WideOpenWest Correlations

WOW Stock

USD 4.19 0.08 1.87%

The current 90-days correlation between WideOpenWest and ATN International is 0.3 (i.e., Weak diversification). The correlation of WideOpenWest 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. If the correlation is 0, the equities are not correlated; they are entirely random.

WideOpenWest Correlation With Market

Weak diversification

The correlation between WideOpenWest and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WideOpenWest and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in WideOpenWest. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

For more information on how to buy WideOpenWest Stock please use our How to Invest in WideOpenWest guide.

Moving together with WideOpenWest Stock

0.72	TV	Grupo Televisa SAB	Pair Corr
0.82	WLYB	John Wiley Sons	Pair Corr
0.79	ADV	Advantage Solutions	Pair Corr
0.67	BOC	Boston Omaha Corp	Pair Corr
0.61	GCI	Gannett	Pair Corr
0.79	IAS	Integral Ad Science	Pair Corr
0.87	OMC	Omnicom Group Earnings Call This Week	Pair Corr
0.73	WMG	Warner Music Group Earnings Call This Week	Pair Corr
0.89	CMCSA	Comcast Corp	Pair Corr
0.8	NXST	Nexstar Broadcasting	Pair Corr
0.83	LBRDA	Liberty Broadband Srs Downward Rally	Pair Corr
0.83	LBRDK	Liberty Broadband Srs Downward Rally	Pair Corr
0.85	SCHL	Scholastic	Pair Corr
0.82	TOON	Kartoon Studios,	Pair Corr
0.72	CDLX	Cardlytics	Pair Corr
0.61	CHTR	Charter Communications Earnings Call Today	Pair Corr

Moving against WideOpenWest Stock

0.66	LVO	LiveOne Earnings Call This Week	Pair Corr
0.66	NCTY	The9 Ltd ADR	Pair Corr
0.64	CTV	Innovid Corp	Pair Corr
0.54	SE	Sea	Pair Corr
0.53	PSO	Pearson PLC ADR	Pair Corr
0.53	MCHX	Marchex	Pair Corr
0.42	WIMI	WiMi Hologram Cloud	Pair Corr
0.34	DIS	Walt Disney Earnings Call This Week	Pair Corr
0.78	YY	YY Inc Class	Pair Corr
0.62	OB	Outbrain	Pair Corr
0.42	WB	Weibo Corp	Pair Corr
0.35	ABLV	Able View Global	Pair Corr
0.34	TRIP	TripAdvisor	Pair Corr
0.34	KT	KT Corporation Earnings Call This Week	Pair Corr

Related Correlations Analysis

	KT	TLK	SKM	PHI	VIV	ATNI	RADI	OOMA	TDS	TDS-PV
KT		0.05	0.28	-0.15	-0.06	-0.23	0.32	0.48	0.58	0.28	KT
TLK	0.05		0.51	0.84	0.59	0.71	-0.55	-0.35	-0.44	0.39	TLK
SKM	0.28	0.51		0.36	0.6	0.63	-0.73	-0.15	-0.44	0.23	SKM
PHI	-0.15	0.84	0.36		0.6	0.72	-0.54	-0.64	-0.61	0.43	PHI
VIV	-0.06	0.59	0.6	0.6		0.68	-0.8	-0.48	-0.59	0.7	VIV
ATNI	-0.23	0.71	0.63	0.72	0.68		-0.76	-0.59	-0.72	0.27	ATNI
RADI	0.32	-0.55	-0.73	-0.54	-0.8	-0.76		0.54	0.79	-0.28	RADI
OOMA	0.48	-0.35	-0.15	-0.64	-0.48	-0.59	0.54		0.79	-0.27	OOMA
TDS	0.58	-0.44	-0.44	-0.61	-0.59	-0.72	0.79	0.79		-0.11	TDS
TDS-PV	0.28	0.39	0.23	0.43	0.7	0.27	-0.28	-0.27	-0.11		TDS-PV
	KT	TLK	SKM	PHI	VIV	ATNI	RADI	OOMA	TDS	TDS-PV

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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

PHI	+ 0.84	TLK
TDS	+ 0.79	RADI
TDS	+ 0.79	OOMA
ATNI	+ 0.72	PHI
ATNI	+ 0.71	TLK
TDS-PV	+ 0.7	VIV

High negative correlations

RADI	- 0.8	VIV
RADI	- 0.76	ATNI
RADI	- 0.73	SKM
TDS	- 0.72	ATNI
OOMA	- 0.64	PHI
TDS	- 0.61	PHI

Risk-Adjusted Indicators

There is a big difference between WideOpenWest Stock performing well and WideOpenWest 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 WideOpenWest'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
KT	1.36	0.14	0.05	0.46	1.79	(1.54)	3.12	(2.62)	10.72
TLK	1.54	(0.23)	0.00	(0.41)	0.00	0.00	3.10	(3.19)	10.63
SKM	0.86	(0.14)	0.00	(0.36)	0.00	0.00	1.96	(1.72)	6.54
PHI	1.02	(0.17)	0.00	(0.54)	0.00	0.00	1.53	(2.63)	6.56
VIV	1.64	(0.14)	0.00	(0.27)	0.00	0.00	3.17	(4.02)	8.12
ATNI	2.43	(1.03)	0.00	(0.91)	0.00	0.00	3.00	(6.10)	29.40
RADI	0.10	0.01	(0.68)	(2.94)	0.00	(0.14)	0.27	(0.14)	0.61
OOMA	1.62	0.26	0.09	0.83	1.88	(1.81)	4.06	(3.37)	11.74
TDS	1.70	0.32	0.13	0.53	1.84	(1.79)	3.11	(2.38)	17.66
TDS-PV	1.00	(0.03)	(0.05)	0.05	1.08	(1.18)	2.82	(1.90)	7.30

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