Madison Square Correlations
| MSGE Stock | USD 34.81 0.15 0.43% |
The correlation of Madison Square 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Madison Square moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Madison Square Garden moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Weak diversification
The correlation between Madison Square Garden and NYA is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Madison Square Garden and NYA in the same portfolio, assuming nothing else is changed.
Madison |
The ability to find closely correlated positions to Madison Square could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Madison Square 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 Madison Square - 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 Madison Square Garden to buy it.
Moving together with Madison Stock
| 0.84 | ADV | Advantage Solutions | PairCorr |
| 0.75 | DIS | Walt Disney Financial Report 14th of August 2024 | PairCorr |
Moving against Madison Stock
| 0.55 | SE | Sea | PairCorr |
| 0.54 | T | ATT Inc Earnings Call This Week | PairCorr |
| 0.52 | OB | Outbrain | PairCorr |
| 0.5 | FLNT | Fluent Inc | PairCorr |
| 0.45 | TC | TuanChe ADR | PairCorr |
| 0.42 | BZ | Kanzhun Ltd ADR | PairCorr |
Related Correlations Analysis
| 0.39 | 0.52 | -0.15 | 0.47 | MSGS | ||
| 0.39 | 0.59 | 0.36 | 0.59 | GHC | ||
| 0.52 | 0.59 | 0.26 | 0.91 | BATRA | ||
| -0.15 | 0.36 | 0.26 | 0.23 | LYV | ||
| 0.47 | 0.59 | 0.91 | 0.23 | BATRK | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Madison Stock performing well and Madison Square 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 Madison Square'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MSGS | 0.69 | (0.01) | (0.01) | 0.00 | 0.83 | 1.58 | 3.96 | |||
| GHC | 1.08 | 0.07 | 0.06 | 0.05 | 1.23 | 2.36 | 7.75 | |||
| BATRA | 0.95 | 0.00 | 0.00 | 0.01 | 1.18 | 1.99 | 4.77 | |||
| LYV | 1.34 | (0.06) | 0.00 | (0.03) | 0.00 | 2.56 | 15.05 | |||
| BATRK | 0.93 | 0.04 | 0.04 | 0.05 | 1.09 | 1.89 | 5.30 |
Madison Square Corporate Management
| Sandra Kapell | Exec Officer | Profile | |
| Brian Sweeney | Director | Profile | |
| Ari CFA | Financial Relations | Profile | |
| Andrew Lustgarten | President | Profile | |
| Joseph Yospe | Senior Vice President Principal Accounting Officer, Controller | Profile | |
| Matthew Blank | Independent Director | Profile | |
| Scott Packman | Executive Vice President General Counsel | Profile |
Complementary Tools for Madison Stock analysis
When running Madison Square's price analysis, check to measure Madison Square's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Madison Square is operating at the current time. Most of Madison Square's value examination focuses on studying past and present price action to predict the probability of Madison Square's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Madison Square's price. Additionally, you may evaluate how the addition of Madison Square to your portfolios can decrease your overall portfolio volatility.
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum |