Liberty Broadband Correlations

LBRDP Preferred Stock

USD 24.98 0.03 0.12%

The current 90-days correlation between Liberty Broadband Corp and Westrock Coffee is 0.11 (i.e., Average diversification). The correlation of Liberty Broadband 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.

Liberty Broadband Correlation With Market

Good diversification

The correlation between Liberty Broadband Corp and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Liberty Broadband Corp and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Liberty Broadband could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Liberty Broadband 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 Liberty Broadband - 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 Liberty Broadband Corp to buy it.

Moving together with Liberty Preferred Stock

0.63	VEON	VEON	Pair Corr
0.62	TDS-PV	Telephone and Data	Pair Corr
0.68	TDS-PU	Telephone and Data	Pair Corr

Moving against Liberty Preferred Stock

0.48	RCI	Rogers Communications	Pair Corr
0.41	UCL	Ucloudlink Group	Pair Corr
0.37	FNGR	FingerMotion	Pair Corr
0.36	WOW	WideOpenWest	Pair Corr
0.31	GSAT	Globalstar, Common Stock	Pair Corr
0.65	EA	Electronic Arts Sell-off Trend	Pair Corr
0.59	SHEN	Shenandoah Telecommunicatio	Pair Corr
0.48	LBTYK	Liberty Global PLC	Pair Corr
0.4	LBTYA	Liberty Global PLC	Pair Corr
0.39	SJ	Scienjoy Holding Corp	Pair Corr
0.31	CABO	Cable One	Pair Corr

Related Correlations Analysis

	WEST	YUM	SBUX	AZUL	CNNE	BDL	SNCY
WEST		-0.06	0.01	0.19	0.1	0.16	-0.02	WEST
YUM	-0.06		0.52	-0.53	-0.51	0.14	-0.35	YUM
SBUX	0.01	0.52		0.13	0.06	0.36	0.5	SBUX
AZUL	0.19	-0.53	0.13		0.17	0.2	0.52	AZUL
CNNE	0.1	-0.51	0.06	0.17		-0.14	0.64	CNNE
BDL	0.16	0.14	0.36	0.2	-0.14		0.06	BDL
SNCY	-0.02	-0.35	0.5	0.52	0.64	0.06		SNCY
	WEST	YUM	SBUX	AZUL	CNNE	BDL	SNCY

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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

SNCY	+ 0.64	CNNE
SBUX	+ 0.52	YUM
SNCY	+ 0.52	AZUL
SNCY	+ 0.5	SBUX
BDL	+ 0.36	SBUX
BDL	+ 0.2	AZUL

High negative correlations

AZUL	- 0.53	YUM
CNNE	- 0.51	YUM
SNCY	- 0.35	YUM
BDL	- 0.14	CNNE
YUM	- 0.06	WEST
SNCY	- 0.02	WEST

Risk-Adjusted Indicators

There is a big difference between Liberty Preferred 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
WEST	3.31	0.10	0.03	0.38	4.37	(3.41)	5.92	(8.00)	30.89
YUM	1.10	0.25	0.21	0.47	1.11	(1.30)	2.05	(2.43)	12.45
SBUX	1.26	0.09	0.05	0.07	1.80	(1.25)	2.25	(2.69)	13.70
AZUL	3.99	0.02	0.00	(0.02)	0.00	0.00	8.80	(6.42)	19.92
CNNE	1.39	(0.07)	0.00	(0.10)	0.00	0.00	2.60	(3.11)	7.93
BDL	1.09	(0.01)	0.00	0.26	0.00	0.00	2.30	(2.57)	7.74
SNCY	2.23	(0.06)	0.00	(0.08)	0.00	0.00	4.92	(4.19)	15.02

Be your own money manager

Our tools can tell you how much better you can do entering a position in Liberty Broadband 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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Liberty Broadband Corporate Management

Ben Oren	Ex Treasurer	Profile
Albert Rosenthaler	Chief Officer	Profile
Christopher Shean	Advisor	Profile
Gregory Maffei	Pres CEO	Profile
Renee JD	Chief Officer	Profile
Brian Wendling	Chief Officer	Profile
Katherine Jewell	Assistant Sec	Profile

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