MediaAlpha Correlations

MAX Stock

USD 8.40 0.55 6.15%

The current 90-days correlation between MediaAlpha and Yelp Inc is 0.03 (i.e., Significant diversification). The correlation of MediaAlpha 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.

MediaAlpha Correlation With Market

Average diversification

The correlation between MediaAlpha and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MediaAlpha and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MediaAlpha. 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.

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

Moving together with MediaAlpha Stock

0.83	EB	Eventbrite Class A	Pair Corr
0.88	OB	Outbrain	Pair Corr
0.78	DOYU	DouYu International	Pair Corr
0.68	WBTN	WEBTOON Entertainment	Pair Corr
0.72	DJT	Trump Media Technology	Pair Corr
0.77	MNY	MoneyHero Limited Class	Pair Corr
0.77	RUM	Rumble Inc	Pair Corr
0.75	SLE	Super League Enterprise	Pair Corr
0.77	GETY	Getty Images Holdings	Pair Corr
0.74	GOOG	Alphabet Class C	Pair Corr
0.7	YELP	Yelp Inc	Pair Corr
0.87	ZDGE	Zedge Inc	Pair Corr
0.7	SEATW	Vivid Seats Warrant	Pair Corr
0.78	IZEA	IZEA Inc	Pair Corr
0.88	KIND	Nextdoor Holdings	Pair Corr
0.8	RUMBW	Rumble Inc	Pair Corr
0.64	LCFY	Locafy	Pair Corr
0.67	META	Meta Platforms	Pair Corr
0.73	MTCH	Match Group	Pair Corr
0.76	NBIS	Nebius Group NV Symbol Change	Pair Corr
0.81	NRDS	Nerdwallet	Pair Corr

Moving against MediaAlpha Stock

0.66	EVER	EverQuote Class A	Pair Corr
0.62	CCG	Cheche Group Class	Pair Corr
0.61	BZ	Kanzhun Ltd ADR	Pair Corr
0.39	YY	YY Inc Class Symbol Change	Pair Corr
0.39	ZH	Zhihu Inc ADR	Pair Corr
0.39	IAC	IAC Inc	Pair Corr
0.38	TME	Tencent Music Entert	Pair Corr
0.71	GIFT	RDE, Inc Symbol Change	Pair Corr
0.48	JFIN	Jiayin Group	Pair Corr

Related Correlations Analysis

	LIZI	ASST	YELP	BZFD	LTRPA	SEAT	CMCM	ATHM	LTRPB	GENI
LIZI		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	LIZI
ASST	0.0		0.34	0.27	0.0	0.33	-0.07	-0.07	0.0	-0.19	ASST
YELP	0.0	0.34		0.76	0.0	0.5	-0.3	-0.57	0.0	-0.13	YELP
BZFD	0.0	0.27	0.76		0.0	0.69	-0.27	-0.7	0.0	-0.42	BZFD
LTRPA	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	LTRPA
SEAT	0.0	0.33	0.5	0.69	0.0		0.11	-0.34	0.0	-0.65	SEAT
CMCM	0.0	-0.07	-0.3	-0.27	0.0	0.11		0.57	0.0	0.12	CMCM
ATHM	0.0	-0.07	-0.57	-0.7	0.0	-0.34	0.57		0.0	0.34	ATHM
LTRPB	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	LTRPB
GENI	0.0	-0.19	-0.13	-0.42	0.0	-0.65	0.12	0.34	0.0		GENI
	LIZI	ASST	YELP	BZFD	LTRPA	SEAT	CMCM	ATHM	LTRPB	GENI

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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

BZFD	+ 0.76	YELP
SEAT	+ 0.69	BZFD
ATHM	+ 0.57	CMCM
SEAT	+ 0.5	YELP
YELP	+ 0.34	ASST
GENI	+ 0.34	ATHM

High negative correlations

ATHM	- 0.7	BZFD
GENI	- 0.65	SEAT
ATHM	- 0.57	YELP
GENI	- 0.42	BZFD
ATHM	- 0.34	SEAT
CMCM	- 0.3	YELP

Risk-Adjusted Indicators

There is a big difference between MediaAlpha Stock performing well and MediaAlpha 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 MediaAlpha'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
LIZI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ASST	9.28	1.54	0.14	0.62	8.61	(14.54)	18.00	(14.81)	125.77
YELP	1.50	0.03	0.00	(0.12)	0.00	0.00	3.05	(3.56)	11.91
BZFD	3.22	(0.42)	0.00	(2.63)	0.00	0.00	6.34	(6.20)	17.97
LTRPA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SEAT	2.80	(0.61)	0.00	(0.75)	0.00	0.00	4.51	(6.64)	29.74
CMCM	3.58	0.01	0.00	(0.16)	0.00	0.00	9.21	(7.59)	27.07
ATHM	1.62	0.18	0.11	0.09	2.00	(1.75)	3.57	(4.01)	8.97
LTRPB	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GENI	2.76	0.31	0.07	0.06	3.45	(2.77)	6.05	(5.32)	19.22

MediaAlpha Corporate Management

Amy Yeh	Senior Vice President - Technology	Profile
Jeffrey Esq	General Secretary	Profile
David Lowe	Independent Director	Profile
Lance Martinez	General Counsel, Secretary	Profile
Jeffrey Sweetser	Senior HLM	Profile
Cathy Cunningham	Chief Officer	Profile

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