Wideopenwest Stock Beta

WU5 Stock  EUR 4.86  0.24  4.71%   
WideOpenWest fundamentals help investors to digest information that contributes to WideOpenWest's financial success or failures. It also enables traders to predict the movement of WideOpenWest Stock. The fundamental analysis module provides a way to measure WideOpenWest's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to WideOpenWest stock.
  
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WideOpenWest Company Beta Analysis

WideOpenWest's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.

Beta

 = 

Covariance

Variance

More About Beta | All Equity Analysis

Current WideOpenWest Beta

    
  1.82  
Most of WideOpenWest's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, WideOpenWest is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Competition

In accordance with the recently published financial statements, WideOpenWest has a Beta of 1.8169. This is 41.95% higher than that of the Communication Services sector and 79.89% higher than that of the Pay TV industry. The beta for all Germany stocks is notably lower than that of the firm.

WideOpenWest Beta Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses WideOpenWest's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of WideOpenWest could also be used in its relative valuation, which is a method of valuing WideOpenWest by comparing valuation metrics of similar companies.
WideOpenWest is rated first in beta category among its peers.
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, WideOpenWest will likely underperform.

WideOpenWest Fundamentals

About WideOpenWest Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze WideOpenWest's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of WideOpenWest using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of WideOpenWest based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

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Additional Information and Resources on Investing in WideOpenWest Stock

When determining whether WideOpenWest is a strong investment it is important to analyze WideOpenWest's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact WideOpenWest's future performance. For an informed investment choice regarding WideOpenWest Stock, refer to the following important reports:
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 board of governors.
For more detail on how to invest in WideOpenWest Stock please use our How to Invest in WideOpenWest guide.
You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Please note, there is a significant difference between WideOpenWest's value and its price as these two are different measures arrived at by different means. Investors typically determine if WideOpenWest is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WideOpenWest's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.