Gray Competitors
| GTNA Stock | USD 12.78 0.54 4.41% |
Gray Television vs Eastman Chemical Correlation
Poor diversification
The correlation between Gray Television and EMN is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gray Television and EMN in the same portfolio, assuming nothing else is changed.
Moving against Gray Stock
| 0.71 | PBCRY | Bank Central Asia | PairCorr |
| 0.69 | SPOT | Spotify Technology Earnings Call This Week | PairCorr |
| 0.67 | SNAL | Snail Class A | PairCorr |
| 0.63 | AIM | Ai Media Technologies | PairCorr |
| 0.63 | NFLX | Netflix | PairCorr |
Gray Television Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Gray Television 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 Gray 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 Gray Television does not affect the price movement of the other competitor.
| -0.7 | 0.43 | 0.83 | 0.5 | 0.73 | 0.9 | DD | ||
| -0.7 | -0.56 | -0.66 | -0.85 | -0.63 | -0.76 | EFRMF | ||
| 0.43 | -0.56 | 0.28 | 0.45 | 0.39 | 0.51 | SOMMY | ||
| 0.83 | -0.66 | 0.28 | 0.52 | 0.71 | 0.79 | B | ||
| 0.5 | -0.85 | 0.45 | 0.52 | 0.61 | 0.57 | USGO | ||
| 0.73 | -0.63 | 0.39 | 0.71 | 0.61 | 0.77 | HUSIF | ||
| 0.9 | -0.76 | 0.51 | 0.79 | 0.57 | 0.77 | EMN | ||
High positive correlations
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Gray Stock performing well and Gray Television 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 Gray Television'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DD | 1.29 | 0.53 | 0.37 | 23.01 | 0.74 | 3.82 | 11.55 | |||
| EFRMF | 0.48 | (0.26) | 0.00 | (0.68) | 0.00 | 0.00 | 15.97 | |||
| SOMMY | 1.78 | 0.24 | 0.09 | 2.75 | 1.80 | 3.69 | 10.31 | |||
| B | 2.04 | 0.44 | 0.12 | 0.38 | 3.12 | 4.37 | 20.22 | |||
| USGO | 3.34 | 0.06 | 0.01 | 0.10 | 4.29 | 9.48 | 22.52 | |||
| HUSIF | 3.16 | 0.41 | 0.10 | 1.14 | 3.15 | 10.14 | 21.13 | |||
| EMN | 1.65 | 0.44 | 0.22 | 1.20 | 1.49 | 5.51 | 9.74 |
Cross Equities Net Income Analysis
Compare Gray Television and related stocks such as Dupont De Nemours, East Africa Metals, and Sumitomo Chemical Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DD | 58 M | 2.7 B | 1.2 B | 4.7 B | 3.7 B | 7.6 B | 4.3 B | 1.4 B | 3.8 B | 497 M | (3 B) | 6.5 B | 5.9 B | 423 M | 703 M | 808.5 M | 768 M |
| B | 12.1 M | 64.7 M | 95.2 M | 270.5 M | 118.4 M | 121.4 M | 135.6 M | 59.4 M | 166.2 M | 158.3 M | 63.4 M | 2 B | 432 M | 1.3 B | 2.1 B | 2.5 B | 2.6 B |
| USGO | (595 K) | (595 K) | (595 K) | (595 K) | (595 K) | (595 K) | (595 K) | (595 K) | (595 K) | (595 K) | (697.3 K) | (1.7 M) | (9.4 M) | (8.5 M) | (8.5 M) | (7.6 M) | (7.3 M) |
| EMN | (209 M) | 696 M | 437 M | 1.2 B | 751 M | 848 M | 866 M | 1.5 B | 1.1 B | 759 M | 478 M | 857 M | 793 M | 894 M | 905 M | 474 M | 546.6 M |
Gray Television and related stocks such as Dupont De Nemours, East Africa Metals, and Sumitomo Chemical Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Gray Television financial statement analysis. It represents the amount of money remaining after all of Gray Television operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Gray Television Competitive Analysis
The better you understand Gray Television competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Gray Television'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 Gray Television'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 |
Gray Television Competition Performance Charts
Five steps to successful analysis of Gray Television Competition
Gray Television'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 Gray Television in relation to its competition. Gray Television's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Gray Television 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 Gray Television's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Gray Television, 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 Gray Television position
In addition to having Gray Television 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 Music and Video Thematic Idea Now
Music and Video
Companies specializing in music, video and movie production and distribution. The Music and Video theme has 37 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 Music and Video Theme or any other thematic opportunities.
| View All Next | Launch |
Check out Gray Television Correlation with its peers. For information on how to trade Gray Stock refer to our How to Trade Gray Stock guide.You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Is Movies & Entertainment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Gray Television. Market participants price Gray higher when confident in its future expansion prospects. The financial industry is built on trying to define current growth potential and future valuation accurately. Comprehensive Gray Television assessment requires weighing all these inputs, though not all factors influence outcomes equally.
Understanding Gray Television requires distinguishing between market price and book value, where the latter reflects Gray's accounting equity. The concept of intrinsic value - what Gray Television's is actually worth based on fundamentals - guides informed investors toward better entry and exit points. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Market sentiment, economic cycles, and investor behavior can push Gray Television's price substantially above or below its fundamental value.
Please note, there is a significant difference between Gray Television's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gray Television is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. In contrast, Gray Television's trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.