Network Media Correlations
| NETWF Stock | USD 0.06 0.03 29.05% |
The current 90-days correlation between Network Media Group and Guild Esports Plc is 0.02 (i.e., Significant diversification). The correlation of Network Media 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.
Network Media Correlation With Market
Very good diversification
The correlation between Network Media Group and DJI is -0.25 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Network Media Group and DJI in the same portfolio, assuming nothing else is changed.
Network |
The ability to find closely correlated positions to Network Media could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Network Media 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 Network Media - 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 Network Media Group to buy it.
Moving together with Network OTC Stock
| 0.64 | UNVGY | Universal Music Group | PairCorr |
| 0.66 | UMGNF | Universal Music Group | PairCorr |
| 0.68 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.74 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.84 | KO | Coca Cola Sell-off Trend | PairCorr |
| 0.7 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.85 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
Moving against Network OTC Stock
| 0.88 | LYV | Live Nation Entertainment | PairCorr |
| 0.88 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.87 | FWONA | Liberty Media | PairCorr |
| 0.87 | T | ATT Inc Aggressive Push | PairCorr |
| 0.84 | NFLX | Netflix Fiscal Year End 28th of January 2025 | PairCorr |
| 0.84 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.83 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.82 | FWONK | Liberty Media | PairCorr |
| 0.8 | FOX | Fox Corp Class | PairCorr |
| 0.79 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.78 | DIS | Walt Disney Aggressive Push | PairCorr |
| 0.74 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.67 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.66 | WBD | Warner Bros Discovery Aggressive Push | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Network OTC Stock performing well and Network Media OTC Stock 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 Network Media'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GULDF | 5.53 | 3.21 | 0.00 | (0.78) | 0.00 | 0.00 | 185.19 | |||
| ZUMRF | 46.76 | 23.01 | 0.00 | 3.82 | 0.00 | 0.00 | 0.00 | |||
| NETWF | 3.59 | (1.06) | 0.00 | 0.56 | 0.00 | 0.00 | 59.64 | |||
| TRMNF | 10.14 | 3.42 | 0.00 | (0.94) | 0.00 | 18.18 | 252.08 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Network Media 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.Did you try this?
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Network Media Corporate Management
Elected by the shareholders, the Network Media's board of directors comprises two types of representatives: Network Media inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Network. The board's role is to monitor Network Media's management team and ensure that shareholders' interests are well served. Network Media'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, Network Media's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Michael Wills | Dev Mang | Profile | |
| Brian Gersh | Pres Producer | Profile | |
| Gemma Strongman | Head Exec | Profile | |
| Bianca Cervantes | Head Archival | Profile | |
| Kent Wingerak | Sr Affairs | Profile | |
| Trevor Treweeke | Director Markets | Profile | |
| Julie Nunes | Head Production | Profile |