Gannett Correlations

GCI Stock

USD 3.90 0.02 0.51%

The current 90-days correlation between Gannett and Scholastic is 0.3 (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 0.34 (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.

Build AI portfolio with Gannett Stock

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 together with Gannett Stock

0.73	DIS	Walt Disney	Pair Corr
0.63	EA	Electronic Arts	Pair Corr
0.76	KT	KT Corporation	Pair Corr
0.77	TU	Telus Corp	Pair Corr
0.61	TV	Grupo Televisa SAB	Pair Corr
0.69	WB	Weibo Corp	Pair Corr
0.63	ZH	Zhihu Inc ADR	Pair Corr
0.65	META	Meta Platforms	Pair Corr
0.62	DLPN	Dolphin Entertainment	Pair Corr
0.73	MGNI	Magnite	Pair Corr
0.85	MSGM	Motorsport Gaming	Pair Corr
0.63	NBIS	Nebius Group NV Symbol Change	Pair Corr

Moving against Gannett Stock

0.69	NCMI	National CineMedia	Pair Corr
0.63	NMAX	Newsmax,	Pair Corr
0.37	GDEVW	Nexters Warrant	Pair Corr
0.33	ANGHW	Anghami Warrants	Pair Corr

Related Correlations Analysis

	DALN	SCHL	PSO	NYT	WLY	LEE	WLYB	PSORF
DALN		0.1	0.24	0.07	0.33	0.16	0.55	0.07	DALN
SCHL	0.1		-0.63	0.61	0.29	-0.64	0.09	-0.76	SCHL
PSO	0.24	-0.63		-0.19	0.17	0.44	0.35	0.57	PSO
NYT	0.07	0.61	-0.19		-0.17	-0.88	0.2	-0.34	NYT
WLY	0.33	0.29	0.17	-0.17		0.29	0.38	-0.35	WLY
LEE	0.16	-0.64	0.44	-0.88	0.29		0.01	0.49	LEE
WLYB	0.55	0.09	0.35	0.2	0.38	0.01		-0.12	WLYB
PSORF	0.07	-0.76	0.57	-0.34	-0.35	0.49	-0.12		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

NYT	+ 0.61	SCHL
PSORF	+ 0.57	PSO
WLYB	+ 0.55	DALN
PSORF	+ 0.49	LEE
LEE	+ 0.44	PSO
WLYB	+ 0.38	WLY

High negative correlations

LEE	- 0.88	NYT
PSORF	- 0.76	SCHL
LEE	- 0.64	SCHL
PSO	- 0.63	SCHL
PSORF	- 0.35	WLY
PSORF	- 0.34	NYT

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	2.36	0.18	(0.05)	(0.36)	2.47	(2.90)	6.51	(4.05)	16.21
SCHL	2.10	0.15	0.04	0.42	2.21	(2.50)	4.09	(4.16)	14.17
PSO	1.12	(0.22)	0.00	(0.17)	0.00	0.00	1.50	(2.09)	13.50
NYT	0.83	0.12	0.03	0.43	0.97	(0.89)	1.89	(1.24)	10.61
WLY	1.52	(0.08)	(0.09)	0.12	1.48	(1.88)	4.31	(2.86)	13.04
LEE	2.57	(0.66)	0.00	(0.73)	0.00	0.00	6.04	(5.29)	19.19
WLYB	1.83	0.18	(0.01)	14.18	2.20	(3.37)	4.12	(3.76)	34.83
PSORF	0.62	(0.16)	0.00	2.20	0.00	0.00	0.00	0.00	12.90

Gannett Corporate Management

Theodore Janulis	Independent Director	Profile
Vinayak Hegde	Independent Director	Profile
Laurence Tarica	Independent Director	Profile
Douglas Horne	CFO Officer	Profile
Vincent Cirel	Chief Officer	Profile

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