ANGI Homeservices Correlations

ANGI Stock

USD 1.83 0.02 1.08%

The current 90-days correlation between ANGI Homeservices and Outbrain is -0.06 (i.e., Good diversification). The correlation of ANGI Homeservices 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.

ANGI Homeservices Correlation With Market

Average diversification

The correlation between ANGI Homeservices and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ANGI Homeservices and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ANGI Homeservices. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

For more detail on how to invest in ANGI Stock please use our How to Invest in ANGI Homeservices guide.

Moving together with ANGI Stock

0.71	BZ	Kanzhun Ltd ADR Buyout Trend	Pair Corr
0.73	FENG	Phoenix New Media	Pair Corr
0.94	IAC	IAC Inc	Pair Corr
0.76	MAX	MediaAlpha	Pair Corr
0.74	SLE	Super League Enterprise	Pair Corr
0.93	GETY	Getty Images Holdings	Pair Corr
0.63	GIFT	RDE, Inc Symbol Change	Pair Corr
0.74	GROM	Grom Social Enterprises	Pair Corr
0.61	ZDGE	Zedge Inc	Pair Corr
0.71	MTCH	Match Group	Pair Corr

Moving against ANGI Stock

0.84	OB	Outbrain	Pair Corr
0.77	YY	YY Inc Class	Pair Corr
0.73	GENI	Genius Sports	Pair Corr
0.71	WBTN	WEBTOON Entertainment	Pair Corr
0.65	Z	Zillow Group Class	Pair Corr
0.4	DOYU	DouYu International Trending	Pair Corr
0.79	YELP	Yelp Inc	Pair Corr
0.75	GOOG	Alphabet Class C Aggressive Push	Pair Corr
0.73	LCFY	Locafy	Pair Corr
0.65	OPRA	Opera	Pair Corr
0.59	MNYWW	MoneyHero Limited	Pair Corr
0.52	ONFO	Onfolio Holdings	Pair Corr
0.48	META	Meta Platforms	Pair Corr
0.42	NBIS	Nebius Group NV Symbol Change	Pair Corr

Related Correlations Analysis

	MTCH	OB	MAX	YY	TWLO	GETY	BIDU	SNAP	YELP	BZFD
MTCH		-0.54	0.83	-0.49	-0.8	0.69	0.66	-0.24	-0.65	-0.33	MTCH
OB	-0.54		-0.73	0.84	0.83	-0.89	-0.42	0.22	0.87	0.2	OB
MAX	0.83	-0.73		-0.7	-0.94	0.76	0.63	-0.4	-0.83	-0.37	MAX
YY	-0.49	0.84	-0.7		0.81	-0.81	-0.44	0.25	0.85	0.41	YY
TWLO	-0.8	0.83	-0.94	0.81		-0.86	-0.67	0.42	0.92	0.45	TWLO
GETY	0.69	-0.89	0.76	-0.81	-0.86		0.64	-0.08	-0.8	-0.29	GETY
BIDU	0.66	-0.42	0.63	-0.44	-0.67	0.64		-0.18	-0.52	-0.16	BIDU
SNAP	-0.24	0.22	-0.4	0.25	0.42	-0.08	-0.18		0.4	0.43	SNAP
YELP	-0.65	0.87	-0.83	0.85	0.92	-0.8	-0.52	0.4		0.42	YELP
BZFD	-0.33	0.2	-0.37	0.41	0.45	-0.29	-0.16	0.43	0.42		BZFD
	MTCH	OB	MAX	YY	TWLO	GETY	BIDU	SNAP	YELP	BZFD

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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

YELP	+ 0.92	TWLO
YELP	+ 0.87	OB
YELP	+ 0.85	YY
YY	+ 0.84	OB
MAX	+ 0.83	MTCH
TWLO	+ 0.83	OB

High negative correlations

TWLO	- 0.94	MAX
GETY	- 0.89	OB
GETY	- 0.86	TWLO
YELP	- 0.83	MAX
GETY	- 0.81	YY
YELP	- 0.8	GETY

Risk-Adjusted Indicators

There is a big difference between ANGI Stock performing well and ANGI Homeservices 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 ANGI Homeservices' 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
MTCH	1.77	(0.18)	0.00	(0.56)	0.00	0.00	3.32	(3.30)	20.40
OB	2.45	0.53	0.21	2.26	2.20	(2.98)	7.66	(3.74)	15.86
MAX	3.03	(0.62)	0.00	0.27	0.00	0.00	5.77	(6.38)	33.56
YY	1.99	0.32	0.12	2.75	2.18	(2.18)	6.23	(4.44)	16.01
TWLO	1.74	0.70	0.41	0.85	1.18	(2.16)	3.69	(2.72)	18.20
GETY	3.47	(0.32)	0.00	(0.61)	0.00	0.00	7.53	(7.48)	41.68
BIDU	1.81	(0.26)	0.00	(1.16)	0.00	0.00	2.91	(4.81)	12.45
SNAP	2.51	0.02	0.00	0.45	2.89	(2.80)	6.19	(5.17)	22.55
YELP	1.26	0.25	0.16	0.65	1.27	(1.44)	2.93	(2.19)	9.38
BZFD	5.26	0.49	0.08	0.57	5.79	(6.46)	12.71	(7.47)	35.96

ANGI Homeservices Corporate Management

Andrew Russakoff	Chief Officer	Profile
Michael Wanderer	Chief Officer	Profile
Christopher Bohnert	Chief VP	Profile
Mark CPA	Head Relations	Profile
Umang Dua	Chief Services	Profile

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