Marcus Correlations

MCS Stock

USD 17.13 0.11 0.64%

The current 90-days correlation between Marcus and Reservoir Media is -0.2 (i.e., Good 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

Very good diversification

The correlation between Marcus and DJI is -0.22 (i.e., Very good 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 main economic indicators.

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

Moving together with Marcus Stock

0.7	DIS	Walt Disney	Pair Corr
0.67	CURIW	CuriosityStream	Pair Corr
0.67	TC	TuanChe ADR	Pair Corr
0.76	TU	Telus Corp	Pair Corr
0.71	WB	Weibo Corp	Pair Corr
0.66	META	Meta Platforms	Pair Corr
0.74	MSGM	Motorsport Gaming	Pair Corr
0.61	GLSTR	Global Star Acquisition,	Pair Corr
0.62	NBIS	Nebius Group NV Symbol Change	Pair Corr

Moving against Marcus Stock

0.59	NMAX	Newsmax,	Pair Corr
0.49	NCMI	National CineMedia	Pair Corr
0.46	AENTW	Alliance Entertainment	Pair Corr
0.35	NCTY	The9 Ltd ADR	Pair Corr
0.35	GDEVW	Nexters Warrant	Pair Corr

Related Correlations Analysis

	NWSA	FWONA	WMG	FOX	RDI	RSVR	GAIA	NWS	RDIB	LVO
NWSA		0.92	-0.17	0.83	0.46	0.78	0.45	0.99	0.48	0.64	NWSA
FWONA	0.92		-0.41	0.89	0.6	0.7	0.54	0.9	0.5	0.68	FWONA
WMG	-0.17	-0.41		-0.51	-0.62	-0.02	-0.32	-0.14	0.01	-0.32	WMG
FOX	0.83	0.89	-0.51		0.57	0.71	0.28	0.82	0.22	0.74	FOX
RDI	0.46	0.6	-0.62	0.57		0.29	0.64	0.44	0.55	0.42	RDI
RSVR	0.78	0.7	-0.02	0.71	0.29		0.18	0.78	0.26	0.47	RSVR
GAIA	0.45	0.54	-0.32	0.28	0.64	0.18		0.43	0.76	0.35	GAIA
NWS	0.99	0.9	-0.14	0.82	0.44	0.78	0.43		0.49	0.62	NWS
RDIB	0.48	0.5	0.01	0.22	0.55	0.26	0.76	0.49		0.29	RDIB
LVO	0.64	0.68	-0.32	0.74	0.42	0.47	0.35	0.62	0.29		LVO
	NWSA	FWONA	WMG	FOX	RDI	RSVR	GAIA	NWS	RDIB	LVO

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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

NWS	+ 0.99	NWSA
FWONA	+ 0.92	NWSA
NWS	+ 0.9	FWONA
FOX	+ 0.89	FWONA
FOX	+ 0.83	NWSA
NWS	+ 0.82	FOX

High negative correlations

RDI	- 0.62	WMG
FOX	- 0.51	WMG
WMG	- 0.41	FWONA
LVO	- 0.32	WMG
GAIA	- 0.32	WMG
WMG	- 0.17	NWSA

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
NWSA	0.98	0.09	0.07	0.32	0.73	(1.16)	2.34	(1.70)	11.91
FWONA	1.19	0.31	0.10	1.00	1.27	(1.34)	2.68	(1.64)	9.14
WMG	1.36	(0.11)	(0.08)	0.09	2.11	(1.35)	2.26	(2.93)	13.96
FOX	1.33	(0.04)	(0.02)	0.20	1.49	(1.43)	3.00	(2.58)	12.47
RDI	2.34	0.00	(0.03)	0.24	2.49	(3.01)	5.93	(4.20)	16.12
RSVR	1.63	(0.03)	(0.02)	0.20	1.93	(1.74)	3.20	(3.24)	12.77
GAIA	3.33	0.56	0.04	(0.57)	3.98	(3.73)	10.32	(7.60)	21.27
NWS	0.96	0.12	0.10	0.37	0.57	(1.15)	2.23	(1.37)	12.18
RDIB	4.45	0.60	0.06	(6.65)	5.06	(5.15)	8.99	(7.31)	35.58
LVO	5.13	0.21	0.06	0.36	5.34	(6.66)	13.64	(8.75)	35.52

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