Big Screen Correlations

BSEG Stock

USD 0.02 0 10.71%

The current 90-days correlation between Big Screen Entertainment and Warner Music Group is 0.27 (i.e., Modest diversification). The correlation of Big Screen 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.

Big Screen Correlation With Market

Average diversification

The correlation between Big Screen Entertainment and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Big Screen Entertainment and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Big Screen could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Big Screen when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Big Screen - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Big Screen Entertainment to buy it.

Moving against Big Pink Sheet

0.36	WBD	Warner Bros Discovery Aggressive Push	Pair Corr
0.32	LYV	Live Nation Entertainment	Pair Corr
0.32	FOX	Fox Corp Class	Pair Corr
0.31	DIS	Walt Disney Aggressive Push	Pair Corr
0.34	AXON	Axon Enterprise	Pair Corr
0.32	APLD	Applied Blockchain	Pair Corr

Related Correlations Analysis

	WMG	LYV	BATRA	WBD	RDIB	RSVR	MCS	GAIA	NWS
WMG		0.86	-0.62	0.56	-0.79	0.78	0.76	0.7	0.58	WMG
LYV	0.86		-0.64	0.76	-0.82	0.88	0.9	0.85	0.79	LYV
BATRA	-0.62	-0.64		-0.34	0.71	-0.43	-0.44	-0.37	-0.21	BATRA
WBD	0.56	0.76	-0.34		-0.39	0.55	0.76	0.64	0.85	WBD
RDIB	-0.79	-0.82	0.71	-0.39		-0.72	-0.69	-0.68	-0.48	RDIB
RSVR	0.78	0.88	-0.43	0.55	-0.72		0.78	0.83	0.69	RSVR
MCS	0.76	0.9	-0.44	0.76	-0.69	0.78		0.87	0.91	MCS
GAIA	0.7	0.85	-0.37	0.64	-0.68	0.83	0.87		0.78	GAIA
NWS	0.58	0.79	-0.21	0.85	-0.48	0.69	0.91	0.78		NWS
	WMG	LYV	BATRA	WBD	RDIB	RSVR	MCS	GAIA	NWS

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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

NWS	+ 0.91	MCS
MCS	+ 0.9	LYV
RSVR	+ 0.88	LYV
GAIA	+ 0.87	MCS
LYV	+ 0.86	WMG
GAIA	+ 0.85	LYV

High negative correlations

RDIB	- 0.82	LYV
RDIB	- 0.79	WMG
RSVR	- 0.72	RDIB
MCS	- 0.69	RDIB
GAIA	- 0.68	RDIB
BATRA	- 0.64	LYV

Risk-Adjusted Indicators

There is a big difference between Big Pink Sheet performing well and Big Screen 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 Big Screen'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
WMG	0.91	0.13	0.02	0.59	1.67	(0.96)	2.15	(2.03)	11.14
LYV	1.07	0.44	0.41	0.54	0.52	(1.34)	2.70	(1.51)	9.16
BATRA	0.89	(0.19)	0.00	(0.26)	0.00	0.00	1.45	(1.98)	5.15
WBD	2.29	0.34	0.10	2.92	2.20	(2.71)	5.42	(3.45)	18.30
RDIB	4.22	(0.85)	0.00	(0.38)	0.00	0.00	7.76	(8.62)	37.87
RSVR	1.76	0.11	0.07	0.18	2.17	(1.91)	3.91	(3.81)	9.49
MCS	1.43	0.67	0.55	1.37	0.26	(1.85)	4.35	(1.58)	12.61
GAIA	2.06	0.42	0.16	0.73	1.87	(2.35)	6.39	(3.40)	13.71
NWS	0.90	0.04	0.02	0.17	1.14	(1.00)	1.77	(1.64)	6.61

Be your own money manager

Our tools can tell you how much better you can do entering a position in Big Screen without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Big Screen Corporate Management

Stephen Eckelberry	CoChairperson	Profile
Michael Manasseri	Consultant CoFounder	Profile
Catherine Taylor	Pres Devel	Profile
Kimberley Kates	CoChairperson Founder	Profile
Sandro Monetti	Chief Officer	Profile
Michael Gardiner	Pres Affairs	Profile

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