Charter Communications Correlations

CHTR Stock

USD 388.27 4.43 1.15%

The current 90-days correlation between Charter Communications and T Mobile is 0.18 (i.e., Average diversification). The correlation of Charter 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Charter Communications Correlation With Market

Weak diversification

The correlation between Charter Communications and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Charter Communications 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 Charter Communications. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

To learn how to invest in Charter Stock, please use our How to Invest in Charter Communications guide.

Moving together with Charter Stock

0.66	ANGHW	Anghami Warrants	Pair Corr
0.81	CNK	Cinemark Holdings	Pair Corr
0.78	FOXA	Fox Corp Class	Pair Corr
0.66	DIS	Walt Disney	Pair Corr
0.74	EVC	Entravision Communications	Pair Corr
0.82	FOX	Fox Corp Class	Pair Corr
0.88	PSO	Pearson PLC ADR	Pair Corr
0.78	WBD	Warner Bros Discovery Aggressive Push	Pair Corr
0.61	IHRT	iHeartMedia Class	Pair Corr
0.88	IMAX	Imax Corp	Pair Corr
0.63	FWONA	Liberty Media	Pair Corr
0.72	FWONK	Liberty Media	Pair Corr
0.63	CMCSA	Comcast Corp Sell-off Trend	Pair Corr
0.71	PARA	Paramount Global Class	Pair Corr

Moving against Charter Stock

0.73	SGA	Saga Communications	Pair Corr
0.73	LILAK	Liberty Latin America	Pair Corr
0.37	WIMI	WiMi Hologram Cloud	Pair Corr
0.36	GTN	Gray Television	Pair Corr
0.35	DRCT	Direct Digital Holdings	Pair Corr
0.72	CMLS	Cumulus Media Class	Pair Corr
0.65	BBGI	Beasley Broadcast	Pair Corr
0.58	ANGH	Anghami De	Pair Corr

Related Correlations Analysis

	TMUS	VZ	DISH	T	LBRDA	CCOI	LBRDK	TIMB	CMCSA	CABO
TMUS		-0.25	-0.09	0.77	0.89	0.83	0.9	-0.88	0.9	0.72	TMUS
VZ	-0.25		-0.38	0.23	-0.16	-0.05	-0.18	0.51	-0.2	-0.41	VZ
DISH	-0.09	-0.38		-0.34	-0.07	-0.15	-0.07	-0.13	-0.05	0.19	DISH
T	0.77	0.23	-0.34		0.73	0.68	0.73	-0.57	0.73	0.45	T
LBRDA	0.89	-0.16	-0.07	0.73		0.84	1.0	-0.75	0.95	0.65	LBRDA
CCOI	0.83	-0.05	-0.15	0.68	0.84		0.84	-0.74	0.83	0.41	CCOI
LBRDK	0.9	-0.18	-0.07	0.73	1.0	0.84		-0.75	0.95	0.66	LBRDK
TIMB	-0.88	0.51	-0.13	-0.57	-0.75	-0.74	-0.75		-0.78	-0.65	TIMB
CMCSA	0.9	-0.2	-0.05	0.73	0.95	0.83	0.95	-0.78		0.72	CMCSA
CABO	0.72	-0.41	0.19	0.45	0.65	0.41	0.66	-0.65	0.72		CABO
	TMUS	VZ	DISH	T	LBRDA	CCOI	LBRDK	TIMB	CMCSA	CABO

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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
CMCSA	+ 0.95	LBRDA
CMCSA	+ 0.95	LBRDK
LBRDK	+ 0.9	TMUS
CMCSA	+ 0.9	TMUS
LBRDA	+ 0.89	TMUS

High negative correlations

TIMB	- 0.88	TMUS
CMCSA	- 0.78	TIMB
TIMB	- 0.75	LBRDK
TIMB	- 0.75	LBRDA
TIMB	- 0.74	CCOI
CABO	- 0.65	TIMB

Risk-Adjusted Indicators

There is a big difference between Charter Stock performing well and Charter 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 Charter 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
TMUS	0.95	0.22	0.13	0.48	1.03	(1.03)	1.80	(1.69)	8.79
VZ	0.96	0.10	(0.01)	1.99	1.33	(1.02)	2.16	(2.05)	8.86
DISH	3.42	0.19	(0.01)	(0.09)	4.14	(3.98)	6.90	(6.81)	28.09
T	0.92	0.28	0.14	24.43	0.85	(1.04)	2.56	(1.72)	6.47
LBRDA	2.17	0.47	0.27	0.44	1.49	(2.72)	4.70	(3.19)	33.07
CCOI	1.31	0.14	0.06	0.35	1.37	(1.45)	2.94	(2.58)	7.76
LBRDK	2.13	0.44	0.27	0.43	1.51	(2.82)	4.96	(3.20)	30.97
TIMB	1.20	(0.25)	0.00	(0.80)	0.00	0.00	2.43	(2.76)	8.48
CMCSA	1.03	0.05	0.03	0.17	1.10	(1.16)	2.52	(2.10)	8.17
CABO	2.07	0.15	0.09	0.20	2.34	(2.25)	4.42	(4.54)	18.76

Charter Communications Corporate Executives

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

Christopher Winfrey

CFO and Executive VP

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