Warner Bros Correlations

WBD Stock

USD 10.85 0.00 0.00%

The current 90-days correlation between Warner Bros Discovery and Walt Disney is 0.53 (i.e., Very weak diversification). The correlation of Warner Bros 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.

Warner Bros Correlation With Market

Very weak diversification

The correlation between Warner Bros Discovery and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Warner Bros Discovery and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Warner Bros Discovery. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving against Warner Stock

0.39	LVO	LiveOne	Pair Corr
0.41	KUKE	Kuke Music Holding	Pair Corr
0.34	TZOO	Travelzoo	Pair Corr
0.32	BAOS	Baosheng Media Group	Pair Corr

Related Correlations Analysis

	DIS	ROKU	NFLX	PARAA	PARA	AMC	APE
DIS		0.61	0.24	-0.25	-0.55	0.52	0.0	DIS
ROKU	0.61		0.67	0.26	-0.06	0.19	0.0	ROKU
NFLX	0.24	0.67		0.38	0.26	-0.33	0.0	NFLX
PARAA	-0.25	0.26	0.38		0.58	-0.46	0.0	PARAA
PARA	-0.55	-0.06	0.26	0.58		-0.61	0.0	PARA
AMC	0.52	0.19	-0.33	-0.46	-0.61		0.0	AMC
APE	0.0	0.0	0.0	0.0	0.0	0.0		APE
	DIS	ROKU	NFLX	PARAA	PARA	AMC	APE

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

NFLX	+ 0.67	ROKU
ROKU	+ 0.61	DIS
PARA	+ 0.58	PARAA
AMC	+ 0.52	DIS
PARAA	+ 0.38	NFLX
PARAA	+ 0.26	ROKU

High negative correlations

AMC	- 0.61	PARA
PARA	- 0.55	DIS
AMC	- 0.46	PARAA
AMC	- 0.33	NFLX
PARAA	- 0.25	DIS
PARA	- 0.06	ROKU

Risk-Adjusted Indicators

There is a big difference between Warner Stock performing well and Warner Bros 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 Warner Bros' 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
DIS	1.03	(0.14)	0.00	(0.27)	0.00	0.00	1.83	(2.44)	7.36
ROKU	2.95	0.09	0.00	(0.02)	0.00	0.00	6.06	(5.88)	21.34
NFLX	1.66	0.17	0.07	0.07	2.18	(1.80)	3.24	(3.21)	18.23
PARAA	0.55	(0.01)	0.00	(0.10)	0.00	0.00	1.04	(1.34)	5.40
PARA	1.21	0.13	0.10	0.27	1.57	(1.19)	2.45	(2.45)	8.99
AMC	2.16	(0.41)	0.00	(0.83)	0.00	0.00	4.42	(4.97)	15.91
APE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Warner Bros Corporate Management

Jennifer Remling	Chief Officer	Profile
Robert Gibbs	Chief Officer	Profile
JeanBriac Perrette	Pres International	Profile
Priya JD	Chief Officer	Profile
Bruce Campbell	Distribution Devel	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