WideOpenWest Correlations

WOW Stock

USD 3.89 0.09 2.37%

The current 90-days correlation between WideOpenWest and Shenandoah Telecommunications Co is -0.09 (i.e., Good 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

Good diversification

The correlation between WideOpenWest and DJI is -0.11 (i.e., Good 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, 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

0.79	BOC	Boston Omaha Corp	Pair Corr
0.84	DUO	Fangdd Network Group	Pair Corr
0.83	HHS	Harte Hanks	Pair Corr
0.72	XHLD	TEN Holdings, Common	Pair Corr
0.79	PSO	Pearson PLC ADR	Pair Corr
0.67	WPP	WPP PLC ADR	Pair Corr
0.82	KUKE	Kuke Music Holding	Pair Corr
0.68	NCTY	The9 Ltd ADR	Pair Corr

Moving against WideOpenWest Stock

0.83	WBD	Warner Bros Discovery Aggressive Push	Pair Corr
0.77	EVC	Entravision Communications	Pair Corr
0.75	MCHX	Marchex	Pair Corr
0.71	TV	Grupo Televisa SAB Buyout Trend	Pair Corr
0.65	VSME	VS Media Holdings	Pair Corr
0.65	DIS	Walt Disney	Pair Corr
0.62	FWONK	Liberty Media	Pair Corr
0.61	TSQ	Townsquare Media	Pair Corr
0.6	LYV	Live Nation Entertainment	Pair Corr
0.6	IMAX	Imax Corp Earnings Call Tomorrow	Pair Corr
0.58	FWONA	Liberty Media	Pair Corr
0.57	DLPN	Dolphin Entertainment	Pair Corr
0.55	TC	TuanChe ADR	Pair Corr
0.51	FOX	Fox Corp Class	Pair Corr
0.49	IAS	Integral Ad Science	Pair Corr
0.48	UONEK	Urban One Class	Pair Corr
0.35	SE	Sea Sell-off Trend	Pair Corr
0.33	GCI	Gannett Earnings Call This Week	Pair Corr
0.75	MGNI	Magnite Downward Rally	Pair Corr
0.68	SPHR	Sphere Entertainment	Pair Corr
0.66	MDIA	Mediaco Holding	Pair Corr
0.65	QMMM	QMMM Holdings Limited	Pair Corr
0.64	Z	Zillow Group Class Earnings Call This Week	Pair Corr
0.63	KT	KT Corporation	Pair Corr
0.62	SCHL	Scholastic Earnings Call Tomorrow	Pair Corr
0.6	NXST	Nexstar Broadcasting	Pair Corr

Related Correlations Analysis

	TIMB	SHEN	USM	ATNI	CABO	WTTR	TSQ	LBRDA	EEX
TIMB		0.67	-0.16	0.22	-0.78	0.64	0.71	0.69	0.86	TIMB
SHEN	0.67		0.33	0.67	-0.44	0.76	0.71	0.13	0.51	SHEN
USM	-0.16	0.33		0.73	0.38	0.29	0.31	-0.36	-0.17	USM
ATNI	0.22	0.67	0.73		0.17	0.57	0.57	-0.21	0.04	ATNI
CABO	-0.78	-0.44	0.38	0.17		-0.39	-0.54	-0.74	-0.89	CABO
WTTR	0.64	0.76	0.29	0.57	-0.39		0.6	0.25	0.52	WTTR
TSQ	0.71	0.71	0.31	0.57	-0.54	0.6		0.43	0.69	TSQ
LBRDA	0.69	0.13	-0.36	-0.21	-0.74	0.25	0.43		0.84	LBRDA
EEX	0.86	0.51	-0.17	0.04	-0.89	0.52	0.69	0.84		EEX
	TIMB	SHEN	USM	ATNI	CABO	WTTR	TSQ	LBRDA	EEX

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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

EEX	+ 0.86	TIMB
EEX	+ 0.84	LBRDA
WTTR	+ 0.76	SHEN
ATNI	+ 0.73	USM
TSQ	+ 0.71	TIMB
TSQ	+ 0.71	SHEN

High negative correlations

EEX	- 0.89	CABO
CABO	- 0.78	TIMB
LBRDA	- 0.74	CABO
TSQ	- 0.54	CABO
CABO	- 0.44	SHEN
WTTR	- 0.39	CABO

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
TIMB	1.46	0.32	0.10	(5.03)	1.21	(1.71)	3.54	(2.41)	9.95
SHEN	1.99	0.17	0.03	0.40	3.40	(2.13)	3.36	(5.07)	16.23
USM	1.60	0.02	(0.04)	0.26	2.46	(1.63)	3.60	(3.09)	12.96
ATNI	2.11	0.01	(0.01)	0.19	3.32	(2.08)	4.44	(3.26)	18.81
CABO	3.71	(0.50)	0.00	(106.35)	0.00	0.00	7.80	(6.53)	46.30
WTTR	2.04	0.24	0.02	237.66	2.79	(2.35)	4.39	(3.69)	15.80
TSQ	1.85	(0.08)	(0.02)	0.09	3.45	(1.68)	3.35	(3.52)	19.77
LBRDA	1.65	0.25	0.11	0.49	1.53	(1.92)	2.88	(2.89)	14.76
EEX	1.73	0.31	0.21	0.40	1.42	(2.16)	4.64	(3.02)	19.35

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