Strive Asset Correlations

ASST Stock

8.73 0.79 9.95%

The current 90-days correlation between Strive Asset Management and Getty Images Holdings is 0.21 (i.e., Modest diversification). The correlation of Strive Asset 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.

Strive Asset Correlation With Market

Excellent diversification

The correlation between Strive Asset Management and DJI is -0.6 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Strive Asset Management and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Strive Stock

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

Moving together with Strive Stock

0.8	IQ	iQIYI Inc	Pair Corr
0.72	DRCT	Direct Digital Holdings	Pair Corr
0.75	WA7	Seven West Media	Pair Corr
0.82	NC0B	News	Pair Corr
0.7	GDEVW	Nexters Warrant	Pair Corr
0.91	WIMI	WiMi Hologram Cloud	Pair Corr
0.72	CX0	Cineplex	Pair Corr
0.78	ADV	Advantage Solutions Earnings Call This Week	Pair Corr
0.76	AMC	AMC Entertainment Earnings Call Tomorrow	Pair Corr
0.64	GDC	GD Culture Group	Pair Corr
0.68	KPSN	Kinepolis Group NV	Pair Corr
0.61	RDI	Reading International	Pair Corr
0.69	GAIA	Gaia Inc	Pair Corr

Moving against Strive Stock

0.71	SJ	Scienjoy Holding Corp	Pair Corr
0.55	SCG	Sporting Clube de	Pair Corr
0.49	32GA	Thunderbird Entertainment	Pair Corr
0.46	MJG1	Major Cineplex Group	Pair Corr
0.34	AJAX	AFC Ajax NV	Pair Corr
0.84	BATRA	Atlanta Braves Holdings	Pair Corr
0.79	BATRK	Atlanta Braves Holdings Earnings Call This Week	Pair Corr
0.54	LVO	LiveOne	Pair Corr
0.37	KWM	K Wave Media	Pair Corr
0.78	LYV	Live Nation Entertainment	Pair Corr
0.59	TKO	TKO Group Holdings Earnings Call This Week	Pair Corr
0.49	MCS	Marcus	Pair Corr
0.36	GMGI	Golden Matrix Group	Pair Corr

Related Correlations Analysis

	GETY	GCI	SMWB	SSTK	NXDR	CABO	DLX	SIFY	EVER	ATHM
GETY		0.56	0.93	0.89	0.53	0.34	-0.81	-0.76	0.88	0.76	GETY
GCI	0.56		0.53	0.34	0.13	0.55	-0.62	-0.67	0.46	0.25	GCI
SMWB	0.93	0.53		0.76	0.59	0.46	-0.92	-0.83	0.95	0.77	SMWB
SSTK	0.89	0.34	0.76		0.38	0.03	-0.6	-0.5	0.73	0.67	SSTK
NXDR	0.53	0.13	0.59	0.38		0.33	-0.45	-0.46	0.69	0.54	NXDR
CABO	0.34	0.55	0.46	0.03	0.33		-0.51	-0.76	0.37	0.05	CABO
DLX	-0.81	-0.62	-0.92	-0.6	-0.45	-0.51		0.86	-0.88	-0.69	DLX
SIFY	-0.76	-0.67	-0.83	-0.5	-0.46	-0.76	0.86		-0.76	-0.46	SIFY
EVER	0.88	0.46	0.95	0.73	0.69	0.37	-0.88	-0.76		0.77	EVER
ATHM	0.76	0.25	0.77	0.67	0.54	0.05	-0.69	-0.46	0.77		ATHM
	GETY	GCI	SMWB	SSTK	NXDR	CABO	DLX	SIFY	EVER	ATHM

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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

EVER	+ 0.95	SMWB
SMWB	+ 0.93	GETY
SSTK	+ 0.89	GETY
EVER	+ 0.88	GETY
SIFY	+ 0.86	DLX
ATHM	+ 0.77	SMWB

High negative correlations

DLX	- 0.92	SMWB
EVER	- 0.88	DLX
SIFY	- 0.83	SMWB
DLX	- 0.81	GETY
EVER	- 0.76	SIFY
SIFY	- 0.76	CABO

Risk-Adjusted Indicators

There is a big difference between Strive Stock performing well and Strive Asset 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 Strive Asset'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
GETY	3.16	(1.09)	0.00	(0.37)	0.00	0.00	5.59	(10.84)	20.27
GCI	2.12	(0.55)	0.00	(0.26)	0.00	0.00	0.98	(2.21)	83.34
SMWB	3.21	(1.58)	0.00	(0.89)	0.00	0.00	3.53	(8.60)	41.45
SSTK	2.41	(0.36)	0.00	(0.15)	0.00	0.00	4.72	(5.07)	17.96
NXDR	3.05	(0.04)	0.00	0.05	3.83	(3.83)	8.06	(6.28)	40.31
CABO	3.52	(0.06)	(0.01)	0.02	4.01	(4.05)	9.10	(7.70)	20.13
DLX	1.72	0.46	0.28	0.44	1.28	(2.04)	3.59	(2.65)	17.02
SIFY	2.78	0.33	0.09	0.24	3.81	(2.80)	7.33	(5.18)	21.90
EVER	2.32	(0.72)	0.00	(0.43)	0.00	0.00	4.30	(5.25)	19.55
ATHM	1.40	(0.28)	0.00	(0.35)	0.00	0.00	2.84	(3.91)	8.24

Strive Asset Corporate Management

Matthew CFA	Chief Officer	Profile
Don McArdle	Chief Officer	Profile
Alexandra Gaiser	General Counsel	Profile
Benjamin Werkman	Chief Observer	Profile
Derek Dunlop	Chief Officer	Profile

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