FuboTV Inc. (FUBO) — Stock Correlations & Overview
Over the past year, FUBO has moved most closely with HCKT, PNQI, XSW. Explore the stocks most correlated and inversely correlated with FUBO below, along with its price, financials, and company profile.
Stocks correlated with FUBO
Correlation of daily returns. Higher positive values move with FUBO; negative values move opposite it. Informational only, not investment advice.
Most correlated with FUBO
| Symbol | Company | Correlation |
|---|---|---|
| HCKT | Hackett Group Inc (The).SERVICES-MANAGEMENT CONSULTING SERVICES | 0.49 |
| PNQI | Invesco NASDAQ Internet ETF | 0.47 |
| XSW | State Street SPDR S&P Software & Services ETF | 0.46 |
| TOGA | Tremblant Global ETF | 0.45 |
| CMRC | Commerce.com, Inc. Series 1 Common StockSERVICES-PREPACKAGED SOFTWARE | 0.45 |
Most inversely correlated with FUBO
| Symbol | Company | Correlation |
|---|---|---|
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.42 |
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.36 |
| DVA | DaVita Inc.SERVICES-MISC HEALTH & ALLIED SERVICES, NEC | -0.30 |
| DWSH | AdvisorShares Dorsey Wright Short ETF | -0.29 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.29 |
Frequently asked questions about FUBO correlations
- Which stocks are most correlated with FUBO?
- Based on one year of daily returns, the stocks most correlated with FuboTV Inc. (FUBO) are HCKT (0.49), PNQI (0.47) and XSW (0.46). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with FUBO?
- Over the past year, the stocks most inversely correlated with FuboTV Inc. (FUBO) are WEBS (-0.42), HDGE (-0.36) and DVA (-0.30). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these FUBO correlations calculated?
- We compute the correlation of daily returns between FUBO and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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