Reservoir Media Correlations

RSVR Stock

USD 7.30 0.19 2.54%

The current 90-days correlation between Reservoir Media and Reading International is 0.21 (i.e., Modest diversification). The correlation of Reservoir Media 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.

Reservoir Media Correlation With Market

Modest diversification

The correlation between Reservoir Media and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Reservoir Media and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Reservoir Media. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

To learn how to invest in Reservoir Stock, please use our How to Invest in Reservoir Media guide.

Moving together with Reservoir Stock

0.75	OB	Outbrain	Pair Corr
0.63	TC	TuanChe ADR	Pair Corr
0.8	ZD	Ziff Davis	Pair Corr
0.75	ANGHW	Anghami Warrants	Pair Corr
0.89	ADD	Color Star Technology	Pair Corr
0.87	ADV	Advantage Solutions Buyout Trend	Pair Corr
0.83	AMC	AMC Entertainment Aggressive Push	Pair Corr

Moving against Reservoir Stock

0.69	KT	KT Corporation	Pair Corr
0.68	VEON	VEON	Pair Corr
0.65	T	ATT Inc Earnings Call This Week	Pair Corr
0.65	TU	Telus Corp	Pair Corr
0.64	YY	YY Inc Class	Pair Corr
0.58	VZ	Verizon Communications	Pair Corr
0.58	ZH	Zhihu Inc ADR Earnings Call This Week	Pair Corr
0.55	CURIW	CuriosityStream	Pair Corr
0.34	WB	Weibo Corp	Pair Corr
0.71	EVER	EverQuote Class A	Pair Corr
0.6	CCG	Cheche Group Class	Pair Corr
0.57	FOXA	Fox Corp Class	Pair Corr
0.49	CHT	Chunghwa Telecom	Pair Corr
0.43	BATRA	Atlanta Braves Holdings,	Pair Corr

Related Correlations Analysis

	RDI	MCS	GAIA	NWS	RDIB	NWSA	BATRA	LDSN	FWONA	WMG
RDI		0.36	0.79	0.51	-0.26	0.5	0.35	-0.28	0.5	0.04	RDI
MCS	0.36		0.58	0.33	-0.55	0.59	-0.17	0.23	0.71	-0.11	MCS
GAIA	0.79	0.58		0.41	-0.63	0.53	0.2	0.0	0.54	-0.07	GAIA
NWS	0.51	0.33	0.41		-0.36	0.91	0.77	-0.37	0.78	0.7	NWS
RDIB	-0.26	-0.55	-0.63	-0.36		-0.5	-0.13	-0.2	-0.53	-0.05	RDIB
NWSA	0.5	0.59	0.53	0.91	-0.5		0.54	-0.17	0.86	0.55	NWSA
BATRA	0.35	-0.17	0.2	0.77	-0.13	0.54		-0.5	0.43	0.82	BATRA
LDSN	-0.28	0.23	0.0	-0.37	-0.2	-0.17	-0.5		-0.19	-0.37	LDSN
FWONA	0.5	0.71	0.54	0.78	-0.53	0.86	0.43	-0.19		0.37	FWONA
WMG	0.04	-0.11	-0.07	0.7	-0.05	0.55	0.82	-0.37	0.37		WMG
	RDI	MCS	GAIA	NWS	RDIB	NWSA	BATRA	LDSN	FWONA	WMG

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

NWSA	+ 0.91	NWS
FWONA	+ 0.86	NWSA
WMG	+ 0.82	BATRA
GAIA	+ 0.79	RDI
FWONA	+ 0.78	NWS
BATRA	+ 0.77	NWS

High negative correlations

RDIB	- 0.63	GAIA
RDIB	- 0.55	MCS
FWONA	- 0.53	RDIB
LDSN	- 0.5	BATRA
NWSA	- 0.5	RDIB
WMG	- 0.37	LDSN

Risk-Adjusted Indicators

There is a big difference between Reservoir Stock performing well and Reservoir Media 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 Reservoir Media'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
RDI	2.88	0.09	0.02	0.02	3.54	(3.10)	5.07	(6.43)	22.83
MCS	1.47	(0.25)	0.00	(0.33)	0.00	0.00	2.16	(2.95)	15.15
GAIA	2.56	(0.25)	0.00	(0.64)	0.00	0.00	6.43	(7.01)	25.58
NWS	0.92	0.02	0.00	(0.04)	0.00	0.00	1.78	(1.92)	8.72
RDIB	4.62	0.61	0.11	(0.46)	5.53	(5.47)	9.14	(10.46)	43.09
NWSA	0.89	(0.04)	0.00	(0.12)	0.00	0.00	1.90	(1.79)	7.78
BATRA	0.81	0.08	0.12	0.08	0.87	(1.00)	1.90	(1.61)	4.51
LDSN	5.46	0.06	0.01	0.03	8.35	(16.40)	25.00	(18.00)	75.77
FWONA	1.34	(0.02)	0.00	(0.09)	0.00	0.00	2.34	(3.51)	11.33
WMG	1.22	0.03	0.04	0.00	1.68	(1.23)	2.89	(2.11)	8.84

Reservoir Media Corporate Management

Golnar Khosrowshahi	CEO Founder	Profile
Faith Newman	VP Creative	Profile
Jim Heindlmeyer	Chief Officer	Profile
Suzy Arrabito	Vice Communications	Profile
James Heindlmeyer	Chief Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC