Liberty Media Correlations

LLYVA Stock

70.19 2.78 4.12%

The current 90-days correlation between Liberty Media and CT Real Estate is 0.01 (i.e., Significant diversification). The correlation of Liberty Media 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.

Liberty Media Correlation With Market

Weak diversification

The correlation between Liberty Media and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Liberty Media and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Liberty Media. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

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

Moving together with Liberty Stock

0.85	DIS	Walt Disney Aggressive Push	Pair Corr
0.92	EVC	Entravision Communications	Pair Corr
0.85	WPP	WPP PLC ADR	Pair Corr
0.64	QNST	QuinStreet	Pair Corr
0.94	LBRDA	Liberty Broadband Srs	Pair Corr
0.94	LBRDK	Liberty Broadband Srs	Pair Corr
0.65	CABO	Cable One	Pair Corr
0.75	TZOO	Travelzoo	Pair Corr
0.82	T	ATT Inc Aggressive Push	Pair Corr
0.73	Z	Zillow Group Class	Pair Corr
0.64	EA	Electronic Arts	Pair Corr
0.72	ZG	Zillow Group	Pair Corr

Moving against Liberty Stock

0.84	KUKE	Kuke Music Holding	Pair Corr
0.81	CRTO	Criteo Sa	Pair Corr
0.76	IPG	Interpublic Group	Pair Corr
0.7	ADV	Advantage Solutions	Pair Corr
0.64	EEX	Emerald Expositions	Pair Corr
0.54	LILAK	Liberty Latin America	Pair Corr
0.51	MCHX	Marchex	Pair Corr
0.41	DRCT	Direct Digital Holdings	Pair Corr
0.33	MSGE	Madison Square Garden	Pair Corr
0.82	EVER	EverQuote Class A	Pair Corr
0.8	TC	TuanChe ADR	Pair Corr
0.7	ADD	Color Star Technology Downward Rally	Pair Corr
0.7	AMC	AMC Entertainment	Pair Corr
0.68	DLPN	Dolphin Entertainment	Pair Corr
0.65	BATRA	Atlanta Braves Holdings,	Pair Corr
0.64	AMX	America Movil SAB	Pair Corr
0.6	EMWPF	Eros Media World	Pair Corr

Related Correlations Analysis

	CHCI	JELD	MYRG	PNNT	CTRRF	OLP	AEG
CHCI		0.22	0.4	0.37	0.35	0.3	0.6	CHCI
JELD	0.22		-0.68	-0.36	0.74	-0.42	-0.26	JELD
MYRG	0.4	-0.68		0.62	-0.52	0.69	0.72	MYRG
PNNT	0.37	-0.36	0.62		-0.11	0.65	0.55	PNNT
CTRRF	0.35	0.74	-0.52	-0.11		-0.16	-0.16	CTRRF
OLP	0.3	-0.42	0.69	0.65	-0.16		0.64	OLP
AEG	0.6	-0.26	0.72	0.55	-0.16	0.64		AEG
	CHCI	JELD	MYRG	PNNT	CTRRF	OLP	AEG

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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

CTRRF	+ 0.74	JELD
AEG	+ 0.72	MYRG
OLP	+ 0.69	MYRG
OLP	+ 0.65	PNNT
AEG	+ 0.64	OLP
PNNT	+ 0.62	MYRG

High negative correlations

MYRG	- 0.68	JELD
CTRRF	- 0.52	MYRG
OLP	- 0.42	JELD
PNNT	- 0.36	JELD
AEG	- 0.26	JELD
AEG	- 0.16	CTRRF

Risk-Adjusted Indicators

There is a big difference between Liberty Stock performing well and Liberty Media 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 Liberty Media'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
CHCI	3.55	0.67	0.12	(0.99)	4.02	(3.85)	9.41	(6.59)	22.60
JELD	2.39	(0.47)	0.00	(0.22)	0.00	0.00	3.93	(5.43)	37.15
MYRG	2.00	0.40	0.20	0.32	1.84	(2.34)	4.73	(3.54)	17.58
PNNT	0.72	(0.02)	(0.04)	0.06	0.90	(0.80)	1.35	(1.33)	4.89
CTRRF	0.95	0.07	0.00	(0.36)	2.67	(2.48)	2.25	(1.87)	31.26
OLP	1.07	0.08	0.07	0.17	1.00	(1.23)	2.55	(1.97)	7.70
AEG	1.19	(0.09)	(0.04)	0.00	1.73	(1.21)	2.61	(2.33)	6.88

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