Madison Square Correlations

MSGS Stock

USD 255.15 3.71 1.43%

The current 90-days correlation between Madison Square Garden and Nexstar Broadcasting Group is -0.06 (i.e., Good 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Madison Square Correlation With Market

Average diversification

The correlation between Madison Square Garden and DJI is 0.14 (i.e., Average 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.

Build AI portfolio with Madison Stock

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

0.87	TKO	TKO Group Holdings	Pair Corr
0.67	ROKU	Roku Inc	Pair Corr
0.77	LION	Lionsgate Studios Holding	Pair Corr
0.62	BROS	Dutch Bros	Pair Corr
0.66	MGCV	MGC Ventures	Pair Corr
0.62	DB	Deutsche Bank AG	Pair Corr
0.63	SIDU	Sidus Space Trending	Pair Corr

Moving against Madison Stock

0.7	300027	Huayi Brothers Media	Pair Corr
0.69	EMAN	Everyman Media Group	Pair Corr
0.67	600715	Cultural Investment	Pair Corr
0.63	NFLX	Netflix	Pair Corr
0.53	MGAM	Mobile Global Esports	Pair Corr
0.44	300528	Omnijoi Media Corp	Pair Corr
0.41	MATH	Metalpha Technology	Pair Corr
0.4	TME	Tencent Music Entert	Pair Corr
0.37	603721	TVZone Media	Pair Corr
0.32	GAME	GameSquare Holdings	Pair Corr
0.61	KG	Kestrel Group Symbol Change	Pair Corr
0.61	NMRD	Nemaura Medical	Pair Corr

Related Correlations Analysis

	NXST	GSAT	WPP	TKC	SIRI	MANU	QMMM	AD	BATRA	SPHR
NXST		0.31	0.45	0.31	-0.06	-0.23	0.0	0.72	0.42	0.48	NXST
GSAT	0.31		-0.36	-0.2	-0.09	-0.68	0.0	0.09	-0.16	0.78	GSAT
WPP	0.45	-0.36		0.32	-0.13	0.54	0.0	0.52	0.39	-0.17	WPP
TKC	0.31	-0.2	0.32		0.46	0.15	0.0	0.2	0.34	-0.19	TKC
SIRI	-0.06	-0.09	-0.13	0.46		0.02	0.0	-0.22	0.28	-0.34	SIRI
MANU	-0.23	-0.68	0.54	0.15	0.02		0.0	0.17	0.06	-0.54	MANU
QMMM	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	QMMM
AD	0.72	0.09	0.52	0.2	-0.22	0.17	0.0		0.13	0.37	AD
BATRA	0.42	-0.16	0.39	0.34	0.28	0.06	0.0	0.13		-0.14	BATRA
SPHR	0.48	0.78	-0.17	-0.19	-0.34	-0.54	0.0	0.37	-0.14		SPHR
	NXST	GSAT	WPP	TKC	SIRI	MANU	QMMM	AD	BATRA	SPHR

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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

SPHR	+ 0.78	GSAT
AD	+ 0.72	NXST
MANU	+ 0.54	WPP
AD	+ 0.52	WPP
SPHR	+ 0.48	NXST
SIRI	+ 0.46	TKC

High negative correlations

MANU	- 0.68	GSAT
SPHR	- 0.54	MANU
WPP	- 0.36	GSAT
SPHR	- 0.34	SIRI
MANU	- 0.23	NXST
AD	- 0.22	SIRI

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
NXST	1.36	0.05	0.03	0.12	1.50	(1.40)	2.94	(2.52)	7.04
GSAT	3.96	0.73	0.14	4.74	4.09	(4.47)	7.44	(7.41)	32.90
WPP	2.34	0.04	(0.01)	(0.13)	4.17	(2.14)	5.16	(4.82)	20.66
TKC	1.20	(0.09)	0.00	(1.01)	0.00	0.00	2.59	(2.56)	7.82
SIRI	1.58	(0.10)	0.00	(0.85)	0.00	0.00	2.64	(2.55)	16.56
MANU	1.39	0.12	0.01	(0.22)	1.51	(1.67)	2.53	(2.41)	11.74
QMMM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AD	1.07	0.07	0.03	0.17	1.57	(0.99)	1.97	(2.79)	5.46
BATRA	0.63	(0.05)	0.00	4.79	0.00	0.00	1.12	(1.55)	3.65
SPHR	2.10	0.49	0.25	0.39	1.81	(2.60)	4.94	(3.28)	11.26

Madison Square Corporate Management

Sandra Kapell	Chief VP	Profile
Brian Sweeney	Director	Profile
Ari CFA	Senior Treasury	Profile
Philip DAmbrosio	Senior Vice President Treasurer	Profile
Anthony Vinciquerra	Independent Director	Profile

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