Reservoir Media Correlations

RSVR Stock

USD 7.52 0.15 1.96%

The current 90-days correlation between Reservoir Media and Reading International is 0.12 (i.e., Average diversification). The correlation of Reservoir Media 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.

Reservoir Media Correlation With Market

Very weak diversification

The correlation between Reservoir Media and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Reservoir Media and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Reservoir Stock

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

To learn how to invest in Reservoir Stock, please use our How to Invest in Reservoir Media guide.

Moving against Reservoir Stock

0.32

CREATIVEYE

Creative Eye Limited

Pair Corr

Related Correlations Analysis

	RDI	MCS	GAIA	NWS	RDIB	NWSA	BATRA	LDSN	FWONA	WMG
RDI		-0.1	0.79	-0.04	0.65	0.2	-0.42	-0.4	0.39	0.82	RDI
MCS	-0.1		-0.47	0.63	-0.29	0.65	0.82	0.64	0.03	-0.14	MCS
GAIA	0.79	-0.47		-0.35	0.61	-0.1	-0.78	-0.7	0.42	0.83	GAIA
NWS	-0.04	0.63	-0.35		-0.01	0.91	0.72	0.57	-0.3	-0.07	NWS
RDIB	0.65	-0.29	0.61	-0.01		0.08	-0.38	-0.15	-0.1	0.59	RDIB
NWSA	0.2	0.65	-0.1	0.91	0.08		0.53	0.4	-0.13	0.13	NWSA
BATRA	-0.42	0.82	-0.78	0.72	-0.38	0.53		0.81	-0.32	-0.45	BATRA
LDSN	-0.4	0.64	-0.7	0.57	-0.15	0.4	0.81		-0.61	-0.47	LDSN
FWONA	0.39	0.03	0.42	-0.3	-0.1	-0.13	-0.32	-0.61		0.37	FWONA
WMG	0.82	-0.14	0.83	-0.07	0.59	0.13	-0.45	-0.47	0.37		WMG
	RDI	MCS	GAIA	NWS	RDIB	NWSA	BATRA	LDSN	FWONA	WMG

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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

NWSA	+ 0.91	NWS
WMG	+ 0.83	GAIA
WMG	+ 0.82	RDI
BATRA	+ 0.82	MCS
LDSN	+ 0.81	BATRA
GAIA	+ 0.79	RDI

High negative correlations

BATRA	- 0.78	GAIA
LDSN	- 0.7	GAIA
FWONA	- 0.61	LDSN
WMG	- 0.47	LDSN
GAIA	- 0.47	MCS
WMG	- 0.45	BATRA

Risk-Adjusted Indicators

There is a big difference between Reservoir Stock performing well and Reservoir Media 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 Reservoir Media'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
RDI	2.28	0.06	0.02	0.13	2.54	(2.70)	5.51	(4.29)	14.03
MCS	1.63	(0.46)	0.00	(0.26)	0.00	0.00	3.81	(3.33)	12.71
GAIA	2.85	0.42	0.17	0.23	2.52	(3.27)	7.43	(5.22)	21.97
NWS	1.11	(0.29)	0.00	(0.24)	0.00	0.00	2.04	(2.62)	8.52
RDIB	5.04	0.42	0.07	1.02	4.86	(6.38)	12.55	(9.74)	27.65
NWSA	1.15	(0.28)	0.00	(0.16)	0.00	0.00	2.26	(2.42)	8.52
BATRA	0.73	(0.27)	0.00	(0.30)	0.00	0.00	1.22	(1.75)	4.40
LDSN	29.94	13.48	0.00	(0.41)	0.00	0.00	0.00	(11.76)	92.86
FWONA	1.09	(0.09)	0.00	(0.03)	0.00	0.00	2.22	(2.13)	6.44
WMG	1.03	0.05	0.03	0.11	1.18	(1.19)	2.24	(1.85)	6.51

Reservoir Media Corporate Management

Golnar Khosrowshahi	CEO Founder	Profile
Faith Newman	VP Creative	Profile
Jim Heindlmeyer	Chief Officer	Profile
Suzy Arrabito	Vice Communications	Profile
James Heindlmeyer	Chief Officer	Profile

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