Sportradar Group Correlations

SRAD Stock

USD 22.32 0.02 0.09%

The current 90-days correlation between Sportradar Group and Paycor HCM is -0.01 (i.e., Good diversification). The correlation of Sportradar Group 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.

Sportradar Group Correlation With Market

Good diversification

The correlation between Sportradar Group AG and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sportradar Group AG and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sportradar Group AG. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Sportradar Stock

0.64

ENFN

Enfusion

Pair Corr

Moving against Sportradar Stock

0.56	DJCO	Daily Journal Corp	Pair Corr
0.54	WK	Workiva	Pair Corr
0.34	VS	Versus Systems	Pair Corr
0.51	VERB	Verb Technology Earnings Call This Week	Pair Corr
0.35	VTSI	VirTra Inc Earnings Call This Week	Pair Corr
0.35	ILLRW	Triller Group Symbol Change	Pair Corr
0.74	FRGT	Freight Technologies	Pair Corr
0.47	BMR	Beamr Imaging	Pair Corr
0.47	DMN	Damon Common Stock	Pair Corr
0.38	FICO	Fair Isaac	Pair Corr

Related Correlations Analysis

	PYCR	CWAN	MNTV	PCOR	ALKT	AMSWA	MLNK	MODN	CCRD	APPF
PYCR		0.0	0.0	-0.07	-0.61	0.0	-0.65	0.0	-0.11	-0.51	PYCR
CWAN	0.0		0.0	0.36	0.1	0.0	-0.11	0.0	-0.09	-0.08	CWAN
MNTV	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	MNTV
PCOR	-0.07	0.36	0.0		0.57	0.0	0.02	0.0	0.54	0.29	PCOR
ALKT	-0.61	0.1	0.0	0.57		0.0	0.56	0.0	0.69	0.82	ALKT
AMSWA	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	AMSWA
MLNK	-0.65	-0.11	0.0	0.02	0.56	0.0		0.0	0.07	0.69	MLNK
MODN	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	MODN
CCRD	-0.11	-0.09	0.0	0.54	0.69	0.0	0.07	0.0		0.47	CCRD
APPF	-0.51	-0.08	0.0	0.29	0.82	0.0	0.69	0.0	0.47		APPF
	PYCR	CWAN	MNTV	PCOR	ALKT	AMSWA	MLNK	MODN	CCRD	APPF

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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

APPF	+ 0.82	ALKT
CCRD	+ 0.69	ALKT
APPF	+ 0.69	MLNK
ALKT	+ 0.57	PCOR
MLNK	+ 0.56	ALKT
CCRD	+ 0.54	PCOR

High negative correlations

MLNK	- 0.65	PYCR
ALKT	- 0.61	PYCR
APPF	- 0.51	PYCR
MLNK	- 0.11	CWAN
CCRD	- 0.11	PYCR
CCRD	- 0.09	CWAN

Risk-Adjusted Indicators

There is a big difference between Sportradar Stock performing well and Sportradar Group 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 Sportradar Group'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
PYCR	0.87	0.21	0.24	1.44	0.66	(1.14)	1.09	(1.47)	26.32
CWAN	1.76	(0.10)	0.00	(0.24)	0.00	0.00	3.61	(4.14)	15.32
MNTV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PCOR	1.94	(0.06)	0.00	(0.12)	0.00	0.00	2.96	(4.63)	22.25
ALKT	2.00	(0.47)	0.00	(0.37)	0.00	0.00	2.55	(4.37)	19.06
AMSWA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MLNK	1.38	(0.15)	0.00	(0.20)	0.00	0.00	1.93	(3.68)	21.48
MODN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CCRD	2.25	(0.06)	0.00	(0.19)	0.00	0.00	4.75	(4.53)	12.83
APPF	1.53	(0.20)	0.00	(0.25)	0.00	0.00	2.40	(3.87)	11.12

Sportradar Group Corporate Management

Ben Burdsall	Chief Officer	Profile
Craig Felenstein	Chief Officer	Profile
Eduard Blonk	Chief Officer	Profile
Ulrich Harmuth	Chief CFO	Profile
Gerard Griffin	Chief Officer	Profile
Eric Conrad	Managing America	Profile
Michael Miller	Chief Officer	Profile

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