Sirius XM Correlations

SIRI Stock

USD 23.43 0.24 1.03%

The current 90-days correlation between Sirius XM Holding and Paramount Global Class is 0.28 (i.e., Modest diversification). The correlation of Sirius XM 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.

Sirius XM Correlation With Market

Weak diversification

The correlation between Sirius XM Holding and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sirius XM Holding and DJI in the same portfolio, assuming nothing else is changed.

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sirius XM Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Sirius Stock

0.65	EVC	Entravision Communications	Pair Corr
0.74	TSQ	Townsquare Media	Pair Corr
0.62	WBD	Warner Bros Discovery Aggressive Push	Pair Corr
0.65	MGNI	Magnite	Pair Corr
0.66	NXST	Nexstar Broadcasting	Pair Corr

Moving against Sirius Stock

0.6	HHS	Harte Hanks	Pair Corr
0.58	DUO	Fangdd Network Group	Pair Corr
0.57	BOC	Boston Omaha Corp	Pair Corr
0.57	KUKE	Kuke Music Holding	Pair Corr
0.5	XHLD	TEN Holdings, Common	Pair Corr
0.48	WPP	WPP PLC ADR	Pair Corr
0.46	PSO	Pearson PLC ADR	Pair Corr
0.33	DRCT	Direct Digital Holdings	Pair Corr
0.33	WIMI	WiMi Hologram Cloud	Pair Corr
0.69	ABLV	Able View Global	Pair Corr
0.54	NCMI	National CineMedia	Pair Corr
0.37	NCTY	The9 Ltd ADR	Pair Corr
0.35	MCTR	CTRL Group Limited	Pair Corr
0.34	STGW	Stagwell	Pair Corr
0.32	SJ	Scienjoy Holding Corp	Pair Corr

Related Correlations Analysis

	PARA	DIS	ROKU	NFLX	AMC	WBD	PARAA	FWONA	WMG	MSGS
PARA		0.87	0.93	0.88	0.41	0.93	0.71	0.88	0.13	0.78	PARA
DIS	0.87		0.88	0.91	0.53	0.86	0.52	0.94	-0.26	0.6	DIS
ROKU	0.93	0.88		0.85	0.46	0.96	0.7	0.83	0.08	0.77	ROKU
NFLX	0.88	0.91	0.85		0.45	0.81	0.53	0.95	-0.15	0.61	NFLX
AMC	0.41	0.53	0.46	0.45		0.49	0.19	0.45	-0.36	0.07	AMC
WBD	0.93	0.86	0.96	0.81	0.49		0.76	0.81	0.14	0.77	WBD
PARAA	0.71	0.52	0.7	0.53	0.19	0.76		0.53	0.46	0.76	PARAA
FWONA	0.88	0.94	0.83	0.95	0.45	0.81	0.53		-0.21	0.64	FWONA
WMG	0.13	-0.26	0.08	-0.15	-0.36	0.14	0.46	-0.21		0.36	WMG
MSGS	0.78	0.6	0.77	0.61	0.07	0.77	0.76	0.64	0.36		MSGS
	PARA	DIS	ROKU	NFLX	AMC	WBD	PARAA	FWONA	WMG	MSGS

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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

WBD	+ 0.96	ROKU
FWONA	+ 0.95	NFLX
FWONA	+ 0.94	DIS
ROKU	+ 0.93	PARA
WBD	+ 0.93	PARA
NFLX	+ 0.91	DIS

High negative correlations

WMG	- 0.36	AMC
WMG	- 0.26	DIS
WMG	- 0.21	FWONA
WMG	- 0.15	NFLX

Risk-Adjusted Indicators

There is a big difference between Sirius Stock performing well and Sirius XM 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 Sirius XM'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
PARA	1.01	0.26	0.13	1.00	1.02	(1.12)	2.24	(1.90)	5.82
DIS	1.17	0.43	0.46	0.55	0.33	(1.56)	2.96	(1.27)	12.45
ROKU	1.94	0.56	0.25	0.58	1.77	(2.26)	5.23	(2.59)	17.52
NFLX	1.32	0.35	0.16	1.00	1.37	(1.49)	2.56	(2.65)	8.71
AMC	2.68	0.23	0.07	0.30	3.32	(3.36)	9.43	(5.17)	37.48
WBD	1.84	0.60	0.29	0.76	1.49	(2.13)	5.04	(3.03)	11.82
PARAA	0.62	0.00	(0.12)	0.13	0.75	(0.63)	1.32	(1.28)	3.59
FWONA	1.07	0.45	0.22	(2.94)	0.89	(1.25)	2.32	(1.60)	7.16
WMG	1.25	0.02	(0.01)	0.16	1.94	(1.30)	2.26	(2.34)	10.96
MSGS	1.05	0.06	0.00	0.23	1.32	(1.06)	2.06	(2.04)	8.16

Sirius XM Corporate Management

Scott Greenstein	Pres and Chief Content Officer	Profile
Jessica CasanoAntonellis	Senior Communications	Profile
Sean Sullivan	Ex CFO	Profile
Barbara Daniel	Senior Officer	Profile
Thomas Barry	Chief Officer	Profile
Joseph Inzerillo	Executive Officer	Profile

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