Frontier Communications Correlations

FYBR Stock

USD 35.87 0.04 0.11%

The current 90-days correlation between Frontier Communications and Liberty Broadband Srs is 0.26 (i.e., Modest diversification). The correlation of Frontier Communications 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.

Frontier Communications Correlation With Market

Very weak diversification

The correlation between Frontier Communications Parent and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Frontier Communications Parent and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Frontier Communications Parent. 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.

Moving together with Frontier Stock

0.7	T	ATT Inc Aggressive Push	Pair Corr
0.61	VZ	Verizon Communications Aggressive Push	Pair Corr
0.65	TMUS	T Mobile	Pair Corr
0.83	KT	KT Corporation	Pair Corr
0.74	TU	Telus Corp	Pair Corr
0.7	YY	YY Inc Class	Pair Corr
0.72	BATRA	Atlanta Braves Holdings,	Pair Corr

Moving against Frontier Stock

0.69	TC	TuanChe ADR	Pair Corr
0.66	LUMN	Lumen Technologies	Pair Corr
0.61	OB	Outbrain	Pair Corr
0.6	ZD	Ziff Davis	Pair Corr
0.59	EA	Electronic Arts	Pair Corr
0.45	SJ	Scienjoy Holding Corp	Pair Corr
0.32	LBTYB	Liberty Global PLC Downward Rally	Pair Corr
0.9	ADD	Color Star Technology	Pair Corr
0.89	AMC	AMC Entertainment	Pair Corr
0.78	WIMI	WiMi Hologram Cloud	Pair Corr
0.69	ANGHW	Anghami Warrants	Pair Corr
0.59	DRCT	Direct Digital Holdings Buyout Trend	Pair Corr
0.58	CNK	Cinemark Holdings	Pair Corr
0.53	ADV	Advantage Solutions	Pair Corr
0.47	CHR	Cheer Holding	Pair Corr
0.42	VSME	VS Media Holdings	Pair Corr
0.39	CCO	Clear Channel Outdoor	Pair Corr

Related Correlations Analysis

	CABO	CHTR	LBRDA	DISH	ATNI	SHEN	KT	ATEX	CCOI	LBRDK
CABO		-0.38	-0.65	0.0	-0.66	0.25	-0.81	-0.7	0.2	-0.66	CABO
CHTR	-0.38		0.93	0.0	0.46	0.06	0.52	0.61	-0.34	0.93	CHTR
LBRDA	-0.65	0.93		0.0	0.71	0.1	0.72	0.75	-0.43	1.0	LBRDA
DISH	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	DISH
ATNI	-0.66	0.46	0.71	0.0		0.44	0.66	0.73	-0.48	0.69	ATNI
SHEN	0.25	0.06	0.1	0.0	0.44		-0.24	0.04	-0.38	0.07	SHEN
KT	-0.81	0.52	0.72	0.0	0.66	-0.24		0.6	-0.28	0.72	KT
ATEX	-0.7	0.61	0.75	0.0	0.73	0.04	0.6		-0.08	0.76	ATEX
CCOI	0.2	-0.34	-0.43	0.0	-0.48	-0.38	-0.28	-0.08		-0.4	CCOI
LBRDK	-0.66	0.93	1.0	0.0	0.69	0.07	0.72	0.76	-0.4		LBRDK
	CABO	CHTR	LBRDA	DISH	ATNI	SHEN	KT	ATEX	CCOI	LBRDK

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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
LBRDA	+ 0.93	CHTR
LBRDK	+ 0.93	CHTR
LBRDK	+ 0.76	ATEX
ATEX	+ 0.75	LBRDA
ATEX	+ 0.73	ATNI

High negative correlations

KT	- 0.81	CABO
ATEX	- 0.7	CABO
LBRDK	- 0.66	CABO
ATNI	- 0.66	CABO
LBRDA	- 0.65	CABO
CCOI	- 0.48	ATNI

Risk-Adjusted Indicators

There is a big difference between Frontier Stock performing well and Frontier Communications 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 Frontier Communications' 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
CABO	2.43	(0.32)	0.00	(1.32)	0.00	0.00	4.12	(6.18)	22.18
CHTR	1.36	0.14	0.08	0.19	1.81	(1.49)	2.60	(2.46)	8.90
LBRDA	1.36	0.23	0.12	0.28	1.79	(1.39)	2.78	(2.65)	9.58
DISH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ATNI	2.31	0.48	0.20	0.81	2.36	(2.79)	4.87	(3.91)	11.38
SHEN	1.89	0.13	0.05	0.20	2.91	(1.81)	3.68	(4.38)	16.61
KT	1.00	0.15	0.13	0.20	0.98	(1.05)	2.04	(1.90)	7.12
ATEX	2.20	0.42	0.23	0.28	1.50	(3.27)	3.98	(3.16)	30.60
CCOI	1.47	(0.24)	0.00	(0.35)	0.00	0.00	2.49	(3.04)	13.48
LBRDK	1.37	0.22	0.11	0.27	1.75	(1.42)	2.70	(2.97)	9.15

Frontier Communications Corporate Management

Erin Kurtz	Executive Officer	Profile
Veronica Bloodworth	Executive Officer	Profile
Ettienne Brandt	Executive Business	Profile
William McGloin	Chief Controller	Profile
Alan Gardner	Executive Officer	Profile
Melissa Pint	Executive Officer	Profile

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