Genius Sports Correlations

GENI
 Stock
  

USD 2.51  0.26  11.56%   

The correlation of Genius Sports is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Genius Sports moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Genius Sports moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Please check Risk vs Return Analysis.
  
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The ability to find closely correlated positions to Genius Sports could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Genius Sports when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Genius Sports - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Genius Sports to buy it.

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Moving against Genius Sports

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Related Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
CSCOEVER
EVERGRPN
CSCOGRPN
TMRK
TRVCSCO
TXOM
  
High negative correlations   
TCSCO
TEVER
MRKGRPN
XOMEVER
TGRPN
CSCOMRK

Genius Sports Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Genius Sports stock performing well and Genius Sports company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Genius Sports' multiple risk-adjusted performance indicators. 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
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
GRPN 4.26 (0.45)  0.00 (0.45)  0.00 (0.10)  0.00  10.88 (10.26)  32.48 
EVER 3.38 (0.42)  0.00 (0.46)  0.00 (0.11)  0.00  6.84 (8.34)  24.21 
MRK 1.08  0.30  0.34  0.40  0.99  0.28 (1.26)  2.16 (1.65)  7.61 
KO 1.05  0.21  0.14  0.09  1.75  0.17 (1.01)  2.14 (2.01)  10.05 
CSCO 1.56 (0.18)  0.00 (0.37)  0.00 (0.08)  0.00  2.73 (3.26)  17.06 
XOM 1.96  0.31  0.10  0.14  2.96  0.13 (1.71)  3.03 (3.96)  11.86 
TRV 1.15  0.01  0.00 (0.18)  0.00  0.06  0.00  2.01 (2.17)  6.41 
T 1.31  0.40  0.28  0.41  1.37  0.26 (1.50)  2.99 (2.47)  12.17 
VZ 1.07  0.13  0.13  0.06  1.67  0.15 (1.08)  2.30 (2.42)  7.94 

Similar Equity Warning - GENI

Genius Sports was forked

The entity Genius Sports with a symbol GENI was recently forked. You can potentially use GENESISINTERMEDIA INC with a symbol GENI1 from now on.

Genius Sports Corporate Management

Elected by the shareholders, the Genius Sports' board of directors comprises two types of representatives: Genius Sports inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Genius. The board's role is to monitor Genius Sports' management team and ensure that shareholders' interests are well served. Genius Sports' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Genius Sports' outside directors are responsible for providing unbiased perspectives on the board's policies.
Daniel Burns - DirectorProfile
Roxana Mirica - DirectorProfile
Niccolo Masi - Independent DirectorProfile
Gabriele Cipparrone - Independent DirectorProfile

Investing Genius Sports

You need to understand the risk of investing before taking a position in Genius Sports. The danger of trading Genius Sports is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Genius Sports is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Genius Sports. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Genius Sports is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please check Risk vs Return Analysis. Note that the Genius Sports information on this page should be used as a complementary analysis to other Genius Sports' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.

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When running Genius Sports price analysis, check to measure Genius Sports' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Genius Sports is operating at the current time. Most of Genius Sports' value examination focuses on studying past and present price action to predict the probability of Genius Sports' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Genius Sports' price. Additionally, you may evaluate how the addition of Genius Sports to your portfolios can decrease your overall portfolio volatility.
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Is Genius Sports' 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 Genius Sports. If investors know Genius 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 Genius Sports listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
516.1 M
Quarterly Revenue Growth YOY
0.6
Return On Assets
-0.62
Return On Equity
-1.4
The market value of Genius Sports is measured differently than its book value, which is the value of Genius that is recorded on the company's balance sheet. Investors also form their own opinion of Genius Sports' value that differs from its market value or its book value, called intrinsic value, which is Genius Sports' 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 Genius Sports' market value can be influenced by many factors that don't directly affect Genius Sports' 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 Genius Sports' value and its price as these two are different measures arrived at by different means. Investors typically determine Genius Sports value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Genius Sports' 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.