Cincinnati Bell Related Correlations

Generate correlation matrix for Cincinnati Bell and other related equities to check the degree to which Cincinnati Bell price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for Cincinnati Bell. To filter out specific equities, please toggle its corresponding legend item. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.
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Please note, there is a significant difference between Cincinnati Bell's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cincinnati Bell is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cincinnati Bell's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Correlations

GGB
RCKY
KTB
SILO
AXXDF
GGB
0.330.15-0.160.0
GGB
RCKY
0.330.69-0.270.0
RCKY
KTB
0.150.69-0.020.0
KTB
SILO
-0.16-0.27-0.020.0
SILO
AXXDF
0.00.00.00.0
AXXDF
GGB
RCKY
KTB
SILO
AXXDF
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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   
KTBRCKY
RCKYGGB
KTBGGB
AXXDFGGB
AXXDFRCKY
AXXDFKTB
  
High negative correlations   
SILORCKY
SILOGGB
SILOKTB
AXXDFSILO
AXXDFKTB
AXXDFRCKY

Risk-Adjusted Indicators

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