Cable One Correlations

CABO Stock

USD 128.53 4.68 3.78%

The current 90-days correlation between Cable One and Liberty Broadband Srs is -0.01 (i.e., Good 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

Significant diversification

The correlation between Cable One and DJI is 0.02 (i.e., Significant 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.

Build AI portfolio with Cable Stock

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

0.8	WIMI	WiMi Hologram Cloud	Pair Corr
0.63	FLNT	Fluent Inc	Pair Corr
0.68	BOC	Boston Omaha Corp	Pair Corr
0.68	DUO	Fangdd Network Group	Pair Corr
0.63	HHS	Harte Hanks	Pair Corr
0.7	XHLD	TEN Holdings, Common	Pair Corr
0.67	KUKE	Kuke Music Holding	Pair Corr
0.82	NCMI	National CineMedia	Pair Corr

Moving against Cable Stock

0.92	DIS	Walt Disney	Pair Corr
0.9	FWONK	Liberty Media	Pair Corr
0.89	IAS	Integral Ad Science	Pair Corr
0.89	IMAX	Imax Corp Earnings Call This Week	Pair Corr
0.89	FWONA	Liberty Media	Pair Corr
0.85	SE	Sea	Pair Corr
0.85	FOX	Fox Corp Class	Pair Corr
0.84	LYV	Live Nation Entertainment	Pair Corr
0.83	TC	TuanChe ADR	Pair Corr
0.76	WBD	Warner Bros Discovery Aggressive Push	Pair Corr
0.74	MCHX	Marchex	Pair Corr
0.69	UONEK	Urban One Class	Pair Corr
0.68	EVC	Entravision Communications	Pair Corr
0.67	TV	Grupo Televisa SAB Earnings Call This Week	Pair Corr
0.57	DLPN	Dolphin Entertainment	Pair Corr
0.53	TSQ	Townsquare Media	Pair Corr
0.52	GCI	Gannett	Pair Corr
0.41	VSME	VS Media Holdings	Pair Corr
0.31	ABLVW	Able View Global	Pair Corr
0.91	BZ	Kanzhun Ltd ADR	Pair Corr
0.9	MSGE	Madison Square Garden	Pair Corr
0.89	SPHR	Sphere Entertainment	Pair Corr
0.86	NXST	Nexstar Broadcasting	Pair Corr
0.81	LBRDA	Liberty Broadband Srs	Pair Corr
0.8	LBRDK	Liberty Broadband Srs	Pair Corr
0.8	TOON	Kartoon Studios,	Pair Corr
0.78	MGNI	Magnite	Pair Corr

Related Correlations Analysis

	LBRDA	CCOI	CHTR	LBRDK	TIMB	GHC	ATUS	WOW
LBRDA		-0.44	0.9	1.0	0.71	0.41	0.09	-0.32	LBRDA
CCOI	-0.44		-0.33	-0.44	-0.35	-0.37	0.45	0.32	CCOI
CHTR	0.9	-0.33		0.91	0.57	0.59	0.16	-0.01	CHTR
LBRDK	1.0	-0.44	0.91		0.7	0.42	0.09	-0.29	LBRDK
TIMB	0.71	-0.35	0.57	0.7		0.29	-0.24	-0.62	TIMB
GHC	0.41	-0.37	0.59	0.42	0.29		-0.12	0.24	GHC
ATUS	0.09	0.45	0.16	0.09	-0.24	-0.12		0.23	ATUS
WOW	-0.32	0.32	-0.01	-0.29	-0.62	0.24	0.23		WOW
	LBRDA	CCOI	CHTR	LBRDK	TIMB	GHC	ATUS	WOW

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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

LBRDK	+ 1.0	LBRDA
LBRDK	+ 0.91	CHTR
CHTR	+ 0.9	LBRDA
TIMB	+ 0.71	LBRDA
TIMB	+ 0.7	LBRDK
GHC	+ 0.59	CHTR

High negative correlations

WOW	- 0.62	TIMB
LBRDK	- 0.44	CCOI
CCOI	- 0.44	LBRDA
GHC	- 0.37	CCOI
TIMB	- 0.35	CCOI
CHTR	- 0.33	CCOI

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
LBRDA	1.70	0.37	0.11	(1.34)	1.66	(1.94)	2.88	(3.06)	14.76
CCOI	1.79	(0.19)	0.00	(0.03)	0.00	0.00	3.86	(4.94)	10.89
CHTR	1.66	0.08	0.03	0.22	1.82	(1.76)	2.76	(3.11)	15.50
LBRDK	1.70	0.35	0.10	(1.26)	1.69	(1.92)	2.97	(2.99)	14.56
TIMB	1.45	0.30	0.13	2.12	1.20	(1.66)	3.54	(2.41)	9.95
GHC	1.05	(0.15)	0.00	(0.03)	0.00	0.00	2.12	(2.33)	7.69
ATUS	2.90	0.10	0.03	0.21	4.38	(2.86)	5.14	(6.58)	19.23
WOW	1.68	(0.23)	0.00	(0.12)	0.00	0.00	3.40	(3.12)	14.39

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