MediaAlpha Correlations

MAX Stock

USD 13.03 0.25 1.96%

The current 90-days correlation between MediaAlpha and Groupon is 0.28 (i.e., Modest 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

Weak diversification

The correlation between MediaAlpha and DJI is 0.35 (i.e., Weak diversification) 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

0.77	BILD	Builddirect Tehcnologies	Pair Corr
0.77	EVER	EverQuote Class A	Pair Corr
0.71	GOOG	Alphabet Class C Sell-off Trend	Pair Corr

Moving against MediaAlpha Stock

0.71	DUO	Fangdd Network Group	Pair Corr
0.66	FENG	Phoenix New Media	Pair Corr
0.56	BZ	Kanzhun Ltd ADR	Pair Corr
0.56	IPM	Intelligent Protection Symbol Change	Pair Corr
0.51	WB	Weibo Corp	Pair Corr
0.51	YQ	17 Education Technology	Pair Corr
0.46	DHX	DHI Group	Pair Corr
0.44	WBTN	WEBTOON Entertainment	Pair Corr
0.8	SLE	Super League Enterprise	Pair Corr
0.69	GETY	Getty Images Holdings	Pair Corr
0.66	GITS	Global Interactive	Pair Corr
0.66	300494	Hubei Century Network	Pair Corr
0.65	META	Meta Platforms CDR	Pair Corr
0.63	FDV	Frontier Digital Ventures	Pair Corr
0.62	SST	System1	Pair Corr
0.52	MNYWW	MoneyHero Limited	Pair Corr
0.45	YELP	Yelp Inc	Pair Corr
0.35	RUM	Rumble Inc	Pair Corr
0.34	GIFT	RDE, Inc	Pair Corr

Related Correlations Analysis

	GRPN	EVER	FVRR	GETY	SSTK	ATHM	NXDR	SMWB	TBLA	QNST
GRPN		-0.71	0.59	0.86	0.6	0.93	0.16	0.91	-0.78	0.5	GRPN
EVER	-0.71		-0.65	-0.86	-0.89	-0.72	0.08	-0.72	0.85	-0.15	EVER
FVRR	0.59	-0.65		0.74	0.67	0.57	0.02	0.59	-0.65	0.48	FVRR
GETY	0.86	-0.86	0.74		0.8	0.89	0.1	0.9	-0.92	0.35	GETY
SSTK	0.6	-0.89	0.67	0.8		0.6	-0.14	0.65	-0.73	0.14	SSTK
ATHM	0.93	-0.72	0.57	0.89	0.6		0.19	0.92	-0.83	0.4	ATHM
NXDR	0.16	0.08	0.02	0.1	-0.14	0.19		0.09	-0.11	0.49	NXDR
SMWB	0.91	-0.72	0.59	0.9	0.65	0.92	0.09		-0.79	0.41	SMWB
TBLA	-0.78	0.85	-0.65	-0.92	-0.73	-0.83	-0.11	-0.79		-0.29	TBLA
QNST	0.5	-0.15	0.48	0.35	0.14	0.4	0.49	0.41	-0.29		QNST
	GRPN	EVER	FVRR	GETY	SSTK	ATHM	NXDR	SMWB	TBLA	QNST

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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

ATHM	+ 0.93	GRPN
SMWB	+ 0.92	ATHM
SMWB	+ 0.91	GRPN
SMWB	+ 0.9	GETY
ATHM	+ 0.89	GETY
GETY	+ 0.86	GRPN

High negative correlations

TBLA	- 0.92	GETY
SSTK	- 0.89	EVER
GETY	- 0.86	EVER
TBLA	- 0.83	ATHM
TBLA	- 0.79	SMWB
TBLA	- 0.78	GRPN

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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GRPN	2.90	(0.50)	0.00	(0.12)	0.00	0.00	5.13	(7.67)	18.61
EVER	1.91	0.18	0.06	0.52	2.05	(1.96)	4.31	(3.22)	12.23
FVRR	1.77	(0.35)	0.00	(0.20)	0.00	0.00	2.61	(3.43)	10.84
GETY	3.27	(0.80)	0.00	(0.31)	0.00	0.00	7.09	(7.35)	22.29
SSTK	2.67	(0.27)	0.00	(0.04)	0.00	0.00	6.03	(4.66)	20.80
ATHM	1.24	(0.36)	0.00	(0.41)	0.00	0.00	1.82	(3.06)	6.79
NXDR	3.14	(0.01)	0.02	0.07	3.71	(4.00)	8.06	(5.73)	40.31
SMWB	2.27	(0.49)	0.00	(0.22)	0.00	0.00	3.90	(6.12)	14.34
TBLA	1.89	0.33	0.17	0.39	1.59	(2.48)	3.94	(2.83)	15.48
QNST	1.75	(0.20)	0.00	(0.06)	0.00	0.00	4.50	(3.37)	12.47

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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