Mediaco Holding Correlations

MDIA Stock

USD 1.08 0.01 0.93%

The current 90-days correlation between Mediaco Holding and Saga Communications is 0.05 (i.e., Significant diversification). The correlation of Mediaco Holding 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.

Mediaco Holding Correlation With Market

Significant diversification

The correlation between Mediaco Holding and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mediaco Holding 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 Mediaco Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

For information on how to trade Mediaco Stock refer to our How to Trade Mediaco Stock guide.

Moving together with Mediaco Stock

0.64	VZ	Verizon Communications Fiscal Year End 28th of January 2025	Pair Corr
0.66	DLPN	Dolphin Entertainment	Pair Corr

Moving against Mediaco Stock

0.49	MCS	Marcus	Pair Corr
0.46	AMCX	AMC Networks	Pair Corr
0.43	OB	Outbrain	Pair Corr
0.42	NFLX	Netflix Fiscal Year End 28th of January 2025	Pair Corr
0.41	LYV	Live Nation Entertainment	Pair Corr
0.41	WBD	Warner Bros Discovery	Pair Corr
0.41	IMAX	Imax Corp	Pair Corr
0.33	DIS	Walt Disney	Pair Corr
0.32	EDR	Endeavor Group Holdings	Pair Corr
0.53	VEON	VEON	Pair Corr
0.51	DOYU	DouYu International Trending	Pair Corr
0.45	YY	YY Inc Class	Pair Corr
0.37	ZD	Ziff Davis	Pair Corr

Related Correlations Analysis

	SALM	SGA	PBSFY	CMLS	BBGI	RGLXY	EMMS	ITVPY	ITVPF	AZTEF
SALM		0.79	0.68	0.81	0.73	0.28	0.32	0.48	0.66	0.24	SALM
SGA	0.79		0.77	0.83	0.82	0.24	0.45	0.54	0.67	0.34	SGA
PBSFY	0.68	0.77		0.85	0.85	0.36	0.25	0.74	0.56	0.15	PBSFY
CMLS	0.81	0.83	0.85		0.91	0.4	0.23	0.65	0.62	0.25	CMLS
BBGI	0.73	0.82	0.85	0.91		0.37	0.17	0.74	0.57	0.12	BBGI
RGLXY	0.28	0.24	0.36	0.4	0.37		-0.25	0.16	0.38	0.04	RGLXY
EMMS	0.32	0.45	0.25	0.23	0.17	-0.25		0.01	0.35	0.59	EMMS
ITVPY	0.48	0.54	0.74	0.65	0.74	0.16	0.01		0.03	0.01	ITVPY
ITVPF	0.66	0.67	0.56	0.62	0.57	0.38	0.35	0.03		0.32	ITVPF
AZTEF	0.24	0.34	0.15	0.25	0.12	0.04	0.59	0.01	0.32		AZTEF
	SALM	SGA	PBSFY	CMLS	BBGI	RGLXY	EMMS	ITVPY	ITVPF	AZTEF

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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

BBGI	+ 0.91	CMLS
CMLS	+ 0.85	PBSFY
BBGI	+ 0.85	PBSFY
CMLS	+ 0.83	SGA
BBGI	+ 0.82	SGA
CMLS	+ 0.81	SALM

High negative correlations

EMMS

- 0.25

RGLXY

Risk-Adjusted Indicators

There is a big difference between Mediaco Stock performing well and Mediaco Holding 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 Mediaco Holding'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
SALM	1.95	(0.11)	0.00	(0.49)	0.00	0.00	4.26	(5.05)	12.48
SGA	1.71	(0.26)	0.00	(0.66)	0.00	0.00	3.44	(3.94)	9.97
PBSFY	1.89	(0.39)	0.00	1.40	0.00	0.00	4.03	(5.34)	16.73
CMLS	3.85	(0.58)	0.00	(0.79)	0.00	0.00	8.54	(9.52)	26.16
BBGI	3.64	(0.50)	0.00	0.57	0.00	0.00	8.82	(9.21)	25.52
RGLXY	2.02	0.16	0.01	0.75	3.88	(9.71)	2.52	(5.66)	53.38
EMMS	2.65	0.16	0.00	(0.09)	0.00	0.00	6.33	(2.50)	28.95
ITVPY	1.52	(0.18)	0.00	(1.17)	0.00	0.00	3.68	(2.51)	16.55
ITVPF	0.62	(0.22)	0.00	0.70	0.00	0.00	0.00	0.00	21.84
AZTEF	1.49	0.76	0.00	(1.17)	0.00	0.00	0.00	0.00	50.00

Mediaco Holding Corporate Management

Chris Squire	SVP WBLS	Profile
Alex Roman	Chief Officer	Profile
Bradford Tobin	President, COO	Profile
RahsanRahsan Lindsay	CEO Director	Profile
Brian Kei	Chief Officer	Profile

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