RCS MediaGroup Correlations

RZSMF Stock

USD 0.80 0.01 1.23%

The current 90-days correlation between RCS MediaGroup SpA and Scholastic is -0.14 (i.e., Good diversification). The correlation of RCS MediaGroup 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.

RCS MediaGroup Correlation With Market

Good diversification

The correlation between RCS MediaGroup SpA and NYA is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding RCS MediaGroup SpA and NYA in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to RCS MediaGroup could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace RCS MediaGroup 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 RCS MediaGroup - 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 RCS MediaGroup SpA to buy it.

Moving together with RCS Pink Sheet

0.62	RELX	Relx PLC ADR	Pair Corr
0.77	NYT	New York Times	Pair Corr
0.66	MPW	Medical Properties Trust	Pair Corr
0.71	GRAB	Grab Holdings	Pair Corr
0.63	WMT	Walmart	Pair Corr
0.62	PFE	Pfizer Inc Financial Report 6th of August 2024	Pair Corr

Moving against RCS Pink Sheet

0.7	NKLA	Nikola Corp	Pair Corr
0.68	PSO	Pearson PLC ADR	Pair Corr
0.54	DNA	Ginkgo Bioworks Holdings	Pair Corr
0.46	SIRI	Sirius XM Holding	Pair Corr
0.41	LUMN	Lumen Technologies	Pair Corr
0.86	DIS	Walt Disney Financial Report 14th of August 2024	Pair Corr
0.6	IBM	International Business Financial Report 17th of July 2024	Pair Corr
0.58	CSCO	Cisco Systems Financial Report 21st of August 2024	Pair Corr
0.58	TRV	The Travelers Companies Financial Report 18th of July 2024	Pair Corr
0.44	MCD	McDonalds Financial Report 25th of July 2024	Pair Corr

Related Correlations Analysis

	FPNUF	RZSMF	SCHL	LEE	WLY	GCI	DALN	PSO	NYT
FPNUF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	FPNUF
RZSMF	0.0		-0.14	-0.07	-0.04	0.69	0.02	-0.68	0.77	RZSMF
SCHL	0.0	-0.14		-0.41	-0.54	-0.62	0.48	0.15	-0.4	SCHL
LEE	0.0	-0.07	-0.41		0.6	0.33	-0.32	0.23	0.21	LEE
WLY	0.0	-0.04	-0.54	0.6		0.34	-0.56	0.28	0.2	WLY
GCI	0.0	0.69	-0.62	0.33	0.34		-0.23	-0.51	0.93	GCI
DALN	0.0	0.02	0.48	-0.32	-0.56	-0.23		-0.01	-0.03	DALN
PSO	0.0	-0.68	0.15	0.23	0.28	-0.51	-0.01		-0.51	PSO
NYT	0.0	0.77	-0.4	0.21	0.2	0.93	-0.03	-0.51		NYT
	FPNUF	RZSMF	SCHL	LEE	WLY	GCI	DALN	PSO	NYT

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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

NYT	+ 0.93	GCI
NYT	+ 0.77	RZSMF
GCI	+ 0.69	RZSMF
WLY	+ 0.6	LEE
DALN	+ 0.48	SCHL
GCI	+ 0.34	WLY

High negative correlations

PSO	- 0.68	RZSMF
GCI	- 0.62	SCHL
DALN	- 0.56	WLY
WLY	- 0.54	SCHL
NYT	- 0.51	PSO
PSO	- 0.51	GCI

Risk-Adjusted Indicators

There is a big difference between RCS Pink Sheet performing well and RCS MediaGroup 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 RCS MediaGroup'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
FPNUF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RZSMF	2.23	0.18	0.03	(0.24)	2.49	(7.52)	8.14	(6.58)	33.29
SCHL	1.19	(0.21)	0.00	(0.21)	0.00	0.00	2.14	(2.45)	6.06
LEE	2.47	0.41	0.12	0.78	2.83	(3.32)	8.94	(4.91)	31.03
WLY	1.56	0.29	0.20	0.24	1.30	(1.84)	3.12	(2.39)	15.57
GCI	3.20	1.08	0.29	0.54	3.01	(3.86)	6.25	(6.20)	33.42
DALN	1.50	(0.05)	0.00	0.22	0.00	0.00	3.46	(4.23)	10.17
PSO	1.02	0.00	0.00	0.03	1.03	(1.20)	2.12	(1.57)	7.12
NYT	0.82	0.19	0.16	0.29	0.83	(0.94)	1.99	(1.46)	4.47

Be your own money manager

Our tools can tell you how much better you can do entering a position in RCS MediaGroup 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.

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RCS MediaGroup Corporate Management

Alessandro Bompieri	Head of Media Division	Profile
Antonio Campos	CEO Editorial	Profile
Francesco Carione	Managing Sport	Profile
Raimondo Zanaboni	General Manager of Communication Solutions	Profile

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