Marchex Correlations

MCHX Stock

USD 1.57 0.01 0.64%

The current 90-days correlation between Marchex and Cheche Group Class is 0.37 (i.e., Weak diversification). The correlation of Marchex 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.

Marchex Correlation With Market

Poor diversification

The correlation between Marchex and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Marchex and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Marchex Stock

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

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

Moving together with Marchex Stock

0.61	HAO	Haoxi Health Technology	Pair Corr
0.62	YHC	LQR House Earnings Call This Week	Pair Corr
0.78	DKUPL	Dekuple	Pair Corr

Moving against Marchex Stock

0.59	XHLD	TEN Holdings Common	Pair Corr
0.55	RFX	Prismaflex International	Pair Corr
0.55	CHR	Cheer Holding	Pair Corr
0.52	EDHL	Everbright Digital	Pair Corr
0.62	EBQ	Ebiquity Plc	Pair Corr
0.46	MIRI	Mirriad Advertising PLC	Pair Corr
0.64	LZMH	LZ Technology Holdings	Pair Corr
0.63	NAH	NAHL Group PLC	Pair Corr

Related Correlations Analysis

	CCG	TZOO	SEAT	FNGR	CDLX	SGA	TSQ	ILLR	IZEA	NAMI
CCG		0.77	0.58	0.67	0.42	0.71	-0.72	0.74	0.91	0.37	CCG
TZOO	0.77		0.42	0.77	0.54	0.49	-0.82	0.61	0.9	0.7	TZOO
SEAT	0.58	0.42		0.23	0.49	0.61	-0.31	0.32	0.56	0.14	SEAT
FNGR	0.67	0.77	0.23		0.17	0.4	-0.61	0.73	0.7	0.64	FNGR
CDLX	0.42	0.54	0.49	0.17		0.19	-0.56	-0.04	0.6	0.42	CDLX
SGA	0.71	0.49	0.61	0.4	0.19		-0.48	0.53	0.65	0.15	SGA
TSQ	-0.72	-0.82	-0.31	-0.61	-0.56	-0.48		-0.4	-0.89	-0.54	TSQ
ILLR	0.74	0.61	0.32	0.73	-0.04	0.53	-0.4		0.6	0.34	ILLR
IZEA	0.91	0.9	0.56	0.7	0.6	0.65	-0.89	0.6		0.56	IZEA
NAMI	0.37	0.7	0.14	0.64	0.42	0.15	-0.54	0.34	0.56		NAMI
	CCG	TZOO	SEAT	FNGR	CDLX	SGA	TSQ	ILLR	IZEA	NAMI

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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

IZEA	+ 0.91	CCG
IZEA	+ 0.9	TZOO
TZOO	+ 0.77	CCG
FNGR	+ 0.77	TZOO
ILLR	+ 0.74	CCG
ILLR	+ 0.73	FNGR

High negative correlations

IZEA	- 0.89	TSQ
TSQ	- 0.82	TZOO
TSQ	- 0.72	CCG
TSQ	- 0.61	FNGR
TSQ	- 0.56	CDLX
NAMI	- 0.54	TSQ

Risk-Adjusted Indicators

There is a big difference between Marchex Stock performing well and Marchex 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 Marchex'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
CCG	1.67	(0.34)	0.00	(3.52)	0.00	0.00	4.26	(4.08)	10.03
TZOO	1.97	(0.51)	0.00	(0.37)	0.00	0.00	4.46	(3.76)	11.62
SEAT	3.70	(0.52)	0.00	(0.29)	0.00	0.00	6.61	(6.98)	22.35
FNGR	3.90	(0.32)	0.00	(0.11)	0.00	0.00	9.86	(7.38)	29.64
CDLX	4.51	(0.65)	0.00	(0.31)	0.00	0.00	10.71	(9.24)	25.07
SGA	1.05	(0.09)	0.00	(0.20)	0.00	0.00	2.51	(2.22)	9.37
TSQ	3.06	0.38	0.10	0.24	3.79	(3.25)	5.27	(4.76)	35.96
ILLR	16.68	2.59	0.12	0.38	21.42	(21.24)	36.59	(40.32)	215.00
IZEA	2.26	(0.65)	0.00	(0.64)	0.00	0.00	5.87	(4.25)	11.12
NAMI	5.33	(0.40)	0.00	(0.10)	0.00	0.00	11.86	(10.39)	57.29

Marchex Corporate Management

Trevor Caldwell	Senior Initiatives	Profile
Francis Feeney	Chief Secretary	Profile
Holly Aglio	Chief Officer	Profile
Lyall Vanatta	Vice Marketing	Profile
Michael CPA	Vice Officer	Profile

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