Emerson Radio Correlations

MSN Stock

USD 0.36 0.01 2.86%

The current 90-days correlation between Emerson Radio and Tyson Foods is -0.08 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Emerson Radio moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Emerson Radio moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Emerson Radio Correlation With Market

Good diversification

The correlation between Emerson Radio and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Emerson Radio and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Emerson Stock

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

To learn how to invest in Emerson Stock, please use our How to Invest in Emerson Radio guide.

Moving together with Emerson Stock

0.63

Visionary Education

Pair Corr

Moving against Emerson Stock

0.6	DFH	Dream Finders Homes	Pair Corr
0.52	BLD	Topbuild Corp	Pair Corr
0.48	MPX	Marine Products	Pair Corr
0.45	DHI	DR Horton	Pair Corr
0.42	HAS	Hasbro Inc	Pair Corr
0.38	TPH	TRI Pointe Homes	Pair Corr
0.38	JOUT	Johnson Outdoors	Pair Corr
0.33	GIL	Gildan Activewear	Pair Corr
0.32	DOOO	BRP Inc	Pair Corr
0.5	BH	Biglari Holdings	Pair Corr
0.49	VC	Visteon Corp	Pair Corr
0.41	GM	General Motors Aggressive Push	Pair Corr
0.41	CDROW	Codere Online Luxembourg	Pair Corr
0.36	CHCI	Comstock Holding Com	Pair Corr
0.36	IH	Ihuman Inc	Pair Corr

Related Correlations Analysis

	TSN	WB	TBBB	GNTX	HNFSB	KUKE	GETY	PLAY
TSN		-0.68	-0.08	0.03	-0.81	0.08	-0.12	-0.57	TSN
WB	-0.68		-0.03	0.2	0.84	-0.35	0.2	0.82	WB
TBBB	-0.08	-0.03		0.2	0.0	0.66	0.6	-0.25	TBBB
GNTX	0.03	0.2	0.2		0.24	0.12	0.24	0.15	GNTX
HNFSB	-0.81	0.84	0.0	0.24		-0.29	0.07	0.7	HNFSB
KUKE	0.08	-0.35	0.66	0.12	-0.29		0.68	-0.36	KUKE
GETY	-0.12	0.2	0.6	0.24	0.07	0.68		0.17	GETY
PLAY	-0.57	0.82	-0.25	0.15	0.7	-0.36	0.17		PLAY
	TSN	WB	TBBB	GNTX	HNFSB	KUKE	GETY	PLAY

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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

HNFSB	+ 0.84	WB
PLAY	+ 0.82	WB
PLAY	+ 0.7	HNFSB
GETY	+ 0.68	KUKE
KUKE	+ 0.66	TBBB
GETY	+ 0.6	TBBB

High negative correlations

HNFSB	- 0.81	TSN
WB	- 0.68	TSN
PLAY	- 0.57	TSN
PLAY	- 0.36	KUKE
KUKE	- 0.35	WB
KUKE	- 0.29	HNFSB

Risk-Adjusted Indicators

There is a big difference between Emerson Stock performing well and Emerson Radio 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 Emerson Radio'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
TSN	1.12	(0.20)	0.00	(0.28)	0.00	0.00	2.10	(1.84)	11.41
WB	1.78	0.11	0.05	0.21	1.95	(2.16)	4.28	(3.12)	13.41
TBBB	1.74	0.01	(0.01)	0.12	3.02	(1.56)	4.05	(3.56)	14.60
GNTX	1.44	(0.08)	(0.05)	0.01	1.78	(1.60)	2.87	(2.81)	9.16
HNFSB	0.01	0.00	0.00	3.37	0.00	0.00	0.00	0.00	0.44
KUKE	2.55	0.18	0.03	1.94	2.95	(3.20)	7.38	(4.17)	29.89
GETY	3.45	(0.01)	0.01	0.10	4.45	(3.73)	6.91	(6.91)	23.43
PLAY	3.32	1.01	0.31	1.05	2.41	(3.81)	9.24	(4.58)	22.33

Emerson Radio Corporate Executives

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

Michael CPA

Executive COO

Profile

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