MediaAlpha Correlations

MAX Stock

USD 12.47 0.24 1.89%

The current 90-days correlation between MediaAlpha and BuzzFeed is 0.24 (i.e., Modest 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

Modest diversification

The correlation between MediaAlpha and DJI is 0.2 (i.e., Modest 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

0.69

MTCH

Match Group

Pair Corr

Moving against MediaAlpha Stock

0.32	OB	Outbrain	Pair Corr
0.56	YELP	Yelp Inc	Pair Corr
0.45	GOOG	Alphabet Class C Aggressive Push	Pair Corr
0.31	KIND	Nextdoor Holdings	Pair Corr
0.69	NRDS	Nerdwallet	Pair Corr
0.61	PERI	Perion Network	Pair Corr
0.57	LTRPA	Liberty Tri	Pair Corr
0.53	RDDT	Reddit,	Pair Corr
0.45	GOOGL	Alphabet Class A Aggressive Push	Pair Corr
0.42	BZFDW	BuzzFeed	Pair Corr

Related Correlations Analysis

	ASST	YELP	BZFD	SEAT	CMCM	ATHM	GENI	SCOR	ONFO	STBX
ASST		-0.29	-0.32	0.51	-0.52	-0.16	0.1	0.34	-0.45	0.52	ASST
YELP	-0.29		0.5	-0.06	0.31	0.08	0.52	-0.45	0.32	-0.47	YELP
BZFD	-0.32	0.5		-0.17	0.07	-0.14	0.51	0.04	0.01	-0.1	BZFD
SEAT	0.51	-0.06	-0.17		-0.52	-0.63	-0.06	0.17	-0.25	0.48	SEAT
CMCM	-0.52	0.31	0.07	-0.52		0.68	-0.11	-0.51	0.66	-0.64	CMCM
ATHM	-0.16	0.08	-0.14	-0.63	0.68		0.08	-0.23	0.49	-0.46	ATHM
GENI	0.1	0.52	0.51	-0.06	-0.11	0.08		0.12	-0.08	0.08	GENI
SCOR	0.34	-0.45	0.04	0.17	-0.51	-0.23	0.12		-0.66	0.8	SCOR
ONFO	-0.45	0.32	0.01	-0.25	0.66	0.49	-0.08	-0.66		-0.6	ONFO
STBX	0.52	-0.47	-0.1	0.48	-0.64	-0.46	0.08	0.8	-0.6		STBX
	ASST	YELP	BZFD	SEAT	CMCM	ATHM	GENI	SCOR	ONFO	STBX

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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

STBX	+ 0.8	SCOR
ATHM	+ 0.68	CMCM
ONFO	+ 0.66	CMCM
STBX	+ 0.52	ASST
GENI	+ 0.52	YELP
SEAT	+ 0.51	ASST

High negative correlations

ONFO	- 0.66	SCOR
STBX	- 0.64	CMCM
ATHM	- 0.63	SEAT
STBX	- 0.6	ONFO
CMCM	- 0.52	SEAT
CMCM	- 0.52	ASST

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
ASST	8.18	1.01	0.05	(0.29)	8.96	(10.67)	29.76	(11.56)	101.83
YELP	1.25	0.04	0.04	0.20	1.20	(1.42)	2.91	(2.18)	6.76
BZFD	3.25	0.13	0.11	0.21	2.99	(4.24)	8.05	(5.72)	35.02
SEAT	2.90	(0.11)	(0.01)	0.09	4.15	(2.80)	7.06	(6.15)	19.75
CMCM	3.84	0.45	0.07	1.81	4.19	(4.45)	9.14	(7.53)	26.43
ATHM	1.71	0.22	0.05	0.85	1.95	(1.88)	3.40	(3.80)	11.76
GENI	2.43	0.38	0.17	0.44	2.21	(2.88)	6.03	(3.69)	11.54
SCOR	3.06	(0.55)	0.00	(0.44)	0.00	0.00	6.31	(5.73)	19.35
ONFO	4.99	0.59	0.09	0.98	5.56	(5.86)	9.71	(11.11)	39.43
STBX	4.67	(0.13)	0.00	0.38	0.00	0.00	8.00	(8.57)	39.18

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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