Warner Bros Correlations
WBD Stock | USD 10.23 0.28 2.81% |
The current 90-days correlation between Warner Bros Discovery and Walt Disney is 0.2 (i.e., Modest diversification). The correlation of Warner Bros 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.
Warner Bros Correlation With Market
Weak diversification
The correlation between Warner Bros Discovery and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Warner Bros Discovery and DJI in the same portfolio, assuming nothing else is changed.
Warner |
Moving together with Warner Stock
0.74 | CNK | Cinemark Holdings | PairCorr |
0.78 | FOXA | Fox Corp Class | PairCorr |
0.78 | DIS | Walt Disney Aggressive Push | PairCorr |
0.66 | EVC | Entravision Communications | PairCorr |
0.81 | FOX | Fox Corp Class | PairCorr |
0.65 | LYV | Live Nation Entertainment | PairCorr |
0.73 | MCS | Marcus | PairCorr |
Moving against Warner Stock
0.58 | DLPN | Dolphin Entertainment | PairCorr |
0.58 | DRCT | Direct Digital Holdings | PairCorr |
0.6 | HHS | Harte Hanks | PairCorr |
0.59 | IPG | Interpublic Group | PairCorr |
0.34 | HAO | Haoxi Health Technology | PairCorr |
0.31 | GTN | Gray Television | PairCorr |
0.77 | SGA | Saga Communications | PairCorr |
0.76 | LILAK | Liberty Latin America | PairCorr |
Related Correlations Analysis
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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
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Risk-Adjusted Indicators
There is a big difference between Warner Stock performing well and Warner Bros 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 Warner Bros' 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 | ||
---|---|---|---|---|---|---|---|---|---|---|
DIS | 1.01 | 0.31 | 0.26 | 0.56 | 0.63 | 2.34 | 7.57 | |||
ROKU | 2.54 | 0.05 | 0.03 | 0.11 | 4.09 | 5.67 | 29.20 | |||
NFLX | 1.29 | 0.30 | 0.19 | 0.50 | 1.16 | 2.80 | 13.04 | |||
PARAA | 0.66 | (0.06) | 0.00 | (0.40) | 0.00 | 1.65 | 10.30 | |||
PARA | 1.40 | (0.10) | 0.00 | (0.05) | 0.00 | 2.63 | 8.83 | |||
AMC | 1.87 | (0.26) | 0.00 | (0.13) | 0.00 | 3.65 | 11.40 | |||
APE | 2.05 | 0.24 | 0.08 | 0.51 | 2.33 | 4.67 | 11.21 |
Warner Bros Corporate Management
Jennifer Remling | Chief Officer | Profile | |
Robert Gibbs | Chief Officer | Profile | |
JeanBriac Perrette | Pres International | Profile | |
Bruce Campbell | Distribution Devel | Profile |