Reading International Correlations

RDIB Stock

USD 10.42 0.13 1.23%

The current 90-days correlation between Reading International and Reservoir Media is 0.16 (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

Good diversification

The correlation between Reading International B and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Reading International B and DJI in the same portfolio, assuming nothing else is changed.

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Reading International B. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

For information on how to trade Reading Stock refer to our How to Trade Reading Stock guide.

Moving against Reading Stock

0.32	TV	Grupo Televisa SAB Buyout Trend	Pair Corr
0.46	GCLWW	GCL Global Holdings	Pair Corr
0.37	VSME	VS Media Holdings	Pair Corr
0.33	VENU	Venu Holding	Pair Corr

Related Correlations Analysis

	RSVR	LDSN	MCS	GAIA	RDI	LVO	NWS	NWSA	BATRA	FWONA
RSVR		0.51	0.55	-0.08	0.12	0.37	0.75	0.73	0.62	0.66	RSVR
LDSN	0.51		0.14	-0.53	-0.34	0.03	0.66	0.65	0.72	0.46	LDSN
MCS	0.55	0.14		0.18	0.62	0.31	0.46	0.47	0.24	0.55	MCS
GAIA	-0.08	-0.53	0.18		0.48	0.19	-0.14	-0.1	-0.29	0.08	GAIA
RDI	0.12	-0.34	0.62	0.48		0.3	0.15	0.16	-0.14	0.36	RDI
LVO	0.37	0.03	0.31	0.19	0.3		0.4	0.41	0.25	0.54	LVO
NWS	0.75	0.66	0.46	-0.14	0.15	0.4		0.99	0.84	0.88	NWS
NWSA	0.73	0.65	0.47	-0.1	0.16	0.41	0.99		0.86	0.9	NWSA
BATRA	0.62	0.72	0.24	-0.29	-0.14	0.25	0.84	0.86		0.79	BATRA
FWONA	0.66	0.46	0.55	0.08	0.36	0.54	0.88	0.9	0.79		FWONA
	RSVR	LDSN	MCS	GAIA	RDI	LVO	NWS	NWSA	BATRA	FWONA

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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

NWSA	+ 0.99	NWS
FWONA	+ 0.9	NWSA
FWONA	+ 0.88	NWS
BATRA	+ 0.86	NWSA
BATRA	+ 0.84	NWS
FWONA	+ 0.79	BATRA

High negative correlations

GAIA	- 0.53	LDSN
RDI	- 0.34	LDSN
BATRA	- 0.29	GAIA
BATRA	- 0.14	RDI
NWS	- 0.14	GAIA
NWSA	- 0.1	GAIA

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	1.66	(0.12)	(0.02)	0.06	2.22	(1.67)	3.19	(3.51)	13.61
LDSN	9.97	2.69	0.16	16.88	7.48	(39.26)	22.22	(16.28)	227.62
MCS	1.41	0.03	0.01	0.17	1.71	(1.49)	3.48	(3.23)	13.97
GAIA	3.14	0.35	0.04	(0.70)	4.04	(3.35)	10.08	(7.60)	21.27
RDI	2.22	0.07	(0.01)	0.32	2.38	(2.74)	5.93	(3.70)	16.12
LVO	4.84	0.07	0.03	0.18	5.24	(6.21)	13.16	(8.75)	35.52
NWS	0.84	0.05	0.00	0.21	0.90	(0.91)	1.94	(1.37)	4.33
NWSA	0.84	0.05	0.01	0.20	0.89	(0.91)	1.80	(1.70)	4.97
BATRA	0.82	0.19	0.12	0.65	0.60	(1.05)	1.68	(1.39)	8.04
FWONA	1.04	0.34	0.17	1.84	0.92	(1.18)	2.32	(1.60)	7.16

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

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