Gray Television Correlations

Gray Television Correlation With Market

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gray Television. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. For information on how to trade Gray Stock refer to our How to Trade Gray Stock guide.

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    UUGWF + 0.76 KNTK KNTK + 0.74 AM ENLT + 0.51 ENIC UUGWF + 0.45 ENLT UUGWF + 0.43 AM ENLT + 0.43 KNTK

High negative correlations    KO - 0.79 KNTK ENIC - 0.66 MNST UUGWF - 0.65 KO KO - 0.39 ENLT ENLT - 0.38 MNST KO - 0.33 AM

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.