Fubotv Competitors
| FUBO Stock | USD 1.38 0.14 9.21% |
Fubotv vs Gogo Correlation
Very poor diversification
The correlation between Fubotv Inc and GOGO is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fubotv Inc and GOGO in the same portfolio, assuming nothing else is changed.
Moving together with Fubotv Stock
Moving against Fubotv Stock
Fubotv Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Fubotv and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Fubotv and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Fubotv Inc does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Fubotv Stock performing well and Fubotv 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 Fubotv'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TV | 1.74 | 0.13 | 0.04 | 0.31 | 2.22 | 3.98 | 13.62 | |||
| NMAX | 2.87 | (0.65) | 0.00 | (0.46) | 0.00 | 5.55 | 24.15 | |||
| MOMO | 1.22 | (0.11) | 0.00 | (0.65) | 0.00 | 2.44 | 8.50 | |||
| GIBO | 4.35 | (0.03) | 0.00 | 0.28 | 0.00 | 9.44 | 32.13 | |||
| IDT | 1.35 | (0.13) | 0.00 | (0.25) | 0.00 | 2.68 | 7.41 | |||
| OPRA | 2.34 | (0.15) | (0.02) | 0.02 | 3.41 | 4.52 | 21.13 | |||
| ZD | 2.15 | (0.06) | (0.01) | 0.05 | 2.55 | 3.77 | 15.69 | |||
| ATUS | 0.71 | (0.22) | 0.00 | 1.96 | 0.00 | 1.13 | 1.66 | |||
| STGW | 2.69 | 0.09 | 0.03 | 0.16 | 3.14 | 5.90 | 21.81 | |||
| GOGO | 2.75 | (1.07) | 0.00 | (0.53) | 0.00 | 3.99 | 23.86 |
Fubotv Competitive Analysis
The better you understand Fubotv competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Fubotv's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Fubotv's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Fubotv Competition Performance Charts
Five steps to successful analysis of Fubotv Competition
Fubotv's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Fubotv Inc in relation to its competition. Fubotv's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Fubotv in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Fubotv's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Fubotv Inc, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Complement your Fubotv position
In addition to having Fubotv in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Aggressive Funds Thematic Idea Now
Aggressive Funds
Funds or Etfs that attempt to achieve high capital gains by investing in companies with high growth potential and above average risk. The Aggressive Funds theme has 48 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Aggressive Funds Theme or any other thematic opportunities.
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Check out Fubotv Correlation with its peers. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Will Systems Software sector continue expanding? Could Fubotv diversify its offerings? Factors like these will boost the valuation of Fubotv. Market participants price Fubotv higher when confident in its future expansion prospects. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every Fubotv data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Fubotv Inc's market price often diverges from its book value, the accounting figure shown on Fubotv's balance sheet. Smart investors calculate Fubotv's intrinsic value - its true economic worth - which may differ significantly from both market price and book value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Since Fubotv's trading price responds to investor sentiment, macroeconomic conditions, and market psychology, it can swing far from fundamental value.
Please note, there is a significant difference between Fubotv's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fubotv is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fubotv's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.