Getty Images Correlations

GETY Stock  USD 2.93  0.01  0.34%   
The current 90-days correlation between Getty Images Holdings and ANGI Homeservices is 0.25 (i.e., Modest diversification). The correlation of Getty Images 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.

Getty Images Correlation With Market

Modest diversification

The correlation between Getty Images Holdings and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Getty Images Holdings and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Getty Images 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 estimate.

Moving together with Getty Stock

  0.74MATH Metalpha TechnologyPairCorr

Moving against Getty Stock

  0.62OB OutbrainPairCorr
  0.61Z Zillow Group ClassPairCorr
  0.61ZG Zillow GroupPairCorr
  0.45FVRR Fiverr InternationalPairCorr
  0.41YY YY Inc ClassPairCorr
  0.78GENI Genius SportsPairCorr
  0.38YELP Yelp IncPairCorr
  0.37TEM Tempus AI, ClassPairCorr
  0.73PODC Courtside Group, CommonPairCorr
  0.63BZFDW BuzzFeedPairCorr
  0.58LCFY LocafyPairCorr
  0.34OPRA OperaPairCorr

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   
YELPTWLO
FVRRTWLO
TTGTTWLO
FVRRYELP
PINSBIDU
SNAPTWLO
  
High negative correlations   
MAXTWLO
FVRRMAX
ANGITWLO
MAXYELP
MAXPERI
TTGTANGI

Risk-Adjusted Indicators

There is a big difference between Getty Stock performing well and Getty Images 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 Getty Images' 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
TWLO  1.56  0.76  0.43  1.26  1.07 
 3.69 
 17.01 
BIDU  2.07 (0.07) 0.00 (0.04) 0.00 
 4.40 
 16.49 
SNAP  2.27  0.38  0.09 (1.43) 2.33 
 4.41 
 21.74 
ANGI  2.56 (0.58) 0.00 (0.28) 0.00 
 4.38 
 33.00 
PERI  1.44 (0.22) 0.00 (0.05) 0.00 
 3.06 
 11.22 
YELP  1.26 (0.02)(0.01) 0.10  1.33 
 3.13 
 8.65 
TTGT  2.11  0.17  0.08  0.26  2.21 
 4.81 
 19.93 
MAX  2.69 (0.51) 0.00 (0.35) 0.00 
 4.70 
 35.30 
FVRR  2.45  0.22  0.09  0.30  2.55 
 4.93 
 23.04 
PINS  1.61 (0.12) 0.00 (0.01) 0.00 
 2.79 
 17.91 

Getty Images Corporate Management