Marcus Correlations

MCS Stock

USD 21.82 0.13 0.60%

The current 90-days correlation between Marcus and Reservoir Media is -0.06 (i.e., Good diversification). The correlation of Marcus 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.

Marcus Correlation With Market

Modest diversification

The correlation between Marcus and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Marcus 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 Marcus. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

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

Moving together with Marcus Stock

0.81	DIS	Walt Disney Aggressive Push	Pair Corr
0.93	EVC	Entravision Communications	Pair Corr
0.78	WPP	WPP PLC ADR	Pair Corr
0.81	QNST	QuinStreet	Pair Corr
0.87	LBRDA	Liberty Broadband Srs	Pair Corr
0.88	LBRDK	Liberty Broadband Srs	Pair Corr
0.83	CABO	Cable One	Pair Corr
0.87	TZOO	Travelzoo	Pair Corr
0.71	T	ATT Inc Aggressive Push	Pair Corr
0.71	Z	Zillow Group Class	Pair Corr
0.83	EA	Electronic Arts	Pair Corr
0.7	ZG	Zillow Group	Pair Corr

Moving against Marcus Stock

0.8	IPG	Interpublic Group	Pair Corr
0.8	CRTO	Criteo Sa	Pair Corr
0.78	KUKE	Kuke Music Holding	Pair Corr
0.67	LILAK	Liberty Latin America	Pair Corr
0.52	MSGE	Madison Square Garden	Pair Corr
0.47	MCHX	Marchex	Pair Corr
0.43	DRCT	Direct Digital Holdings	Pair Corr
0.42	ADV	Advantage Solutions	Pair Corr
0.41	EEX	Emerald Expositions	Pair Corr
0.39	SPHR	Sphere Entertainment	Pair Corr
0.93	TC	TuanChe ADR	Pair Corr
0.74	AMX	America Movil SAB	Pair Corr
0.7	DLPN	Dolphin Entertainment	Pair Corr
0.67	TU	Telus Corp	Pair Corr
0.67	EVER	EverQuote Class A	Pair Corr
0.61	WWRL	World Wireless Commu	Pair Corr
0.61	ADD	Color Star Technology Downward Rally	Pair Corr
0.6	FENG	Phoenix New Media	Pair Corr

Related Correlations Analysis

	NWSA	FWONA	WMG	FOX	RDI	RSVR	GAIA	NWS	RDIB	LVO
NWSA		0.52	0.33	0.77	-0.38	0.4	0.35	0.96	-0.1	0.1	NWSA
FWONA	0.52		0.82	0.76	-0.71	0.84	0.77	0.67	-0.65	-0.57	FWONA
WMG	0.33	0.82		0.77	-0.83	0.82	0.74	0.54	-0.83	-0.83	WMG
FOX	0.77	0.76	0.77		-0.74	0.7	0.7	0.89	-0.62	-0.47	FOX
RDI	-0.38	-0.71	-0.83	-0.74		-0.71	-0.72	-0.57	0.79	0.74	RDI
RSVR	0.4	0.84	0.82	0.7	-0.71		0.79	0.56	-0.71	-0.71	RSVR
GAIA	0.35	0.77	0.74	0.7	-0.72	0.79		0.55	-0.74	-0.62	GAIA
NWS	0.96	0.67	0.54	0.89	-0.57	0.56	0.55		-0.32	-0.13	NWS
RDIB	-0.1	-0.65	-0.83	-0.62	0.79	-0.71	-0.74	-0.32		0.89	RDIB
LVO	0.1	-0.57	-0.83	-0.47	0.74	-0.71	-0.62	-0.13	0.89		LVO
	NWSA	FWONA	WMG	FOX	RDI	RSVR	GAIA	NWS	RDIB	LVO

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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

NWS	+ 0.96	NWSA
NWS	+ 0.89	FOX
LVO	+ 0.89	RDIB
RSVR	+ 0.84	FWONA
WMG	+ 0.82	FWONA
RSVR	+ 0.82	WMG

High negative correlations

LVO	- 0.83	WMG
RDIB	- 0.83	WMG
RDI	- 0.83	WMG
RDIB	- 0.74	GAIA
RDI	- 0.74	FOX
GAIA	- 0.72	RDI

Risk-Adjusted Indicators

There is a big difference between Marcus Stock performing well and Marcus 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 Marcus' 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
NWSA	0.87	0.02	0.01	0.11	1.24	(0.89)	1.73	(1.68)	6.51
FWONA	1.11	0.01	0.01	0.10	1.43	(1.13)	2.10	(1.79)	8.37
WMG	0.75	0.19	0.15	0.55	0.77	(0.89)	1.70	(1.34)	6.01
FOX	0.88	0.19	0.16	0.41	0.75	(1.06)	2.71	(1.15)	7.28
RDI	2.85	(0.43)	0.00	(0.78)	0.00	0.00	5.99	(6.67)	25.78
RSVR	1.69	0.15	0.09	0.18	2.10	(1.85)	3.87	(3.81)	9.49
GAIA	2.29	0.64	0.25	0.95	1.86	(2.73)	7.47	(3.47)	14.33
NWS	0.90	0.09	0.06	0.19	1.14	(0.99)	1.77	(1.64)	6.61
RDIB	4.21	(0.65)	0.00	(1.05)	0.00	0.00	7.76	(8.62)	37.87
LVO	5.03	(1.41)	0.00	(0.17)	0.00	0.00	11.59	(9.20)	34.91

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