Emerald Expositions Correlations

EEX Stock

USD 3.87 0.06 1.57%

The current 90-days correlation between Emerald Expositions and QuinStreet is 0.31 (i.e., Weak diversification). The correlation of Emerald Expositions 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.

Emerald Expositions Correlation With Market

Very weak diversification

The correlation between Emerald Expositions Events and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Emerald Expositions Events and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Emerald Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Emerald Expositions Events. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in banks.

Moving together with Emerald Stock

0.84	VSME	VS Media Holdings	Pair Corr
0.72	EPWK	EPWK Holdings Buyout Trend	Pair Corr
0.68	BOC	Boston Omaha Corp	Pair Corr
0.72	CHR	Cheer Holding	Pair Corr
0.8	HAO	Haoxi Health Technology	Pair Corr
0.83	HHS	Harte Hanks	Pair Corr
0.66	IPG	Interpublic Group	Pair Corr
0.68	OMC	Omnicom Group	Pair Corr
0.61	SDM	Smart Digital Group	Pair Corr
0.75	WPP	WPP PLC ADR	Pair Corr
0.69	AFFLE	Affle Limited	Pair Corr
0.91	ILLM	illumin Holdings	Pair Corr
0.69	003010	Guangzhou Ruoyuchen Split	Pair Corr
0.67	605168	Threes Company	Pair Corr
0.8	LDWY	Lendway	Pair Corr

Moving against Emerald Stock

0.65	301313	Guangzhou Frontop Digital	Pair Corr
0.61	EDHL	Everbright Digital	Pair Corr
0.59	CCO	Clear Channel Outdoor	Pair Corr
0.54	000917	Hunan TV Broadcast	Pair Corr
0.52	IAS	Integral Ad Science	Pair Corr
0.59	INF	Informa PLC	Pair Corr
0.51	TAT	Tartana Minerals	Pair Corr
0.38	300612	Shunya International	Pair Corr

Related Correlations Analysis

	QNST	DLX	CCO	FVRR	CABO	EVER	SSTK	GETY	NMAX	GCI
QNST		0.2	-0.44	0.7	0.63	0.27	-0.34	0.24	0.73	-0.1	QNST
DLX	0.2		0.03	-0.06	-0.23	0.72	-0.47	-0.48	0.08	0.48	DLX
CCO	-0.44	0.03		-0.45	-0.52	-0.1	0.58	-0.17	-0.69	0.3	CCO
FVRR	0.7	-0.06	-0.45		0.68	-0.04	-0.24	0.46	0.58	-0.32	FVRR
CABO	0.63	-0.23	-0.52	0.68		-0.37	0.01	0.73	0.7	-0.62	CABO
EVER	0.27	0.72	-0.1	-0.04	-0.37		-0.68	-0.65	-0.06	0.8	EVER
SSTK	-0.34	-0.47	0.58	-0.24	0.01	-0.68		0.48	-0.34	-0.32	SSTK
GETY	0.24	-0.48	-0.17	0.46	0.73	-0.65	0.48		0.34	-0.64	GETY
NMAX	0.73	0.08	-0.69	0.58	0.7	-0.06	-0.34	0.34		-0.44	NMAX
GCI	-0.1	0.48	0.3	-0.32	-0.62	0.8	-0.32	-0.64	-0.44		GCI
	QNST	DLX	CCO	FVRR	CABO	EVER	SSTK	GETY	NMAX	GCI

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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

GCI	+ 0.8	EVER
NMAX	+ 0.73	QNST
GETY	+ 0.73	CABO
EVER	+ 0.72	DLX
FVRR	+ 0.7	QNST
NMAX	+ 0.7	CABO

High negative correlations

NMAX	- 0.69	CCO
SSTK	- 0.68	EVER
GETY	- 0.65	EVER
GCI	- 0.64	GETY
GCI	- 0.62	CABO
CABO	- 0.52	CCO

Risk-Adjusted Indicators

There is a big difference between Emerald Stock performing well and Emerald Expositions 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 Emerald Expositions' 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
QNST	1.69	(0.24)	0.00	(0.12)	0.00	0.00	4.02	(3.58)	12.10
DLX	1.45	(0.03)	(0.02)	0.00	1.61	(1.78)	2.19	(2.40)	18.48
CCO	3.02	0.56	0.21	0.23	2.34	(4.34)	7.75	(4.90)	25.90
FVRR	2.13	(0.25)	0.00	(0.23)	0.00	0.00	4.50	(4.75)	12.08
CABO	2.63	(0.72)	0.00	(0.27)	0.00	0.00	4.88	(5.61)	19.76
EVER	1.99	0.02	0.01	0.05	2.36	(2.13)	4.31	(4.36)	12.78
SSTK	2.59	(0.03)	0.00	0.11	0.00	0.00	5.53	(4.68)	20.79
GETY	3.20	(0.34)	0.00	1.05	0.00	0.00	8.26	(6.47)	19.71
NMAX	2.29	(0.95)	0.00	(0.53)	0.00	0.00	4.22	(5.27)	12.94
GCI	2.42	0.20	0.06	(0.56)	2.34	(3.15)	4.38	(4.72)	32.46

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