Reading International Correlations

RDIB Stock  USD 11.55  0.95  7.60%   
The current 90-days correlation between Reading International and Reservoir Media is 0.04 (i.e., Significant 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 -0.07 (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.
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 gross domestic product.
For information on how to trade Reading Stock refer to our How to Trade Reading Stock guide.

Moving together with Reading Stock

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Moving against Reading Stock

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Related Correlations Analysis

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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   
NWSANWS
FWONANWSA
FWONAMCS
FWONANWS
FWONARDI
RDIMCS
  
High negative correlations   
GAIALDSN
BATRALDSN
NWSALDSN
FWONALDSN
NWSLDSN
MCSLDSN

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
RSVR  1.46 (0.20) 0.00  4.20  0.00 
 2.60 
 8.76 
LDSN  4.30  0.09  0.01 (0.30) 7.19 
 13.64 
 49.71 
MCS  1.77 (0.27) 0.00 (0.40) 0.00 
 2.16 
 13.32 
GAIA  3.09  0.09  0.00 (0.07) 0.00 
 10.08 
 15.37 
RDI  2.48 (0.07) 0.00 (0.22) 0.00 
 5.04 
 16.76 
LVO  5.15 (0.51) 0.00 (0.46) 0.00 
 13.64 
 35.52 
NWS  1.32  0.09  0.00 (0.04) 0.00 
 2.85 
 12.18 
NWSA  1.36  0.09  0.00 (0.04) 0.00 
 2.38 
 11.91 
BATRA  0.99  0.12  0.13  0.06  1.21 
 1.95 
 7.99 
FWONA  1.92  0.05  0.00 (0.08) 0.00 
 3.80 
 12.93 

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 CPAExecutive CFOProfile
Gilbert AvanesInterim CFO and TreasurerProfile