WideOpenWest Correlations

WU5 Stock  EUR 4.66  0.10  2.10%   
The current 90-days correlation between WideOpenWest and NTG Nordic Transport is 0.31 (i.e., Weak 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.

WideOpenWest Correlation With Market

Average diversification

The correlation between WideOpenWest and DJI is 0.13 (i.e., Average 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.
  
The ability to find closely correlated positions to WideOpenWest could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace WideOpenWest 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 WideOpenWest - 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 WideOpenWest to buy it.

Moving against WideOpenWest Stock

  0.41WIG1 Sporttotal AGPairCorr

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   
ROW5B9
IE2A5B9
ROWISHA
CMW1YD
ROWIE2A
ISHA5B9
  
High negative correlations   
5E11YD
CMW5E1
5E1ISHA
ROW5E1
5E1NRSA
NRSA5B9

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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in WideOpenWest 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.

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WideOpenWest Corporate Management

Elected by the shareholders, the WideOpenWest's board of directors comprises two types of representatives: WideOpenWest inside directors who are chosen from within the company, and outside directors, selected externally and held independent of WideOpenWest. The board's role is to monitor WideOpenWest's management team and ensure that shareholders' interests are well served. WideOpenWest'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, WideOpenWest's outside directors are responsible for providing unbiased perspectives on the board's policies.
John RegoChief OfficerProfile
Mark VeyetteVP OperationsProfile
Donald SchenaChief OfficerProfile
Bill CaseChief OfficerProfile
Amy BellVP MarketingProfile
Andrew PosenVP RelationsProfile
Henry HryckiewiczChief OfficerProfile