Townsquare Media Correlations

TSQ Stock

USD 6.74 0.03 0.44%

The current 90-days correlation between Townsquare Media and Cardlytics is 0.02 (i.e., Significant diversification). The correlation of Townsquare Media 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.

Townsquare Media Correlation With Market

Poor diversification

The correlation between Townsquare Media and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Townsquare Media and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Townsquare Stock

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

To learn how to invest in Townsquare Stock, please use our How to Invest in Townsquare Media guide.

Moving together with Townsquare Stock

0.75	RRTL	RTL Group SA	Pair Corr
0.78	SES	SES SA	Pair Corr
0.66	317A	STINGRAY GROUP INC	Pair Corr
0.9	CMX	Catalyst Media Group	Pair Corr
0.78	NXST	Nexstar Broadcasting Earnings Call This Week	Pair Corr
0.85	SKM	SKY Perfect JSAT	Pair Corr
0.8	RAY-A	Stingray Group	Pair Corr
0.78	RRTL	RTL Group SA	Pair Corr

Moving against Townsquare Stock

0.9	NR8	NRJ GROUP SA	Pair Corr
0.87	NP9	Nippon Television	Pair Corr
0.74	3QT1	CURIOSITYSTREAM A 0001	Pair Corr
0.72	A1N	Arn Media Earnings Call This Week	Pair Corr
0.65	SSP	E W Scripps Earnings Call Tomorrow	Pair Corr
0.63	IHRT	iHeartMedia Class Earnings Call This Week	Pair Corr
0.61	TBCN	Television Broadcasts	Pair Corr
0.61	SQ6B	E W Scripps Earnings Call This Week	Pair Corr
0.48	SGA	Saga Communications	Pair Corr
0.47	TFI	Television Francaise	Pair Corr
0.44	GCZB	Gray Television Earnings Call This Week	Pair Corr
0.39	MMT	Mtropole Tlvision	Pair Corr
0.35	FSE	Télévision Française	Pair Corr
0.33	FOXA	Fox Corp Class	Pair Corr
0.9	SXL	Southern Cross Media Earnings Call This Week	Pair Corr
0.89	NRG	NRJ Group	Pair Corr
0.83	PSKY	Paramount Skydance Earnings Call This Week	Pair Corr
0.76	NMAX	Newsmax	Pair Corr
0.76	AFRN	Aferian PLC	Pair Corr
0.63	AMCX	AMC Networks	Pair Corr
0.53	SGHB	SAGA COMMUNICATNS	Pair Corr
0.52	SBGI	Sinclair Broadcast	Pair Corr

Related Correlations Analysis

	CDLX	XNET	TZOO	MCHX	ILLR	IZEA	FNGR	SEAT	WIMI	FLNT
CDLX		0.86	0.56	0.08	-0.06	0.59	0.19	0.44	0.72	-0.36	CDLX
XNET	0.86		0.63	0.31	-0.02	0.62	0.3	0.23	0.82	-0.38	XNET
TZOO	0.56	0.63		-0.15	0.56	0.89	0.76	0.42	0.78	-0.81	TZOO
MCHX	0.08	0.31	-0.15		-0.39	-0.33	-0.22	-0.5	0.03	0.5	MCHX
ILLR	-0.06	-0.02	0.56	-0.39		0.59	0.72	0.35	0.38	-0.69	ILLR
IZEA	0.59	0.62	0.89	-0.33	0.59		0.72	0.54	0.87	-0.9	IZEA
FNGR	0.19	0.3	0.76	-0.22	0.72	0.72		0.26	0.62	-0.62	FNGR
SEAT	0.44	0.23	0.42	-0.5	0.35	0.54	0.26		0.38	-0.54	SEAT
WIMI	0.72	0.82	0.78	0.03	0.38	0.87	0.62	0.38		-0.65	WIMI
FLNT	-0.36	-0.38	-0.81	0.5	-0.69	-0.9	-0.62	-0.54	-0.65		FLNT
	CDLX	XNET	TZOO	MCHX	ILLR	IZEA	FNGR	SEAT	WIMI	FLNT

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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

IZEA	+ 0.89	TZOO
WIMI	+ 0.87	IZEA
XNET	+ 0.86	CDLX
WIMI	+ 0.82	XNET
WIMI	+ 0.78	TZOO
FNGR	+ 0.76	TZOO

High negative correlations

FLNT	- 0.9	IZEA
FLNT	- 0.81	TZOO
FLNT	- 0.69	ILLR
FLNT	- 0.65	WIMI
FLNT	- 0.62	FNGR
FLNT	- 0.54	SEAT

Risk-Adjusted Indicators

There is a big difference between Townsquare Stock performing well and Townsquare Media 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 Townsquare Media'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
CDLX	4.51	(0.64)	0.00	(0.31)	0.00	0.00	10.71	(9.24)	25.07
XNET	2.34	(0.52)	0.00	(0.26)	0.00	0.00	4.32	(6.03)	15.34
TZOO	1.97	(0.45)	0.00	5.12	0.00	0.00	4.46	(3.76)	11.62
MCHX	1.49	(0.08)	0.00	(0.07)	0.00	0.00	2.52	(3.05)	14.87
ILLR	16.92	2.85	0.13	0.40	21.42	(21.71)	36.59	(40.32)	237.50
IZEA	2.23	(0.61)	0.00	(0.55)	0.00	0.00	5.87	(4.19)	11.12
FNGR	3.94	(0.26)	0.00	(0.08)	0.00	0.00	9.86	(7.38)	29.64
SEAT	3.70	(0.45)	0.00	12.49	0.00	0.00	6.61	(6.98)	22.35
WIMI	3.69	(0.85)	0.00	(0.24)	0.00	0.00	5.56	(7.77)	27.96
FLNT	4.22	0.88	0.19	1.67	3.91	(5.08)	10.98	(7.95)	26.93

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