65	(5.46)	27.82

National CineMedia Corporate Management

Stacie Tursi	Senior Partnerships	Profile
Julie Patterson	VP Officer	Profile
Ronnie Ng	Chief Officer	Profile
Adam Johnson	Senior Planning	Profile
Dave Kupiec	Ex Marketing	Profile
Catherine Sullivan	Marketing, Sales	Profile

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