FubotvInc Correlations
| FUBO Stock | USD 1.39 0.02 1.46% |
The correlation of FubotvInc 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as FubotvInc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FubotvInc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Good diversification
The correlation between FubotvInc and NYA is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FubotvInc and NYA in the same portfolio, assuming nothing else is changed.
FubotvInc |
The ability to find closely correlated positions to FubotvInc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FubotvInc when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back FubotvInc - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling FubotvInc to buy it.
Moving together with FubotvInc Stock
| 0.87 | GTN | Gray Television Financial Report 3rd of May 2024 | PairCorr |
| 0.94 | SSP | E W Scripps Financial Report 3rd of May 2024 | PairCorr |
| 0.89 | IHRT | iHeartMedia Class Financial Report 7th of May 2024 | PairCorr |
| 0.95 | UONEK | Urban One Class Earnings Call This Week | PairCorr |
| 0.76 | LPTV | Loop Media Financial Report 9th of May 2024 | PairCorr |
| 0.83 | BBGI | Beasley Broadcast | PairCorr |
| 0.93 | UONE | Urban One Earnings Call This Week | PairCorr |
Moving against FubotvInc Stock
| 0.64 | CURI | Curiositystream Financial Report 9th of May 2024 | PairCorr |
| 0.48 | MDIA | Mediaco Holding | PairCorr |
| 0.81 | IQ | iQIYI Inc Financial Report 21st of May 2024 | PairCorr |
| 0.78 | BZ | Kanzhun Ltd ADR Financial Report 22nd of May 2024 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between FubotvInc Stock performing well and FubotvInc 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 FubotvInc'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CMLS | 3.78 | (1.04) | 0.00 | (0.30) | 0.00 | 9.61 | 25.44 | |||
| IHRT | 4.44 | (0.37) | 0.00 | (0.20) | 0.00 | 9.76 | 40.44 | |||
| LPTV | 6.55 | (0.97) | 0.00 | 0.61 | 0.00 | 13.79 | 58.22 | |||
| GTN | 2.92 | (0.62) | 0.00 | 0.50 | 0.00 | 4.15 | 29.59 | |||
| SSP | 5.33 | (1.06) | 0.00 | 441.54 | 0.00 | 9.48 | 39.24 | |||
| SGA | 1.22 | 0.05 | (0.02) | (0.81) | 1.67 | 2.76 | 8.66 | |||
| LSXMA | 1.09 | (0.37) | 0.00 | (1.58) | 0.00 | 1.90 | 6.25 | |||
| GTN-A | 3.90 | 0.20 | 0.01 | (0.19) | 5.35 | 9.68 | 37.94 | |||
| TGNA | 1.41 | (0.18) | 0.00 | 0.52 | 0.00 | 2.70 | 8.86 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in FubotvInc without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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FubotvInc Corporate Management
Elected by the shareholders, the FubotvInc's board of directors comprises two types of representatives: FubotvInc inside directors who are chosen from within the company, and outside directors, selected externally and held independent of FubotvInc. The board's role is to monitor FubotvInc's management team and ensure that shareholders' interests are well served. FubotvInc's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, FubotvInc's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Alex Bafer | Executive Chairman of the Board | Profile | |
| Ignacio Figueras | Director | Profile | |
| Daniel Leff | Independent Director | Profile | |
| Gina Esq | Chief Secretary | Profile | |
| Sung Choi | CoFounder Product | Profile | |
| John CFA | CFO Officer | Profile |
Already Invested in FubotvInc?
The danger of trading FubotvInc is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of FubotvInc is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than FubotvInc. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile FubotvInc is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether FubotvInc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of FubotvInc's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Fubotvinc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Fubotvinc Stock: Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FubotvInc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. To learn how to invest in FubotvInc Stock, please use our How to Invest in FubotvInc guide.Note that the FubotvInc information on this page should be used as a complementary analysis to other FubotvInc's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Complementary Tools for FubotvInc Stock analysis
When running FubotvInc's price analysis, check to measure FubotvInc's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy FubotvInc is operating at the current time. Most of FubotvInc's value examination focuses on studying past and present price action to predict the probability of FubotvInc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move FubotvInc's price. Additionally, you may evaluate how the addition of FubotvInc to your portfolios can decrease your overall portfolio volatility.
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Is FubotvInc's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of FubotvInc. If investors know FubotvInc will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about FubotvInc listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of FubotvInc is measured differently than its book value, which is the value of FubotvInc that is recorded on the company's balance sheet. Investors also form their own opinion of FubotvInc's value that differs from its market value or its book value, called intrinsic value, which is FubotvInc's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because FubotvInc's market value can be influenced by many factors that don't directly affect FubotvInc's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between FubotvInc's value and its price as these two are different measures arrived at by different means. Investors typically determine if FubotvInc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FubotvInc'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.