MediaAlpha Correlations

MAX Stock

USD 10.25 0.01 0.1%

The current 90-days correlation between MediaAlpha and Groupon is 0.35 (i.e., Weak diversification). The correlation of MediaAlpha 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.

MediaAlpha Correlation With Market

Pay attention - limited upside

The correlation between MediaAlpha and DJI is -0.76 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MediaAlpha and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with MediaAlpha Stock

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

For more information on how to buy MediaAlpha Stock please use our How to Invest in MediaAlpha guide.

Moving together with MediaAlpha Stock

0.83	BZ	Kanzhun Ltd ADR	Pair Corr
0.9	MH	McGraw Hill	Pair Corr
0.83	1PX	PHOENIX NEW MEDADR Earnings Call This Week	Pair Corr
0.92	2UA	Auto Trader Group	Pair Corr
0.87	AD1	Adneo	Pair Corr
0.82	TWH	Twilio Inc	Pair Corr
0.82	WBTN	WEBTOON Entertainment	Pair Corr
0.67	3ZD	ZOOMD TECHNOLOGIES LTD	Pair Corr
0.93	EVER	EverQuote Class A	Pair Corr
0.84	WSHP	WeShop Holdings	Pair Corr
0.77	FENG	Phoenix New Media	Pair Corr
0.89	639	Spotify Technology	Pair Corr
0.86	DUO	Fangdd Network Group	Pair Corr
0.89	GTM	ZoomInfo Technologies Symbol Change	Pair Corr
0.73	IPM	Intelligent Protection	Pair Corr
0.85	1SI	Snap Inc	Pair Corr
0.86	Y9L	Yelp Inc	Pair Corr
0.78	RUM	Rumble Inc	Pair Corr
0.85	SLE	Super League Enterprise	Pair Corr
0.67	SST	System1	Pair Corr

Moving against MediaAlpha Stock

0.83	LOCAL	Solocal Group SA	Pair Corr
0.78	DHX	DHI Group	Pair Corr
0.56	PU11	Social Chain	Pair Corr
0.51	SY	So Young International	Pair Corr
0.4	BILD	Builddirect Tehcnologies	Pair Corr
0.66	GITS	Global Interactive	Pair Corr
0.32	B1CB	Baidu Inc	Pair Corr

Related Correlations Analysis

	GRPN	EVER	FVRR	GETY	SSTK	ATHM	NXDR	SMWB	TBLA	QNST
GRPN		0.94	0.88	0.81	0.61	0.75	0.66	0.91	0.88	0.92	GRPN
EVER	0.94		0.92	0.9	0.73	0.76	0.74	0.95	0.88	0.92	EVER
FVRR	0.88	0.92		0.93	0.76	0.73	0.65	0.98	0.82	0.81	FVRR
GETY	0.81	0.9	0.93		0.87	0.75	0.61	0.93	0.8	0.81	GETY
SSTK	0.61	0.73	0.76	0.87		0.62	0.37	0.77	0.72	0.62	SSTK
ATHM	0.75	0.76	0.73	0.75	0.62		0.58	0.78	0.85	0.75	ATHM
NXDR	0.66	0.74	0.65	0.61	0.37	0.58		0.66	0.66	0.7	NXDR
SMWB	0.91	0.95	0.98	0.93	0.77	0.78	0.66		0.87	0.87	SMWB
TBLA	0.88	0.88	0.82	0.8	0.72	0.85	0.66	0.87		0.87	TBLA
QNST	0.92	0.92	0.81	0.81	0.62	0.75	0.7	0.87	0.87		QNST
	GRPN	EVER	FVRR	GETY	SSTK	ATHM	NXDR	SMWB	TBLA	QNST

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Risk-Adjusted Indicators

There is a big difference between MediaAlpha Stock performing well and MediaAlpha 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 MediaAlpha'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	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GRPN	2.36	(0.48)	(0.25)	0.00	0.00	4.70	(5.69)	15.68
EVER	2.30	(0.62)	1.20	0.00	0.00	4.30	(5.25)	19.55
FVRR	2.44	(0.98)	(0.50)	0.00	0.00	3.85	(7.36)	13.85
GETY	3.29	(0.82)	(0.31)	0.00	0.00	5.59	(10.84)	20.27
SSTK	2.36	(0.27)	0.36	0.00	0.00	4.17	(5.07)	17.96
ATHM	1.44	(0.34)	(0.42)	0.00	0.00	2.84	(3.91)	8.56
NXDR	3.08	(0.03)	0.02	3.82	(3.96)	8.06	(6.28)	40.31
SMWB	3.25	(1.42)	(7.81)	0.00	0.00	3.53	(8.60)	41.45
TBLA	1.73	(0.38)	(1.32)	0.00	0.00	3.73	(4.11)	10.32
QNST	2.09	(0.27)	(0.10)	0.00	0.00	4.87	(4.51)	24.02

MediaAlpha Corporate Management

Jeffrey Esq	General Secretary	Profile
David Lowe	Independent Director	Profile
Cathy Cunningham	Chief Officer	Profile
Kathy Vrabeck	Independent Chairman of the Board	Profile
Jeffrey Coyne	General Counsel, Secretary	Profile
Lara Sweet	Independent Director	Profile

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