Cinedigm Corp Correlations
| CIDMDelisted Stock | USD 0.29 0.01 3.33% |
The current 90-days correlation between Cinedigm Corp and Cineverse Corp is -0.28 (i.e., Very good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cinedigm Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cinedigm Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Cinedigm Corp Correlation With Market
Significant diversification
The correlation between Cinedigm Corp and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cinedigm Corp and DJI in the same portfolio, assuming nothing else is changed.
Cinedigm |
Moving together with Cinedigm Stock
| 0.74 | BKRKY | Bank Rakyat | PairCorr |
| 0.76 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.75 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.61 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.62 | PBCRY | Bank Central Asia | PairCorr |
| 0.75 | MEDS | Trxade Group Symbol Change | PairCorr |
Moving against Cinedigm Stock
| 0.84 | NBIX | Neurocrine Biosciences | PairCorr |
| 0.78 | OBYCF | Obayashi | PairCorr |
| 0.76 | TGTX | TG Therapeutics | PairCorr |
| 0.76 | SAPMF | Saipem SpA | PairCorr |
| 0.76 | MAR | Marriott International | PairCorr |
| 0.75 | CNOBP | ConnectOne Bancorp | PairCorr |
| 0.75 | BSIG | Brightsphere Investment | PairCorr |
| 0.74 | CTRN | Citi Trends | PairCorr |
| 0.7 | GIFI | Gulf Island Fabrication | PairCorr |
| 0.69 | FRME | First Merchants Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.66 | THCPU | Thunder Bridge Capital | PairCorr |
| 0.63 | ESGLW | ESGL Holdings Limited | PairCorr |
| 0.61 | RCMT | RCM Technologies | PairCorr |
| 0.59 | 784730AB9 | US784730AB94 | PairCorr |
| 0.54 | VATE | Innovate Corp | PairCorr |
| 0.5 | NETDU | Nabors Energy Transition | PairCorr |
| 0.49 | GM | General Motors | PairCorr |
| 0.86 | YPF | YPF Sociedad Anonima | PairCorr |
| 0.85 | DMRC | Digimarc | PairCorr |
| 0.84 | RELY | Remitly Global Tech Boost | PairCorr |
| 0.82 | AS | Amer Sports, | PairCorr |
| 0.81 | HUT | Hut 8 Corp | PairCorr |
| 0.81 | SUM | Summit Materials | PairCorr |
| 0.79 | GLPPRB | Global Partners LP | PairCorr |
| 0.79 | EVGR | Evergreen Corp | PairCorr |
| 0.75 | DASH | DoorDash, Class A | PairCorr |
| 0.75 | HAFC | Hanmi Financial Fiscal Year End 28th of January 2025 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Cinedigm Stock performing well and Cinedigm Corp 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 Cinedigm Corp'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CNVS | 5.87 | 2.56 | 0.46 | 3.73 | 4.45 | 20.27 | 44.12 | |||
| AMC | 2.32 | (0.18) | 0.00 | (0.10) | 0.00 | 4.68 | 15.85 | |||
| MANU | 1.26 | 0.07 | 0.03 | 0.14 | 1.65 | 3.05 | 7.42 | |||
| IQ | 3.86 | 0.03 | 0.01 | 0.06 | 3.87 | 9.80 | 23.45 | |||
| RSVR | 1.95 | 0.23 | 0.09 | 0.15 | 2.54 | 4.75 | 13.53 | |||
| MCS | 1.50 | 0.57 | 0.39 | 0.90 | 0.92 | 4.35 | 13.04 | |||
| NWS | 0.85 | 0.13 | 0.13 | 0.53 | 0.76 | 1.77 | 5.64 | |||
| NWSA | 0.83 | 0.05 | 0.05 | 0.09 | 0.91 | 1.65 | 5.97 | |||
| RDI | 3.18 | (0.40) | 0.00 | (0.55) | 0.00 | 8.28 | 25.78 | |||
| CSSEP | 14.01 | 3.44 | 0.21 | (0.49) | 13.57 | 18.26 | 332.88 |
View Cinedigm Corp Related Equities
| Risk & Return | Correlation |
Cinedigm Corp Corporate Management
| John Canning | Chief Officer | Profile | |
| George Cruz | Ex Accounting | Profile | |
| Kim Staruk | VP Marketing | Profile | |
| Mark Torres | VP Admin | Profile | |
| Daniel Coyle | VP Sales | Profile |
Still Interested in Cinedigm Corp?
Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.