Fubotv Correlations

FUBO Stock

USD 2.60 0.00 0.00%

The current 90-days correlation between Fubotv Inc and Grupo Televisa SAB is 0.44 (i.e., Very weak 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

Weak diversification

The correlation between Fubotv Inc and DJI is 0.33 (i.e., Weak 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.

Build AI portfolio with Fubotv Stock

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

0.86	S	SentinelOne	Pair Corr
0.65	VRNS	Varonis Systems Tech Boost	Pair Corr
0.73	NOW	ServiceNow	Pair Corr
0.77	PGY	Pagaya Technologies	Pair Corr
0.82	GTLB	Gitlab Inc	Pair Corr
0.64	MSFT	Microsoft	Pair Corr
0.82	ORCL	Oracle	Pair Corr
0.79	300339	Jiangsu Hoperun Software	Pair Corr
0.62	CHKP	Check Point Software	Pair Corr
0.63	BKRKY	Bank Rakyat	Pair Corr

Moving against Fubotv Stock

0.73	TDC	Teradata Corp	Pair Corr
0.72	FROG	Jfrog	Pair Corr
0.7	600756	Inspur Software	Pair Corr
0.45	QLYS	Qualys Inc	Pair Corr
0.37	300369	Nsfocus Information	Pair Corr
0.77	TER	Teradyne Downward Rally	Pair Corr
0.69	TLK	Telkom Indonesia Tbk	Pair Corr
0.68	PPERF	Bank Mandiri Persero	Pair Corr
0.67	TPRP	Tower Properties	Pair Corr
0.66	PPERY	Bank Mandiri Persero	Pair Corr
0.64	PBCRF	PT Bank Central	Pair Corr
0.59	CBOE	Cboe Global Markets	Pair Corr
0.46	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.45	MHTZF	Manhattan Limited	Pair Corr
0.44	PBCRY	Bank Central Asia	Pair Corr
0.37	ULTA	Ulta Beauty	Pair Corr
0.35	BKRKF	PT Bank Rakyat	Pair Corr
0.34	IPSC	Century Therapeutics	Pair Corr

Related Correlations Analysis

	TV	NMAX	MOMO	GIBO	IDT	OPRA	ZD	ATUS	STGW	GOGO
TV		-0.36	0.0	-0.29	0.36	-0.21	-0.47	-0.48	0.08	-0.56	TV
NMAX	-0.36		0.7	0.68	0.54	0.94	0.87	0.38	0.16	0.72	NMAX
MOMO	0.0	0.7		0.57	0.71	0.83	0.56	0.05	0.26	0.41	MOMO
GIBO	-0.29	0.68	0.57		0.42	0.67	0.79	-0.12	0.54	0.33	GIBO
IDT	0.36	0.54	0.71	0.42		0.68	0.34	0.03	0.09	0.33	IDT
OPRA	-0.21	0.94	0.83	0.67	0.68		0.79	0.29	0.2	0.66	OPRA
ZD	-0.47	0.87	0.56	0.79	0.34	0.79		0.15	0.38	0.56	ZD
ATUS	-0.48	0.38	0.05	-0.12	0.03	0.29	0.15		-0.64	0.76	ATUS
STGW	0.08	0.16	0.26	0.54	0.09	0.2	0.38	-0.64		-0.35	STGW
GOGO	-0.56	0.72	0.41	0.33	0.33	0.66	0.56	0.76	-0.35		GOGO
	TV	NMAX	MOMO	GIBO	IDT	OPRA	ZD	ATUS	STGW	GOGO

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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

OPRA	+ 0.94	NMAX
ZD	+ 0.87	NMAX
OPRA	+ 0.83	MOMO
ZD	+ 0.79	GIBO
ZD	+ 0.79	OPRA
GOGO	+ 0.76	ATUS

High negative correlations

STGW	- 0.64	ATUS
GOGO	- 0.56	TV
ATUS	- 0.48	TV
ZD	- 0.47	TV
NMAX	- 0.36	TV
GOGO	- 0.35	STGW

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TV	1.93	0.07	0.03	0.13	2.00	(2.43)	5.44	(3.27)	14.25
NMAX	2.62	(0.43)	0.00	(0.20)	0.00	0.00	5.55	(5.26)	18.15
MOMO	1.27	(0.18)	0.00	(0.54)	0.00	0.00	2.31	(2.82)	9.57
GIBO	4.00	0.05	0.00	0.17	4.62	(4.35)	9.72	(7.66)	20.96
IDT	1.68	(0.38)	0.00	(0.30)	0.00	0.00	2.30	(3.17)	20.74
OPRA	2.12	(0.53)	0.00	(0.32)	0.00	0.00	3.70	(4.73)	15.73
ZD	1.92	(0.16)	0.00	(0.03)	0.00	0.00	4.42	(3.53)	12.48
ATUS	2.74	(0.36)	0.00	(2.47)	0.00	0.00	5.88	(5.98)	15.67
STGW	2.66	0.02	0.00	0.09	3.87	(2.83)	5.24	(6.10)	31.07
GOGO	2.85	(1.15)	0.00	(0.43)	0.00	0.00	4.75	(7.73)	26.75

Fubotv Corporate Management

Yale Wang	Executive America	Profile
Alex Bafer	Executive Chairman of the Board	Profile
Ignacio Figueras	Director	Profile
Daniel Leff	Independent Director	Profile
Gina Esq	Chief Secretary	Profile
Jennifer Press	Senior Communications	Profile
Sung Choi	CoFounder Product	Profile

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