National CineMedia Correlations

National CineMedia Correlation With Market

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.

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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    CNET + 0.53 GSMGW CNET + 0.44 BAOS GSMG + 0.0 BAOS MOBQ + 0.0 BAOS TRKAW + 0.0 BAOS GSMGW + 0.0 BAOS

High negative correlations    IFUS - 0.67 GSMGW CNET - 0.65 IFUS IFUS - 0.37 BAOS CNET - 0.0 TRKAW IFUS - 0.0 TRKAW GSMGW - 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.