Fubotv Correlations

FUBO Stock  USD 3.18  0.09  2.91%   
The current 90-days correlation between Fubotv Inc and Cumulus Media Class is 0.12 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fubotv moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fubotv Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Fubotv Correlation With Market

Significant diversification

The correlation between Fubotv Inc and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fubotv Inc and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fubotv Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with Fubotv Stock

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Moving against Fubotv Stock

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  0.48GPUS Hyperscale Data, Symbol ChangePairCorr
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  0.41FRGE Forge Global Holdings Earnings Call This WeekPairCorr
  0.39GRYP Gryphon Digital Mining Earnings Call This WeekPairCorr
  0.39SDIG Stronghold Digital MiningPairCorr
  0.33MARA Marathon Digital HoldingsPairCorr
  0.38DM Desktop Metal Tech BoostPairCorr

Related Correlations Analysis

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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   
IHRTCMLS
GTN-AIHRT
SGAGTN
SGAIHRT
GTN-ACMLS
TGNAGTN-A
  
High negative correlations   
TGNAGTN
GTNCMLS
GTNIHRT
SSPCMLS
TGNAAUDA
GTN-AAUDA

Risk-Adjusted Indicators

There is a big difference between Fubotv Stock performing well and Fubotv 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 Fubotv'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
CMLS  4.59 (0.43) 0.00 (0.28) 0.00 
 8.54 
 38.17 
IHRT  3.64 (0.49) 0.00 (0.42) 0.00 
 6.33 
 33.01 
LPTV  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
GTN  3.60  0.45  0.10  0.25  3.89 
 6.97 
 16.97 
SSP  5.36  0.59  0.14  4.27  4.37 
 13.18 
 46.65 
SGA  1.68  0.08  0.08  0.67  1.99 
 4.21 
 12.30 
LSXMA  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
AUDA  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
GTN-A  2.85  0.10  0.00 (0.03) 0.00 
 7.14 
 22.97 
TGNA  1.16  0.02  0.00 (0.06) 0.00 
 2.38 
 10.43 

Fubotv Corporate Management

Alex BaferExecutive Chairman of the BoardProfile
Ameet PadteCorporate FPAProfile
Ignacio FiguerasDirectorProfile
Daniel LeffIndependent DirectorProfile
Gina EsqChief SecretaryProfile
Sung ChoiCoFounder ProductProfile