Cumulus Media Correlations
| CMLSDelisted Stock | USD 0.15 0.01 6.25% |
The current 90-days correlation between Cumulus Media Class and Beasley Broadcast Group is 0.13 (i.e., Average diversification). The correlation of Cumulus 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.
Cumulus Media Correlation With Market
Significant diversification
The correlation between Cumulus Media Class and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cumulus Media Class and DJI in the same portfolio, assuming nothing else is changed.
Cumulus |
The ability to find closely correlated positions to Cumulus Media could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cumulus Media when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cumulus Media - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cumulus Media Class to buy it.
Moving together with Cumulus OTC Stock
Moving against Cumulus OTC Stock
| 0.92 | SGA | Saga Communications | PairCorr |
| 0.92 | TU | Telus Corp | PairCorr |
| 0.89 | IHRT | iHeartMedia Class | PairCorr |
| 0.88 | WB | Weibo Corp | PairCorr |
| 0.87 | VENU | Venu Holding | PairCorr |
| 0.84 | FUBO | Fubotv Inc | PairCorr |
| 0.84 | TV | Grupo Televisa SAB Earnings Call Tomorrow | PairCorr |
| 0.81 | UONEK | Urban One Class | PairCorr |
| 0.78 | TC | TuanChe ADR | PairCorr |
| 0.75 | GTN | Gray Television | PairCorr |
| 0.73 | KT | KT Corporation Potential Growth | PairCorr |
| 0.72 | SSP | E W Scripps | PairCorr |
| 0.69 | Z | Zillow Group Class | PairCorr |
| 0.68 | ZG | Zillow Group | PairCorr |
| 0.68 | DLPN | Dolphin Entertainment | PairCorr |
| 0.54 | MDIA | Mediaco Holding | PairCorr |
| 0.5 | CURI | Curiositystream | PairCorr |
| 0.48 | ZH | Zhihu Inc ADR | PairCorr |
| 0.46 | T | ATT Inc Earnings Call This Week | PairCorr |
| 0.44 | TGNA | Tegna Inc | PairCorr |
| 0.41 | CURIW | CuriosityStream | PairCorr |
| 0.4 | EA | Electronic Arts | PairCorr |
| 0.38 | UONE | Urban One | PairCorr |
| 0.89 | DIS | Walt Disney | PairCorr |
| 0.88 | FOXA | Fox Corp Class | PairCorr |
| 0.86 | CHT | Chunghwa Telecom | PairCorr |
| 0.84 | BATRK | Atlanta Braves Holdings, | PairCorr |
| 0.8 | BATRA | Atlanta Braves Holdings, | PairCorr |
| 0.79 | EEX | Emerald Expositions | PairCorr |
| 0.74 | CCO | Clear Channel Outdoor | PairCorr |
| 0.67 | CHR | Cheer Holding | PairCorr |
| 0.64 | AMC | AMC Entertainment Aggressive Push | PairCorr |
Related Correlations Analysis
| 0.0 | -0.72 | 0.92 | 0.0 | 0.96 | IHRT | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | EMMS | ||
| -0.72 | 0.0 | -0.64 | 0.0 | -0.72 | BBGI | ||
| 0.92 | 0.0 | -0.64 | 0.0 | 0.89 | SGA | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | SALM | ||
| 0.96 | 0.0 | -0.72 | 0.89 | 0.0 | EVC | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Cumulus OTC Stock performing well and Cumulus Media OTC Stock 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 Cumulus 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IHRT | 3.37 | 0.77 | 0.20 | 0.84 | 3.34 | 9.09 | 18.76 | |||
| EMMS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BBGI | 3.67 | (0.42) | 0.00 | (0.40) | 0.00 | 7.10 | 27.29 | |||
| SGA | 1.50 | 0.26 | 0.06 | 1.53 | 2.01 | 3.37 | 12.54 | |||
| SALM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| EVC | 2.32 | 0.27 | 0.11 | 0.33 | 2.30 | 6.40 | 17.45 |
Cumulus Media Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Cumulus Media otc stock to make a market-neutral strategy. Peer analysis of Cumulus Media could also be used in its relative valuation, which is a method of valuing Cumulus Media by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Cumulus Media Class?
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