Stagwell Correlations

STGW Stock

USD 6.53 0.21 3.32%

The current 90-days correlation between Stagwell and Cimpress NV is 0.32 (i.e., Weak diversification). The correlation of Stagwell 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.

Stagwell Correlation With Market

Very weak diversification

The correlation between Stagwell and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stagwell 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 Stagwell. 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.

For more information on how to buy Stagwell Stock please use our How to Invest in Stagwell guide.

Moving together with Stagwell Stock

0.72	AMC	AMC Entertainment	Pair Corr
0.66	MCS	Marcus	Pair Corr
0.63	IMAX	Imax Corp	Pair Corr
0.61	CMCSA	Comcast Corp Earnings Call Tomorrow	Pair Corr
0.69	MSGS	Madison Square Garden	Pair Corr
0.66	LBRDA	Liberty Broadband Srs	Pair Corr
0.88	CABO	Cable One	Pair Corr
0.87	CHTR	Charter Communications Sell-off Trend	Pair Corr
0.66	Z	Zillow Group Class	Pair Corr
0.92	EA	Electronic Arts	Pair Corr
0.68	ZG	Zillow Group	Pair Corr

Moving against Stagwell Stock

0.51	VEON	VEON	Pair Corr
0.51	WIMI	WiMi Hologram Cloud	Pair Corr
0.47	TC	TuanChe ADR	Pair Corr
0.34	DRCT	Direct Digital Holdings	Pair Corr
0.33	VSME	VS Media Holdings	Pair Corr

Related Correlations Analysis

	CTV	IPG	CMPR	CRTO	OMC	IAS	DLX	WPP	EEX
CTV		-0.04	-0.06	0.56	-0.59	-0.56	0.41	-0.24	0.39	CTV
IPG	-0.04		0.55	0.32	0.63	0.51	-0.07	0.8	0.12	IPG
CMPR	-0.06	0.55		0.34	0.45	0.41	0.26	0.52	0.15	CMPR
CRTO	0.56	0.32	0.34		-0.2	-0.35	0.48	0.3	0.61	CRTO
OMC	-0.59	0.63	0.45	-0.2		0.74	-0.14	0.63	0.0	OMC
IAS	-0.56	0.51	0.41	-0.35	0.74		-0.21	0.55	-0.26	IAS
DLX	0.41	-0.07	0.26	0.48	-0.14	-0.21		0.15	0.78	DLX
WPP	-0.24	0.8	0.52	0.3	0.63	0.55	0.15		0.22	WPP
EEX	0.39	0.12	0.15	0.61	0.0	-0.26	0.78	0.22		EEX
	CTV	IPG	CMPR	CRTO	OMC	IAS	DLX	WPP	EEX

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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

WPP	+ 0.8	IPG
EEX	+ 0.78	DLX
IAS	+ 0.74	OMC
OMC	+ 0.63	IPG
WPP	+ 0.63	OMC
EEX	+ 0.61	CRTO

High negative correlations

OMC	- 0.59	CTV
IAS	- 0.56	CTV
IAS	- 0.35	CRTO
EEX	- 0.26	IAS
WPP	- 0.24	CTV
DLX	- 0.21	IAS

Risk-Adjusted Indicators

There is a big difference between Stagwell Stock performing well and Stagwell 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 Stagwell'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
CTV	3.26	1.20	0.43	0.47	1.31	(5.38)	4.62	(4.81)	88.33
IPG	1.16	(0.10)	0.00	(0.13)	0.00	0.00	2.63	(2.21)	9.27
CMPR	1.85	(0.15)	0.00	(0.20)	0.00	0.00	3.77	(3.83)	11.04
CRTO	1.80	(0.07)	0.00	6.72	0.00	0.00	3.92	(3.68)	25.46
OMC	1.14	(0.24)	0.00	(0.30)	0.00	0.00	1.92	(2.43)	13.14
IAS	1.74	(0.09)	0.00	(0.17)	0.00	0.00	3.26	(4.02)	23.54
DLX	1.66	0.28	0.13	1.06	1.83	(1.81)	2.95	(3.09)	15.33
WPP	1.12	(0.25)	0.00	(0.44)	0.00	0.00	1.67	(2.71)	7.61
EEX	1.70	0.16	0.05	0.23	2.76	(1.75)	3.95	(3.56)	16.08

Stagwell Corporate Management

Jay Leveton	President	Profile
Ryan Greene	Chief Officer	Profile
David Sable	Executive Chair	Profile
Frank Lanuto	Chief Officer	Profile
David Kwon	Senior Strategy	Profile
Mark Penn	Chairman CEO	Profile
Stephanie Howley	Chief Officer	Profile

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