Mediaalpha Inc Correlations

MAX
 Stock
  

USD 8.77  0.22  2.57%   

The correlation of Mediaalpha Inc 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 Mediaalpha Inc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mediaalpha Inc Cl 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.
Additionally, see Stocks Correlation.
  
The ability to find closely correlated positions to Mediaalpha Inc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mediaalpha Inc 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 Mediaalpha Inc - 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 Mediaalpha Inc Cl to buy it.

Moving together with Mediaalpha Inc

0.64EVEREverquote IncPairCorr

Moving against Mediaalpha Inc

0.55GRPNGroupon Cl A Normal TradingPairCorr
0.52IACIac InteractivecorpPairCorr

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   
CBAYBLCT
HDBRIVN
BIDUATHM
HDBACDSF
ACDSFCBAY
HDBCBAY
  
High negative correlations   
CBAYAREN
BLCTAREN
BIDUABNB
CYCCATHM
RIVNAREN
BLCTABNB

Mediaalpha Inc Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Mediaalpha Inc stock performing well and Mediaalpha Inc 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 Mediaalpha Inc's 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
ABNB 3.23 (0.01)  0.01  0.05  4.15  0.0119 (3.15)  5.42 (6.50)  14.85 
AREN 4.97 (0.15)  0.00 (0.07)  0.00 (0.0183)  0.00  10.94 (14.63)  44.37 
ATHM 3.00  0.57  0.16  0.93  2.94  0.14 (3.39)  7.58 (5.44)  16.54 
BIDU 2.53  0.38  0.13  0.32  2.85  0.12 (2.84)  5.45 (5.14)  21.83 
BLCT 1.05  0.31  0.18  1.10  0.78  0.16 (1.66)  2.67 (1.45)  10.97 
CYCC 4.69  0.38  0.05  0.34  6.84  0.06 (4.88)  10.17 (8.26)  37.20 
CBAY 4.14  1.24  0.24  1.32  4.19  0.22 (4.67)  10.53 (6.98)  26.69 
ACDSF 1.76  0.09  0.03  0.21  1.82  0.031 (2.27)  4.17 (3.08)  7.60 
RIVN 3.88  0.84  0.20  0.51  3.68  0.17 (4.30)  10.42 (6.44)  27.11 
HDB 1.56  0.35  0.17  0.34  1.74  0.17 (1.72)  4.10 (2.93)  10.88 

Similar Equity Warning - MAX

Mediaalpha Inc was forked

The entity Mediaalpha Inc Cl with a symbol MAX was recently forked. You can potentially use MERCURY AIR GROUP with a symbol MYAG from now on.

Mediaalpha Inc Corporate Directors

Mediaalpha Inc corporate directors refer to members of a Mediaalpha Inc board of directors. The board of directors generally takes responsibility for the Mediaalpha Inc's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Mediaalpha Inc's board members must vote for the resolution. The Mediaalpha Inc board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Anuphong Thawisitthikunlap - DirectorProfile
Siriwat Towachirakun - Acting Company Secretary, DirectorProfile
Simon Lindsay - Executive Director, Head - Distribution of Aurora Funds Management LimitedProfile
Siriwat Anunkusri - DirectorProfile

Invested in Mediaalpha Inc Cl?

You need to understand the risk of investing before taking a position in Mediaalpha Inc. The danger of trading Mediaalpha Inc Cl 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 Mediaalpha Inc 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 Mediaalpha Inc. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Mediaalpha Inc 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.
Additionally, see Stocks Correlation. Note that the Mediaalpha Inc information on this page should be used as a complementary analysis to other Mediaalpha Inc's 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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

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When running Mediaalpha Inc price analysis, check to measure Mediaalpha Inc's 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 Mediaalpha Inc is operating at the current time. Most of Mediaalpha Inc's value examination focuses on studying past and present price action to predict the probability of Mediaalpha Inc's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Mediaalpha Inc's price. Additionally, you may evaluate how the addition of Mediaalpha Inc to your portfolios can decrease your overall portfolio volatility.
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Is Mediaalpha Inc'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 Mediaalpha Inc. If investors know Mediaalpha 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 Mediaalpha Inc listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
514.7 M
Quarterly Revenue Growth YOY
-0.34
Return On Assets
-0.0534
The market value of Mediaalpha Inc is measured differently than its book value, which is the value of Mediaalpha that is recorded on the company's balance sheet. Investors also form their own opinion of Mediaalpha Inc's value that differs from its market value or its book value, called intrinsic value, which is Mediaalpha Inc'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 Mediaalpha Inc's market value can be influenced by many factors that don't directly affect Mediaalpha Inc'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 Mediaalpha Inc's value and its price as these two are different measures arrived at by different means. Investors typically determine Mediaalpha Inc value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mediaalpha Inc'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.