WideOpenWest Correlations

WOW Stock  USD 36.90  0.22  0.60%   
The current 90-days correlation between WideOpenWest and Anterix is 0.01 (i.e., Significant 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

Poor diversification

The correlation between WideOpenWest and DJI is 0.61 (i.e., Poor 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 employment.
For more information on how to buy WideOpenWest Stock please use our How to Invest in WideOpenWest guide.

Moving together with WideOpenWest Stock

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  0.77SAR Saratoga Investment CorpPairCorr
  0.81PRA ProAssurancePairCorr
  0.92GBOOY Grupo Financiero BanortePairCorr
  0.85LNN LindsayPairCorr
  0.92SNPMF China Petroleum ChemicalPairCorr
  0.91GFR Greenfire ResourcesPairCorr
  0.86JOE St Joe CompanyPairCorr
  0.87RHHVF Roche Holding AGPairCorr
  0.84SOJE Southern CompanyPairCorr
  0.82BLE BlackRock MIT IIPairCorr
  0.78WEJTY Webjet LimitedPairCorr
  0.82FNV Franco NevadaPairCorr
  0.87UAA Under Armour APairCorr
  0.86STRS Stratus PropertiesPairCorr
  0.88KT KT CorporationPairCorr
  0.78OTSKY Otsuka HoldingsPairCorr

Moving against WideOpenWest Stock

  0.71JD JD Inc Adr Earnings Call TomorrowPairCorr
  0.71ACN Accenture plcPairCorr
  0.6VSNT Versant Media Group Symbol ChangePairCorr
  0.55AMZN Amazon IncPairCorr
  0.51CABO Cable OnePairCorr
  0.63ERHE ERHC EnergyPairCorr

Related Correlations Analysis


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

ATNIATEX
NCMIPERI
PERITHRY
NCMITHRY
ADVTHRY
TTGTTHRY
  

High negative correlations

THRYATEX
ATNITHRY
NCMIATNI
ATNIPERI
NCMIATEX
PERIATEX

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
ATEX  2.47  0.89  0.31  0.91  2.12 
 7.64 
 15.03 
GTN  2.78  0.14  0.05  0.11  3.23 
 5.66 
 35.52 
THRY  3.99 (0.73) 0.00 (0.58) 0.00 
 6.34 
 52.77 
TTGT  2.34 (0.48) 0.00 (0.44) 0.00 
 4.45 
 26.88 
PERI  1.34 (0.22) 0.00 (0.24) 0.00 
 2.80 
 9.06 
MCS  1.20  0.13  0.07  0.32  1.42 
 2.60 
 7.02 
ADV  4.37 (0.70) 0.00 (0.24) 0.00 
 7.06 
 37.90 
BOC  1.09  0.04  0.01  0.09  1.61 
 2.17 
 11.37 
ATNI  1.84  0.54  0.25 (4.30) 1.75 
 4.61 
 14.46 
NCMI  1.61 (0.20) 0.00  1.39  0.00 
 3.04 
 11.43