Sportradar Group Correlations

SRAD Stock

USD 17.13 0.07 0.41%

The current 90-days correlation between Sportradar Group and Paycor HCM is 0.09 (i.e., Significant diversification). The correlation of Sportradar Group 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.

Sportradar Group Correlation With Market

Modest diversification

The correlation between Sportradar Group AG and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sportradar Group AG 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 Sportradar Group AG. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Sportradar Stock

0.89	DJCO	Daily Journal Corp	Pair Corr
0.79	AI	C3 Ai Inc Earnings Call This Week	Pair Corr
0.83	AZ	A2Z Smart Technologies	Pair Corr
0.77	BL	Blackline	Pair Corr
0.69	DV	DoubleVerify Holdings	Pair Corr
0.79	EB	Eventbrite Class A	Pair Corr
0.98	ML	MoneyLion	Pair Corr
0.64	PD	Pagerduty	Pair Corr
0.94	WK	Workiva	Pair Corr
0.89	ZM	Zoom Video Communications	Pair Corr
0.85	DOCU	DocuSign Earnings Call This Week	Pair Corr
0.86	DOMO	Domo Inc	Pair Corr
0.92	VERX	Vertex	Pair Corr
0.89	DSGX	Descartes Systems Earnings Call This Week	Pair Corr
0.67	DTRK	DATATRAK International	Pair Corr
0.74	DUOL	Duolingo	Pair Corr
0.73	DUOT	Duos Technologies	Pair Corr
0.88	VMEO	Vimeo Inc	Pair Corr
0.88	VTSI	VirTra Inc	Pair Corr
0.93	EGHT	8x8 Common Stock	Pair Corr
0.78	ENFN	Enfusion	Pair Corr
0.64	WDAY	Workday Downward Rally	Pair Corr

Moving against Sportradar Stock

0.69	VTEX	VTEX	Pair Corr
0.58	VERB	VERB TECHNOLOGY PANY Tech Boost	Pair Corr
0.52	ELCO	Elcom International	Pair Corr
0.42	ILLRW	Triller Group Symbol Change	Pair Corr
0.74	XELAP	Exela Technologies	Pair Corr
0.73	BMR	Beamr Imaging	Pair Corr

Related Correlations Analysis

	PYCR	CWAN	MNTV	PCOR	ALKT	AMSWA	MLNK	MODN	CCRD	APPF
PYCR		0.9	0.18	0.88	0.74	0.52	0.44	0.28	0.88	0.44	PYCR
CWAN	0.9		0.32	0.92	0.79	0.67	0.2	0.47	0.74	0.31	CWAN
MNTV	0.18	0.32		0.25	0.19	0.58	-0.11	0.63	0.16	-0.11	MNTV
PCOR	0.88	0.92	0.25		0.83	0.66	0.16	0.51	0.76	0.35	PCOR
ALKT	0.74	0.79	0.19	0.83		0.71	-0.02	0.41	0.46	-0.05	ALKT
AMSWA	0.52	0.67	0.58	0.66	0.71		-0.16	0.74	0.31	-0.13	AMSWA
MLNK	0.44	0.2	-0.11	0.16	-0.02	-0.16		-0.16	0.55	0.45	MLNK
MODN	0.28	0.47	0.63	0.51	0.41	0.74	-0.16		0.21	-0.06	MODN
CCRD	0.88	0.74	0.16	0.76	0.46	0.31	0.55	0.21		0.69	CCRD
APPF	0.44	0.31	-0.11	0.35	-0.05	-0.13	0.45	-0.06	0.69		APPF
	PYCR	CWAN	MNTV	PCOR	ALKT	AMSWA	MLNK	MODN	CCRD	APPF

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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

PCOR	+ 0.92	CWAN
CWAN	+ 0.9	PYCR
PCOR	+ 0.88	PYCR
CCRD	+ 0.88	PYCR
ALKT	+ 0.83	PCOR
ALKT	+ 0.79	CWAN

High negative correlations

MODN	- 0.16	MLNK
MLNK	- 0.16	AMSWA
APPF	- 0.13	AMSWA
APPF	- 0.11	MNTV
MLNK	- 0.11	MNTV
APPF	- 0.06	MODN

Risk-Adjusted Indicators

There is a big difference between Sportradar Stock performing well and Sportradar Group 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 Sportradar Group'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
PYCR	1.53	0.35	0.13	5.96	1.44	(1.66)	3.12	(2.96)	9.64
CWAN	1.41	0.40	0.19	1.06	1.28	(1.53)	2.80	(2.76)	18.70
MNTV	0.90	0.60	2.02	(0.52)	0.00	(1.77)	0.43	(0.21)	20.63
PCOR	1.72	0.27	0.21	0.26	1.38	(2.11)	4.79	(2.47)	9.89
ALKT	2.01	0.28	0.06	(11.28)	2.40	(2.24)	5.03	(4.89)	11.93
AMSWA	1.44	0.34	0.12	(0.68)	1.18	(1.67)	3.79	(2.53)	10.40
MLNK	1.61	0.00	(0.04)	0.11	2.40	(1.51)	3.17	(3.18)	14.62
MODN	0.50	0.17	0.05	(1.71)	0.29	(0.69)	1.01	(0.50)	10.58
CCRD	2.08	0.56	0.23	0.79	1.86	(2.46)	5.16	(3.71)	9.62
APPF	1.45	0.00	0.02	0.12	2.17	(1.56)	2.86	(2.27)	15.04

Sportradar Group Corporate Management

Ben Burdsall	Chief Officer	Profile
Craig Felenstein	Chief Officer	Profile
Eduard Blonk	Chief Officer	Profile
Ulrich Harmuth	Chief CFO	Profile
Gerard Griffin	Chief Officer	Profile
Eric Conrad	Managing America	Profile
Michael Miller	Chief Officer	Profile

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