Cable One Correlations

CABO Stock

USD 416.55 13.70 3.40%

The current 90-days correlation between Cable One and Liberty Global PLC is -0.09 (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

Very weak diversification

The correlation between Cable One and DJI is 0.49 (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

0.82	CNK	Cinemark Holdings	Pair Corr
0.89	FOXA	Fox Corp Class	Pair Corr
0.78	DIS	Walt Disney	Pair Corr
0.8	EVC	Entravision Communications	Pair Corr
0.92	FOX	Fox Corp Class	Pair Corr
0.83	PSO	Pearson PLC ADR	Pair Corr
0.83	WBD	Warner Bros Discovery Aggressive Push	Pair Corr
0.65	WLY	John Wiley Sons	Pair Corr
0.62	IHRT	iHeartMedia Class	Pair Corr
0.86	IMAX	Imax Corp	Pair Corr
0.7	LLYVA	Liberty Media	Pair Corr
0.69	LLYVK	Liberty Media	Pair Corr
0.74	FWONA	Liberty Media	Pair Corr
0.82	FWONK	Liberty Media	Pair Corr
0.72	CMCSA	Comcast Corp Sell-off Trend	Pair Corr
0.64	PARA	Paramount Global Class	Pair Corr

Moving against Cable Stock

0.76	SGA	Saga Communications	Pair Corr
0.75	LILAK	Liberty Latin America	Pair Corr
0.42	DRCT	Direct Digital Holdings	Pair Corr
0.33	WIMI	WiMi Hologram Cloud	Pair Corr
0.33	GTN	Gray Television	Pair Corr
0.78	CMLS	Cumulus Media Class	Pair Corr
0.68	BBGI	Beasley Broadcast	Pair Corr
0.59	ANGH	Anghami De	Pair Corr
0.31	UONE	Urban One	Pair Corr

Related Correlations Analysis

	LBTYK	LBTYA	LBRDA	SHEN	LBTYB	LILA	LBRDP	TLK
LBTYK		-0.59	-0.44	0.48	0.77	0.94	0.06	0.73	LBTYK
LBTYA	-0.59		0.47	-0.53	-0.75	-0.7	0.4	-0.53	LBTYA
LBRDA	-0.44	0.47		-0.65	-0.25	-0.41	0.46	-0.78	LBRDA
SHEN	0.48	-0.53	-0.65		0.4	0.57	-0.38	0.65	SHEN
LBTYB	0.77	-0.75	-0.25	0.4		0.85	0.05	0.65	LBTYB
LILA	0.94	-0.7	-0.41	0.57	0.85		-0.02	0.71	LILA
LBRDP	0.06	0.4	0.46	-0.38	0.05	-0.02		-0.07	LBRDP
TLK	0.73	-0.53	-0.78	0.65	0.65	0.71	-0.07		TLK
	LBTYK	LBTYA	LBRDA	SHEN	LBTYB	LILA	LBRDP	TLK

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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

LILA	+ 0.94	LBTYK
LILA	+ 0.85	LBTYB
LBTYB	+ 0.77	LBTYK
TLK	+ 0.73	LBTYK
TLK	+ 0.71	LILA
TLK	+ 0.65	SHEN

High negative correlations

TLK	- 0.78	LBRDA
LBTYB	- 0.75	LBTYA
LILA	- 0.7	LBTYA
SHEN	- 0.65	LBRDA
LBTYA	- 0.59	LBTYK
TLK	- 0.53	LBTYA

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
LBTYK	2.13	(0.22)	0.00	0.84	0.00	0.00	3.97	(2.05)	51.28
LBTYA	1.47	0.46	0.31	1.66	0.80	(2.03)	4.03	(1.94)	13.27
LBRDA	2.17	0.47	0.27	0.44	1.49	(2.72)	4.70	(3.19)	33.07
SHEN	2.46	(0.21)	0.00	(0.04)	0.00	0.00	5.32	(3.94)	25.16
LBTYB	2.15	(0.32)	0.00	10.76	0.00	0.00	4.93	(3.89)	48.50
LILA	1.90	(0.46)	0.00	(0.32)	0.00	0.00	2.94	(5.04)	26.76
LBRDP	0.47	0.05	(0.10)	2.70	0.55	(0.55)	1.18	(1.07)	3.58
TLK	1.28	(0.17)	0.00	(0.51)	0.00	0.00	2.61	(3.19)	7.40

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