Marketwise Correlations

MKTW Stock

USD 19.69 0.48 2.50%

The current 90-days correlation between Marketwise and Surgepays is 0.02 (i.e., Significant diversification). The correlation of Marketwise 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.

Marketwise Correlation With Market

Weak diversification

The correlation between Marketwise and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Marketwise and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Marketwise Stock

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

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

Moving together with Marketwise Stock

0.82	ICE	Intercontinental Exchange Earnings Call This Week	Pair Corr
0.83	MCO	Moodys	Pair Corr
0.62	MORN	Morningstar	Pair Corr
0.69	MSCI	MSCI Inc	Pair Corr
0.92	NDAQ	Nasdaq Inc	Pair Corr
0.61	QMCI	Quotemedia	Pair Corr
0.77	SPGI	SP Global Earnings Call Next Week	Pair Corr
0.8	COIN	Coinbase Global Earnings Call This Week	Pair Corr
0.9	DIOD	Diodes Incorporated	Pair Corr
0.72	AI	C3 Ai Inc	Pair Corr
0.88	BB	BlackBerry	Pair Corr
0.9	BL	Blackline	Pair Corr
0.89	DT	Dynatrace Holdings LLC	Pair Corr
0.8	DV	DoubleVerify Holdings	Pair Corr
0.84	FN	Fabrinet	Pair Corr
0.87	JG	Aurora Mobile	Pair Corr
0.91	KD	Kyndryl Holdings Earnings Call This Week	Pair Corr
0.88	KE	Kimball Electronics	Pair Corr
0.81	KN	Knowles Cor Earnings Call Tomorrow	Pair Corr
0.96	MQ	Marqeta	Pair Corr
0.91	MU	Micron Technology	Pair Corr
0.9	MX	MagnaChip Semiconductor Earnings Call Next Week	Pair Corr
0.61	NA	Nano Labs	Pair Corr
0.61	NN	Nextnav Acquisition Corp	Pair Corr
0.84	ON	ON Semiconductor Earnings Call This Week	Pair Corr
0.72	PI	Impinj Inc	Pair Corr

Moving against Marketwise Stock

0.68	FI	Fiserv,	Pair Corr
0.64	VALU	Value Line	Pair Corr
0.43	WK	Workiva Earnings Call Next Week	Pair Corr
0.35	DOCN	DigitalOcean Holdings	Pair Corr
0.33	IT	Gartner	Pair Corr
0.31	QH	Quhuo Tech Boost	Pair Corr

Related Correlations Analysis

	SURG	DSP	LGIQ	TGLO	MLTX	SEEK	INKT	CNET
SURG		0.18	-0.02	0.0	0.32	0.0	0.21	0.11	SURG
DSP	0.18		0.45	0.0	-0.29	0.0	-0.16	0.19	DSP
LGIQ	-0.02	0.45		0.0	-0.32	0.0	-0.3	-0.26	LGIQ
TGLO	0.0	0.0	0.0		0.0	0.0	0.0	0.0	TGLO
MLTX	0.32	-0.29	-0.32	0.0		0.0	0.47	0.12	MLTX
SEEK	0.0	0.0	0.0	0.0	0.0		0.0	0.0	SEEK
INKT	0.21	-0.16	-0.3	0.0	0.47	0.0		0.47	INKT
CNET	0.11	0.19	-0.26	0.0	0.12	0.0	0.47		CNET
	SURG	DSP	LGIQ	TGLO	MLTX	SEEK	INKT	CNET

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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

INKT	+ 0.47	MLTX
CNET	+ 0.47	INKT
LGIQ	+ 0.45	DSP
MLTX	+ 0.32	SURG
INKT	+ 0.21	SURG
CNET	+ 0.19	DSP

High negative correlations

MLTX	- 0.32	LGIQ
INKT	- 0.3	LGIQ
MLTX	- 0.29	DSP
CNET	- 0.26	LGIQ
INKT	- 0.16	DSP
LGIQ	- 0.02	SURG

Risk-Adjusted Indicators

There is a big difference between Marketwise Stock performing well and Marketwise 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 Marketwise'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
SURG	4.27	0.74	0.06	(0.52)	5.39	(4.81)	8.00	(5.23)	49.15
DSP	2.63	(0.14)	(0.01)	0.08	3.41	(2.86)	5.97	(5.15)	20.01
LGIQ	12.41	1.93	0.10	(2.24)	12.57	(18.82)	41.67	(27.14)	84.31
TGLO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MLTX	2.55	0.51	0.16	1.02	2.22	(3.11)	5.51	(4.25)	22.30
SEEK	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
INKT	21.83	11.24	0.96	(1.04)	6.78	(27.30)	6.31	(12.65)	766.86
CNET	4.18	0.10	0.03	0.24	5.81	(4.80)	9.76	(7.26)	62.61

Marketwise Corporate Management

Scott Forney	General Secretary	Profile
Lee Harris	Senior Analysis	Profile
Marco Galsim	Chief Officer	Profile
Michael Palmer	Copywriter MD	Profile
Marco Ferri	Director Devel	Profile
James III	Controller VP	Profile

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