Consolidated Communications Correlations
| C8C Stock | EUR 4.48 0.00 0.00% |
The current 90-days correlation between Consolidated Communications and The Boston Beer is -0.09 (i.e., Good diversification). The correlation of Consolidated Communications 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.
Consolidated Communications Correlation With Market
Good diversification
The correlation between Consolidated Communications Ho and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Consolidated Communications Ho and DJI in the same portfolio, assuming nothing else is changed.
Consolidated |
The ability to find closely correlated positions to Consolidated Communications could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Consolidated Communications 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 Consolidated Communications - 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 Consolidated Communications Holdings to buy it.
Moving together with Consolidated Stock
| 0.75 | SOBA | ATT Inc Earnings Call This Week | PairCorr |
| 0.75 | SOBA | ATT Inc Earnings Call This Week | PairCorr |
| 0.75 | DTEA | Deutsche Telekom | PairCorr |
| 0.75 | DTE | Deutsche Telekom | PairCorr |
| 0.78 | DTE | Deutsche Telekom | PairCorr |
| 0.77 | NTT | Nippon Telegraph | PairCorr |
| 0.73 | NLV | Nippon Telegraph | PairCorr |
| 0.91 | 3RKU | RYOHIN UNSPADR/1 | PairCorr |
| 0.77 | GIFN | GigaMedia | PairCorr |
| 0.66 | FTK | flatexDEGIRO AG | PairCorr |
| 0.75 | IFX | Infineon Technologies | PairCorr |
| 0.63 | AAH | AHLERS | PairCorr |
| 0.89 | NTOA | Nintendo | PairCorr |
| 0.62 | NY70 | MOLSON RS BEVERAGE | PairCorr |
| 0.89 | KEL | Kellogg Company | PairCorr |
| 0.8 | MEC | Meiko Electronics | PairCorr |
| 0.73 | Z56 | QINGCI GAMES INC | PairCorr |
| 0.81 | MSF | Microsoft | PairCorr |
| 0.91 | TL0 | Tesla Inc Earnings Call This Week | PairCorr |
| 0.85 | BOV | Apyx Medical Corp | PairCorr |
| 0.92 | OD7B | ETFS Coffee ETC | PairCorr |
| 0.85 | APC | Apple Inc | PairCorr |
| 0.86 | SNQB | SANOMA Dusseldorf | PairCorr |
Moving against Consolidated Stock
| 0.92 | PKX | POSCO Holdings Earnings Call This Week | PairCorr |
| 0.74 | GGG | GUDANG GARAM | PairCorr |
| 0.71 | 9NPA | NIPPON PROLOGIS REIT | PairCorr |
| 0.63 | KBIA | KB Financial Group | PairCorr |
| 0.56 | JUA | Japan Real Estate Split | PairCorr |
| 0.84 | KSF1 | SHINHAN FINL ADR1 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Consolidated Stock performing well and Consolidated Communications 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 Consolidated Communications' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 7SN | 1.29 | (0.17) | 0.00 | (0.85) | 0.00 | 1.85 | 9.82 | |||
| NY7 | 1.04 | 0.12 | 0.09 | 0.71 | 1.17 | 2.22 | 12.16 | |||
| VEFW | 0.65 | 0.17 | 0.23 | 4.80 | 0.51 | 1.48 | 5.17 | |||
| FR70 | 1.60 | (0.05) | 0.00 | 0.11 | 0.00 | 3.21 | 12.96 | |||
| AVK1 | 0.20 | (0.04) | 0.00 | (0.40) | 0.00 | 0.00 | 6.61 | |||
| FV8 | 1.57 | (0.23) | 0.00 | (0.53) | 0.00 | 3.61 | 9.76 | |||
| BBEA | 1.43 | 0.01 | 0.01 | (0.03) | 1.79 | 2.47 | 8.77 | |||
| MOB | 1.02 | 0.06 | 0.04 | 0.18 | 1.65 | 2.65 | 11.29 |
Consolidated Communications Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Consolidated Communications stock to make a market-neutral strategy. Peer analysis of Consolidated Communications could also be used in its relative valuation, which is a method of valuing Consolidated Communications by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Consolidated Communications Corporate Management
Elected by the shareholders, the Consolidated Communications' board of directors comprises two types of representatives: Consolidated Communications inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Consolidated. The board's role is to monitor Consolidated Communications' management team and ensure that shareholders' interests are well served. Consolidated Communications' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Consolidated Communications' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Garrett Osdell | Gen Officer | Profile | |
| John Lunny | Chief Technology | Profile | |
| Robert Udell | CEO Pres | Profile | |
| Gabe Waggoner | Ex Operations | Profile | |
| Fred III | Ex CFO | Profile | |
| David Herrick | VP Controller | Profile |