Getty Images Correlations

GETY Stock  USD 2.84  0.02  0.70%   
The current 90-days correlation between Getty Images Holdings and ANGI Homeservices is -0.19 (i.e., Good diversification). The correlation of Getty Images 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.

Getty Images Correlation With Market

Significant diversification

The correlation between Getty Images Holdings and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Getty Images Holdings and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Getty Images Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with Getty Stock

  0.62MATH Metalpha TechnologyPairCorr

Moving against Getty Stock

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  0.5YY YY Inc Class Earnings Call This WeekPairCorr
  0.68GENI Genius SportsPairCorr
  0.59PODC Courtside Group, CommonPairCorr
  0.43BZFDW BuzzFeedPairCorr
  0.31LCFY LocafyPairCorr

Related Correlations Analysis

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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   
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SNAPTWLO
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High negative correlations   
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Risk-Adjusted Indicators

There is a big difference between Getty Stock performing well and Getty Images 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 Getty Images' 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.

Getty Images Corporate Management