Emerson Radio Related Correlations

MSN Stock  USD 0.53  0.01  1.85%   
Generate correlation matrix for Emerson Radio and other related equities to check the degree to which Emerson Radio price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for Emerson Radio. To filter out specific equities, please toggle its corresponding legend item. 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 tightly coupled 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.
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Is Emerson Radio's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Emerson Radio. If investors know Emerson will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Emerson Radio listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
0.09
Revenue Per Share
0.415
Quarterly Revenue Growth
0.357
Return On Assets
(0.05)
Return On Equity
0.0671
The market value of Emerson Radio is measured differently than its book value, which is the value of Emerson that is recorded on the company's balance sheet. Investors also form their own opinion of Emerson Radio's value that differs from its market value or its book value, called intrinsic value, which is Emerson Radio's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Emerson Radio's market value can be influenced by many factors that don't directly affect Emerson Radio's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Emerson Radio's value and its price as these two are different measures arrived at by different means. Investors typically determine if Emerson Radio is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Emerson Radio's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Correlations

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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   
DOOOMBUU
VEEEMBUU
BCMCFT
MICSDOGZ
VEEEDOOO
MODGMCFT
  
High negative correlations   
RLMBUU
VEEERL
DOOORL
DOGZMBUU
VEEEDOGZ
DOOODOGZ

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
MBUU  2.05 (0.63) 0.00 (0.15) 0.00 
 3.62 
 20.87 
MCFT  1.71 (0.27)(0.05) 0.00  2.45 
 3.68 
 12.10 
BC  1.41 (0.25)(0.07) 0.00  1.85 
 2.74 
 9.44 
RL  1.33  0.20  0.16  0.27  1.21 
 2.03 
 20.47 
UA  1.79 (0.65) 0.00 (0.13) 0.00 
 3.54 
 15.25 
DOGZ  9.18  1.39  0.12  0.77  10.99 
 25.25 
 111.90 
MICS  4.33 (0.07)(0.02) 0.02  4.84 
 6.78 
 45.77 
DOOO  1.42 (0.31) 0.00 (0.09) 0.00 
 3.07 
 8.53 
VEEE  3.42 (0.34) 0.00  0.78  0.00 
 7.76 
 20.41 
MODG  2.08 (0.16) 0.04  0.07  2.14 
 3.87 
 15.20