Match Correlations

4MGN Stock

EUR 31.39 0.28 0.88%

The current 90-days correlation between Match Group and InterContinental Hotels Group is 0.24 (i.e., Modest diversification). The correlation of Match 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.

Match Correlation With Market

Average diversification

The correlation between Match Group and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Match Group and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Match could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Match when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Match - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Match Group to buy it.

Moving together with Match Stock

0.79	LLD2	Lloyds Banking Group	Pair Corr
0.94	OIX	ORIX	Pair Corr
0.94	OIXA	Orix Corp Ads	Pair Corr
0.87	SUMB	SUMITOMO P SP	Pair Corr
0.93	APC	Apple Inc	Pair Corr
0.88	LU2	Lumentum Holdings	Pair Corr
0.92	2N2A	Gannett	Pair Corr
0.83	MCY	MERCURY SYSTEM	Pair Corr
0.89	NRE	Nokian Renkaat Oyj	Pair Corr
0.87	O4H	OPEN HOUSE GROUP	Pair Corr
0.86	TJX	TJX Companies	Pair Corr
0.76	RYQ	Rayonier Advanced	Pair Corr
0.7	SII	Wheaton Precious Metals	Pair Corr
0.96	48CA	CaixaBank SA	Pair Corr
0.69	26Y	YATRA ONLINE DL	Pair Corr
0.68	AOMD	Alstom SA	Pair Corr
0.92	IEA	Informa PLC	Pair Corr
0.83	HENE	HENKEL AG GAA	Pair Corr
0.94	FRA	Fraport AG	Pair Corr
0.87	HRZ	HUSQVARNA B	Pair Corr
0.91	D1U	Daihatsu Diesel Mfg	Pair Corr
0.68	FFH	Fifth Third Bancorp	Pair Corr
0.75	BSL	BASLER	Pair Corr
0.91	9IE	OHARA INC	Pair Corr
0.94	NPWA	Smith Nephew plc	Pair Corr
0.82	6GAA	Grupo Aval Acciones	Pair Corr

Moving against Match Stock

0.6	W8V	Bank of China Limited	Pair Corr
0.52	7HR	CHILL BRANDS GROUP	Pair Corr
0.65	E908	Lyxor 1	Pair Corr
0.51	VBK	VERBIO VGT BIOENERG	Pair Corr
0.38	DBPD	Xtrackers ShortDAX	Pair Corr

Related Correlations Analysis

	AZU	IC1H	CL1A	6CF	NY70	NI6	AFO2	CM2
AZU		0.34	0.13	0.26	0.51	0.34	-0.04	0.18	AZU
IC1H	0.34		0.06	0.69	0.54	0.51	0.5	0.59	IC1H
CL1A	0.13	0.06		0.04	-0.24	-0.46	-0.42	-0.19	CL1A
6CF	0.26	0.69	0.04		0.34	0.36	0.54	0.66	6CF
NY70	0.51	0.54	-0.24	0.34		0.74	0.5	0.66	NY70
NI6	0.34	0.51	-0.46	0.36	0.74		0.58	0.68	NI6
AFO2	-0.04	0.5	-0.42	0.54	0.5	0.58		0.75	AFO2
CM2	0.18	0.59	-0.19	0.66	0.66	0.68	0.75		CM2
	AZU	IC1H	CL1A	6CF	NY70	NI6	AFO2	CM2

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

CM2	+ 0.75	AFO2
NI6	+ 0.74	NY70
6CF	+ 0.69	IC1H
CM2	+ 0.68	NI6
CM2	+ 0.66	6CF
CM2	+ 0.66	NY70

High negative correlations

NI6	- 0.46	CL1A
AFO2	- 0.42	CL1A
NY70	- 0.24	CL1A
CM2	- 0.19	CL1A
AFO2	- 0.04	AZU

Risk-Adjusted Indicators

There is a big difference between Match Stock performing well and Match 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 Match'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
AZU	0.63	0.08	(0.03)	(0.34)	0.71	(0.66)	1.28	(1.15)	3.51
IC1H	1.14	0.07	(0.02)	(0.28)	1.26	(1.63)	2.51	(2.01)	11.28
CL1A	2.24	0.45	0.08	(0.48)	2.66	(3.59)	7.97	(2.92)	27.21
6CF	1.71	0.50	0.25	(10.13)	1.01	(2.95)	3.66	(2.75)	20.47
NY70	1.10	0.15	0.01	(0.43)	1.63	(2.04)	3.23	(3.50)	14.87
NI6	0.93	0.11	0.02	1.10	1.11	(1.36)	2.61	(1.84)	8.72
AFO2	0.93	0.02	(0.02)	0.16	1.10	(1.29)	2.36	(1.65)	7.02
CM2	1.75	0.28	0.07	17.50	2.36	(1.91)	4.36	(3.65)	19.42

Be your own money manager

Our tools can tell you how much better you can do entering a position in Match without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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