Cable One Correlations

CABO Stock

USD 397.64 10.06 2.47%

The current 90-days correlation between Cable One and Liberty Broadband Srs is 0.44 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cable One moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cable One moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Cable One Correlation With Market

Very weak diversification

The correlation between Cable One and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cable One and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cable One. 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.

To learn how to invest in Cable Stock, please use our How to Invest in Cable One guide.

Moving together with Cable Stock

0.7	CNK	Cinemark Holdings	Pair Corr
0.78	FOXA	Fox Corp Class	Pair Corr
0.65	DIS	Walt Disney Buyout Trend	Pair Corr
0.71	EVC	Entravision Communications	Pair Corr
0.82	FOX	Fox Corp Class	Pair Corr
0.76	MCS	Marcus	Pair Corr

Moving against Cable Stock

0.44	DLPN	Dolphin Entertainment	Pair Corr
0.62	HHS	Harte Hanks	Pair Corr
0.45	IPG	Interpublic Group	Pair Corr
0.63	LILAK	Liberty Latin America	Pair Corr
0.62	SGA	Saga Communications	Pair Corr
0.46	MMV	MultiMetaVerse Holdings	Pair Corr
0.42	RDI	Reading International	Pair Corr

Related Correlations Analysis

	LBRDK	LBRDP	TLK	LBTYA	IDCC	ATNI	LBRDA	CNSL	CMCSA	TMUS
LBRDK		0.51	-0.75	-0.07	0.91	-0.29	1.0	0.77	0.96	0.91	LBRDK
LBRDP	0.51		-0.03	0.21	0.36	0.28	0.52	0.73	0.45	0.44	LBRDP
TLK	-0.75	-0.03		0.53	-0.84	0.66	-0.74	-0.32	-0.76	-0.78	TLK
LBTYA	-0.07	0.21	0.53		-0.33	0.6	-0.06	0.27	-0.13	-0.23	LBTYA
IDCC	0.91	0.36	-0.84	-0.33		-0.5	0.9	0.62	0.9	0.91	IDCC
ATNI	-0.29	0.28	0.66	0.6	-0.5		-0.27	0.11	-0.35	-0.33	ATNI
LBRDA	1.0	0.52	-0.74	-0.06	0.9	-0.27		0.77	0.95	0.91	LBRDA
CNSL	0.77	0.73	-0.32	0.27	0.62	0.11	0.77		0.72	0.69	CNSL
CMCSA	0.96	0.45	-0.76	-0.13	0.9	-0.35	0.95	0.72		0.9	CMCSA
TMUS	0.91	0.44	-0.78	-0.23	0.91	-0.33	0.91	0.69	0.9		TMUS
	LBRDK	LBRDP	TLK	LBTYA	IDCC	ATNI	LBRDA	CNSL	CMCSA	TMUS

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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

LBRDA	+ 1.0	LBRDK
CMCSA	+ 0.96	LBRDK
CMCSA	+ 0.95	LBRDA
IDCC	+ 0.91	LBRDK
TMUS	+ 0.91	LBRDK
TMUS	+ 0.91	IDCC

High negative correlations

IDCC	- 0.84	TLK
TMUS	- 0.78	TLK
CMCSA	- 0.76	TLK
TLK	- 0.75	LBRDK
LBRDA	- 0.74	TLK
ATNI	- 0.5	IDCC

Risk-Adjusted Indicators

There is a big difference between Cable Stock performing well and Cable One 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 Cable One'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
LBRDK	2.15	0.42	0.25	0.37	1.54	(2.78)	4.96	(3.20)	30.97
LBRDP	0.48	0.09	(0.01)	9.57	0.50	(0.56)	1.29	(1.07)	3.58
TLK	1.17	(0.26)	0.00	(0.70)	0.00	0.00	2.13	(3.19)	6.73
LBTYA	1.83	(0.48)	0.00	(1.19)	0.00	0.00	3.39	(2.05)	46.67
IDCC	1.30	0.33	0.28	0.38	0.85	(1.55)	2.76	(1.82)	12.59
ATNI	2.39	(0.54)	0.00	(0.10)	0.00	0.00	4.14	(4.87)	31.68
LBRDA	2.20	0.44	0.26	0.38	1.52	(2.76)	4.70	(3.19)	33.07
CNSL	0.21	0.00	(0.22)	0.08	0.21	(0.34)	0.44	(0.43)	1.74
CMCSA	1.02	0.04	0.03	0.14	1.09	(1.16)	2.52	(2.10)	8.17
TMUS	0.94	0.23	0.15	0.48	0.98	(1.04)	1.80	(1.69)	8.79

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