Altice USA Correlations

ATUS Stock

USD 2.41 0.19 7.31%

The current 90-days correlation between Altice USA and Liberty Global PLC is 0.14 (i.e., Average diversification). The correlation of Altice USA 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Altice USA Correlation With Market

Significant diversification

The correlation between Altice USA and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Altice USA and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Altice USA. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

For more information on how to buy Altice Stock please use our How to Invest in Altice USA guide.

Moving together with Altice Stock

0.74	EDR	Endeavor Group Holdings	Pair Corr
0.75	LYV	Live Nation Entertainment	Pair Corr
0.69	MCS	Marcus	Pair Corr
0.73	WLY	John Wiley Sons Earnings Call This Week	Pair Corr
0.83	WMG	Warner Music Group	Pair Corr
0.63	FWONA	Liberty Media	Pair Corr
0.83	CMCSA	Comcast Corp Fiscal Year End 23rd of January 2025	Pair Corr
0.73	MSGS	Madison Square Garden	Pair Corr
0.66	PARA	Paramount Global Class	Pair Corr
0.86	LBRDA	Liberty Broadband Srs	Pair Corr
0.86	LBRDK	Liberty Broadband Srs	Pair Corr
0.74	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr

Moving against Altice Stock

0.79	KUKE	Kuke Music Holding	Pair Corr
0.75	LVO	LiveOne	Pair Corr
0.71	EVER	EverQuote Class A	Pair Corr
0.66	DLPN	Dolphin Entertainment	Pair Corr
0.58	TC	TuanChe ADR	Pair Corr
0.47	TU	Telus Corp	Pair Corr
0.4	GDEVW	Nexters Warrant	Pair Corr
0.31	DRCT	Direct Digital Holdings	Pair Corr

Related Correlations Analysis

	LBTYK	LBTYA	LBRDA	SHEN	LBTYB	LILA	LBRDK	CABO	LBRDP	TLK
LBTYK		-0.65	-0.48	0.51	0.8	0.95	-0.49	-0.83	0.05	0.76	LBTYK
LBTYA	-0.65		0.41	-0.51	-0.82	-0.76	0.41	0.73	0.28	-0.58	LBTYA
LBRDA	-0.48	0.41		-0.65	-0.3	-0.43	1.0	0.65	0.37	-0.8	LBRDA
SHEN	0.51	-0.51	-0.65		0.45	0.59	-0.64	-0.43	-0.35	0.67	SHEN
LBTYB	0.8	-0.82	-0.3	0.45		0.87	-0.3	-0.74	0.03	0.69	LBTYB
LILA	0.95	-0.76	-0.43	0.59	0.87		-0.44	-0.8	-0.02	0.74	LILA
LBRDK	-0.49	0.41	1.0	-0.64	-0.3	-0.44		0.65	0.36	-0.81	LBRDK
CABO	-0.83	0.73	0.65	-0.43	-0.74	-0.8	0.65		0.03	-0.78	CABO
LBRDP	0.05	0.28	0.37	-0.35	0.03	-0.02	0.36	0.03		-0.06	LBRDP
TLK	0.76	-0.58	-0.8	0.67	0.69	0.74	-0.81	-0.78	-0.06		TLK
	LBTYK	LBTYA	LBRDA	SHEN	LBTYB	LILA	LBRDK	CABO	LBRDP	TLK

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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

LBRDK	+ 1.0	LBRDA
LILA	+ 0.95	LBTYK
LILA	+ 0.87	LBTYB
LBTYB	+ 0.8	LBTYK
TLK	+ 0.76	LBTYK
TLK	+ 0.74	LILA

High negative correlations

CABO	- 0.83	LBTYK
LBTYB	- 0.82	LBTYA
TLK	- 0.81	LBRDK
CABO	- 0.8	LILA
TLK	- 0.8	LBRDA
TLK	- 0.78	CABO

Risk-Adjusted Indicators

There is a big difference between Altice Stock performing well and Altice USA 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 Altice USA'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
LBTYK	2.14	(0.15)	0.00	0.60	0.00	0.00	3.97	(2.05)	51.28
LBTYA	1.46	0.51	0.35	1.77	0.78	(1.98)	4.03	(1.94)	13.27
LBRDA	2.16	0.35	0.22	0.39	1.51	(2.84)	4.70	(3.19)	33.07
SHEN	2.48	(0.29)	0.00	(0.12)	0.00	0.00	5.32	(3.94)	25.16
LBTYB	2.14	(0.26)	0.00	1.75	0.00	0.00	4.93	(3.89)	47.58
LILA	2.01	(0.56)	0.00	(0.39)	0.00	0.00	4.00	(5.35)	26.76
LBRDK	2.11	0.33	0.21	0.37	1.53	(2.96)	4.96	(3.20)	30.97
CABO	1.99	0.06	0.06	0.16	2.40	(2.10)	4.14	(4.54)	18.76
LBRDP	0.46	0.03	(0.14)	0.73	0.57	(0.51)	1.05	(1.07)	3.58
TLK	1.28	(0.22)	0.00	(0.76)	0.00	0.00	2.61	(3.19)	7.40

Altice USA Corporate Management

Gerrit Bakker	Director	Profile
Mark Mullen	Independent Director	Profile
Luciano Ramos	Executive Officer	Profile
Dennis Mathew	Chief Officer	Profile
Manon Brouillette	Independent Director	Profile
Dennis Okhuijsen	Director	Profile
Marc Sirota	Chief Officer	Profile

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