Marcus Correlations

MCS Stock

USD 15.28 0.09 0.59%

The current 90-days correlation between Marcus and Reservoir Media is 0.39 (i.e., Weak diversification). The correlation of Marcus 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.

Marcus Correlation With Market

Modest diversification

The correlation between Marcus and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Marcus and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Marcus Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Marcus. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

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

Moving against Marcus Stock

0.67	DRCT	Direct Digital Holdings	Pair Corr
0.61	KWM	K Wave Media	Pair Corr
0.58	WLYB	John Wiley Sons	Pair Corr
0.52	ADV	Advantage Solutions	Pair Corr
0.5	AMC	AMC Entertainment	Pair Corr
0.45	LYV	Live Nation Entertainment	Pair Corr
0.44	WIMI	WiMi Hologram Cloud	Pair Corr
0.44	SPRX	Sparx Technology	Pair Corr
0.42	603721	TVZone Media	Pair Corr
0.4	GDEVW	Nexters Warrant	Pair Corr
0.37	ZH	Zhihu Inc ADR	Pair Corr
0.73	CJR-B	Corus Entertainment	Pair Corr
0.69	GROM	Grom Social Enterprises	Pair Corr
0.64	SEATW	Vivid Seats Warrant	Pair Corr
0.63	GAIA	Gaia Inc	Pair Corr
0.62	300770	Guangdong South New	Pair Corr
0.61	TME	Tencent Music Entert	Pair Corr
0.59	GAME	GameSquare Holdings	Pair Corr
0.57	WMG	Warner Music Group	Pair Corr
0.55	GTNA	Gray Television	Pair Corr
0.45	RDI	Reading International	Pair Corr
0.4	GDEV	GDEV Inc	Pair Corr
0.38	GMGI	Golden Matrix Group	Pair Corr
0.36	TBH	Brag House Holdings,	Pair Corr

Related Correlations Analysis

	RSVR	AENT	WOW	AMCX	GTN	ATEX	PERI	TTGT	BOC	NCMI
RSVR		-0.05	-0.17	-0.05	0.72	0.54	-0.07	0.65	0.46	0.67	RSVR
AENT	-0.05		0.53	0.81	0.3	0.43	0.41	-0.16	-0.24	-0.27	AENT
WOW	-0.17	0.53		0.66	0.11	0.28	0.67	-0.27	-0.39	-0.34	WOW
AMCX	-0.05	0.81	0.66		0.27	0.41	0.62	-0.17	-0.06	-0.31	AMCX
GTN	0.72	0.3	0.11	0.27		0.63	0.09	0.53	0.15	0.53	GTN
ATEX	0.54	0.43	0.28	0.41	0.63		0.33	0.41	0.18	0.23	ATEX
PERI	-0.07	0.41	0.67	0.62	0.09	0.33		-0.1	-0.03	-0.27	PERI
TTGT	0.65	-0.16	-0.27	-0.17	0.53	0.41	-0.1		0.54	0.63	TTGT
BOC	0.46	-0.24	-0.39	-0.06	0.15	0.18	-0.03	0.54		0.22	BOC
NCMI	0.67	-0.27	-0.34	-0.31	0.53	0.23	-0.27	0.63	0.22		NCMI
	RSVR	AENT	WOW	AMCX	GTN	ATEX	PERI	TTGT	BOC	NCMI

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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

AMCX	+ 0.81	AENT
GTN	+ 0.72	RSVR
NCMI	+ 0.67	RSVR
PERI	+ 0.67	WOW
AMCX	+ 0.66	WOW
TTGT	+ 0.65	RSVR

High negative correlations

BOC	- 0.39	WOW
NCMI	- 0.34	WOW
NCMI	- 0.31	AMCX
NCMI	- 0.27	PERI
TTGT	- 0.27	WOW
NCMI	- 0.27	AENT

Risk-Adjusted Indicators

There is a big difference between Marcus Stock performing well and Marcus 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 Marcus' 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
RSVR	1.02	(0.10)	0.00	(0.13)	0.00	0.00	2.18	(2.54)	7.58
AENT	3.31	0.29	0.07	0.41	3.50	(3.76)	8.65	(5.32)	25.74
WOW	0.21	(0.01)	(0.19)	0.02	0.22	(0.33)	0.59	(0.39)	1.36
AMCX	1.96	0.24	0.11	0.26	1.91	(2.40)	4.07	(3.58)	11.16
GTN	2.44	(0.34)	0.00	(0.11)	0.00	0.00	4.86	(4.83)	11.80
ATEX	2.25	(0.03)	(0.02)	0.02	2.97	(2.21)	3.83	(4.36)	20.21
PERI	1.58	(0.06)	0.00	0.04	1.55	(2.08)	3.12	(3.15)	14.14
TTGT	2.84	(0.49)	0.00	(0.10)	0.00	0.00	5.77	(6.28)	15.02
BOC	1.41	(0.05)	0.00	(0.24)	0.00	0.00	2.62	(3.93)	16.99
NCMI	1.70	(0.23)	0.00	0.50	0.00	0.00	3.94	(3.74)	14.59

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