Reading International Correlations

RDI Stock

USD 1.13 0.02 1.80%

The current 90-days correlation between Reading International and LiveOne is -0.07 (i.e., Good 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

Excellent diversification

The correlation between Reading International and DJI is -0.66 (i.e., Excellent diversification) 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

0.91	DRCT	Direct Digital Holdings Trending	Pair Corr
0.88	600715	Cultural Investment	Pair Corr
0.71	CNK	Cinemark Holdings	Pair Corr
0.71	LVO	LiveOne	Pair Corr
0.86	TME	Tencent Music Entert	Pair Corr
0.78	300027	Huayi Brothers Media	Pair Corr
0.73	AIM	Ai Media Technologies	Pair Corr
0.77	LCFY	Locafy	Pair Corr
0.63	MGAM	Mobile Global Esports	Pair Corr
0.87	NFLX	Netflix	Pair Corr
0.9	ONFO	Onfolio Holdings	Pair Corr
0.72	300528	Omnijoi Media Corp	Pair Corr
0.69	ASST	Strive Asset Management	Pair Corr
0.75	SPOT	Spotify Technology Sell-off Trend	Pair Corr
0.71	TEAD	Teads BV Symbol Change	Pair Corr
0.93	CNVS	Cineverse Corp	Pair Corr

Moving against Reading Stock

0.84	TKO	TKO Group Holdings	Pair Corr
0.81	MSGE	Madison Square Garden	Pair Corr
0.67	IMAX	Imax Corp	Pair Corr
0.33	DIS	Walt Disney	Pair Corr
0.93	SPHR	Sphere Entertainment	Pair Corr
0.89	FFMH	First Farmers	Pair Corr
0.81	BMYMP	Bristol Myers Squibb	Pair Corr
0.76	GOOG	Alphabet Class C	Pair Corr
0.72	MSGS	Madison Square Garden	Pair Corr
0.48	MSGM	Motorsport Gaming	Pair Corr
0.44	TSM	Taiwan Semiconductor	Pair Corr
0.37	603103	Hengdian Entertainment	Pair Corr
0.33	PIFYF	Pine Cliff Energy	Pair Corr

Related Correlations Analysis

	LVO	NIPG	RSVR	TOON	CNVS	TC	MNY	ABLV	BREA	KORE
LVO		0.61	0.15	0.51	0.8	0.58	0.05	0.79	-0.41	-0.65	LVO
NIPG	0.61		-0.33	0.01	0.86	0.79	0.21	0.47	-0.4	-0.69	NIPG
RSVR	0.15	-0.33		0.4	-0.04	-0.27	-0.21	0.19	0.05	-0.02	RSVR
TOON	0.51	0.01	0.4		0.3	-0.15	0.1	0.6	-0.07	-0.34	TOON
CNVS	0.8	0.86	-0.04	0.3		0.68	0.07	0.67	-0.35	-0.84	CNVS
TC	0.58	0.79	-0.27	-0.15	0.68		0.23	0.38	-0.41	-0.52	TC
MNY	0.05	0.21	-0.21	0.1	0.07	0.23		0.08	-0.28	-0.13	MNY
ABLV	0.79	0.47	0.19	0.6	0.67	0.38	0.08		-0.26	-0.57	ABLV
BREA	-0.41	-0.4	0.05	-0.07	-0.35	-0.41	-0.28	-0.26		0.51	BREA
KORE	-0.65	-0.69	-0.02	-0.34	-0.84	-0.52	-0.13	-0.57	0.51		KORE
	LVO	NIPG	RSVR	TOON	CNVS	TC	MNY	ABLV	BREA	KORE

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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

CNVS	+ 0.86	NIPG
CNVS	+ 0.8	LVO
ABLV	+ 0.79	LVO
TC	+ 0.79	NIPG
TC	+ 0.68	CNVS
ABLV	+ 0.67	CNVS

High negative correlations

KORE	- 0.84	CNVS
KORE	- 0.69	NIPG
KORE	- 0.65	LVO
KORE	- 0.57	ABLV
KORE	- 0.52	TC
BREA	- 0.41	TC

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	3.26	(0.30)	0.00	(0.12)	0.00	0.00	6.29	(7.32)	25.02
NIPG	2.92	(0.40)	0.00	(0.78)	0.00	0.00	6.04	(6.54)	18.48
RSVR	1.04	(0.02)	0.00	0.16	0.00	0.00	2.18	(2.54)	7.75
TOON	2.39	(0.28)	0.00	(0.06)	0.00	0.00	5.41	(4.35)	19.55
CNVS	2.70	(0.52)	0.00	(0.91)	0.00	0.00	5.04	(6.27)	14.74
TC	3.54	(0.62)	0.00	(2.44)	0.00	0.00	7.45	(10.60)	31.07
MNY	3.21	0.13	0.03	0.16	4.27	(4.84)	9.85	(5.76)	39.95
ABLV	4.45	(0.30)	0.00	(0.78)	0.00	0.00	8.96	(10.81)	54.31
BREA	10.00	3.63	0.40	1.12	6.94	(11.57)	12.35	(12.29)	258.82
KORE	3.00	0.61	0.19	0.58	2.58	(3.56)	7.54	(4.48)	19.35

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

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