Cable One Correlations

C1AB34 Stock

BRL 11.73 0.20 1.73%

The correlation of Cable One 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.

Cable One Correlation With Market

Weak diversification

The correlation between Cable One and DJI is 0.3 (i.e., 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.

The ability to find closely correlated positions to Cable One could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cable One 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 Cable One - 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 Cable One to buy it.

Moving together with Cable Stock

0.73

T1MU34

T Mobile

Pair Corr

Moving against Cable Stock

0.83	S1SL34	Skyworks Solutions	Pair Corr
0.82	OIBR3	Oi SA	Pair Corr
0.66	TIMS3	TIM SA	Pair Corr
0.58	BSLI4	BRB Banco	Pair Corr
0.53	VIVT3	Telefnica Brasil	Pair Corr
0.41	V1OD34	Vodafone Group Public	Pair Corr
0.41	TLNC34	Telefnica SA	Pair Corr
0.41	CARE11	Mxima Renda Corporativa	Pair Corr

Related Correlations Analysis

	CRDA34	S1MF34	M1UF34	P1DT34	MUTC34	RYTT34	S1IV34	A1GI34
CRDA34		0.0	0.0	0.0	0.0	0.0	0.0	0.0	CRDA34
S1MF34	0.0		0.85	0.74	0.27	0.51	0.0	0.12	S1MF34
M1UF34	0.0	0.85		0.73	0.56	0.56	0.0	0.27	M1UF34
P1DT34	0.0	0.74	0.73		0.2	0.33	0.0	0.22	P1DT34
MUTC34	0.0	0.27	0.56	0.2		0.61	0.0	0.53	MUTC34
RYTT34	0.0	0.51	0.56	0.33	0.61		0.0	0.57	RYTT34
S1IV34	0.0	0.0	0.0	0.0	0.0	0.0		0.0	S1IV34
A1GI34	0.0	0.12	0.27	0.22	0.53	0.57	0.0		A1GI34
	CRDA34	S1MF34	M1UF34	P1DT34	MUTC34	RYTT34	S1IV34	A1GI34

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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

M1UF34	+ 0.85	S1MF34
P1DT34	+ 0.74	S1MF34
P1DT34	+ 0.73	M1UF34
RYTT34	+ 0.61	MUTC34
A1GI34	+ 0.57	RYTT34
MUTC34	+ 0.56	M1UF34

High negative correlations

A1GI34	- 0.0	S1IV34
S1IV34	- 0.0	RYTT34
S1IV34	- 0.0	MUTC34
S1IV34	- 0.0	P1DT34
S1IV34	- 0.0	M1UF34
S1IV34	- 0.0	S1MF34

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
CRDA34	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
S1MF34	1.31	0.28	0.09	(1.88)	1.34	(1.94)	3.80	(3.16)	13.50
M1UF34	1.32	0.25	0.12	0.87	1.19	(1.63)	3.56	(2.31)	8.00
P1DT34	0.77	0.28	0.00	(26.66)	0.00	0.00	2.10	(0.04)	12.92
MUTC34	2.47	(0.03)	(0.03)	0.00	3.11	(2.55)	4.43	(5.09)	21.03
RYTT34	1.03	0.15	0.02	(0.27)	1.21	(1.15)	2.07	(1.65)	9.72
S1IV34	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
A1GI34	0.51	0.07	0.00	0.21	0.00	0.00	2.20	0.00	15.21

Be your own money manager

Our tools can tell you how much better you can do entering a position in Cable One 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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Cable One Corporate Management

Elected by the shareholders, the Cable One's board of directors comprises two types of representatives: Cable One inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Cable. The board's role is to monitor Cable One's management team and ensure that shareholders' interests are well served. Cable One'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, Cable One's outside directors are responsible for providing unbiased perspectives on the board's policies.

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