Madison Square Correlations
| MS8 Stock | EUR 218.00 2.00 0.91% |
The current 90-days correlation between Madison Square Garden and NMI Holdings is 0.24 (i.e., Modest diversification). The correlation of Madison Square 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.
Madison Square Correlation With Market
Good diversification
The correlation between Madison Square Garden and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Madison Square Garden and DJI in the same portfolio, assuming nothing else is changed.
Madison |
The ability to find closely correlated positions to Madison Square could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Madison Square 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 Madison Square - 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 Madison Square Garden to buy it.
Moving together with Madison Stock
| 0.94 | PCE1 | Booking Holdings | PairCorr |
| 0.65 | OLL | Oriental Land | PairCorr |
| 0.77 | CLV | Trip Group Limited | PairCorr |
| 0.96 | RC8 | Royal Caribbean Group | PairCorr |
| 0.95 | E3X1 | Expedia Group | PairCorr |
| 0.94 | CVC1 | Carnival plc | PairCorr |
| 0.76 | SK3 | Smurfit Kappa Group | PairCorr |
Moving against Madison Stock
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
|
Risk-Adjusted Indicators
There is a big difference between Madison Stock performing well and Madison Square 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 Madison Square'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 8SP | 2.06 | (0.09) | 0.00 | 0.29 | 0.00 | 3.36 | 20.22 | |||
| 6NM | 1.25 | 0.14 | (0.01) | (0.31) | 1.76 | 2.89 | 9.64 | |||
| 2DG | 4.16 | (1.30) | 0.00 | (2.09) | 0.00 | 7.14 | 52.42 | |||
| TLX | 0.97 | 0.04 | (0.06) | 23.18 | 1.13 | 2.67 | 7.58 | |||
| 2GB | 1.82 | 0.02 | (0.02) | 0.16 | 2.20 | 4.28 | 13.78 | |||
| INVN | 2.12 | 0.30 | 0.06 | (1.50) | 2.38 | 5.61 | 14.01 | |||
| IUI1 | 1.27 | 0.23 | 0.12 | 0.83 | 1.06 | 3.28 | 10.30 | |||
| INL | 2.51 | 0.19 | 0.11 | 0.22 | 2.31 | 6.80 | 13.89 | |||
| RS6 | 1.39 | 0.24 | 0.10 | 0.67 | 1.38 | 2.94 | 13.51 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Madison Square without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Pair Correlation Now
Pair CorrelationCompare performance and examine fundamental relationship between any two equity instruments |
| All Next | Launch Module |
Madison Square Corporate Management
Elected by the shareholders, the Madison Square's board of directors comprises two types of representatives: Madison Square inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Madison. The board's role is to monitor Madison Square's management team and ensure that shareholders' interests are well served. Madison Square's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Madison Square's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Sandra Kapell | Chief VP | Profile | |
| Ari CFA | VP Treasury | Profile | |
| Andrew Lustgarten | Chief Officer | Profile | |
| Deirdre Latour | Ex Officer | Profile | |
| Jamaal Lesane | Exec Counsel | Profile | |
| Justin Johnson | VP | Profile |