Cable One Correlations

CABO Stock

USD 250.68 3.84 1.56%

The current 90-days correlation between Cable One and Liberty Broadband Srs is 0.29 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cable One moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cable One moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Cable One Correlation With Market

Significant diversification

The correlation between Cable One 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 Cable One 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 Cable One. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

To learn how to invest in Cable Stock, please use our How to Invest in Cable One guide.

Moving together with Cable Stock

0.69	TC	TuanChe ADR	Pair Corr
0.75	ANGHW	Anghami Warrants	Pair Corr
0.66	WLYB	John Wiley Sons	Pair Corr
0.89	ADD	Color Star Technology	Pair Corr
0.74	ADV	Advantage Solutions Buyout Trend	Pair Corr
0.88	AMC	AMC Entertainment Aggressive Push	Pair Corr
0.77	CCO	Clear Channel Outdoor	Pair Corr
0.69	CHR	Cheer Holding	Pair Corr
0.72	CNK	Cinemark Holdings	Pair Corr
0.79	DUO	Fangdd Network Group	Pair Corr
0.84	EEX	Emerald Expositions	Pair Corr
0.79	EVC	Entravision Communications	Pair Corr
0.83	GCI	Gannett	Pair Corr
0.83	HAO	Haoxi Health Technology	Pair Corr
0.67	IPG	Interpublic Group	Pair Corr
0.91	LEE	Lee Enterprises	Pair Corr
0.67	LVO	LiveOne	Pair Corr

Moving against Cable Stock

0.81	SE	Sea	Pair Corr
0.75	BATRA	Atlanta Braves Holdings,	Pair Corr
0.66	CURIW	CuriosityStream	Pair Corr
0.48	BATRK	Atlanta Braves Holdings,	Pair Corr
0.4	TV	Grupo Televisa SAB	Pair Corr
0.35	IQ	iQIYI Inc Aggressive Push	Pair Corr
0.81	FOXA	Fox Corp Class	Pair Corr
0.79	FOX	Fox Corp Class	Pair Corr
0.64	GTN	Gray Television	Pair Corr
0.73	PSO	Pearson PLC ADR	Pair Corr
0.6	WMG	Warner Music Group Potential Growth	Pair Corr

Related Correlations Analysis

	LBRDK	LBRDP	TLK	LBTYA	IDCC	ATNI	LBRDA	CNSL	CMCSA	TMUS
LBRDK		-0.09	-0.32	-0.22	0.58	0.6	1.0	0.0	0.14	0.7	LBRDK
LBRDP	-0.09		-0.23	-0.58	-0.05	-0.11	-0.08	0.0	-0.54	0.14	LBRDP
TLK	-0.32	-0.23		0.59	-0.63	-0.51	-0.33	0.0	0.61	-0.71	TLK
LBTYA	-0.22	-0.58	0.59		-0.31	-0.14	-0.21	0.0	0.77	-0.64	LBTYA
IDCC	0.58	-0.05	-0.63	-0.31		0.74	0.59	0.0	-0.23	0.84	IDCC
ATNI	0.6	-0.11	-0.51	-0.14	0.74		0.62	0.0	-0.05	0.63	ATNI
LBRDA	1.0	-0.08	-0.33	-0.21	0.59	0.62		0.0	0.14	0.7	LBRDA
CNSL	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	CNSL
CMCSA	0.14	-0.54	0.61	0.77	-0.23	-0.05	0.14	0.0		-0.45	CMCSA
TMUS	0.7	0.14	-0.71	-0.64	0.84	0.63	0.7	0.0	-0.45		TMUS
	LBRDK	LBRDP	TLK	LBTYA	IDCC	ATNI	LBRDA	CNSL	CMCSA	TMUS

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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

LBRDA	+ 1.0	LBRDK
TMUS	+ 0.84	IDCC
CMCSA	+ 0.77	LBTYA
ATNI	+ 0.74	IDCC
TMUS	+ 0.7	LBRDK
TMUS	+ 0.7	LBRDA

High negative correlations

TMUS	- 0.71	TLK
TMUS	- 0.64	LBTYA
IDCC	- 0.63	TLK
LBTYA	- 0.58	LBRDP
CMCSA	- 0.54	LBRDP
ATNI	- 0.51	TLK

Risk-Adjusted Indicators

There is a big difference between Cable Stock performing well and Cable One 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 Cable One'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
LBRDK	1.39	0.10	0.06	0.04	1.95	(1.38)	2.68	(3.28)	9.15
LBRDP	0.61	0.05	0.19	(0.53)	0.76	(0.65)	1.17	(1.19)	6.54
TLK	1.76	(0.18)	0.00	(0.64)	0.00	0.00	3.91	(4.29)	11.21
LBTYA	1.16	(0.08)	0.00	(0.26)	0.00	0.00	2.57	(2.24)	7.78
IDCC	1.56	0.29	0.15	0.29	1.87	(1.68)	2.75	(2.94)	19.54
ATNI	2.18	0.48	0.22	0.52	2.13	(2.73)	4.87	(3.76)	10.86
LBRDA	1.38	0.10	0.06	0.04	1.98	(1.34)	2.80	(3.12)	9.58
CNSL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CMCSA	1.24	(0.06)	0.00	(0.21)	0.00	0.00	2.18	(2.44)	13.18
TMUS	1.20	0.23	0.17	0.31	1.45	(1.27)	2.43	(3.00)	10.07

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