Reading International Correlations

RDIB Stock

USD 11.13 0.62 5.28%

The current 90-days correlation between Reading International and Reservoir Media is 0.29 (i.e., Modest diversification). The correlation of Reading International 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.

Reading International Correlation With Market

Good diversification

The correlation between Reading International B and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Reading International B and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Reading Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Reading International B. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

For information on how to trade Reading Stock refer to our How to Trade Reading Stock guide.

Moving together with Reading Stock

0.64	GCI	Gannett	Pair Corr
0.77	TME	Tencent Music Entert	Pair Corr
0.7	WMG	Warner Music Group	Pair Corr
0.67	LSCC	Lattice Semiconductor	Pair Corr

Moving against Reading Stock

0.76	PLTK	Playtika Holding Corp	Pair Corr
0.73	ORTEL	Ortel Communications	Pair Corr
0.69	MYPS	Playstudios	Pair Corr
0.61	HATHWAY	Hathway Cable Datacom Earnings Call This Week	Pair Corr
0.58	KUKE	Kuke Music Holding	Pair Corr
0.55	GAME	GameSquare Holdings	Pair Corr
0.51	DIS	Walt Disney	Pair Corr
0.44	AMC	AMC Entertainment Aggressive Push	Pair Corr
0.43	MSGM	Motorsport Gaming	Pair Corr
0.55	BKRKF	PT Bank Rakyat	Pair Corr
0.45	FORM	FormFactor	Pair Corr
0.38	CICHF	China Construction Bank	Pair Corr
0.35	PBCRF	PT Bank Central	Pair Corr

Related Correlations Analysis

	RSVR	LDSN	MCS	GAIA	RDI	LVO	NWS	NWSA	BATRA	FWONA
RSVR		-0.16	0.13	0.26	0.33	-0.18	-0.06	0.2	-0.11	0.35	RSVR
LDSN	-0.16		0.55	-0.73	-0.59	0.78	0.23	-0.3	0.76	-0.34	LDSN
MCS	0.13	0.55		-0.52	-0.37	0.61	0.23	0.1	0.75	0.47	MCS
GAIA	0.26	-0.73	-0.52		0.89	-0.84	-0.23	0.42	-0.84	0.22	GAIA
RDI	0.33	-0.59	-0.37	0.89		-0.79	-0.21	0.39	-0.67	0.25	RDI
LVO	-0.18	0.78	0.61	-0.84	-0.79		0.42	-0.18	0.86	-0.13	LVO
NWS	-0.06	0.23	0.23	-0.23	-0.21	0.42		0.58	0.47	0.16	NWS
NWSA	0.2	-0.3	0.1	0.42	0.39	-0.18	0.58		-0.15	0.5	NWSA
BATRA	-0.11	0.76	0.75	-0.84	-0.67	0.86	0.47	-0.15		0.03	BATRA
FWONA	0.35	-0.34	0.47	0.22	0.25	-0.13	0.16	0.5	0.03		FWONA
	RSVR	LDSN	MCS	GAIA	RDI	LVO	NWS	NWSA	BATRA	FWONA

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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

RDI	+ 0.89	GAIA
BATRA	+ 0.86	LVO
LVO	+ 0.78	LDSN
BATRA	+ 0.76	LDSN
BATRA	+ 0.75	MCS
LVO	+ 0.61	MCS

High negative correlations

BATRA	- 0.84	GAIA
LVO	- 0.84	GAIA
LVO	- 0.79	RDI
GAIA	- 0.73	LDSN
BATRA	- 0.67	RDI
RDI	- 0.59	LDSN

Risk-Adjusted Indicators

There is a big difference between Reading Stock performing well and Reading International 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 Reading International'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
RSVR	1.36	(0.08)	(0.02)	0.01	1.78	(1.58)	3.26	(3.02)	9.00
LDSN	6.20	(2.57)	0.00	0.88	0.00	0.00	0.00	(15.56)	117.86
MCS	1.51	(0.25)	0.00	(0.09)	0.00	0.00	3.81	(3.13)	13.09
GAIA	2.68	0.35	0.17	0.21	2.33	(3.18)	6.05	(4.00)	21.97
RDI	2.22	0.21	0.07	0.43	2.32	(2.62)	4.35	(3.73)	13.53
LVO	3.50	(1.15)	0.00	(0.60)	0.00	0.00	7.89	(9.24)	19.41
NWS	1.03	(0.16)	0.00	(0.10)	0.00	0.00	2.04	(2.44)	8.52
NWSA	1.02	(0.14)	0.00	(0.05)	0.00	0.00	2.26	(1.88)	8.52
BATRA	0.79	(0.20)	0.00	(0.16)	0.00	0.00	1.48	(1.97)	4.40
FWONA	1.05	(0.03)	0.00	0.05	1.21	(1.12)	2.22	(2.09)	6.18

Reading International Corporate Executives

Elected by the shareholders, the Reading International's board of directors comprises two types of representatives: Reading International inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Reading. The board's role is to monitor Reading International's management team and ensure that shareholders' interests are well served. Reading International's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Reading International's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Gilbert CPA	Executive CFO	Profile
	Gilbert Avanes	Interim CFO and Treasurer	Profile

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