MediaAlpha Correlations

MAX Stock

USD 10.02 0.43 4.48%

The current 90-days correlation between MediaAlpha and Yelp Inc is 0.43 (i.e., Very weak diversification). The correlation of MediaAlpha 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. If the correlation is 0, the equities are not correlated; they are entirely random.

MediaAlpha Correlation With Market

Very weak diversification

The correlation between MediaAlpha and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MediaAlpha and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with MediaAlpha Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MediaAlpha. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

For more information on how to buy MediaAlpha Stock please use our How to Invest in MediaAlpha guide.

Moving together with MediaAlpha Stock

0.81	Z	Zillow Group Class Earnings Call This Week	Pair Corr
0.86	OB	Outbrain Earnings Call This Week	Pair Corr
0.65	TC	TuanChe ADR	Pair Corr
0.68	WB	Weibo Corp	Pair Corr
0.79	ZG	Zillow Group Earnings Call This Week	Pair Corr
0.77	DOYU	DouYu International	Pair Corr
0.82	FENG	Phoenix New Media Earnings Call This Week	Pair Corr
0.7	DJT	Trump Media Technology	Pair Corr
0.75	FVRR	Fiverr International Earnings Call This Week	Pair Corr
0.83	MNY	MoneyHero Limited Class	Pair Corr
0.84	SLE	Super League Enterprise	Pair Corr
0.88	TEM	Tempus AI, Class Buyout Trend	Pair Corr
0.91	GETY	Getty Images Holdings Earnings Call This Week	Pair Corr
0.67	GITS	Global Interactive Symbol Change	Pair Corr
0.8	GOOG	Alphabet Class C	Pair Corr
0.81	YELP	Yelp Inc Earnings Call This Week	Pair Corr
0.89	ZDGE	Zedge Inc	Pair Corr
0.86	IZEA	IZEA Inc	Pair Corr
0.86	KIND	Nextdoor Holdings	Pair Corr
0.83	LCFY	Locafy Trending	Pair Corr
0.8	BZFDW	BuzzFeed	Pair Corr
0.9	META	Meta Platforms Aggressive Push	Pair Corr
0.73	MOMO	Hello Group	Pair Corr
0.88	MTCH	Match Group Earnings Call Today	Pair Corr

Moving against MediaAlpha Stock

0.7	GIFT	RDE, Inc Symbol Change	Pair Corr
0.52	GRPN	Groupon Earnings Call This Week	Pair Corr
0.45	ONFOW	Onfolio Holdings Warrant	Pair Corr
0.32	RMSG	Real Messenger	Pair Corr

Related Correlations Analysis

	LIZI	ASST	YELP	BZFD	LTRPA	SEAT	CMCM	ATHM	LTRPB	GENI
LIZI		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	LIZI
ASST	0.0		0.59	0.58	0.0	0.49	0.35	0.13	0.0	0.04	ASST
YELP	0.0	0.59		0.68	0.0	0.41	0.34	0.0	0.0	-0.06	YELP
BZFD	0.0	0.58	0.68		0.0	0.69	0.75	0.5	0.0	-0.19	BZFD
LTRPA	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	LTRPA
SEAT	0.0	0.49	0.41	0.69	0.0		0.78	0.51	0.0	-0.54	SEAT
CMCM	0.0	0.35	0.34	0.75	0.0	0.78		0.76	0.0	-0.43	CMCM
ATHM	0.0	0.13	0.0	0.5	0.0	0.51	0.76		0.0	-0.17	ATHM
LTRPB	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	LTRPB
GENI	0.0	0.04	-0.06	-0.19	0.0	-0.54	-0.43	-0.17	0.0		GENI
	LIZI	ASST	YELP	BZFD	LTRPA	SEAT	CMCM	ATHM	LTRPB	GENI

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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

CMCM	+ 0.78	SEAT
ATHM	+ 0.76	CMCM
CMCM	+ 0.75	BZFD
SEAT	+ 0.69	BZFD
BZFD	+ 0.68	YELP
YELP	+ 0.59	ASST

High negative correlations

GENI	- 0.54	SEAT
GENI	- 0.43	CMCM
GENI	- 0.19	BZFD
GENI	- 0.17	ATHM
GENI	- 0.06	YELP
GENI	- 0.0	LTRPB

Risk-Adjusted Indicators

There is a big difference between MediaAlpha Stock performing well and MediaAlpha 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 MediaAlpha'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
LIZI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ASST	5.33	0.56	0.09	0.65	5.42	(7.04)	11.54	(9.72)	55.50
YELP	1.65	(0.10)	0.00	(0.22)	0.00	0.00	3.05	(3.80)	12.94
BZFD	3.02	(0.32)	0.00	(1.48)	0.00	0.00	5.78	(6.94)	19.71
LTRPA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SEAT	3.43	(0.66)	0.00	(1.88)	0.00	0.00	5.88	(7.22)	26.20
CMCM	3.29	(0.14)	0.00	(0.41)	0.00	0.00	7.28	(6.77)	27.07
ATHM	1.61	(0.02)	0.00	(0.24)	0.00	0.00	3.57	(4.01)	10.24
LTRPB	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GENI	2.71	0.31	0.11	1.44	3.34	(2.77)	5.16	(5.14)	19.38

MediaAlpha Corporate Management

Jeffrey Esq	General Secretary	Profile
David Lowe	Independent Director	Profile
Cathy Cunningham	Chief Officer	Profile
Kathy Vrabeck	Independent Chairman of the Board	Profile
Jeffrey Coyne	General Counsel, Secretary	Profile
Lara Sweet	Independent Director	Profile

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