Comcast Correlations

Stocks . Germany . 
Stock . Comcast
CTP2 Stock  EUR 32.44  0.56  1.76%   
The current 90-days correlation between Comcast and Costco Wholesale Corp is 0.01 (i.e., Significant diversification). The correlation of Comcast 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.

Comcast Correlation With Market

Average diversification

The correlation between Comcast and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Comcast and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Comcast could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Comcast when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Comcast - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Comcast to buy it.

Moving together with Comcast Stock

  0.69WU5 WideOpenWestPairCorr
  0.717AL ALLIGATOR BIOSC ABPairCorr

Moving against Comcast Stock

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  0.73BNPH BNP PARIBAS ADRPairCorr
  0.66LLD2 Lloyds Banking GroupPairCorr
  0.66TC2A TCL MULTIMEDIA TECHPairCorr
  0.66ZSV SSR MiningPairCorr
  0.64HCM Hitachi ConstructionPairCorr
  0.636MM Southern Cross MediaPairCorr
  0.59AJ91 DocCheck AGPairCorr
  0.59MVV1 MVV Energie AGPairCorr
  0.57HNL Dr Hnle AGPairCorr
  0.56BRYN Berkshire HathawayPairCorr
  0.56HPI2 RCS MediaGroup SpAPairCorr
  0.5359V NAGOYA RAILROADPairCorr
  0.49YT2A Atresmedia CorporaciónPairCorr
  0.367PO Poxel SAPairCorr
  0.34BMW Bayerische Motoren Werke Earnings Call This WeekPairCorr
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  0.75CMAB MAPFREPairCorr
  0.72VOW3 Volkswagen AG VZOPairCorr
  0.7RKQ Regis ResourcesPairCorr
  0.676HW Bank Handlowy wPairCorr
  0.62BAS BASF SEPairCorr
  0.62PKY1 Polski Koncern NaftowyPairCorr
  0.6XST Sanwa HoldingsPairCorr
  0.6QBE QBE INSURGROUPPairCorr

Related Correlations Analysis

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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   
7JZ
+ 0.67
FR7
DGD
+ 0.66
CTO
5PMA
+ 0.41
I43
R6N
+ 0.41
I43
DGD
+ 0.38
5PMA
FR7
+ 0.36
ZYR1
  
High negative correlations   
7JZ
- 0.7
5PMA
FR7
- 0.7
5PMA
ZYR1
- 0.53
I43
7JZ
- 0.47
DGD
FR7
- 0.44
I43
DGD
- 0.42
FR7

Risk-Adjusted Indicators

There is a big difference between Comcast Stock performing well and Comcast 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 Comcast'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Comcast without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Comcast Corporate Management

Elected by the shareholders, the Comcast's board of directors comprises two types of representatives: Comcast inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Comcast. The board's role is to monitor Comcast's management team and ensure that shareholders' interests are well served. Comcast's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Comcast's outside directors are responsible for providing unbiased perspectives on the board's policies.
Matthew ZeleskoChief OfficerProfile
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Michael CavanaghPres CFOProfile
Melinda LindsleyOperations DirectorProfile
David WatsonPres CableProfile
Daniel MurdockChief VPProfile
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