Atlanta Braves Correlations

BATRA Stock

USD 42.09 0.14 0.33%

The current 90-days correlation between Atlanta Braves Holdings, and The Liberty Braves is 0.13 (i.e., Average diversification). The correlation of Atlanta Braves 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.

Atlanta Braves Correlation With Market

Weak diversification

The correlation between Atlanta Braves Holdings, and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Atlanta Braves Holdings, and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Atlanta Braves Holdings,. 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 Atlanta Stock

0.71	LVO	LiveOne	Pair Corr
0.61	KUKE	Kuke Music Holding	Pair Corr

Moving against Atlanta Stock

0.73	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.71	EDR	Endeavor Group Holdings	Pair Corr
0.63	LYV	Live Nation Entertainment	Pair Corr
0.61	WMG	Warner Music Group	Pair Corr
0.54	LBRDA	Liberty Broadband Srs	Pair Corr
0.54	Z	Zillow Group Class	Pair Corr
0.53	DIS	Walt Disney Sell-off Trend	Pair Corr
0.53	LBRDK	Liberty Broadband Srs	Pair Corr
0.51	CMCSA	Comcast Corp Fiscal Year End 23rd of January 2025	Pair Corr
0.48	MSGS	Madison Square Garden	Pair Corr
0.45	WLY	John Wiley Sons Earnings Call This Week	Pair Corr
0.43	TV	Grupo Televisa SAB	Pair Corr
0.43	MCS	Marcus	Pair Corr
0.4	CURIW	CuriosityStream	Pair Corr
0.39	DUO	Fangdd Network Group	Pair Corr
0.39	WBD	Warner Bros Discovery Aggressive Push	Pair Corr
0.39	FWONA	Liberty Media	Pair Corr
0.37	IQ	iQIYI Inc Aggressive Push	Pair Corr
0.36	CNK	Cinemark Holdings	Pair Corr
0.31	HUYA	HUYA Inc	Pair Corr
0.69	WB	Weibo Corp	Pair Corr
0.63	VEON	VEON	Pair Corr
0.61	ZH	Zhihu Inc ADR Downward Rally	Pair Corr
0.54	BZ	Kanzhun Ltd ADR Buyout Trend	Pair Corr
0.54	ZG	Zillow Group	Pair Corr
0.45	WIMI	WiMi Hologram Cloud	Pair Corr
0.41	KT	KT Corporation	Pair Corr
0.36	VZ	Verizon Communications Sell-off Trend	Pair Corr
0.35	YY	YY Inc Class	Pair Corr

Related Correlations Analysis

	BATRB	MSGS	FWONA	FWONK	SPHR	BATRK	MCS	NWS	NWSA	AGAEW
BATRB		-0.69	-0.53	-0.47	-0.02	0.64	-0.56	-0.36	-0.25	0.64	BATRB
MSGS	-0.69		0.86	0.84	-0.07	-0.28	0.85	0.76	0.68	-0.87	MSGS
FWONA	-0.53	0.86		0.99	-0.31	-0.17	0.85	0.8	0.73	-0.79	FWONA
FWONK	-0.47	0.84	0.99		-0.3	-0.09	0.85	0.84	0.79	-0.76	FWONK
SPHR	-0.02	-0.07	-0.31	-0.3		0.22	-0.4	-0.39	-0.35	0.07	SPHR
BATRK	0.64	-0.28	-0.17	-0.09	0.22		-0.19	0.04	0.17	0.27	BATRK
MCS	-0.56	0.85	0.85	0.85	-0.4	-0.19		0.92	0.86	-0.77	MCS
NWS	-0.36	0.76	0.8	0.84	-0.39	0.04	0.92		0.98	-0.63	NWS
NWSA	-0.25	0.68	0.73	0.79	-0.35	0.17	0.86	0.98		-0.54	NWSA
AGAEW	0.64	-0.87	-0.79	-0.76	0.07	0.27	-0.77	-0.63	-0.54		AGAEW
	BATRB	MSGS	FWONA	FWONK	SPHR	BATRK	MCS	NWS	NWSA	AGAEW

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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

FWONK	+ 0.99	FWONA
NWSA	+ 0.98	NWS
NWS	+ 0.92	MCS
FWONA	+ 0.86	MSGS
NWSA	+ 0.86	MCS
MCS	+ 0.85	MSGS

High negative correlations

AGAEW	- 0.87	MSGS
AGAEW	- 0.79	FWONA
AGAEW	- 0.77	MCS
AGAEW	- 0.76	FWONK
MSGS	- 0.69	BATRB
AGAEW	- 0.63	NWS

Risk-Adjusted Indicators

There is a big difference between Atlanta Stock performing well and Atlanta Braves 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 Atlanta Braves' 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
BATRB	1.69	(0.31)	0.00	2.22	0.00	0.00	4.17	(5.00)	25.83
MSGS	0.75	0.04	0.01	0.19	0.77	(0.79)	1.45	(1.32)	5.10
FWONA	1.14	0.09	0.06	0.22	1.33	(1.25)	2.87	(1.69)	8.37
FWONK	1.18	0.08	0.06	0.20	1.22	(1.29)	2.92	(1.68)	9.14
SPHR	2.13	(0.36)	0.00	(0.15)	0.00	0.00	5.06	(4.40)	14.27
BATRK	0.97	(0.22)	0.00	(0.20)	0.00	0.00	1.77	(2.35)	4.84
MCS	1.42	0.69	0.55	1.44	0.23	(1.82)	4.35	(1.58)	12.61
NWS	0.91	0.04	0.02	0.18	1.14	(1.02)	1.77	(1.64)	6.61
NWSA	0.89	(0.04)	(0.04)	0.08	1.22	(0.92)	1.73	(1.68)	6.51
AGAEW	11.47	(0.37)	0.00	0.80	0.00	0.00	25.00	(33.33)	83.33

Atlanta Braves Corporate Management

Ben Oren	Executive Treasurer	Profile
Shane Kleinstein	Head Relations	Profile
Christopher Shean	Senior Advisor	Profile
Michael Hurelbrink	Assistant Secretary	Profile

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