Fubotv Correlations

FUBO Stock

USD 1.53 0.09 6.25%

The current 90-days correlation between Fubotv Inc and Cumulus Media Class is 0.11 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fubotv moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fubotv Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Fubotv Correlation With Market

Average diversification

The correlation between Fubotv Inc and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fubotv Inc and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fubotv Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving against Fubotv Stock

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0.55	IT	Gartner	Pair Corr
0.54	JG	Aurora Mobile Trending	Pair Corr
0.45	DT	Dynatrace Holdings LLC	Pair Corr
0.45	FI	Fiserv, Sell-off Trend	Pair Corr
0.44	DQ	Daqo New Energy	Pair Corr
0.43	GB	Global Blue Group Earnings Call Today	Pair Corr
0.42	BL	Blackline	Pair Corr
0.38	MI	NFT Limited	Pair Corr
0.57	QH	Quhuo	Pair Corr
0.55	PI	Impinj Inc	Pair Corr
0.45	UI	Ubiquiti Networks	Pair Corr
0.45	VERX	Vertex	Pair Corr
0.44	DSGX	Descartes Systems	Pair Corr
0.43	DOCU	DocuSign	Pair Corr
0.4	NA	Nano Labs	Pair Corr
0.36	ZM	Zoom Video Communications Earnings Call This Week	Pair Corr
0.35	DSWL	Deswell Industries	Pair Corr

Related Correlations Analysis

	CMLS	IHRT	LPTV	GTN	SSP	SGA	LSXMA	AUDA	GTN-A	TGNA
CMLS		-0.84	0.83	-0.02	-0.19	0.83	-0.53	0.0	0.33	-0.92	CMLS
IHRT	-0.84		-0.78	0.0	0.3	-0.74	0.49	0.0	-0.3	0.84	IHRT
LPTV	0.83	-0.78		-0.13	-0.24	0.7	-0.54	0.0	0.35	-0.83	LPTV
GTN	-0.02	0.0	-0.13		0.78	0.39	-0.04	0.0	0.08	0.15	GTN
SSP	-0.19	0.3	-0.24	0.78		0.22	-0.01	0.0	0.12	0.3	SSP
SGA	0.83	-0.74	0.7	0.39	0.22		-0.45	0.0	0.34	-0.69	SGA
LSXMA	-0.53	0.49	-0.54	-0.04	-0.01	-0.45		0.0	-0.43	0.5	LSXMA
AUDA	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	AUDA
GTN-A	0.33	-0.3	0.35	0.08	0.12	0.34	-0.43	0.0		-0.39	GTN-A
TGNA	-0.92	0.84	-0.83	0.15	0.3	-0.69	0.5	0.0	-0.39		TGNA
	CMLS	IHRT	LPTV	GTN	SSP	SGA	LSXMA	AUDA	GTN-A	TGNA

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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

TGNA	+ 0.84	IHRT
LPTV	+ 0.83	CMLS
SGA	+ 0.83	CMLS
SSP	+ 0.78	GTN
SGA	+ 0.7	LPTV
TGNA	+ 0.5	LSXMA

High negative correlations

TGNA	- 0.92	CMLS
IHRT	- 0.84	CMLS
TGNA	- 0.83	LPTV
LPTV	- 0.78	IHRT
SGA	- 0.74	IHRT
TGNA	- 0.69	SGA

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
CMLS	2.95	(1.15)	0.00	(7.34)	0.00	0.00	4.62	(6.58)	26.58
IHRT	5.03	0.84	0.16	2.77	4.25	(6.56)	12.67	(6.91)	30.98
LPTV	9.23	(0.97)	0.00	1.45	0.00	0.00	16.67	(25.00)	93.46
GTN	2.63	(0.20)	0.00	(0.05)	0.00	0.00	5.37	(4.44)	36.50
SSP	4.83	(0.16)	0.00	0.03	7.64	(5.09)	10.66	(7.24)	59.20
SGA	1.01	(0.31)	0.00	(0.91)	0.00	0.00	2.04	(3.43)	7.82
LSXMA	1.45	0.07	0.00	0.60	1.81	(1.46)	2.87	(2.99)	6.62
AUDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GTN-A	4.15	0.13	(0.01)	(0.02)	6.34	(4.93)	9.09	(8.30)	45.90
TGNA	1.57	0.30	0.23	0.25	1.22	(1.82)	3.35	(2.54)	14.75

Fubotv Corporate Management

Alex Bafer	Executive Chairman of the Board	Profile
Ignacio Figueras	Director	Profile
Daniel Leff	Independent Director	Profile
Gina Esq	Chief Secretary	Profile
Sung Choi	CoFounder Product	Profile
John CFA	CFO Officer	Profile

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