Salon Media Correlations
| SLNMDelisted Stock | USD 0.0001 0.00 0.00% |
The current 90-days correlation between Salon Media Group and IZEA Inc is 0.03 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Salon Media moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Salon Media Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Salon Media Correlation With Market
Good diversification
The correlation between Salon Media Group and NYA is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Salon Media Group and NYA in the same portfolio, assuming nothing else is changed.
Salon |
The ability to find closely correlated positions to Salon Media could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Salon Media 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 Salon Media - 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 Salon Media Group to buy it.
Moving together with Salon Pink Sheet
| 0.85 | MOBQ | Mobiquity Technologies | PairCorr |
| 0.77 | TGLO | theglobe | PairCorr |
| 0.7 | ZH | Zhihu Inc ADR | PairCorr |
| 0.86 | ZI | ZoomInfo Technologies | PairCorr |
| 0.7 | DLPN | Dolphin Entertainment | PairCorr |
| 0.63 | DRCT | Direct Digital Holdings Trending | PairCorr |
Moving against Salon Pink Sheet
| 0.88 | OB | Outbrain | PairCorr |
| 0.88 | SE | Sea | PairCorr |
| 0.81 | BZ | Kanzhun Ltd ADR | PairCorr |
| 0.79 | NEXN | Nexxen International Symbol Change | PairCorr |
| 0.7 | T | ATT Inc Earnings Call This Week | PairCorr |
| 0.66 | CURIW | CuriosityStream | PairCorr |
| 0.66 | DJCO | Daily Journal Corp | PairCorr |
| 0.63 | STCN | Steel Connect | PairCorr |
| 0.57 | HAO | Haoxi Health Technology | PairCorr |
| 0.48 | IQ | iQIYI Inc | PairCorr |
| 0.33 | SRAX | SRAX Inc Earnings Call Today | PairCorr |
| 0.92 | DOYU | DouYu International | PairCorr |
| 0.89 | EVER | EverQuote Class A | PairCorr |
| 0.84 | TC | TuanChe ADR | PairCorr |
| 0.83 | VEON | VEON Report 28th of June 2024 | PairCorr |
| 0.58 | WB | Weibo Corp | PairCorr |
| 0.48 | TU | Telus Corp | PairCorr |
| 0.34 | EMMS | Emmis Communications Corp | PairCorr |
| 0.32 | TV | Grupo Televisa SAB | 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 Salon Pink Sheet performing well and Salon 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 Salon 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IZEA | 3.03 | 0.24 | 0.06 | 1.90 | 3.97 | 6.22 | 22.47 | |||
| MTCH | 1.43 | (0.07) | 0.00 | (0.06) | 0.00 | 3.11 | 10.44 | |||
| ZH | 2.96 | (0.59) | 0.00 | (0.57) | 0.00 | 5.95 | 15.16 | |||
| WB | 2.41 | (0.02) | 0.00 | (0.02) | 0.00 | 4.39 | 12.20 | |||
| GOOG | 1.12 | 0.37 | 0.25 | 0.53 | 1.09 | 2.54 | 13.30 | |||
| META | 1.36 | 0.03 | 0.02 | 0.03 | 2.31 | 2.98 | 13.78 | |||
| GOOGL | 1.14 | 0.37 | 0.24 | 0.53 | 1.12 | 2.37 | 13.59 | |||
| DASH | 1.51 | (0.18) | 0.00 | (0.24) | 0.00 | 3.16 | 15.73 | |||
| YELP | 1.14 | (0.05) | 0.00 | (0.08) | 0.00 | 2.22 | 9.65 | |||
| SPOT | 1.95 | 0.30 | 0.14 | 0.29 | 1.95 | 4.85 | 18.69 |
Salon Media Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Salon Media pink sheet to make a market-neutral strategy. Peer analysis of Salon Media could also be used in its relative valuation, which is a method of valuing Salon Media by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Salon Media Corporate Management
| Drew Schoentrup | CoOwner | Profile | |
| Andrew OHehir | Ex Editor | Profile | |
| Erin Keane | Editor Chief | Profile | |
| Justin Wohl | Chief Officer | Profile | |
| Chris Richmond | CEO CoOwner | Profile | |
| Joseph Neese | Ex Editor | Profile |
Still Interested in Salon Media Group?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.