Liberty Global Correlations

LBTYK Stock

USD 12.15 0.26 2.10%

The current 90-days correlation between Liberty Global PLC and Liberty Latin America is 0.24 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Liberty Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Liberty Global PLC moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Liberty Global Correlation With Market

Weak diversification

The correlation between Liberty Global PLC and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Liberty Global PLC 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 Global PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with Liberty Stock

0.73	LUMN	Lumen Technologies	Pair Corr
0.72	EA	Electronic Arts	Pair Corr
0.71	ANGHW	Anghami Warrants	Pair Corr
0.75	ADD	Color Star Technology	Pair Corr
0.72	AMC	AMC Entertainment	Pair Corr

Moving against Liberty Stock

0.65	YY	YY Inc Class	Pair Corr
0.55	KT	KT Corporation	Pair Corr
0.54	TMUS	T Mobile	Pair Corr
0.51	TV	Grupo Televisa SAB	Pair Corr
0.5	T	ATT Inc Earnings Call Today	Pair Corr
0.5	TU	Telus Corp	Pair Corr
0.47	CURIW	CuriosityStream	Pair Corr
0.46	WB	Weibo Corp	Pair Corr
0.42	IQ	iQIYI Inc	Pair Corr
0.38	ZG	Zillow Group	Pair Corr
0.38	VENU	Venu Holding	Pair Corr
0.33	Z	Zillow Group Class	Pair Corr
0.32	ZH	Zhihu Inc ADR Earnings Call Today	Pair Corr
0.32	DOYU	DouYu International Earnings Call Today	Pair Corr
0.64	BATRA	Atlanta Braves Holdings,	Pair Corr
0.55	VEON	VEON	Pair Corr
0.46	CHT	Chunghwa Telecom	Pair Corr
0.41	BATRK	Atlanta Braves Holdings,	Pair Corr
0.33	EVER	EverQuote Class A	Pair Corr

Related Correlations Analysis

	LILA	LILAK	LBTYB	LBRDA	LBTYA	SNGNF	PTNRY	KT	SHEN	CABO
LILA		1.0	-0.29	0.53	-0.45	-0.12	0.0	0.43	-0.14	-0.41	LILA
LILAK	1.0		-0.28	0.53	-0.44	-0.11	0.0	0.43	-0.12	-0.41	LILAK
LBTYB	-0.29	-0.28		0.01	0.54	0.35	0.0	-0.23	0.53	0.36	LBTYB
LBRDA	0.53	0.53	0.01		-0.29	0.24	0.0	0.69	-0.07	-0.57	LBRDA
LBTYA	-0.45	-0.44	0.54	-0.29		0.37	0.0	-0.6	0.65	0.76	LBTYA
SNGNF	-0.12	-0.11	0.35	0.24	0.37		0.0	-0.07	0.65	-0.02	SNGNF
PTNRY	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	PTNRY
KT	0.43	0.43	-0.23	0.69	-0.6	-0.07	0.0		-0.4	-0.81	KT
SHEN	-0.14	-0.12	0.53	-0.07	0.65	0.65	0.0	-0.4		0.47	SHEN
CABO	-0.41	-0.41	0.36	-0.57	0.76	-0.02	0.0	-0.81	0.47		CABO
	LILA	LILAK	LBTYB	LBRDA	LBTYA	SNGNF	PTNRY	KT	SHEN	CABO

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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

LILAK	+ 1.0	LILA
CABO	+ 0.76	LBTYA
KT	+ 0.69	LBRDA
SHEN	+ 0.65	LBTYA
SHEN	+ 0.65	SNGNF
LBTYA	+ 0.54	LBTYB

High negative correlations

CABO	- 0.81	KT
KT	- 0.6	LBTYA
CABO	- 0.57	LBRDA
LBTYA	- 0.45	LILA
LBTYA	- 0.44	LILAK
CABO	- 0.41	LILAK

Risk-Adjusted Indicators

There is a big difference between Liberty Stock performing well and Liberty Global 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 Global'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
LILA	1.85	0.06	0.04	0.04	2.34	(1.89)	4.10	(3.99)	12.09
LILAK	1.88	0.07	0.04	0.04	2.43	(1.81)	4.29	(4.09)	12.02
LBTYB	8.41	0.49	0.05	0.39	9.85	(9.99)	27.06	(16.83)	59.93
LBRDA	1.38	0.09	0.05	0.05	1.97	(1.34)	2.78	(3.12)	9.58
LBTYA	1.19	(0.12)	0.00	(0.29)	0.00	0.00	2.57	(2.24)	7.78
SNGNF	1.30	0.39	0.00	0.86	0.00	0.00	5.99	(4.41)	16.99
PTNRY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KT	1.02	0.18	0.17	0.22	0.96	(1.10)	2.04	(1.90)	6.92
SHEN	1.93	0.01	0.00	(0.05)	0.00	0.00	3.57	(4.54)	16.61
CABO	2.37	(0.50)	0.00	(2.08)	0.00	0.00	4.12	(6.18)	22.18

Liberty Global Corporate Management

Andrea Salvato	Executive Officer	Profile
Frederick III	Senior Responsibility	Profile
Severina Pascu	Senior Operations	Profile
Eric Lennon	Managing Integration	Profile
Veenod Kurup	Chief MD	Profile

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