MediaAlpha Correlations

MAX Stock

USD 7.67 0.77 9.12%

The current 90-days correlation between MediaAlpha and Groupon is 0.53 (i.e., Very 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

Excellent diversification

The correlation between MediaAlpha and DJI is -0.57 (i.e., Excellent 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

0.61	WBTN	WEBTOON Entertainment	Pair Corr
0.95	EVER	EverQuote Class A	Pair Corr
0.69	GETY	Getty Images Holdings	Pair Corr
0.86	IZEA	IZEA Inc	Pair Corr
0.73	AUTO	Auto Trader Group	Pair Corr
0.75	QNST	QuinStreet	Pair Corr
0.89	TZOO	Travelzoo	Pair Corr

Moving against MediaAlpha Stock

0.92	SHO	Sportshero	Pair Corr
0.47	GOOG	Alphabet CDR	Pair Corr
0.44	DAR	Darelle Online Solutions	Pair Corr
0.33	META	Meta Platforms	Pair Corr
0.82	OBYCF	Obayashi	Pair Corr
0.78	SECVY	Seche Environnement	Pair Corr
0.76	RILYL	B Riley Financial	Pair Corr
0.66	NFG	National Fuel Gas	Pair Corr
0.63	BIMT	Bitmis Corp	Pair Corr
0.46	BNKHF	BOC Hong Kong	Pair Corr

Related Correlations Analysis

	GRPN	EVER	FVRR	GETY	SSTK	ATHM	NXDR	SMWB	TBLA	QNST
GRPN		0.83	0.79	0.65	0.45	0.68	0.13	0.85	0.56	0.71	GRPN
EVER	0.83		0.77	0.56	0.18	0.52	0.43	0.84	0.64	0.86	EVER
FVRR	0.79	0.77		0.76	0.45	0.4	0.07	0.93	0.28	0.47	FVRR
GETY	0.65	0.56	0.76		0.79	0.57	-0.15	0.8	0.01	0.33	GETY
SSTK	0.45	0.18	0.45	0.79		0.52	-0.43	0.47	-0.07	0.08	SSTK
ATHM	0.68	0.52	0.4	0.57	0.52		0.06	0.54	0.44	0.55	ATHM
NXDR	0.13	0.43	0.07	-0.15	-0.43	0.06		0.09	0.45	0.49	NXDR
SMWB	0.85	0.84	0.93	0.8	0.47	0.54	0.09		0.38	0.62	SMWB
TBLA	0.56	0.64	0.28	0.01	-0.07	0.44	0.45	0.38		0.71	TBLA
QNST	0.71	0.86	0.47	0.33	0.08	0.55	0.49	0.62	0.71		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

SMWB	+ 0.93	FVRR
QNST	+ 0.86	EVER
SMWB	+ 0.85	GRPN
SMWB	+ 0.84	EVER
EVER	+ 0.83	GRPN
SMWB	+ 0.8	GETY

High negative correlations

NXDR	- 0.43	SSTK
NXDR	- 0.15	GETY
TBLA	- 0.07	SSTK

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	2.46	(0.81)	(0.38)	0.00	0.00	4.62	(5.69)	13.16
EVER	2.25	(0.84)	(0.56)	0.00	0.00	4.15	(5.25)	19.99
FVRR	1.85	(0.59)	(0.37)	0.00	0.00	3.22	(5.03)	11.60
GETY	2.64	(0.95)	(0.35)	0.00	0.00	5.59	(7.35)	18.86
SSTK	2.27	(0.44)	(0.14)	0.00	0.00	4.44	(4.66)	13.22
ATHM	1.47	(0.19)	(0.23)	0.00	0.00	2.90	(3.43)	7.71
NXDR	3.08	(0.10)	0.05	3.77	(4.01)	8.06	(6.28)	40.31
SMWB	2.60	(1.12)	(0.80)	0.00	0.00	3.90	(7.77)	17.88
TBLA	1.52	(0.20)	(0.25)	0.00	0.00	3.33	(3.70)	15.34
QNST	1.99	(0.52)	(0.17)	0.00	0.00	4.64	(4.08)	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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