Entravision Communications Correlations

EVC Stock

USD 2.86 0.05 1.72%

The current 90-days correlation between Entravision Communications and Starz Entertainment LLC is 0.13 (i.e., Average diversification). The correlation of Entravision Communications 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.

Entravision Communications Correlation With Market

Poor diversification

The correlation between Entravision Communications and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Entravision Communications and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Entravision Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Entravision Communications. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

For information on how to trade Entravision Stock refer to our How to Trade Entravision Stock guide.

Moving together with Entravision Stock

0.61

FOX

Fox Corp Class

Pair Corr

Moving against Entravision Stock

0.68	SAT	Asian Television Network	Pair Corr
0.65	A1N	Arn Media Earnings Call This Week	Pair Corr
0.64	MMT	Mtropole Tlvision	Pair Corr
0.59	UA1	Urban One Split	Pair Corr
0.55	TBCN	Television Broadcasts	Pair Corr
0.53	SGA	Saga Communications	Pair Corr
0.49	MMT	Mtropole Tlvision	Pair Corr
0.36	3QT1	CURIOSITYSTREAM A 0001	Pair Corr
0.57	PSKY	Paramount Skydance Earnings Call This Week	Pair Corr
0.42	SGHB	SAGA COMMUNICATNS	Pair Corr
0.41	KA8	Klassik Radio AG	Pair Corr

Related Correlations Analysis

	STRZ	SSP	WIMI	TRUE	CURI	ATNI	CXDO	UPXI	TRVG	IHRT
STRZ		0.57	0.7	-0.14	0.5	-0.65	0.2	0.47	-0.05	0.81	STRZ
SSP	0.57		0.49	-0.29	0.7	-0.36	-0.17	0.26	0.13	0.55	SSP
WIMI	0.7	0.49		0.16	0.73	-0.88	0.39	0.88	0.23	0.6	WIMI
TRUE	-0.14	-0.29	0.16		0.23	-0.31	0.15	0.41	0.05	-0.08	TRUE
CURI	0.5	0.7	0.73	0.23		-0.73	0.06	0.74	0.25	0.45	CURI
ATNI	-0.65	-0.36	-0.88	-0.31	-0.73		-0.22	-0.91	-0.11	-0.51	ATNI
CXDO	0.2	-0.17	0.39	0.15	0.06	-0.22		0.32	0.01	0.1	CXDO
UPXI	0.47	0.26	0.88	0.41	0.74	-0.91	0.32		0.3	0.37	UPXI
TRVG	-0.05	0.13	0.23	0.05	0.25	-0.11	0.01	0.3		0.11	TRVG
IHRT	0.81	0.55	0.6	-0.08	0.45	-0.51	0.1	0.37	0.11		IHRT
	STRZ	SSP	WIMI	TRUE	CURI	ATNI	CXDO	UPXI	TRVG	IHRT

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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

UPXI	+ 0.88	WIMI
IHRT	+ 0.81	STRZ
UPXI	+ 0.74	CURI
CURI	+ 0.73	WIMI
WIMI	+ 0.7	STRZ
CURI	+ 0.7	SSP

High negative correlations

UPXI	- 0.91	ATNI
ATNI	- 0.88	WIMI
ATNI	- 0.73	CURI
ATNI	- 0.65	STRZ
IHRT	- 0.51	ATNI
ATNI	- 0.36	SSP

Risk-Adjusted Indicators

There is a big difference between Entravision Stock performing well and Entravision Communications 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 Entravision Communications' 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
STRZ	2.72	(0.25)	0.00	(0.30)	0.00	0.00	6.19	(5.56)	17.68
SSP	3.46	0.38	0.08	(1.19)	3.59	(4.44)	6.35	(4.68)	53.49
WIMI	3.68	(0.88)	0.00	(0.24)	0.00	0.00	5.56	(7.77)	27.96
TRUE	1.76	0.12	0.03	(0.32)	1.81	(2.54)	4.74	(3.48)	12.10
CURI	2.83	(0.12)	0.00	1.74	0.00	0.00	4.99	(6.13)	33.31
ATNI	1.95	0.56	0.26	1.69	1.72	(2.46)	4.76	(3.13)	13.65
CXDO	2.55	(0.37)	0.00	(0.13)	0.00	0.00	4.48	(5.29)	16.36
UPXI	5.73	(2.01)	0.00	(1.48)	0.00	0.00	11.51	(12.26)	38.70
TRVG	1.75	(0.05)	(0.02)	0.00	2.26	(2.00)	4.66	(4.92)	11.43
IHRT	2.78	(0.36)	0.00	(0.16)	0.00	0.00	7.49	(5.83)	20.27

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