Reading International Correlations
| RDI Stock | USD 1.33 0.03 2.31% |
The current 90-days correlation between Reading International and Reservoir Media is 0.11 (i.e., Average diversification). The correlation of Reading International 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.
Reading International Correlation With Market
Average diversification
The correlation between Reading International and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Reading International and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Reading Stock
Moving against Reading Stock
| 0.49 | FLNT | Fluent Inc | PairCorr |
| 0.48 | GCLWW | GCL Global Holdings | PairCorr |
| 0.43 | WIMI | WiMi Hologram Cloud | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
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Risk-Adjusted Indicators
There is a big difference between Reading Stock performing well and Reading International 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 Reading International'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RSVR | 1.65 | (0.12) | (0.02) | 0.05 | 2.23 | 3.19 | 13.61 | |||
| MCS | 1.40 | 0.05 | 0.02 | 0.18 | 1.74 | 3.48 | 13.97 | |||
| GAIA | 3.14 | 0.22 | 0.04 | 0.51 | 4.04 | 10.08 | 21.27 | |||
| NWS | 0.80 | 0.10 | 0.06 | 0.28 | 0.73 | 1.94 | 4.33 | |||
| RDIB | 4.66 | 0.53 | 0.06 | (1.05) | 5.22 | 8.99 | 35.58 | |||
| LVO | 4.86 | 0.05 | 0.02 | 0.16 | 5.28 | 13.16 | 35.52 | |||
| NWSA | 0.80 | 0.09 | 0.06 | 0.26 | 0.76 | 1.80 | 4.97 | |||
| BATRA | 0.82 | 0.20 | 0.13 | 0.66 | 0.60 | 1.68 | 8.04 |
Reading International Corporate Executives
Elected by the shareholders, the Reading International's board of directors comprises two types of representatives: Reading International inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Reading. The board's role is to monitor Reading International's management team and ensure that shareholders' interests are well served. Reading International'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, Reading International's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Gilbert CPA | Executive CFO | Profile | |
| Gilbert Avanes | Interim CFO and Treasurer | Profile |