Sinclair Broadcast Correlations
| SBGI Stock | USD 14.05 0.23 1.66% |
The current 90-days correlation between Sinclair Broadcast and Integral Ad Science is -0.19 (i.e., Good diversification). The correlation of Sinclair Broadcast 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.
Sinclair Broadcast Correlation With Market
Very weak diversification
The correlation between Sinclair Broadcast Group and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sinclair Broadcast Group and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Sinclair Stock
| 0.75 | BOC | Boston Omaha Corp | PairCorr |
| 0.78 | IPG | Interpublic Group | PairCorr |
| 0.74 | KUKE | Kuke Music Holding | PairCorr |
| 0.64 | STGW | Stagwell | PairCorr |
Moving against Sinclair Stock
| 0.43 | VSME | VS Media Holdings | PairCorr |
| 0.42 | MCHX | Marchex | PairCorr |
| 0.33 | TV | Grupo Televisa SAB | PairCorr |
| 0.32 | EVC | Entravision Communications | PairCorr |
| 0.45 | VENU | Venu Holding | PairCorr |
| 0.44 | BAOS | Baosheng Media Group | PairCorr |
| 0.35 | TC | TuanChe ADR | PairCorr |
Related Correlations Analysis
| 0.82 | 0.76 | 0.88 | 0.87 | 0.78 | -0.22 | IAS | ||
| 0.82 | 0.76 | 0.9 | 0.89 | 0.88 | 0.13 | SSYS | ||
| 0.76 | 0.76 | 0.73 | 0.81 | 0.74 | -0.08 | RDCM | ||
| 0.88 | 0.9 | 0.73 | 0.95 | 0.89 | -0.19 | ALNT | ||
| 0.87 | 0.89 | 0.81 | 0.95 | 0.95 | -0.12 | CPNG | ||
| 0.78 | 0.88 | 0.74 | 0.89 | 0.95 | 0.11 | ARW | ||
| -0.22 | 0.13 | -0.08 | -0.19 | -0.12 | 0.11 | IGT | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Sinclair Stock performing well and Sinclair Broadcast 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 Sinclair Broadcast'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IAS | 2.01 | 0.02 | (0.04) | 0.02 | 2.88 | 4.72 | 22.60 | |||
| SSYS | 1.81 | 0.27 | 0.12 | 0.43 | 1.73 | 3.88 | 19.27 | |||
| RDCM | 2.32 | 0.15 | 0.05 | 0.29 | 2.56 | 5.42 | 12.44 | |||
| ALNT | 2.39 | 0.97 | 0.50 | 1.21 | 1.20 | 5.03 | 24.56 | |||
| CPNG | 1.54 | 0.46 | 0.24 | 0.58 | 1.32 | 3.64 | 14.48 | |||
| ARW | 1.39 | 0.42 | 0.27 | 0.56 | 1.05 | 3.24 | 13.98 | |||
| IGT | 1.75 | 0.04 | 0.01 | 0.14 | 2.55 | 3.29 | 19.97 |
Sinclair Broadcast Corporate Management
| Lucy Rutishauser | Sr. VP of Corporate Fin. and Treasurer | Profile | |
| Justin CPA | Senior Treasurer | Profile | |
| Delbert III | Pres Technology | Profile | |
| Jeffrey Lewis | VP Officer | Profile |