Marchex Correlations

MCHX Stock

USD 1.83 0.02 1.10%

The current 90-days correlation between Marchex and Townsquare Media is 0.01 (i.e., Significant diversification). The correlation of Marchex 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.

Marchex Correlation With Market

Average diversification

The correlation between Marchex and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Marchex 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 Marchex. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

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

Moving together with Marchex Stock

0.78	CNK	Cinemark Holdings	Pair Corr
0.72	FOXA	Fox Corp Class Sell-off Trend	Pair Corr
0.75	FOX	Fox Corp Class	Pair Corr
0.73	IAS	Integral Ad Science	Pair Corr
0.68	IPG	Interpublic Group Sell-off Trend	Pair Corr
0.67	MCS	Marcus	Pair Corr

Moving against Marchex Stock

0.73	VSME	VS Media Holdings	Pair Corr
0.61	TV	Grupo Televisa SAB	Pair Corr
0.6	ANGHW	Anghami Warrants	Pair Corr
0.58	DLPN	Dolphin Entertainment	Pair Corr
0.56	DRCT	Direct Digital Holdings	Pair Corr
0.56	FLNT	Fluent Inc	Pair Corr
0.52	IQ	iQIYI Inc Aggressive Push	Pair Corr
0.45	AMC	AMC Entertainment	Pair Corr
0.31	CURIW	CuriosityStream	Pair Corr
0.31	WIMI	WiMi Hologram Cloud Buyout Trend	Pair Corr
0.7	LEE	Lee Enterprises	Pair Corr
0.67	CCO	Clear Channel Outdoor Buyout Trend	Pair Corr
0.61	DIS	Walt Disney Fiscal Year End 13th of November 2024	Pair Corr
0.5	HAO	Haoxi Health Technology	Pair Corr
0.37	GTN	Gray Television	Pair Corr
0.35	EEX	Emerald Expositions	Pair Corr
0.35	EVC	Entravision Communications	Pair Corr
0.63	SSP	E W Scripps	Pair Corr
0.5	WMG	Warner Music Group Fiscal Year End 21st of November 2024	Pair Corr
0.49	OCG	Oriental Culture Holding	Pair Corr
0.47	GAIA	Gaia Inc	Pair Corr

Related Correlations Analysis

	EVC	DRCT	CMPR	TSQ	CYPXF	INEOF	KDOZF	SNIPF	MMDDF	QNST
EVC		0.12	0.27	0.43	0.0	0.45	-0.12	0.25	-0.33	0.42	EVC
DRCT	0.12		0.56	0.8	0.0	-0.4	0.1	0.78	0.7	-0.51	DRCT
CMPR	0.27	0.56		0.46	0.0	-0.47	-0.12	0.6	0.45	-0.07	CMPR
TSQ	0.43	0.8	0.46		0.0	-0.04	0.18	0.73	0.28	-0.13	TSQ
CYPXF	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	CYPXF
INEOF	0.45	-0.4	-0.47	-0.04	0.0		-0.07	-0.27	-0.69	0.43	INEOF
KDOZF	-0.12	0.1	-0.12	0.18	0.0	-0.07		-0.05	0.05	-0.1	KDOZF
SNIPF	0.25	0.78	0.6	0.73	0.0	-0.27	-0.05		0.43	-0.25	SNIPF
MMDDF	-0.33	0.7	0.45	0.28	0.0	-0.69	0.05	0.43		-0.55	MMDDF
QNST	0.42	-0.51	-0.07	-0.13	0.0	0.43	-0.1	-0.25	-0.55		QNST
	EVC	DRCT	CMPR	TSQ	CYPXF	INEOF	KDOZF	SNIPF	MMDDF	QNST

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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

TSQ	+ 0.8	DRCT
SNIPF	+ 0.78	DRCT
SNIPF	+ 0.73	TSQ
MMDDF	+ 0.7	DRCT
SNIPF	+ 0.6	CMPR
CMPR	+ 0.56	DRCT

High negative correlations

MMDDF	- 0.69	INEOF
QNST	- 0.55	MMDDF
QNST	- 0.51	DRCT
INEOF	- 0.47	CMPR
INEOF	- 0.4	DRCT
MMDDF	- 0.33	EVC

Risk-Adjusted Indicators

There is a big difference between Marchex Stock performing well and Marchex 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 Marchex'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
EVC	2.55	(0.12)	0.02	0.06	2.83	(3.17)	5.52	(4.93)	18.13
DRCT	3.77	(1.15)	0.00	(0.31)	0.00	0.00	7.73	(9.47)	27.17
CMPR	2.08	(0.28)	0.00	(0.11)	0.00	0.00	4.28	(5.81)	14.27
TSQ	1.94	(0.20)	0.00	(0.01)	0.00	0.00	3.34	(3.83)	12.12
CYPXF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
INEOF	3.40	1.10	0.00	(0.58)	0.00	0.00	8.25	0.00	70.89
KDOZF	15.11	6.45	0.00	2.02	0.00	0.00	10.00	0.00	361.11
SNIPF	3.85	0.02	(0.01)	0.17	4.55	(6.13)	10.88	(9.85)	26.25
MMDDF	1.95	(1.07)	0.00	(2.03)	0.00	0.00	0.00	0.00	42.73
QNST	2.46	0.09	0.05	0.16	3.23	(2.42)	6.24	(5.67)	15.48

Marchex Corporate Management

Trevor Caldwell	Senior Initiatives	Profile
Francis Feeney	Chief Secretary	Profile
Holly Aglio	Chief Officer	Profile
Lyall Vanatta	Vice Marketing	Profile

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