Marchex Correlations

MCHX Stock

USD 1.96 0.03 1.55%

The current 90-days correlation between Marchex and Townsquare Media is 0.08 (i.e., Significant 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

Significant diversification

The correlation between Marchex and DJI is 0.07 (i.e., Significant 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.

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

0.69	PSO	Pearson PLC ADR	Pair Corr
0.78	NCTY	The9 Ltd ADR	Pair Corr
0.7	WB	Weibo Corp	Pair Corr

Moving against Marchex Stock

0.68	TOON	Kartoon Studios,	Pair Corr
0.59	CMCSA	Comcast Corp	Pair Corr
0.45	TV	Grupo Televisa SAB	Pair Corr
0.39	CHTR	Charter Communications Earnings Call Tomorrow	Pair Corr
0.35	NXST	Nexstar Broadcasting	Pair Corr
0.32	IAS	Integral Ad Science	Pair Corr
0.31	WMG	Warner Music Group Earnings Call This Week	Pair Corr
0.48	ADD	Color Star Technology	Pair Corr
0.39	BATRA	Atlanta Braves Holdings,	Pair Corr
0.36	BATRK	Atlanta Braves Holdings,	Pair Corr
0.35	FLNT	Fluent Inc	Pair Corr
0.34	AMC	AMC Entertainment	Pair Corr
0.31	TU	Telus Corp Earnings Call Next Week	Pair Corr
0.31	FENG	Phoenix New Media	Pair Corr

Related Correlations Analysis

	EVC	DRCT	CMPR	TSQ	CYPXF	INEOF	KDOZF	SNIPF	MMDDF	QNST
EVC		0.01	0.3	0.19	0.0	-0.36	-0.08	-0.08	-0.4	-0.17	EVC
DRCT	0.01		-0.19	-0.09	0.0	-0.14	0.07	-0.27	0.11	0.06	DRCT
CMPR	0.3	-0.19		0.81	0.0	-0.53	-0.13	-0.07	-0.13	-0.07	CMPR
TSQ	0.19	-0.09	0.81		0.0	-0.69	-0.11	-0.02	-0.04	-0.15	TSQ
CYPXF	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	CYPXF
INEOF	-0.36	-0.14	-0.53	-0.69	0.0		0.19	0.01	0.08	0.24	INEOF
KDOZF	-0.08	0.07	-0.13	-0.11	0.0	0.19		0.06	-0.35	-0.13	KDOZF
SNIPF	-0.08	-0.27	-0.07	-0.02	0.0	0.01	0.06		-0.38	0.2	SNIPF
MMDDF	-0.4	0.11	-0.13	-0.04	0.0	0.08	-0.35	-0.38		0.03	MMDDF
QNST	-0.17	0.06	-0.07	-0.15	0.0	0.24	-0.13	0.2	0.03		QNST
	EVC	DRCT	CMPR	TSQ	CYPXF	INEOF	KDOZF	SNIPF	MMDDF	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

TSQ	+ 0.81	CMPR
CMPR	+ 0.3	EVC
QNST	+ 0.24	INEOF
QNST	+ 0.2	SNIPF
TSQ	+ 0.19	EVC
KDOZF	+ 0.19	INEOF

High negative correlations

INEOF	- 0.69	TSQ
INEOF	- 0.53	CMPR
MMDDF	- 0.4	EVC
MMDDF	- 0.38	SNIPF
INEOF	- 0.36	EVC
MMDDF	- 0.35	KDOZF

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
EVC	2.98	0.08	0.00	(2.92)	3.87	(3.40)	7.11	(7.57)	27.22
DRCT	30.83	9.10	0.85	0.64	10.17	(59.96)	10.48	(18.87)	932.55
CMPR	1.89	(0.08)	(0.04)	0.00	2.32	(1.90)	3.77	(3.83)	9.83
TSQ	1.53	(0.15)	0.00	(0.15)	0.00	0.00	3.50	(3.12)	9.99
CYPXF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
INEOF	4.82	0.40	0.03	0.21	8.03	(25.23)	29.78	(9.68)	67.79
KDOZF	17.18	4.49	0.00	6.02	0.00	0.00	44.44	(50.00)	274.67
SNIPF	5.49	0.94	0.15	(2.37)	4.98	(7.61)	13.48	(7.89)	43.84
MMDDF	2.18	(0.83)	0.00	0.33	0.00	0.00	0.00	0.00	49.21
QNST	2.16	0.28	0.11	0.36	2.34	(2.47)	5.54	(3.80)	13.28

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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