Fox Corp Correlations

FOX Stock

USD 44.12 0.75 1.73%

The current 90-days correlation between Fox Corp Class and News Corp A is 0.55 (i.e., Very weak diversification). The correlation of Fox Corp 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.

Fox Corp Correlation With Market

Weak diversification

The correlation between Fox Corp Class and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fox Corp Class and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Fox Stock

0.74	SE	Sea	Pair Corr
0.83	CNK	Cinemark Holdings	Pair Corr
0.99	FOXA	Fox Corp Class	Pair Corr
0.88	DIS	Walt Disney Aggressive Push	Pair Corr
0.9	EVC	Entravision Communications	Pair Corr
0.64	LEE	Lee Enterprises	Pair Corr
0.86	LYV	Live Nation Entertainment	Pair Corr
0.92	MCS	Marcus	Pair Corr
0.89	NWS	News Corp B	Pair Corr

Moving against Fox Stock

0.69	DLPN	Dolphin Entertainment	Pair Corr
0.57	ADD	Color Star Technology Downward Rally	Pair Corr
0.56	HAO	Haoxi Health Technology	Pair Corr
0.5	DRCT	Direct Digital Holdings	Pair Corr
0.39	AMC	AMC Entertainment	Pair Corr
0.37	BATRA	Atlanta Braves Holdings,	Pair Corr
0.37	ADV	Advantage Solutions	Pair Corr
0.34	EEX	Emerald Expositions	Pair Corr
0.86	SGA	Saga Communications	Pair Corr
0.83	HOFV	Hall of Fame	Pair Corr
0.79	LILAK	Liberty Latin America	Pair Corr
0.74	RDI	Reading International	Pair Corr
0.72	IPG	Interpublic Group	Pair Corr
0.65	MMV	MultiMetaVerse Holdings	Pair Corr
0.5	UONEK	Urban One Class	Pair Corr
0.47	LVO	LiveOne	Pair Corr

Related Correlations Analysis

	NWSA	NWS	PARAA	FWONA	MCS	WMG	FOXA	MSGS	WWE	PARAP
NWSA		0.96	0.39	0.52	0.69	0.33	0.71	0.49	0.67	0.28	NWSA
NWS	0.96		0.26	0.67	0.84	0.54	0.85	0.64	0.6	0.06	NWS
PARAA	0.39	0.26		-0.09	-0.09	-0.21	0.0	-0.08	0.31	0.56	PARAA
FWONA	0.52	0.67	-0.09		0.82	0.82	0.77	0.83	0.32	-0.34	FWONA
MCS	0.69	0.84	-0.09	0.82		0.79	0.9	0.81	0.39	-0.34	MCS
WMG	0.33	0.54	-0.21	0.82	0.79		0.81	0.87	-0.03	-0.56	WMG
FOXA	0.71	0.85	0.0	0.77	0.9	0.81		0.77	0.22	-0.29	FOXA
MSGS	0.49	0.64	-0.08	0.83	0.81	0.87	0.77		0.22	-0.25	MSGS
WWE	0.67	0.6	0.31	0.32	0.39	-0.03	0.22	0.22		0.36	WWE
PARAP	0.28	0.06	0.56	-0.34	-0.34	-0.56	-0.29	-0.25	0.36		PARAP
	NWSA	NWS	PARAA	FWONA	MCS	WMG	FOXA	MSGS	WWE	PARAP

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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	+ 0.96	NWSA
FOXA	+ 0.9	MCS
MSGS	+ 0.87	WMG
FOXA	+ 0.85	NWS
MCS	+ 0.84	NWS
MSGS	+ 0.83	FWONA

High negative correlations

PARAP	- 0.56	WMG
PARAP	- 0.34	MCS
PARAP	- 0.34	FWONA
PARAP	- 0.29	FOXA
PARAP	- 0.25	MSGS
WMG	- 0.21	PARAA

Risk-Adjusted Indicators

There is a big difference between Fox Stock performing well and Fox Corp 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 Fox Corp'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
NWSA	0.87	0.02	0.01	0.11	1.24	(0.89)	1.73	(1.68)	6.51
NWS	0.90	0.09	0.06	0.19	1.14	(0.99)	1.77	(1.64)	6.61
PARAA	0.66	(0.06)	0.00	(0.40)	0.00	0.00	1.65	(1.06)	10.30
FWONA	1.11	0.01	0.01	0.10	1.43	(1.13)	2.10	(1.79)	8.37
MCS	1.42	0.66	0.57	1.13	0.25	(1.84)	4.33	(1.58)	12.63
WMG	0.75	0.19	0.15	0.55	0.77	(0.89)	1.70	(1.34)	6.01
FOXA	0.89	0.15	0.12	0.33	0.76	(1.15)	2.67	(1.24)	8.19
MSGS	0.73	0.06	0.04	0.17	0.77	(0.78)	1.44	(1.32)	5.10
WWE	1.22	(0.01)	(0.04)	0.05	1.78	(1.24)	2.29	(2.26)	10.26
PARAP	2.05	(0.37)	0.00	(1.10)	0.00	0.00	3.55	(3.58)	26.37

Fox Corp Corporate Management

Brian Nick	Chief VP	Profile
Gabrielle Brown	Executive Officer	Profile
David Borstein	Senior Sales	Profile
Yoel Flohr	Executive Digital	Profile
Adam JD	Chief Officer	Profile
Jeff Collins	Marketing Sales	Profile

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