Beasley Broadcast Correlations

BBGI Stock

USD 4.25 0.15 3.66%

The correlation of Beasley Broadcast 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.

Beasley Broadcast Correlation With Market

Good diversification

The correlation between Beasley Broadcast Group and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Beasley Broadcast Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Beasley Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Beasley Broadcast Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Beasley Stock

0.63	WIMI	WiMi Hologram Cloud	Pair Corr
0.62	FLNT	Fluent Inc	Pair Corr
0.67	BOC	Boston Omaha Corp	Pair Corr
0.76	PSO	Pearson PLC ADR	Pair Corr
0.78	KUKE	Kuke Music Holding	Pair Corr
0.88	NCTY	The9 Ltd ADR	Pair Corr

Moving against Beasley Stock

0.78	EVC	Entravision Communications	Pair Corr
0.75	MCHX	Marchex	Pair Corr
0.7	MGNI	Magnite	Pair Corr
0.68	TV	Grupo Televisa SAB	Pair Corr
0.66	TSQ	Townsquare Media	Pair Corr
0.61	DIS	Walt Disney	Pair Corr
0.56	VSME	VS Media Holdings	Pair Corr
0.52	NXST	Nexstar Broadcasting	Pair Corr
0.51	DLPN	Dolphin Entertainment	Pair Corr
0.5	NFLX	Netflix Earnings Call This Week	Pair Corr
0.49	IAS	Integral Ad Science	Pair Corr
0.46	QMMM	QMMM Holdings Limited	Pair Corr
0.45	IMAX	Imax Corp	Pair Corr
0.44	CMCSA	Comcast Corp	Pair Corr
0.42	CHR	Cheer Holding	Pair Corr
0.39	CCO	Clear Channel Outdoor	Pair Corr
0.33	SWAGW	Software Acquisition	Pair Corr
0.32	SE	Sea	Pair Corr
0.81	EDHL	Everbright Digital	Pair Corr
0.77	VENU	Venu Holding	Pair Corr
0.66	WB	Weibo Corp	Pair Corr
0.61	SPHR	Sphere Entertainment	Pair Corr
0.6	TU	Telus Corp	Pair Corr
0.58	SCHL	Scholastic	Pair Corr
0.58	BAOS	Baosheng Media Group	Pair Corr
0.54	TC	TuanChe ADR	Pair Corr

Related Correlations Analysis

	SALM	MDIA	SGA	PBSFY	CMLS	EMMS	BYFC
SALM		0.0	0.0	0.0	0.0	0.0	0.0	SALM
MDIA	0.0		0.38	0.17	-0.2	0.0	0.16	MDIA
SGA	0.0	0.38		0.84	-0.88	0.0	0.49	SGA
PBSFY	0.0	0.17	0.84		-0.84	0.0	0.37	PBSFY
CMLS	0.0	-0.2	-0.88	-0.84		0.0	-0.32	CMLS
EMMS	0.0	0.0	0.0	0.0	0.0		0.0	EMMS
BYFC	0.0	0.16	0.49	0.37	-0.32	0.0		BYFC
	SALM	MDIA	SGA	PBSFY	CMLS	EMMS	BYFC

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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

PBSFY	+ 0.84	SGA
BYFC	+ 0.49	SGA
SGA	+ 0.38	MDIA
BYFC	+ 0.37	PBSFY
PBSFY	+ 0.17	MDIA
BYFC	+ 0.16	MDIA

High negative correlations

CMLS	- 0.88	SGA
CMLS	- 0.84	PBSFY
BYFC	- 0.32	CMLS
CMLS	- 0.2	MDIA
BYFC	- 0.0	EMMS
EMMS	- 0.0	CMLS

Risk-Adjusted Indicators

There is a big difference between Beasley Stock performing well and Beasley Broadcast 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 Beasley Broadcast'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
SALM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MDIA	5.30	0.39	0.03	(24.87)	5.14	(6.87)	16.00	(8.55)	33.79
SGA	1.53	0.22	0.01	2.22	1.98	(1.57)	3.37	(3.12)	12.54
PBSFY	2.29	0.55	0.07	(1.82)	2.13	(4.28)	7.69	(4.71)	24.93
CMLS	6.04	(2.51)	0.00	(4.43)	0.00	0.00	8.89	(20.00)	35.45
EMMS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BYFC	1.96	0.49	0.08	(1.49)	2.02	(2.73)	5.17	(2.38)	17.60

Beasley Broadcast Corporate Executives

Elected by the shareholders, the Beasley Broadcast's board of directors comprises two types of representatives: Beasley Broadcast inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Beasley. The board's role is to monitor Beasley Broadcast's management team and ensure that shareholders' interests are well served. Beasley Broadcast'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, Beasley Broadcast's outside directors are responsible for providing unbiased perspectives on the board's policies.

Lauren Coleman

Executive CFO

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