Fox Corp Correlations

FOX Stock

USD 65.57 0.87 1.34%

The current 90-days correlation between Fox Corp Class and Pinterest is 0.08 (i.e., Significant 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

Very poor diversification

The correlation between Fox Corp Class and DJI is 0.83 (i.e., Very poor 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.

Build AI portfolio with Fox Stock

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 various price indices.

Moving together with Fox Stock

0.99	FOXA	Fox Corp Class Earnings Call This Week	Pair Corr
0.8	EVC	Entravision Communications	Pair Corr
0.87	NXST	Nexstar Broadcasting	Pair Corr
0.61	PTAIY	Astra International Tbk	Pair Corr
0.64	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.73	ZIJMF	Zijin Mining Group	Pair Corr
0.81	SBSW	Sibanye Gold	Pair Corr
0.71	UNBLF	WFD Unibail Rodamco	Pair Corr
0.83	GOMRF	GéoMégA Resources	Pair Corr
0.85	FWRD	Forward Air	Pair Corr
0.83	FET	Forum Energy Technologies	Pair Corr
0.72	GMTLF	Guardian Metal Resources	Pair Corr
0.91	NGS	Natural Gas Services	Pair Corr
0.81	THSGF	Thesis Gold	Pair Corr
0.9	BNS	Bank of Nova Scotia	Pair Corr
0.66	ASTS	Ast Spacemobile	Pair Corr
0.86	PFRRF	PetroFrontier Corp Earnings Call Today	Pair Corr
0.83	GBCI	Glacier Bancorp Normal Trading	Pair Corr

Moving against Fox Stock

0.88	PSKY	Paramount Skydance	Pair Corr
0.85	A1N	Arn Media	Pair Corr
0.73	SWM	Seven West Media Earnings Call This Week	Pair Corr
0.52	PTAIF	PT Astra International	Pair Corr
0.48	BKRKF	PT Bank Rakyat	Pair Corr
0.45	PSM	Prosiebensat 1 Media	Pair Corr
0.75	PBCRY	Bank Central Asia	Pair Corr
0.62	TTOO	T2 Biosystems	Pair Corr
0.4	TELHF	Tearlach Resources	Pair Corr

Related Correlations Analysis

	PINS	CHTR	TEF	VOD	LLYVK	NBIS	TLK	LYV	RCI
PINS		0.8	0.8	-0.53	0.69	0.72	-0.53	0.43	0.41	PINS
CHTR	0.8		0.8	-0.55	0.67	0.55	-0.69	0.38	0.46	CHTR
TEF	0.8	0.8		-0.41	0.66	0.6	-0.6	0.37	0.67	TEF
VOD	-0.53	-0.55	-0.41		-0.16	-0.35	0.47	0.35	-0.41	VOD
LLYVK	0.69	0.67	0.66	-0.16		0.56	-0.53	0.8	0.18	LLYVK
NBIS	0.72	0.55	0.6	-0.35	0.56		-0.4	0.45	0.25	NBIS
TLK	-0.53	-0.69	-0.6	0.47	-0.53	-0.4		-0.3	-0.42	TLK
LYV	0.43	0.38	0.37	0.35	0.8	0.45	-0.3		-0.11	LYV
RCI	0.41	0.46	0.67	-0.41	0.18	0.25	-0.42	-0.11		RCI
	PINS	CHTR	TEF	VOD	LLYVK	NBIS	TLK	LYV	RCI

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

CHTR	+ 0.8	PINS
TEF	+ 0.8	PINS
TEF	+ 0.8	CHTR
LYV	+ 0.8	LLYVK
NBIS	+ 0.72	PINS
LLYVK	+ 0.69	PINS

High negative correlations

TLK	- 0.69	CHTR
TLK	- 0.6	TEF
VOD	- 0.55	CHTR
TLK	- 0.53	LLYVK
TLK	- 0.53	PINS
VOD	- 0.53	PINS

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
PINS	1.99	(0.66)	0.00	(1.50)	0.00	0.00	2.76	(4.13)	23.57
CHTR	1.75	(0.29)	0.00	(0.19)	0.00	0.00	3.98	(4.28)	9.83
TEF	1.44	(0.35)	0.00	(0.75)	0.00	0.00	2.81	(2.80)	13.46
VOD	1.15	0.33	0.16	0.44	1.43	(1.23)	2.83	(2.73)	11.03
LLYVK	1.27	(0.20)	0.00	(0.31)	0.00	0.00	2.42	(2.93)	10.21
NBIS	4.37	(0.52)	0.00	(0.23)	0.00	0.00	7.98	(8.24)	23.24
TLK	1.46	0.08	0.02	0.29	2.74	(1.41)	2.94	(2.90)	17.24
LYV	1.49	(0.09)	0.00	(0.09)	0.00	0.00	2.70	(2.61)	11.61
RCI	0.93	(0.07)	0.00	(0.51)	0.00	0.00	1.67	(1.91)	4.03

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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