Comcast Corp Correlations

CMCSA Stock

USD 28.13 0.46 1.66%

The current 90-days correlation between Comcast Corp and ATT Inc is 0.22 (i.e., Modest diversification). The correlation of Comcast Corp 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.

Comcast Corp Correlation With Market

Weak diversification

The correlation between Comcast Corp and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Comcast Corp and DJI in the same portfolio, assuming nothing else is changed.

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Moving together with Comcast Stock

0.77

CHTR

Charter Communications

Pair Corr

Moving against Comcast Stock

0.71	PBCRY	Bank Central Asia	Pair Corr
0.67	MMM	3M Company	Pair Corr
0.64	CAT	Caterpillar	Pair Corr
0.57	CSCO	Cisco Systems	Pair Corr
0.54	IBM	International Business	Pair Corr
0.53	PPERY	Bank Mandiri Persero	Pair Corr
0.53	DD	Dupont De Nemours	Pair Corr
0.44	BKRKF	PT Bank Rakyat	Pair Corr
0.44	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.36	PTBRY	Bank Negara Indonesia Normal Trading	Pair Corr
0.32	JNJ	Johnson Johnson	Pair Corr

Related Correlations Analysis

	T	AMX	DASH	CHTR	RCI	LBRDA	RELX	VZ
T		0.15	0.29	0.55	-0.23	0.54	0.47	0.52	T
AMX	0.15		-0.51	-0.32	0.62	-0.35	-0.07	-0.17	AMX
DASH	0.29	-0.51		0.89	-0.42	0.9	0.8	-0.13	DASH
CHTR	0.55	-0.32	0.89		-0.5	1.0	0.91	0.01	CHTR
RCI	-0.23	0.62	-0.42	-0.5		-0.51	-0.25	-0.44	RCI
LBRDA	0.54	-0.35	0.9	1.0	-0.51		0.9	0.01	LBRDA
RELX	0.47	-0.07	0.8	0.91	-0.25	0.9		-0.16	RELX
VZ	0.52	-0.17	-0.13	0.01	-0.44	0.01	-0.16		VZ
	T	AMX	DASH	CHTR	RCI	LBRDA	RELX	VZ

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

LBRDA	+ 1.0	CHTR
RELX	+ 0.91	CHTR
LBRDA	+ 0.9	DASH
RELX	+ 0.9	LBRDA
CHTR	+ 0.89	DASH
RELX	+ 0.8	DASH

High negative correlations

LBRDA	- 0.51	RCI
DASH	- 0.51	AMX
RCI	- 0.5	CHTR
VZ	- 0.44	RCI
RCI	- 0.42	DASH
LBRDA	- 0.35	AMX

Risk-Adjusted Indicators

There is a big difference between Comcast Stock performing well and Comcast Corp 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 Comcast Corp'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
T	0.93	(0.17)	0.00	(0.61)	0.00	0.00	1.61	(1.98)	5.75
AMX	0.95	0.02	(0.04)	0.19	1.13	(1.16)	2.47	(1.68)	8.21
DASH	2.20	(0.30)	0.00	(0.16)	0.00	0.00	4.00	(4.60)	21.33
CHTR	1.45	(0.49)	0.00	(0.33)	0.00	0.00	2.91	(3.88)	8.84
RCI	0.88	0.13	0.05	3.69	0.95	(0.97)	1.85	(1.73)	5.62
LBRDA	1.49	(0.47)	0.00	(0.29)	0.00	0.00	2.82	(3.83)	8.47
RELX	0.90	(0.30)	0.00	(1.14)	0.00	0.00	1.37	(2.58)	5.28
VZ	0.93	(0.13)	0.00	(0.32)	0.00	0.00	2.00	(2.81)	5.71

Comcast Corp Corporate Management

Jason Armstrong	Chief Officer	Profile
Jeffrey Shell	Chief NBCUniversal	Profile
Adam Miller	Chief NBCUniversal	Profile
Samuel Schwartz	Chief Platforms	Profile

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