Genius Sports Correlations
| GENI Stock | USD 5.09 0.03 0.59% |
The correlation of Genius Sports 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 Genius Sports moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Genius Sports 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 Genius Sports and NYA is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Genius Sports and NYA in the same portfolio, assuming nothing else is changed.
Genius |
The ability to find closely correlated positions to Genius Sports could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Genius Sports 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 Genius Sports - 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 Genius Sports to buy it.
Moving together with Genius Stock
| 0.82 | Z | Zillow Group Class Financial Report 1st of May 2024 | PairCorr |
| 0.81 | ZG | Zillow Group Earnings Call This Week | PairCorr |
| 0.61 | GMM | Global Mofy Metaverse | PairCorr |
| 0.8 | FVRR | Fiverr International Financial Report 9th of May 2024 | PairCorr |
| 0.71 | SLE | Super League Enterprise Symbol Change | PairCorr |
Moving against Genius Stock
| 0.75 | FENG | Phoenix New Media | PairCorr |
| 0.66 | EVER | EverQuote Class A Financial Report 13th of May 2024 | PairCorr |
| 0.44 | MAX | MediaAlpha Earnings Call This Week | PairCorr |
| 0.8 | JFIN | Jiayin Group | PairCorr |
| 0.76 | IZEA | IZEA Inc Financial Report 20th of May 2024 | PairCorr |
| 0.68 | TME | Tencent Music Entert Financial Report 21st of May 2024 | PairCorr |
Related Correlations Analysis
| 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 Genius Stock performing well and Genius Sports 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 Genius Sports' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Z | 1.98 | (0.51) | 0.00 | (0.12) | 0.00 | 3.29 | 21.25 | |||
| OB | 2.35 | (0.07) | 0.00 | 0.05 | 3.14 | 6.16 | 15.37 | |||
| TC | 5.44 | (0.48) | 0.00 | (0.33) | 0.00 | 12.36 | 38.43 | |||
| WB | 2.39 | 0.02 | 0.03 | 0.09 | 2.99 | 5.16 | 17.49 | |||
| YY | 1.98 | 0.07 | 0.04 | 0.14 | 2.28 | 4.31 | 12.01 | |||
| ZH | 2.87 | (0.39) | 0.00 | (0.28) | 0.00 | 5.48 | 15.87 | |||
| DOYU | 3.03 | 0.05 | 0.01 | 0.13 | 3.69 | 6.84 | 17.46 | |||
| EVER | 3.00 | 0.68 | 0.22 | 0.43 | 3.00 | 8.28 | 18.44 | |||
| FENG | 4.52 | 0.56 | 0.11 | 7.15 | 4.19 | 15.38 | 53.87 | |||
| CCG | 5.75 | (1.53) | 0.00 | (0.41) | 0.00 | 11.47 | 63.46 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Genius Sports 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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Genius Sports Corporate Management
Elected by the shareholders, the Genius Sports' board of directors comprises two types of representatives: Genius Sports inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Genius. The board's role is to monitor Genius Sports' management team and ensure that shareholders' interests are well served. Genius Sports' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Genius Sports' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Daniel Burns | Director | Profile | |
| Brandon Bukstel | Investor Manager | Profile | |
| Chris Dougan | Chief Officer | Profile | |
| Harry You | Independent Director | Profile |
Already Invested in Genius Sports?
The danger of trading Genius Sports 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 Genius Sports 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 Genius Sports. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Genius Sports 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 Genius Sports offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Genius Sports' 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 Genius Sports Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Genius Sports Stock: Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Genius Sports. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more detail on how to invest in Genius Stock please use our How to Invest in Genius Sports guide.You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Complementary Tools for Genius Stock analysis
When running Genius Sports' price analysis, check to measure Genius Sports' 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 Genius Sports is operating at the current time. Most of Genius Sports' value examination focuses on studying past and present price action to predict the probability of Genius Sports' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Genius Sports' price. Additionally, you may evaluate how the addition of Genius Sports to your portfolios can decrease your overall portfolio volatility.
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Is Genius Sports' 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 Genius Sports. If investors know Genius 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 Genius Sports listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.38) | Revenue Per Share 1.828 | Quarterly Revenue Growth 0.207 | Return On Assets (0.06) | Return On Equity (0.15) |
The market value of Genius Sports is measured differently than its book value, which is the value of Genius that is recorded on the company's balance sheet. Investors also form their own opinion of Genius Sports' value that differs from its market value or its book value, called intrinsic value, which is Genius Sports' 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 Genius Sports' market value can be influenced by many factors that don't directly affect Genius Sports' 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 Genius Sports' value and its price as these two are different measures arrived at by different means. Investors typically determine if Genius Sports is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Genius Sports' 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.