WideOpenWest Correlations

WOW Stock

USD 30.64 0.11 0.36%

The current 90-days correlation between WideOpenWest and Anterix is 0.05 (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 0.7 (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.

Build AI portfolio with WideOpenWest Stock

Check out Your Current Watchlist to better understand how to build diversified portfolios. 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.

Moving together with WideOpenWest Stock

0.79	CMCSA	Comcast Corp Aggressive Push	Pair Corr
0.69	KB	KB Financial Group Earnings Call This Week	Pair Corr
0.66	SHG	Shinhan Financial Earnings Call This Week	Pair Corr
0.9	SECVY	Seche Environnement	Pair Corr
0.76	OBYCF	Obayashi Earnings Call This Week	Pair Corr
0.62	BNKHF	BOC Hong Kong	Pair Corr
0.93	RILYL	B Riley Financial	Pair Corr

Moving against WideOpenWest Stock

0.79	CABO	Cable One	Pair Corr
0.77	PBCRY	Bank Central Asia	Pair Corr
0.42	PBCRF	PT Bank Central	Pair Corr
0.37	NVNIW	Nvni Group Limited	Pair Corr
0.34	CHTR	Charter Communications	Pair Corr

Related Correlations Analysis

	ATEX	GTN	THRY	TTGT	PERI	MCS	ADV	BOC	ATNI	NCMI
ATEX		-0.39	-0.8	0.33	-0.53	0.03	-0.45	-0.21	0.72	-0.76	ATEX
GTN	-0.39		0.42	0.0	0.58	0.45	-0.01	0.56	-0.02	0.4	GTN
THRY	-0.8	0.42		-0.03	0.46	-0.1	0.48	0.24	-0.77	0.76	THRY
TTGT	0.33	0.0	-0.03		-0.1	0.01	-0.2	0.24	0.2	-0.18	TTGT
PERI	-0.53	0.58	0.46	-0.1		0.47	-0.06	0.35	-0.19	0.64	PERI
MCS	0.03	0.45	-0.1	0.01	0.47		-0.32	0.28	0.36	0.05	MCS
ADV	-0.45	-0.01	0.48	-0.2	-0.06	-0.32		-0.18	-0.69	0.35	ADV
BOC	-0.21	0.56	0.24	0.24	0.35	0.28	-0.18		0.02	0.34	BOC
ATNI	0.72	-0.02	-0.77	0.2	-0.19	0.36	-0.69	0.02		-0.71	ATNI
NCMI	-0.76	0.4	0.76	-0.18	0.64	0.05	0.35	0.34	-0.71		NCMI
	ATEX	GTN	THRY	TTGT	PERI	MCS	ADV	BOC	ATNI	NCMI

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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

NCMI	+ 0.76	THRY
ATNI	+ 0.72	ATEX
NCMI	+ 0.64	PERI
PERI	+ 0.58	GTN
BOC	+ 0.56	GTN
ADV	+ 0.48	THRY

High negative correlations

THRY	- 0.8	ATEX
ATNI	- 0.77	THRY
NCMI	- 0.76	ATEX
NCMI	- 0.71	ATNI
ATNI	- 0.69	ADV
PERI	- 0.53	ATEX

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
ATEX	2.54	0.43	0.13	2.76	2.65	(2.67)	7.64	(4.69)	20.21
GTN	2.34	(0.08)	0.00	(0.02)	0.00	0.00	5.13	(4.31)	13.88
THRY	3.01	(1.05)	0.00	(0.45)	0.00	0.00	4.32	(6.80)	18.57
TTGT	2.34	(0.06)	0.00	(0.35)	0.00	0.00	5.93	(5.15)	15.02
PERI	1.41	(0.17)	0.00	(0.09)	0.00	0.00	2.82	(3.15)	14.14
MCS	1.34	0.07	0.04	0.12	1.55	(1.40)	3.48	(2.82)	8.66
ADV	4.23	(0.79)	0.00	(0.22)	0.00	0.00	7.06	(9.00)	37.90
BOC	1.35	(0.03)	0.00	(0.02)	0.00	0.00	2.62	(2.61)	16.99
ATNI	2.19	0.91	0.42	1.28	1.52	(2.84)	5.16	(3.13)	22.28
NCMI	1.58	(0.43)	0.00	(0.30)	0.00	0.00	2.45	(3.74)	13.16

WideOpenWest Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with WideOpenWest stock to make a market-neutral strategy. Peer analysis of WideOpenWest could also be used in its relative valuation, which is a method of valuing WideOpenWest by comparing valuation metrics with similar companies.

Anterix Gray Television Thryv Holdings TechTarget Common Stock Perion Network Marcus Advantage Solutions Boston Omaha Corp ATN International National CineMedia American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

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