Gannett Correlations

GCI Stock

USD 5.13 0.02 0.39%

The current 90-days correlation between Gannett and Scholastic is 0.34 (i.e., Weak diversification). The correlation of Gannett 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.

Gannett Correlation With Market

Weak diversification

The correlation between Gannett Co and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gannett Co and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gannett Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving against Gannett Stock

0.44	AMC	AMC Entertainment Aggressive Push	Pair Corr
0.5	EEX	Emerald Expositions	Pair Corr
0.5	HAO	Haoxi Health Technology	Pair Corr
0.34	LVO	LiveOne	Pair Corr

Related Correlations Analysis

	DALN	SCHL	PSO	NYT	WLY	LEE	WLYB	PSORF
DALN		-0.66	0.76	-0.03	0.59	0.8	0.44	0.9	DALN
SCHL	-0.66		-0.42	-0.08	-0.73	-0.87	-0.48	-0.63	SCHL
PSO	0.76	-0.42		-0.16	0.57	0.6	0.35	0.88	PSO
NYT	-0.03	-0.08	-0.16		0.36	0.22	-0.03	-0.04	NYT
WLY	0.59	-0.73	0.57	0.36		0.79	0.41	0.66	WLY
LEE	0.8	-0.87	0.6	0.22	0.79		0.48	0.76	LEE
WLYB	0.44	-0.48	0.35	-0.03	0.41	0.48		0.4	WLYB
PSORF	0.9	-0.63	0.88	-0.04	0.66	0.76	0.4		PSORF
	DALN	SCHL	PSO	NYT	WLY	LEE	WLYB	PSORF

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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

PSORF	+ 0.9	DALN
PSORF	+ 0.88	PSO
LEE	+ 0.8	DALN
LEE	+ 0.79	WLY
PSO	+ 0.76	DALN
PSORF	+ 0.76	LEE

High negative correlations

LEE	- 0.87	SCHL
WLY	- 0.73	SCHL
SCHL	- 0.66	DALN
PSORF	- 0.63	SCHL
WLYB	- 0.48	SCHL
PSO	- 0.42	SCHL

Risk-Adjusted Indicators

There is a big difference between Gannett Stock performing well and Gannett 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 Gannett'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
DALN	3.42	0.32	0.06	0.55	4.23	(3.64)	5.26	(6.62)	33.75
SCHL	2.02	(0.45)	0.00	(0.12)	0.00	0.00	5.42	(4.27)	14.40
PSO	0.77	0.15	0.06	0.79	0.66	(0.93)	1.92	(1.11)	6.66
NYT	1.02	(0.15)	(0.07)	(0.01)	1.73	(1.05)	1.77	(2.23)	9.74
WLY	1.22	0.01	0.04	0.13	1.44	(1.31)	3.25	(2.46)	8.25
LEE	4.12	1.10	0.28	1.39	3.25	(5.20)	11.32	(6.78)	56.75
WLYB	1.01	0.26	0.04	(2.79)	1.83	(1.29)	2.95	(1.40)	13.82
PSORF	0.34	0.13	0.00	(1.16)	0.00	0.00	0.00	0.00	10.16

Gannett Corporate Management

LarkMarie Anton	Chief Officer	Profile
Theodore Janulis	Independent Director	Profile
Maria Miller	Independent Director	Profile
Vinayak Hegde	Independent Director	Profile

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