Townsquare Media Correlations

TSQ Stock

USD 7.98 0.12 1.53%

The current 90-days correlation between Townsquare Media and Marchex is 0.15 (i.e., Average diversification). The correlation of Townsquare 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.

Townsquare Media Correlation With Market

Very weak diversification

The correlation between Townsquare Media and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Townsquare Media 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 Townsquare 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 state.

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

Moving together with Townsquare Stock

0.61	WLYB	John Wiley Sons	Pair Corr
0.63	FLNT	Fluent Inc	Pair Corr
0.85	CCO	Clear Channel Outdoor Buyout Trend	Pair Corr
0.77	DIS	Walt Disney	Pair Corr
0.86	EEX	Emerald Expositions	Pair Corr
0.94	GCI	Gannett	Pair Corr
0.65	HAO	Haoxi Health Technology	Pair Corr
0.66	IPG	Interpublic Group	Pair Corr
0.9	LEE	Lee Enterprises	Pair Corr
0.71	LVO	LiveOne	Pair Corr
0.88	MCS	Marcus	Pair Corr
0.75	NYT	New York Times	Pair Corr
0.76	OMC	Omnicom Group	Pair Corr
0.88	WPP	WPP PLC ADR	Pair Corr
0.66	INTJ	Intelligent Group	Pair Corr
0.69	KUKE	Kuke Music Holding	Pair Corr
0.75	NCMI	National CineMedia	Pair Corr
0.87	NCTY	The9 Ltd ADR	Pair Corr

Moving against Townsquare Stock

0.6	SE	Sea	Pair Corr
0.54	FOXA	Fox Corp Class	Pair Corr
0.52	PSO	Pearson PLC ADR	Pair Corr
0.38	WMG	Warner Music Group Sell-off Trend	Pair Corr
0.72	T	ATT Inc Earnings Call This Week	Pair Corr
0.71	QMMM	QMMM Holdings Limited	Pair Corr
0.71	KT	KT Corporation	Pair Corr
0.66	ABTS	Abits Group	Pair Corr
0.61	NXST	Nexstar Broadcasting	Pair Corr
0.51	CURIW	CuriosityStream	Pair Corr
0.5	LBRDA	Liberty Broadband Srs	Pair Corr
0.48	LBRDK	Liberty Broadband Srs	Pair Corr

Related Correlations Analysis

	MMDDF	INEOF	KDOZF	MCHX	SNIPF	EVC	DRCT	CMPR	OMC
MMDDF		-0.12	0.67	-0.01	-0.76	-0.77	-0.25	-0.63	-0.47	MMDDF
INEOF	-0.12		-0.05	-0.05	-0.1	-0.14	-0.16	-0.15	-0.25	INEOF
KDOZF	0.67	-0.05		-0.15	-0.67	-0.48	-0.19	-0.55	-0.4	KDOZF
MCHX	-0.01	-0.05	-0.15		0.09	0.04	-0.11	0.08	0.22	MCHX
SNIPF	-0.76	-0.1	-0.67	0.09		0.77	0.3	0.79	0.64	SNIPF
EVC	-0.77	-0.14	-0.48	0.04	0.77		0.33	0.82	0.6	EVC
DRCT	-0.25	-0.16	-0.19	-0.11	0.3	0.33		0.34	0.2	DRCT
CMPR	-0.63	-0.15	-0.55	0.08	0.79	0.82	0.34		0.83	CMPR
OMC	-0.47	-0.25	-0.4	0.22	0.64	0.6	0.2	0.83		OMC
	MMDDF	INEOF	KDOZF	MCHX	SNIPF	EVC	DRCT	CMPR	OMC

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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

OMC	+ 0.83	CMPR
CMPR	+ 0.82	EVC
CMPR	+ 0.79	SNIPF
EVC	+ 0.77	SNIPF
KDOZF	+ 0.67	MMDDF
OMC	+ 0.64	SNIPF

High negative correlations

EVC	- 0.77	MMDDF
SNIPF	- 0.76	MMDDF
SNIPF	- 0.67	KDOZF
CMPR	- 0.63	MMDDF
CMPR	- 0.55	KDOZF
EVC	- 0.48	KDOZF

Risk-Adjusted Indicators

There is a big difference between Townsquare Stock performing well and Townsquare 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 Townsquare 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
MMDDF	4.91	1.56	0.00	(0.43)	0.00	0.00	0.00	0.00	203.39
INEOF	4.81	0.66	0.05	(0.54)	6.13	(23.43)	29.78	(14.07)	67.79
KDOZF	16.31	6.68	0.15	1.73	12.50	(66.17)	23.53	(10.00)	419.05
MCHX	2.15	(0.20)	0.00	(0.34)	0.00	0.00	3.76	(3.98)	11.90
SNIPF	3.04	(0.32)	0.00	(0.49)	0.00	0.00	6.67	(7.35)	23.21
EVC	3.20	(0.01)	0.00	(0.09)	0.00	0.00	6.09	(10.00)	33.87
DRCT	27.77	11.82	1.03	0.64	7.66	(52.40)	7.87	(16.28)	932.55
CMPR	2.17	(0.84)	0.00	(0.98)	0.00	0.00	4.08	(5.34)	11.06
OMC	1.04	(0.10)	0.00	(0.25)	0.00	0.00	1.91	(2.46)	5.91

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