Liberty Broadband Correlations

Stocks . Germany . 
Stock . Liberty Broadband
8L8C Stock  EUR 83.00  0.50  0.61%   
The current 90-days correlation between Liberty Broadband and Liberty Broadband is 0.72 (i.e., Poor 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.

Liberty Broadband Correlation With Market

Average diversification

The correlation between Liberty Broadband and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Liberty Broadband 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 to buy it.

Moving together with Liberty Stock

  0.96CTP2 ComcastPairCorr
  0.998L8 Liberty BroadbandPairCorr
  0.615EE MEBUKI FINANCIALPairCorr
  0.85C6TB CHINA BANK ADR20PairCorr
  0.81ICK Industrial and CommercialPairCorr
  0.82ICKB INDCOMMBK CHINA ADR20PairCorr
  0.84V71 HUT 8 PPairCorr
  0.86MOB Monster Beverage CorpPairCorr
  0.9CM2 CAL MAINE FOODSPairCorr
  0.86HEIA HEIAPairCorr
  0.87EK7 AGRICUL BK CHINAPairCorr
  0.87SAP SAP SEPairCorr
  0.9UN3 United Natural FoodsPairCorr
  0.63DBPE Xtrackers LevDAXPairCorr

Moving against Liberty Stock

  0.85SSU Samsung ElectronicsPairCorr
  0.71WIG1 Sporttotal AGPairCorr
  0.62DBPD Xtrackers ShortDAXPairCorr
  0.55PKX POSCO HoldingsPairCorr
  0.54LGLG LG ElectronicsPairCorr

Related Correlations Analysis

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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   
8L8
+ 0.99
8L8C
8L8C
+ 0.96
CTP2
8L8
+ 0.95
CTP2
R35
+ 0.49
8L8
R35
+ 0.48
8L8C
R35
+ 0.42
CTP2
  
High negative correlations   
WIG1
- 0.78
CTP2
WIG1
- 0.71
8L8C
WIG1
- 0.7
8L8
WIG1
- 0.4
R35
WU5
- 0.34
R35
WIG1
- 0.12
WU5

Risk-Adjusted Indicators

There is a big difference between Liberty 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.

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

Elected by the shareholders, the Liberty Broadband's board of directors comprises two types of representatives: Liberty Broadband inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Liberty. The board's role is to monitor Liberty Broadband's management team and ensure that shareholders' interests are well served. Liberty Broadband's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Liberty Broadband's outside directors are responsible for providing unbiased perspectives on the board's policies.
Ben OrenEx TreasurerProfile
Albert RosenthalerChief Corporate Development OfficerProfile
Christopher SheanAdvisorProfile
Renee JDChief OfficerProfile
Brian WendlingChief OfficerProfile
Katherine JewellAssistant SecProfile
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