Reading International Correlations

RDI Stock

USD 1.09 0.03 2.83%

The current 90-days correlation between Reading International and LiveOne is 0.25 (i.e., Modest diversification). The correlation of Reading International 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.

Reading International Correlation With Market

Pay attention - limited upside

The correlation between Reading International and DJI is -0.71 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Reading International and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Reading Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Reading International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in small area income & poverty estimates.

For more detail on how to invest in Reading Stock please use our How to Invest in Reading International guide.

Moving together with Reading Stock

0.67	IQ	iQIYI Inc Earnings Call This Week	Pair Corr
0.82	DRCT	Direct Digital Holdings	Pair Corr
0.71	GDEVW	Nexters Warrant	Pair Corr
0.63	WIMI	WiMi Hologram Cloud	Pair Corr
0.71	WLYB	John Wiley Sons	Pair Corr
0.86	CX0	Cineplex	Pair Corr
0.88	AMC	AMC Entertainment	Pair Corr
0.61	CNK	Cinemark Holdings	Pair Corr
0.75	DDI	Doubledown Interactive	Pair Corr
0.64	KPSN	Kinepolis Group NV Earnings Call Today	Pair Corr

Moving against Reading Stock

0.87	32GA	Thunderbird Entertainment	Pair Corr
0.62	SCG	Sporting Clube de	Pair Corr
0.59	ALECP	Europacorp	Pair Corr
0.55	IMK	IMAX China Holding	Pair Corr
0.51	DIS	Walt Disney	Pair Corr
0.5	SJ	Scienjoy Holding Corp	Pair Corr
0.49	WDP0	THE WALT DISNEY	Pair Corr
0.48	DBOX	Digitalbox PLC	Pair Corr
0.47	BATRK	Atlanta Braves Holdings	Pair Corr
0.34	MJG1	Major Cineplex Group Earnings Call Today	Pair Corr
0.34	BATRA	Atlanta Braves Holdings Earnings Call This Week	Pair Corr
0.9	GMGT	Gaming Technologies	Pair Corr
0.79	TKO	TKO Group Holdings	Pair Corr
0.66	LYV	Live Nation Entertainment Earnings Call Today	Pair Corr
0.58	DIS	Walt Disney	Pair Corr
0.5	GTNA	Gray Television Earnings Call Tomorrow	Pair Corr
0.46	SEATW	Vivid Seats Warrant	Pair Corr
0.34	WMG	Warner Music Group Sell-off Trend	Pair Corr
0.32	WDP	Walt Disney	Pair Corr

Related Correlations Analysis

	LVO	NIPG	RSVR	TOON	CNVS	TC	MNY	ABLV	BREA	KORE
LVO		-0.11	0.46	0.21	0.37	0.44	0.2	0.55	0.04	-0.01	LVO
NIPG	-0.11		-0.59	-0.14	0.58	0.7	0.32	-0.29	0.85	-0.82	NIPG
RSVR	0.46	-0.59		0.29	-0.1	-0.21	0.11	0.33	-0.46	0.37	RSVR
TOON	0.21	-0.14	0.29		-0.18	-0.22	0.11	0.4	-0.46	0.01	TOON
CNVS	0.37	0.58	-0.1	-0.18		0.68	0.48	0.03	0.66	-0.52	CNVS
TC	0.44	0.7	-0.21	-0.22	0.68		0.34	0.17	0.82	-0.58	TC
MNY	0.2	0.32	0.11	0.11	0.48	0.34		0.27	0.34	-0.45	MNY
ABLV	0.55	-0.29	0.33	0.4	0.03	0.17	0.27		-0.21	0.09	ABLV
BREA	0.04	0.85	-0.46	-0.46	0.66	0.82	0.34	-0.21		-0.73	BREA
KORE	-0.01	-0.82	0.37	0.01	-0.52	-0.58	-0.45	0.09	-0.73		KORE
	LVO	NIPG	RSVR	TOON	CNVS	TC	MNY	ABLV	BREA	KORE

Please upgrade your account to get full access to Macroaxis premium features

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

BREA	+ 0.85	NIPG
BREA	+ 0.82	TC
TC	+ 0.7	NIPG
TC	+ 0.68	CNVS
BREA	+ 0.66	CNVS
CNVS	+ 0.58	NIPG

High negative correlations

KORE	- 0.82	NIPG
KORE	- 0.73	BREA
RSVR	- 0.59	NIPG
KORE	- 0.58	TC
KORE	- 0.52	CNVS
BREA	- 0.46	TOON

Risk-Adjusted Indicators

There is a big difference between Reading Stock performing well and Reading International 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 Reading International'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
LVO	3.82	0.06	0.02	0.06	4.91	(3.99)	6.78	(7.65)	30.11
NIPG	2.71	(0.78)	0.00	(3.44)	0.00	0.00	4.72	(6.92)	24.01
RSVR	0.99	0.06	0.03	0.13	1.33	(0.98)	2.18	(2.36)	6.14
TOON	1.95	(0.11)	0.00	(0.03)	0.00	0.00	3.39	(4.23)	19.55
CNVS	3.66	0.23	0.05	0.42	3.71	(4.57)	9.42	(6.27)	18.02
TC	3.40	(0.44)	0.00	16.91	0.00	0.00	7.45	(9.74)	26.70
MNY	2.33	0.03	0.00	0.10	3.65	(3.73)	7.50	(3.85)	31.59
ABLV	4.31	0.25	0.03	(6.66)	5.36	(6.44)	8.96	(10.81)	54.31
BREA	6.32	(0.65)	0.00	0.45	0.00	0.00	11.99	(15.38)	100.38
KORE	2.13	0.36	0.13	0.54	2.27	(2.44)	5.45	(3.58)	17.91

Reading International Corporate Executives

Elected by the shareholders, the Reading International's board of directors comprises two types of representatives: Reading International inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Reading. The board's role is to monitor Reading International's management team and ensure that shareholders' interests are well served. Reading International'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, Reading International's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Gilbert CPA	Executive CFO	Profile
	Gilbert Avanes	Interim CFO and Treasurer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC