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FWONA vs FWONK
Which Stock Would AI Choose? Liberty Formula One Series A (FWONA) vs. Liberty Formula One Series C (FWONK) Stock Comparison
Key Takeaways
- FWONA and FWONK are two share classes of the same underlying business: Liberty Media's Formula One Group, which tracks Formula 1, MotoGP, and other minority investments.
- The primary structural difference is voting power — FWONA carries one vote per share, while FWONK carries none — yet FWONK typically trades at a premium because of its far greater trading liquidity.
- Both tickers are driven by identical fundamentals, so their relative performance reflects share-class dynamics rather than divergent business results.
- Recent market activity has been shaped by calendar shifts, the 2025 MotoGP acquisition, and the rescheduling of certain Middle East races.
- Analyst consensus on the Formula One Group remains broadly constructive, though individual price targets have been trimmed in recent weeks.
- The comparison matters most for traders weighing voting rights against liquidity and execution costs.
Introduction
Investors who want exposure to motorsports often encounter two tickers for the same economic asset. FWONA (Liberty Formula One, Series A) and FWONK (Liberty Formula One, Series C) are separate share classes of Liberty Media's Formula One Group, which holds the commercial rights to the FIA Formula One World Championship, the recently acquired MotoGP business, and other minority investments. This stock comparison is especially relevant for traders and investors who want to understand how voting rights, liquidity, and market positioning shape the two share classes' relative performance — and why one sometimes trades at a notable premium to the other despite identical fundamentals.
FWONA Overview and Recent Performance
FWONA is the Series A common stock of the Liberty Formula One Group. Holders of Series A shares receive one vote per share on corporate matters, making this class the standard choice for investors who value governance participation. The Series A shares, however, trade with meaningfully lower average daily volume than their Series C counterpart, which can translate into wider spreads and higher transaction costs for active traders.
In recent weeks, FWONA has tracked the same headline developments as FWONK. The Formula One Group reported strong first-quarter results, with consolidated revenue rising sharply year over year, aided by the consolidation of MotoGP following its July 2025 acquisition. Operating income also swung back into positive territory. At the same time, sentiment has been tempered by calendar disruptions: certain Middle East Grands Prix were removed or rescheduled, reducing expected promoter-fee revenue in the near term. These forces have produced a choppy but broadly range-bound tape for the voting shares in recent market activity.
FWONK Overview and Recent Performance
FWONK is the Series C common stock of the same Liberty Formula One Group. Unlike Series A, the Series C shares carry no voting rights — or only a nominal fractional vote in certain class votes — yet they are the most widely traded and most liquid of the three Formula One share classes. This liquidity is the principal reason FWONK frequently commands a price premium over FWONA, a pattern that reflects investor preference for ease of entry and exit rather than any difference in underlying value.
Over recent weeks, FWONK has experienced similar fundamental catalysts to the Series A shares — strong quarter-over-quarter revenue growth, the MotoGP integration, and near-term uncertainty around the race calendar. The stock pulled back from its recent highs as analysts adjusted price targets, though the average rating across the sell-side remains positive. Its relative performance against FWONA continues to hinge on liquidity dynamics and the modest spread between the two share classes.
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Head-to-Head Comparison
The core trade-off between FWONA and FWONK is voting rights versus liquidity. On business model and growth drivers, the two are identical: both are tied to Formula 1's media-rights revenue, race-promotion and sponsorship income, and the expanding MotoGP franchise. Sector exposure is also the same, concentrated in sports media and live entertainment.
Where they diverge is in market behavior. FWONK offers substantially higher average daily volume and tighter execution, which is why it trades at a premium and is favored by retail and institutional traders who prioritize liquidity. FWONA, by contrast, appeals to buy-and-hold investors who want a voting stake and are willing to accept lower liquidity in exchange. On risk factors, both classes share the same exposure to race-calendar disruptions, foreign-exchange translation from euro-denominated MotoGP results, and the group's elevated valuation multiples relative to earnings.
Tickeron AI Verdict
Because both share classes track the same economic entity, a data-driven evaluation would likely focus on observable market attributes rather than divergent fundamentals. On trend consistency and tradability, FWONK would generally present the more favorable profile: its deeper liquidity supports cleaner price discovery, tighter spreads, and smoother trend signals, which algorithmic systems tend to weigh heavily. FWONA offers the structural advantage of voting rights, but its thinner trading volume can make entries and exits less efficient. On that basis, Tickeron's AI would likely express a modest, probabilistic preference for FWONK in the current environment — contingent on the specific strategy, timeframe, and risk parameters of the bot in question.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.
Liberty Media is the parent company of the Formula One Group (FWONA/FWONK), which promotes and exercises the commercial rights of the FIA Formula One World Championship. FWONA has issued different series of stock for the group which has its own tickers. FWONA represents the Series A shares, which have voting rights, while the FWONK shares are Series C and do not have voting rights. FWONK shares trade at a much higher volume than FWONA shares, for whatever reason. FWONA owns three main groups: Formula One, SiriusXM, and the Atlanta Braves. Each of the groups owns notional shares or debt associated with the other groups. Liberty Media chose to issue shares in this way because the groups are not separate entities. Strangely enough, there are also publicly traded shares of SiriusXM (SIRI) which are separate from the tracking shares issued by Liberty (LSXMK). FWONA also owns Live Nation, which owns Ticketmaster. Live Nation was previously owned by FWONK for a short time but the shares are now part of the SiriusXM
FWONA in upward trend: 10-day moving average broke above 50-day moving average on November 06, 2026
The 10-day moving average for FWONA crossed bullishly above the 50-day moving average on November 06, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In 16 of 18 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 89%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 28, 2026. You may want to consider a long position or call options on FWONA as a result. In 57 of 85 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 67%.
The Moving Average Convergence Divergence (MACD) for FWONA just turned positive on October 29, 2026. Looking at past instances where FWONA's MACD turned positive, the stock continued to rise in 31 of 45 cases over the following month. The odds of a continued upward trend are 69%.
FWONA moved above its 50-day moving average on November 03, 2026 date and that indicates a change from a downward trend to an upward trend.
Following a +2.83% 3-day Advance, the price is estimated to grow further. Considering data from situations where FWONA advanced for three days, in 213 of 338 cases, the price rose further within the following month. The odds of a continued upward trend are 63%.
Bearish Trend Analysis
The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 7 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where FWONA declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 52%.
FWONA broke above its upper Bollinger Band on November 02, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for FWONA entered a downward trend on November 03, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron PE Growth Rating for this company is 3 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 14 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 76, placing this stock better than average.
The Tickeron Price Growth Rating for this company is 40 (best 1 - 100 worst), indicating steady price growth. FWONA’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is 82 (best 1 - 100 worst), indicating slightly better than average sales and a considerably profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of 94 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (3.324) is normal, around the industry mean (12.833). P/E Ratio (118.835) is within average values for comparable stocks, (39.433). FWONA's Projected Growth (PEG Ratio) (11.506) is very high in comparison to the industry average of (2.376). Dividend Yield (0.049) settles around the average of (0.047) among similar stocks. P/S Ratio (5.195) is also within normal values, averaging (2.932).
FWONK in upward trend: 10-day moving average moved above 50-day moving average on November 06, 2026
The 10-day moving average for FWONK crossed bullishly above the 50-day moving average on November 06, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In 14 of 17 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 82%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 29, 2026. You may want to consider a long position or call options on FWONK as a result. In 61 of 83 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 73%.
The Moving Average Convergence Divergence (MACD) for FWONK just turned positive on October 29, 2026. Looking at past instances where FWONK's MACD turned positive, the stock continued to rise in 32 of 46 cases over the following month. The odds of a continued upward trend are 70%.
FWONK moved above its 50-day moving average on November 03, 2026 date and that indicates a change from a downward trend to an upward trend.
Following a +2.46% 3-day Advance, the price is estimated to grow further. Considering data from situations where FWONK advanced for three days, in 199 of 321 cases, the price rose further within the following month. The odds of a continued upward trend are 62%.
Bearish Trend Analysis
The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 7 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where FWONK declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 58%.
FWONK broke above its upper Bollinger Band on November 02, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for FWONK entered a downward trend on November 03, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron PE Growth Rating for this company is 3 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Seasonality Score of 5 (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Profit vs. Risk Rating rating for this company is 17 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 76, placing this stock better than average.
The Tickeron Price Growth Rating for this company is 42 (best 1 - 100 worst), indicating steady price growth. FWONK’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is 82 (best 1 - 100 worst), indicating slightly better than average sales and a considerably profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of 95 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (3.499) is normal, around the industry mean (12.833). P/E Ratio (125.094) is within average values for comparable stocks, (39.433). FWONK's Projected Growth (PEG Ratio) (12.865) is very high in comparison to the industry average of (2.376). Dividend Yield (0.046) settles around the average of (0.047) among similar stocks. P/S Ratio (5.682) is also within normal values, averaging (2.932).
FWONA | FWONK | ||
|---|---|---|---|
OUTLOOK RATING 1..100 | 44 | 33 | |
VALUATION overvalued / fair valued / undervalued 1..100 | 94 Overvalued | 95 Overvalued | |
PROFIT vs RISK RATING 1..100 | 14 | 17 | |
SMR RATING 1..100 | 82 | 82 | |
PRICE GROWTH RATING 1..100 | 40 | 42 | |
P/E GROWTH RATING 1..100 | 3 | 3 | |
SEASONALITY SCORE 1..100 | n/a | 5 |
Tickeron ratings are formulated such that a rating of 1 designates the most successful stocks in a given industry, while a rating of 100 points to the least successful stocks for that industry.
FWONA's Valuation (94) in the Movies Or Entertainment industry is in the same range as FWONK (95). This means that FWONA’s stock grew similarly to FWONK’s over the last 12 months.
FWONA's Profit vs Risk Rating (14) in the Movies Or Entertainment industry is in the same range as FWONK (17). This means that FWONA’s stock grew similarly to FWONK’s over the last 12 months.
FWONA's SMR Rating (82) in the Movies Or Entertainment industry is in the same range as FWONK (82). This means that FWONA’s stock grew similarly to FWONK’s over the last 12 months.
FWONA's Price Growth Rating (40) in the Movies Or Entertainment industry is in the same range as FWONK (42). This means that FWONA’s stock grew similarly to FWONK’s over the last 12 months.
FWONA's P/E Growth Rating (3) in the Movies Or Entertainment industry is in the same range as FWONK (3). This means that FWONA’s stock grew similarly to FWONK’s over the last 12 months.
| FWONA | FWONK | |
|---|---|---|
| RSI ODDS (%) | 2 days ago 65% | 2 days ago 50% |
| Stochastic ODDS (%) | 2 days ago 67% | 2 days ago 62% |
| Momentum ODDS (%) | 2 days ago 67% | 2 days ago 73% |
| MACD ODDS (%) | 2 days ago 69% | 2 days ago 70% |
| TrendWeek ODDS (%) | 2 days ago 65% | 2 days ago 63% |
| TrendMonth ODDS (%) | 2 days ago 63% | 2 days ago 62% |
| Advances ODDS (%) | 2 days ago 63% | 2 days ago 62% |
| Declines ODDS (%) | 24 days ago 52% | 16 days ago 58% |
| BollingerBands ODDS (%) | 2 days ago 70% | 2 days ago 65% |
| Aroon ODDS (%) | 2 days ago 64% | 2 days ago 72% |
Long-Term Analysis
It is best to consider a long-term outlook for a ticker by using Fundamental Analysis (FA) ratings. The rating of 1 to 100, where 1 is best and 100 is worst, is divided into thirds. The first third (a green rating of 1-33) indicates that the ticker is undervalued; the second third (a grey number between 34 and 66) means that the ticker is valued fairly; and the last third (red number of 67 to 100) reflects that the ticker is overvalued. We use an FA Score to show how many ratings show the ticker to be undervalued (green) or overvalued (red).
