Live Nation Correlations

0JVD Stock

138.52 2.18 1.55%

The current 90-days correlation between Live Nation Entertainment and Uniper SE is 0.11 (i.e., Average diversification). The correlation of Live Nation 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Live Nation Correlation With Market

Significant diversification

The correlation between Live Nation Entertainment and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Live Nation Entertainment and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Live Nation could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Live Nation 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 Live Nation - 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 Live Nation Entertainment to buy it.

Moving together with Live Stock

0.74	0K7U	News Corp Cl	Pair Corr
0.61	0KIT	Pinnacle West Capital	Pair Corr
0.92	0I9F	Digital Realty Trust	Pair Corr
0.89	DEC	Diversified Energy	Pair Corr

Moving against Live Stock

0.63	0HRR	CVR Energy	Pair Corr
0.39	0IC8	Dollar Tree	Pair Corr

Related Correlations Analysis

	0RJ4	MUL	LSC	TRD	CHSS	STK	CODX	HVT
0RJ4		0.46	0.22	-0.33	-0.02	-0.37	0.0	0.39	0RJ4
MUL	0.46		0.69	-0.46	0.17	-0.47	0.0	0.58	MUL
LSC	0.22	0.69		-0.63	0.42	-0.52	0.0	0.77	LSC
TRD	-0.33	-0.46	-0.63		-0.51	0.07	0.0	-0.54	TRD
CHSS	-0.02	0.17	0.42	-0.51		0.0	0.0	0.26	CHSS
STK	-0.37	-0.47	-0.52	0.07	0.0		0.0	-0.51	STK
CODX	0.0	0.0	0.0	0.0	0.0	0.0		0.0	CODX
HVT	0.39	0.58	0.77	-0.54	0.26	-0.51	0.0		HVT
	0RJ4	MUL	LSC	TRD	CHSS	STK	CODX	HVT

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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

HVT	+ 0.77	LSC
LSC	+ 0.69	MUL
HVT	+ 0.58	MUL
MUL	+ 0.46	0RJ4
CHSS	+ 0.42	LSC
HVT	+ 0.39	0RJ4

High negative correlations

TRD	- 0.63	LSC
HVT	- 0.54	TRD
STK	- 0.52	LSC
HVT	- 0.51	STK
CHSS	- 0.51	TRD
STK	- 0.47	MUL

Risk-Adjusted Indicators

There is a big difference between Live Stock performing well and Live Nation 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 Live Nation'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
0RJ4	1.96	0.09	(0.05)	(0.05)	2.14	(2.35)	5.35	(4.30)	17.60
MUL	2.37	(0.28)	0.00	(0.16)	0.00	0.00	7.27	(9.09)	28.79
LSC	0.46	(0.24)	0.00	9.56	0.00	0.00	0.00	(1.35)	10.56
TRD	1.10	0.06	(0.02)	0.80	1.42	(3.11)	3.45	(3.33)	14.25
CHSS	5.53	(1.63)	0.00	(0.67)	0.00	0.00	9.52	(13.33)	54.76
STK	4.22	1.14	0.00	0.56	0.00	0.00	14.29	(4.35)	50.72
CODX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HVT	0.10	(0.06)	0.00	(23.05)	0.00	0.00	0.00	0.00	3.45

Be your own money manager

Our tools can tell you how much better you can do entering a position in Live Nation without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Live Nation Corporate Management

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

Ben Weeden	Chief Nation	Profile
Jacqueline Beato	Chief Concerts	Profile
John Hopmans	Executive Finance	Profile
Kathy Willard	Advisor	Profile
Kaitlyn Henrich	Corporate Affairs	Profile

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