MultiChoice Correlations
The correlation of MultiChoice 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.
MultiChoice Correlation With Market
Very good diversification
The correlation between MultiChoice Group and DJI is -0.24 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MultiChoice Group and DJI in the same portfolio, assuming nothing else is changed.
MultiChoice |
The ability to find closely correlated positions to MultiChoice could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MultiChoice when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back MultiChoice - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling MultiChoice Group to buy it.
Moving together with MultiChoice Pink Sheet
| 0.67 | UNVGY | Universal Music Group | PairCorr |
| 0.67 | UMGNF | Universal Music Group Earnings Call This Week | PairCorr |
Moving against MultiChoice Pink Sheet
| 0.61 | TSM | Taiwan Semiconductor | PairCorr |
| 0.54 | LYV | Live Nation Entertainment | PairCorr |
| 0.51 | BMYMP | Bristol Myers Squibb | PairCorr |
| 0.47 | NINTF | Ninety One Group | PairCorr |
| 0.62 | AEMMY | A2A SpA ADR | PairCorr |
| 0.59 | JNJ | Johnson Johnson | PairCorr |
| 0.58 | RRX | Regal Beloit | PairCorr |
| 0.53 | LNN | Lindsay | PairCorr |
| 0.49 | GFR | Greenfire Resources | PairCorr |
| 0.48 | BNL | Broadstone Net Lease Sell-off Trend | PairCorr |
| 0.47 | MGDDF | Compagnie Gnrale des | PairCorr |
| 0.46 | ESTA | Establishment Labs Earnings Call This Week | PairCorr |
| 0.46 | SNPMF | China Petroleum Chemical | PairCorr |
| 0.43 | GBOOY | Grupo Financiero Banorte | PairCorr |
| 0.42 | MSGE | Madison Square Garden | PairCorr |
| 0.37 | XYIGY | Xinyi Glass Holdings | PairCorr |
| 0.33 | TVFCF | Télévision Française | PairCorr |
| 0.7 | ACNE | Alice Consolidated Mines | PairCorr |
| 0.62 | OTSKY | Otsuka Holdings | PairCorr |
| 0.61 | CENT | Central Garden Pet | PairCorr |
| 0.6 | SJM | J M Earnings Call This Week | PairCorr |
| 0.56 | PRA | ProAssurance | PairCorr |
| 0.52 | CRNZF | Cairn Energy PLC | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between MultiChoice Pink Sheet performing well and MultiChoice 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 MultiChoice'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CYFWF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TRKNF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| HKUOY | 0.60 | 0.08 | (0.01) | (0.05) | 1.37 | 1.01 | 15.26 | |||
| GMOYF | 0.58 | 0.01 | 0.00 | 0.03 | 0.00 | 0.00 | 13.92 | |||
| BATRA | 0.80 | 0.14 | 0.10 | 0.40 | 0.65 | 2.09 | 6.07 | |||
| SPKKY | 0.84 | 0.06 | 0.01 | 0.25 | 0.93 | 1.70 | 4.14 | |||
| TKOBF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BGAOY | 1.96 | 0.18 | 0.01 | (1.42) | 3.07 | 6.21 | 15.33 | |||
| NZTCF | 3.63 | 0.13 | 0.01 | 0.55 | 5.11 | 15.89 | 50.76 | |||
| SMNUF | 0.63 | (0.36) | 0.00 | (0.83) | 0.00 | 0.00 | 21.05 |
MultiChoice Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with MultiChoice pink sheet to make a market-neutral strategy. Peer analysis of MultiChoice could also be used in its relative valuation, which is a method of valuing MultiChoice by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
MultiChoice Corporate Management
| Clement OReilly | Group HR | Profile | |
| Morne BoschSerfontein | Chief Officer | Profile | |
| Vincent Maher | Group Digital | Profile | |
| Gerdus Eeden | Group Officer | Profile | |
| Yolisa Phahle | Chief Video | Profile | |
| Bradley Eliot | Group Officer | Profile | |
| Brandon LLB | Group Counsel | Profile |
Still Interested in MultiChoice Group?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.