Sirius XM Correlations

SIRI Stock

USD 26.22 0.45 1.75%

The current 90-days correlation between Sirius XM Holding and Paramount Global Class is -0.07 (i.e., Good diversification). The correlation of Sirius XM 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.

Sirius XM Correlation With Market

Average diversification

The correlation between Sirius XM Holding and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sirius XM Holding and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sirius XM Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Sirius Stock

0.62

MDIA

Mediaco Holding

Pair Corr

Moving against Sirius Stock

0.46	WIMI	WiMi Hologram Cloud	Pair Corr
0.41	TV	Grupo Televisa SAB	Pair Corr
0.4	CCO	Clear Channel Outdoor	Pair Corr
0.33	FLNT	Fluent Inc	Pair Corr
0.31	CHR	Cheer Holding	Pair Corr
0.47	T	ATT Inc Aggressive Push	Pair Corr
0.44	BZ	Kanzhun Ltd ADR	Pair Corr
0.43	ROKU	Roku Inc	Pair Corr
0.42	ATUS	Altice USA	Pair Corr

Related Correlations Analysis

	PARA	DIS	ROKU	NFLX	AMC	WBD	PARAA	FWONA	WMG	MSGS
PARA		0.39	-0.09	0.47	-0.02	0.63	0.54	0.5	0.41	0.52	PARA
DIS	0.39		0.11	0.93	-0.37	0.83	0.18	0.77	0.74	0.72	DIS
ROKU	-0.09	0.11		0.1	-0.53	0.05	-0.3	0.19	0.49	0.27	ROKU
NFLX	0.47	0.93	0.1		-0.38	0.8	0.15	0.84	0.76	0.81	NFLX
AMC	-0.02	-0.37	-0.53	-0.38		-0.08	0.32	-0.39	-0.71	-0.62	AMC
WBD	0.63	0.83	0.05	0.8	-0.08		0.3	0.66	0.58	0.55	WBD
PARAA	0.54	0.18	-0.3	0.15	0.32	0.3		0.07	-0.12	0.08	PARAA
FWONA	0.5	0.77	0.19	0.84	-0.39	0.66	0.07		0.79	0.85	FWONA
WMG	0.41	0.74	0.49	0.76	-0.71	0.58	-0.12	0.79		0.84	WMG
MSGS	0.52	0.72	0.27	0.81	-0.62	0.55	0.08	0.85	0.84		MSGS
	PARA	DIS	ROKU	NFLX	AMC	WBD	PARAA	FWONA	WMG	MSGS

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

NFLX	+ 0.93	DIS
MSGS	+ 0.85	FWONA
FWONA	+ 0.84	NFLX
MSGS	+ 0.84	WMG
WBD	+ 0.83	DIS
MSGS	+ 0.81	NFLX

High negative correlations

WMG	- 0.71	AMC
MSGS	- 0.62	AMC
AMC	- 0.53	ROKU
FWONA	- 0.39	AMC
AMC	- 0.38	NFLX
AMC	- 0.37	DIS

Risk-Adjusted Indicators

There is a big difference between Sirius Stock performing well and Sirius XM 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 Sirius XM'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
PARA	1.46	(0.12)	0.00	(0.03)	0.00	0.00	2.82	(2.81)	8.83
DIS	0.99	0.31	0.24	0.61	0.61	(1.12)	2.34	(1.38)	7.57
ROKU	2.51	0.01	0.03	0.13	4.07	(2.54)	5.67	(4.28)	29.20
NFLX	1.28	0.33	0.19	0.58	1.12	(1.46)	2.80	(2.33)	13.04
AMC	1.88	(0.24)	0.00	(0.08)	0.00	0.00	3.65	(3.94)	11.40
WBD	2.35	0.32	0.15	0.34	2.12	(2.83)	7.33	(3.45)	18.30
PARAA	0.71	(0.12)	0.00	(0.36)	0.00	0.00	1.28	(1.28)	7.80
FWONA	1.10	0.04	0.02	0.16	1.39	(1.14)	2.10	(1.69)	8.37
WMG	0.89	0.13	0.02	0.66	1.66	(0.92)	2.15	(2.03)	11.14
MSGS	0.75	0.06	0.03	0.20	0.76	(0.80)	1.45	(1.32)	5.10

Sirius XM Corporate Management

Scott Greenstein	Pres and Chief Content Officer	Profile
Jessica CasanoAntonellis	Senior Communications	Profile
Sean Sullivan	Ex CFO	Profile
Barbara Daniel	Senior Officer	Profile
Thomas Barry	Chief Officer	Profile
Joseph Inzerillo	Executive Officer	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

2024 Macroaxis LLC