FWONA’s FA Score shows that 2 FA rating(s) are green while FWONK’s FA Score has 2 green FA rating(s).
- FWONA’s FA Score: 2 green, 3 red.
- FWONK’s FA Score: 2 green, 3 red.
Short-Term Analysis
It is best to consider a short-term outlook for a ticker by using Technical Analysis (TA) indicators. We use Odds of Success as the percentage of outcomes which confirm successful trade signals in the past.
If the Odds of Success (the likelihood of the continuation of a trend) for each indicator are greater than 50%, then the generated signal is confirmed. A green percentage from 90% to 51% indicates that the ticker is in a bullish trend. A red percentage from 90% - 51% indicates that the ticker is in a bearish trend. All grey percentages are below 50% and are considered not to confirm the trend signal.
FWONA’s TA Score shows that 5 TA indicator(s) are bullish while FWONK’s TA Score has 5 bullish TA indicator(s).
- FWONA’s TA Score: 5 bullish, 5 bearish.
- FWONK’s TA Score: 5 bullish, 5 bearish.
Price Growth
FWONA (@Movies/Entertainment) experienced а +18.25% price change this week, while FWONK (@Movies/Entertainment) price change was +14.00% for the same time period.
The average weekly price growth across all stocks in the @Movies/Entertainment industry was +1.60%. For the same industry, the average monthly price growth was +0.58%, and the average quarterly price growth was +0.96%.
Reported Earning Dates
FWONK is expected to report earnings on Mar 03, 2027.
Industries' Descriptions
@Movies/Entertainment (+1.60% weekly)Movies/entertainment industry include companies that produce and distribute motion pictures, and companies that operate general entertainment facilities like amusement parks and bowling centers. Some companies in this industry also have professional sports franchises. Live Nation Entertainment, Inc., Liberty Media Corp. and Viacom Inc. are some of the biggest companies in this space.
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FWONA and
Correlation & Price change
A.I.dvisor indicates that over the last year, FWONA has been closely correlated with FWONK. These tickers have moved in lockstep 97% of the time. This A.I.-generated data suggests there is a high statistical probability that if FWONA jumps, then FWONK could also see price increases.
| Ticker / NAME | Correlation To FWONA | 1D Price Change % | ||
|---|---|---|---|---|
| FWONA | 100% | +1.01% | ||
| FWONK - FWONA | 97% Closely correlated | +0.86% | ||
| BATRK - FWONA | 42% Loosely correlated | -0.55% | ||
| LLYVK - FWONA | 37% Loosely correlated | +0.61% | ||
| LLYVA - FWONA | 37% Loosely correlated | +0.36% | ||
| BATRA - FWONA | 32% Poorly correlated | -0.13% | ||
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FWONK and
Correlation & Price change
A.I.dvisor indicates that over the last year, FWONK has been closely correlated with FWONA. These tickers have moved in lockstep 97% of the time. This A.I.-generated data suggests there is a high statistical probability that if FWONK jumps, then FWONA could also see price increases.
| Ticker / NAME | Correlation To FWONK | 1D Price Change % | ||
|---|---|---|---|---|
| FWONK | 100% | +0.86% | ||
| FWONA - FWONK | 97% Closely correlated | +1.01% | ||
| LLYVK - FWONK | 38% Loosely correlated | +0.61% | ||
| LLYVA - FWONK | 38% Loosely correlated | +0.36% | ||
| LUCK - FWONK | 30% Poorly correlated | -9.57% | ||
| BATRA - FWONK | 30% Poorly correlated | -0.13% | ||
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