Arena Group Correlations
| AREN Stock | USD 1.94 0.07 3.48% |
The correlation of Arena Group is a statistical measure of how it moves in relation to other equities. 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 Arena Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Arena Group Holdings 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.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Arena Group Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in banks. Arena |
The ability to find closely correlated positions to Arena Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Arena Group 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 Arena Group - 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 Arena Group Holdings to buy it.
Moving together with Arena Stock
| + | 0.67 | OB | Outbrain | Fiscal Quarter End 31st of December 2023 | PairCorr | |
| + | 0.8 | TC | TuanChe ADR | PairCorr | ||
| + | 0.76 | ROI | RiskOn International | Symbol Change | PairCorr | |
| + | 0.64 | ZDGE | Zedge Inc | Report 12th of December 2023 | PairCorr |
Moving against Arena Stock
| - | 0.84 | TME | Tencent Music Entert | Fiscal Quarter End 31st of December 2023 | PairCorr | |
| - | 0.55 | MAX | MediaAlpha | Fiscal Quarter End 31st of December 2023 | PairCorr | |
| - | 0.47 | YELP | Yelp Inc | Fiscal Quarter End 31st of December 2023 | PairCorr |
Related Correlations Analysis
OB | TC | WB | YY | ZG | ZH | IAC | GETY | YELP | ||
OB | 0.86 | 0.71 | -0.78 | 0.9 | 0.28 | 0.75 | 0.41 | -0.38 | OB | |
TC | 0.86 | 0.62 | -0.48 | 0.72 | 0.3 | 0.54 | 0.61 | -0.49 | TC | |
WB | 0.71 | 0.62 | -0.53 | 0.67 | 0.34 | 0.58 | 0.18 | -0.05 | WB | |
YY | -0.78 | -0.48 | -0.53 | -0.75 | -0.11 | -0.63 | 0.05 | 0.3 | YY | |
ZG | 0.9 | 0.72 | 0.67 | -0.75 | 0.21 | 0.92 | 0.43 | -0.11 | ZG | |
ZH | 0.28 | 0.3 | 0.34 | -0.11 | 0.21 | 0.15 | 0.15 | -0.09 | ZH | |
IAC | 0.75 | 0.54 | 0.58 | -0.63 | 0.92 | 0.15 | 0.43 | 0.12 | IAC | |
GETY | 0.41 | 0.61 | 0.18 | 0.05 | 0.43 | 0.15 | 0.43 | -0.23 | GETY | |
YELP | -0.38 | -0.49 | -0.05 | 0.3 | -0.11 | -0.09 | 0.12 | -0.23 | YELP | |
OB | TC | WB | YY | ZG | ZH | IAC | GETY | YELP |
| 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 |
Risk-Adjusted Indicators
There is a big difference between Arena Stock performing well and Arena Group 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 Arena Group'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 | Information Ratio | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| OB | 2.00 | (0.54) | 0.00 | (0.53) | 0.00 | (0.19) | 0.00 | 3.68 | (4.57) | 17.92 | |
| TC | 3.54 | (0.66) | 0.00 | (1.35) | 0.00 | (0.14) | 0.00 | 5.88 | (8.33) | 23.66 | |
| WB | 1.99 | (0.24) | 0.00 | (0.14) | 0.00 | (0.09) | 0.00 | 5.17 | (4.18) | 11.81 | |
| YY | 1.28 | 0.24 | 0.15 | 0.32 | 1.36 | 0.14 | (1.48) | 3.69 | (1.96) | 9.91 | |
| ZG | 1.94 | (0.26) | 0.00 | (0.16) | 0.00 | (0.09) | 0.00 | 3.29 | (4.01) | 15.92 | |
| ZH | 1.88 | (0.07) | 0.00 | (0.37) | 0.00 | (0.0232) | 0.00 | 3.06 | (3.88) | 17.04 | |
| IAC | 1.25 | (0.21) | 0.00 | (0.14) | 0.00 | (0.12) | 0.00 | 2.66 | (3.05) | 8.44 | |
| GETY | 3.74 | 0.26 | 0.04 | 0.11 | 5.41 | 0.05 | (3.60) | 7.35 | (8.56) | 28.80 | |
| YELP | 1.30 | 0.04 | 0.02 | 0.04 | 1.49 | 0.0227 | (1.44) | 2.96 | (2.41) | 7.97 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Arena Group 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.Did you try this?
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Arena Group Corporate Management
Elected by the shareholders, the Arena Group's board of directors comprises two types of representatives: Arena Group inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Arena. The board's role is to monitor Arena Group's management team and ensure that shareholders' interests are well served. Arena Group'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, Arena Group's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Andrew Kraft | Chief Officer | Profile | |
| Avi Zimak | Chief Partnerships | Profile | |
| Paul Edmondson | Pres Platform | Profile | |
| Douglas Smith | CFO Sec | Profile | |
| Martin CPA | Ex Fin | Profile | |
| Indraneel Mukherjee | Chief Officer | Profile | |
| Ross Levinsohn | Chairman CEO | Profile |
Already Invested in Arena Group Holdings?
The danger of trading Arena Group Holdings is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Arena Group is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Arena Group. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Arena Group Holdings is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Arena Group Holdings offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Arena Group's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Arena Group Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Arena Group Holdings Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Arena Group Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in banks. Note that the Arena Group Holdings information on this page should be used as a complementary analysis to other Arena Group's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Complementary Tools for Arena Stock analysis
When running Arena Group's price analysis, check to measure Arena Group'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 Arena Group is operating at the current time. Most of Arena Group's value examination focuses on studying past and present price action to predict the probability of Arena Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Arena Group's price. Additionally, you may evaluate how the addition of Arena Group to your portfolios can decrease your overall portfolio volatility.
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Is Arena Group's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Arena Group. If investors know Arena will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Arena Group listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.92) | Revenue Per Share 11.313 | Quarterly Revenue Growth 0.107 | Return On Assets (0.15) |
The market value of Arena Group Holdings is measured differently than its book value, which is the value of Arena that is recorded on the company's balance sheet. Investors also form their own opinion of Arena Group's value that differs from its market value or its book value, called intrinsic value, which is Arena Group's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Arena Group's market value can be influenced by many factors that don't directly affect Arena Group's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Arena Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Arena Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Arena Group's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.