Liberty Broadband Correlations

LBRDK Stock

USD 85.80 0.99 1.17%

The current 90-days correlation between Liberty Broadband Srs and Cable One is 0.3 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Liberty Broadband moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Liberty Broadband Srs moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Liberty Broadband Correlation With Market

Weak diversification

The correlation between Liberty Broadband Srs and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Liberty Broadband Srs and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Liberty Broadband Srs. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with Liberty Stock

0.89	CHTR	Charter Communications	Pair Corr
0.8	T	ATT Inc Sell-off Trend	Pair Corr
0.71	KT	KT Corporation	Pair Corr
0.75	TU	Telus Corp	Pair Corr
0.86	VZ	Verizon Communications	Pair Corr
0.63	WB	Weibo Corp	Pair Corr
0.62	YY	YY Inc Class	Pair Corr
0.79	ZH	Zhihu Inc ADR	Pair Corr
0.69	EVER	EverQuote Class A	Pair Corr
0.63	BATRA	Atlanta Braves Holdings,	Pair Corr
0.65	BATRK	Atlanta Braves Holdings,	Pair Corr

Moving against Liberty Stock

0.72	TC	TuanChe ADR	Pair Corr
0.7	ZD	Ziff Davis	Pair Corr
0.65	OB	Outbrain	Pair Corr
0.51	RSVR	Reservoir Media	Pair Corr
0.37	DIS	Walt Disney	Pair Corr
0.63	CNK	Cinemark Holdings	Pair Corr
0.62	ADD	Color Star Technology	Pair Corr
0.62	CHR	Cheer Holding	Pair Corr
0.61	WIMI	WiMi Hologram Cloud	Pair Corr
0.56	CCO	Clear Channel Outdoor	Pair Corr
0.51	AMC	AMC Entertainment Aggressive Push	Pair Corr
0.46	ANGHW	Anghami Warrants	Pair Corr
0.44	DOYU	DouYu International	Pair Corr
0.44	VSME	VS Media Holdings	Pair Corr
0.44	ADV	Advantage Solutions	Pair Corr
0.42	DRCT	Direct Digital Holdings	Pair Corr
0.37	FLNT	Fluent Inc Earnings Call This Week	Pair Corr

Related Correlations Analysis

	CABO	LBRDP	TLK	LBTYA	SKM	TIMB	PHI	LBRDA	CCOI	CHTR
CABO		-0.31	0.75	0.75	-0.24	-0.89	-0.73	-0.62	0.13	-0.23	CABO
LBRDP	-0.31		0.04	-0.4	0.06	0.31	0.34	0.1	-0.09	-0.05	LBRDP
TLK	0.75	0.04		0.45	-0.03	-0.65	-0.43	-0.54	0.25	-0.21	TLK
LBTYA	0.75	-0.4	0.45		-0.24	-0.72	-0.56	-0.34	-0.23	-0.09	LBTYA
SKM	-0.24	0.06	-0.03	-0.24		0.4	0.24	0.33	0.42	0.38	SKM
TIMB	-0.89	0.31	-0.65	-0.72	0.4		0.75	0.72	0.08	0.4	TIMB
PHI	-0.73	0.34	-0.43	-0.56	0.24	0.75		0.63	-0.1	0.36	PHI
LBRDA	-0.62	0.1	-0.54	-0.34	0.33	0.72	0.63		-0.24	0.88	LBRDA
CCOI	0.13	-0.09	0.25	-0.23	0.42	0.08	-0.1	-0.24		-0.12	CCOI
CHTR	-0.23	-0.05	-0.21	-0.09	0.38	0.4	0.36	0.88	-0.12		CHTR
	CABO	LBRDP	TLK	LBTYA	SKM	TIMB	PHI	LBRDA	CCOI	CHTR

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

CHTR	+ 0.88	LBRDA
TLK	+ 0.75	CABO
LBTYA	+ 0.75	CABO
PHI	+ 0.75	TIMB
LBRDA	+ 0.72	TIMB
LBRDA	+ 0.63	PHI

High negative correlations

TIMB	- 0.89	CABO
PHI	- 0.73	CABO
TIMB	- 0.72	LBTYA
TIMB	- 0.65	TLK
LBRDA	- 0.62	CABO
PHI	- 0.56	LBTYA

Risk-Adjusted Indicators

There is a big difference between Liberty Stock performing well and Liberty Broadband 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 Liberty Broadband'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
CABO	2.34	(0.48)	0.00	(2.25)	0.00	0.00	4.12	(6.18)	22.18
LBRDP	0.62	0.07	0.12	(0.71)	0.75	(0.68)	1.37	(1.19)	6.54
TLK	1.71	(0.22)	0.00	(0.87)	0.00	0.00	3.91	(4.29)	11.21
LBTYA	1.17	(0.13)	0.00	(0.30)	0.00	0.00	2.57	(2.24)	7.78
SKM	0.93	(0.06)	0.00	(0.16)	0.00	0.00	2.24	(1.72)	5.06
TIMB	1.45	0.36	0.17	0.63	1.78	(1.54)	3.45	(2.56)	14.05
PHI	1.05	0.01	0.03	0.04	1.56	(1.00)	1.81	(2.40)	8.54
LBRDA	1.38	0.09	0.05	0.08	1.99	(1.34)	2.78	(3.12)	9.58
CCOI	1.36	(0.11)	0.00	(0.18)	0.00	0.00	2.49	(2.74)	13.48
CHTR	1.38	(0.02)	0.00	(0.06)	0.00	0.00	2.58	(3.44)	8.90

Liberty Broadband Corporate Management

Ben Oren	Executive Treasurer	Profile
Albert Rosenthaler	Chief Tax Officer	Profile
Renee JD	Chief Officer	Profile
Brian Wendling	Principal Financial Officer	Profile
Katherine Jewell	Assistant Sec	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC