Madison Square Correlations

MSGS Stock

USD 207.90 0.30 0.14%

The correlation of Madison Square 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.

Madison Square Correlation With Market

Poor diversification

The correlation between Madison Square Garden and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Madison Square Garden and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Madison Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Madison Square Garden. 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 Madison Stock

0.65	TV	Grupo Televisa SAB	Pair Corr
0.63	CMCSA	Comcast Corp Aggressive Push	Pair Corr
0.75	EA	Electronic Arts	Pair Corr

Moving against Madison Stock

0.47	NCMI	National CineMedia Potential Growth	Pair Corr
0.32	NCTY	The9 Ltd ADR	Pair Corr
0.37	GDEVW	Nexters Warrant	Pair Corr

Related Correlations Analysis

	WHWRF	KUKE	EPC	CHD	UNVGY	PG	EL
WHWRF		0.0	0.0	0.0	0.0	0.0	0.0	WHWRF
KUKE	0.0		0.48	-0.44	-0.08	-0.17	-0.41	KUKE
EPC	0.0	0.48		0.42	-0.71	0.43	-0.76	EPC
CHD	0.0	-0.44	0.42		-0.62	0.67	-0.29	CHD
UNVGY	0.0	-0.08	-0.71	-0.62		-0.17	0.75	UNVGY
PG	0.0	-0.17	0.43	0.67	-0.17		-0.22	PG
EL	0.0	-0.41	-0.76	-0.29	0.75	-0.22		EL
	WHWRF	KUKE	EPC	CHD	UNVGY	PG	EL

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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

EL	+ 0.75	UNVGY
PG	+ 0.67	CHD
EPC	+ 0.48	KUKE
PG	+ 0.43	EPC
CHD	+ 0.42	EPC
KUKE	+ 0.0	WHWRF

High negative correlations

EL	- 0.76	EPC
UNVGY	- 0.71	EPC
UNVGY	- 0.62	CHD
CHD	- 0.44	KUKE
EL	- 0.41	KUKE
EL	- 0.29	CHD

Risk-Adjusted Indicators

There is a big difference between Madison Stock performing well and Madison Square 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 Madison Square'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
WHWRF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KUKE	2.55	0.18	0.03	1.94	2.95	(3.20)	7.38	(4.17)	29.89
EPC	1.82	(0.41)	0.00	(0.36)	0.00	0.00	3.62	(5.66)	17.71
CHD	1.06	(0.19)	0.00	(0.57)	0.00	0.00	2.03	(2.12)	9.36
UNVGY	1.20	0.21	0.06	1.59	1.59	(1.22)	2.31	(2.84)	6.74
PG	1.00	(0.12)	0.00	(0.20)	0.00	0.00	2.06	(2.15)	6.71
EL	2.47	0.34	0.09	0.29	3.80	(2.47)	5.33	(5.08)	18.21

Madison Square Corporate Management

Sandra Kapell	Chief VP	Profile
Brian Sweeney	Director	Profile
Ari CFA	Senior Treasury	Profile
Philip DAmbrosio	Senior Vice President Treasurer	Profile
Anthony Vinciquerra	Independent Director	Profile

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