Kartoon Studios, Correlations

TOON Stock

0.51 0.01 2.00%

The current 90-days correlation between Kartoon Studios, and Verra Mobility Corp is 0.1 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Kartoon Studios, moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kartoon Studios, moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Kartoon Studios, Correlation With Market

Average diversification

The correlation between Kartoon Studios, and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kartoon Studios, 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 Kartoon Studios,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

To learn how to invest in Kartoon Stock, please use our How to Invest in Kartoon Studios, guide.

Moving together with Kartoon Stock

0.62	KUKE	Kuke Music Holding	Pair Corr
0.69	TU	Telus Corp	Pair Corr
0.62	DRCT	Direct Digital Holdings	Pair Corr
0.62	EVER	EverQuote Class A	Pair Corr

Moving against Kartoon Stock

0.84	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.76	SE	Sea	Pair Corr
0.75	RSVR	Reservoir Media	Pair Corr
0.74	DIS	Walt Disney	Pair Corr
0.72	OB	Outbrain	Pair Corr
0.7	EA	Electronic Arts	Pair Corr
0.62	Z	Zillow Group Class	Pair Corr
0.62	ZG	Zillow Group	Pair Corr
0.61	CHTR	Charter Communications	Pair Corr
0.61	KT	KT Corporation	Pair Corr
0.59	RSVRW	Reservoir Media Mana	Pair Corr
0.55	YY	YY Inc Class	Pair Corr
0.52	WMG	Warner Music Group	Pair Corr
0.44	NCMI	National CineMedia	Pair Corr
0.43	WB	Weibo Corp	Pair Corr
0.81	CTV	Innovid Corp	Pair Corr
0.8	CNM	Core Main	Pair Corr
0.79	VEON	VEON	Pair Corr
0.74	CNK	Cinemark Holdings	Pair Corr
0.67	FOXA	Fox Corp Class	Pair Corr
0.64	DOYU	DouYu International	Pair Corr
0.32	NPSNY	Naspers Ltd ADR	Pair Corr
0.31	ZH	Zhihu Inc ADR	Pair Corr

Related Correlations Analysis

	VRRM	SNCY	RYAAY	VLRS	GZITF	BRID	ATSG	TSN
VRRM		-0.9	-0.21	-0.87	-0.93	-0.14	-0.95	-0.57	VRRM
SNCY	-0.9		0.45	0.9	0.85	0.22	0.91	0.49	SNCY
RYAAY	-0.21	0.45		0.35	0.22	0.34	0.28	-0.06	RYAAY
VLRS	-0.87	0.9	0.35		0.86	0.39	0.91	0.66	VLRS
GZITF	-0.93	0.85	0.22	0.86		0.28	0.98	0.69	GZITF
BRID	-0.14	0.22	0.34	0.39	0.28		0.26	0.33	BRID
ATSG	-0.95	0.91	0.28	0.91	0.98	0.26		0.65	ATSG
TSN	-0.57	0.49	-0.06	0.66	0.69	0.33	0.65		TSN
	VRRM	SNCY	RYAAY	VLRS	GZITF	BRID	ATSG	TSN

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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

ATSG	+ 0.98	GZITF
ATSG	+ 0.91	SNCY
ATSG	+ 0.91	VLRS
VLRS	+ 0.9	SNCY
GZITF	+ 0.86	VLRS
GZITF	+ 0.85	SNCY

High negative correlations

ATSG	- 0.95	VRRM
GZITF	- 0.93	VRRM
SNCY	- 0.9	VRRM
VLRS	- 0.87	VRRM
TSN	- 0.57	VRRM
RYAAY	- 0.21	VRRM

Risk-Adjusted Indicators

There is a big difference between Kartoon Stock performing well and Kartoon Studios, 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 Kartoon Studios,'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
VRRM	1.21	(0.23)	0.00	(0.29)	0.00	0.00	2.49	(2.88)	14.00
SNCY	2.69	0.41	0.15	0.44	2.48	(3.20)	7.47	(3.87)	16.71
RYAAY	1.54	0.02	(0.02)	0.14	1.95	(1.57)	3.90	(3.25)	8.74
VLRS	1.64	0.43	0.16	(1.78)	1.52	(1.84)	4.46	(2.63)	9.30
GZITF	0.84	0.46	0.00	(1.09)	0.00	0.00	0.00	0.00	26.67
BRID	1.58	0.30	0.13	1.20	1.47	(1.91)	4.28	(2.70)	9.39
ATSG	1.72	0.65	0.35	3.93	0.94	(2.24)	3.70	(2.13)	27.79
TSN	0.84	(0.02)	(0.08)	0.00	1.23	(0.88)	1.61	(1.92)	9.06

Kartoon Studios, Corporate Management

Lloyd Mintz	Senior Products	Profile
Brian Parisi	Chief Officer	Profile
Michael Riley	Head Initiatives	Profile
Kim Wilder	Executive Studios	Profile

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