Madison Square Correlations

MSGE Stock

USD 37.87 0.30 0.79%

The current 90-days correlation between Madison Square Garden and Madison Square Garden is 0.39 (i.e., Weak 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

Significant diversification

The correlation between Madison Square Garden 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 Madison Square Garden 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 Madison Square Garden. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Madison Stock

0.64	TV	Grupo Televisa SAB Earnings Call This Week	Pair Corr
0.62	BOC	Boston Omaha Corp	Pair Corr

Moving against Madison Stock

0.37	WIMI	WiMi Hologram Cloud	Pair Corr
0.35	WBD	Warner Bros Discovery Earnings Call This Week	Pair Corr
0.31	EVC	Entravision Communications	Pair Corr

Related Correlations Analysis

	MSGS	GHC	BATRA	LYV	BATRK
MSGS		0.05	-0.18	-0.41	0.34	MSGS
GHC	0.05		0.82	0.46	0.82	GHC
BATRA	-0.18	0.82		0.64	0.8	BATRA
LYV	-0.41	0.46	0.64		0.26	LYV
BATRK	0.34	0.82	0.8	0.26		BATRK
	MSGS	GHC	BATRA	LYV	BATRK

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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

BATRA	+ 0.82	GHC
BATRK	+ 0.82	GHC
BATRK	+ 0.8	BATRA
LYV	+ 0.64	BATRA
LYV	+ 0.46	GHC
BATRK	+ 0.34	MSGS

High negative correlations

LYV	- 0.41	MSGS
BATRA	- 0.18	MSGS

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
MSGS	0.88	(0.11)	0.00	(0.34)	0.00	0.00	1.45	(2.24)	6.74
GHC	1.12	0.00	0.00	0.00	1.38	(1.29)	2.21	(2.36)	6.42
BATRA	0.87	0.03	0.03	0.09	1.05	(0.94)	1.63	(1.98)	4.41
LYV	0.96	0.34	0.26	0.63	0.84	(1.05)	1.98	(1.51)	8.56
BATRK	0.96	(0.03)	0.00	(0.11)	0.00	0.00	1.80	(2.14)	4.81

Madison Square Corporate Management

Sandra Kapell	Exec Officer	Profile
Brian Sweeney	Director	Profile
Ari CFA	Financial Relations	Profile
Andrew Lustgarten	President	Profile
Joseph Yospe	Senior Vice President Principal Accounting Officer, Controller	Profile
Matthew Blank	Independent Director	Profile
Scott Packman	Executive Vice President General Counsel	Profile

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