Consolidated Communications Correlations

Summary

CNSLDelisted Stock

USD 4.72 0.02 0.43%

The current 90-days correlation between Consolidated Communications and Liberty Broadband Srs is -0.06 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Consolidated Communications moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Consolidated Communications moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Consolidated Communications Correlation With Market

Significant diversification

The correlation between Consolidated Communications and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Consolidated Communications and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Consolidated Stock

0.63	AXP	American Express	Pair Corr
0.71	MMM	3M Company	Pair Corr
0.65	JPM	JPMorgan Chase	Pair Corr

Moving against Consolidated Stock

0.62	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.59	HPQ	HP Inc	Pair Corr
0.57	AA	Alcoa Corp	Pair Corr
0.51	INTC	Intel	Pair Corr
0.43	TRV	The Travelers Companies	Pair Corr
0.39	KO	Coca Cola Earnings Call This Week	Pair Corr
0.39	JNJ	Johnson Johnson	Pair Corr
0.33	GLUC	Glucose Health	Pair Corr

Related Correlations Analysis

	LBRDK	CABO	LBRDP	TLK	LBTYA	SHEN	ATEX	OOMA	IDT	ATNI
LBRDK		0.62	-0.7	0.3	-0.25	0.49	0.75	-0.27	0.51	0.46	LBRDK
CABO	0.62		-0.68	0.06	0.51	0.5	0.77	0.26	0.81	0.22	CABO
LBRDP	-0.7	-0.68		-0.45	0.0	-0.8	-0.91	0.26	-0.58	-0.7	LBRDP
TLK	0.3	0.06	-0.45		-0.24	0.55	0.45	-0.3	0.09	0.68	TLK
LBTYA	-0.25	0.51	0.0	-0.24		-0.09	0.11	0.76	0.5	-0.32	LBTYA
SHEN	0.49	0.5	-0.8	0.55	-0.09		0.76	-0.31	0.3	0.75	SHEN
ATEX	0.75	0.77	-0.91	0.45	0.11	0.76		-0.03	0.71	0.58	ATEX
OOMA	-0.27	0.26	0.26	-0.3	0.76	-0.31	-0.03		0.52	-0.54	OOMA
IDT	0.51	0.81	-0.58	0.09	0.5	0.3	0.71	0.52		0.12	IDT
ATNI	0.46	0.22	-0.7	0.68	-0.32	0.75	0.58	-0.54	0.12		ATNI
	LBRDK	CABO	LBRDP	TLK	LBTYA	SHEN	ATEX	OOMA	IDT	ATNI

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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

IDT	+ 0.81	CABO
ATEX	+ 0.77	CABO
OOMA	+ 0.76	LBTYA
ATEX	+ 0.76	SHEN
ATEX	+ 0.75	LBRDK
ATNI	+ 0.75	SHEN

High negative correlations

ATEX	- 0.91	LBRDP
SHEN	- 0.8	LBRDP
ATNI	- 0.7	LBRDP
LBRDP	- 0.7	LBRDK
LBRDP	- 0.68	CABO
IDT	- 0.58	LBRDP

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
LBRDK	1.77	(0.10)	0.00	(0.17)	0.00	0.00	2.75	(4.36)	20.75
CABO	1.98	(0.18)	0.00	(0.32)	0.00	0.00	4.12	(4.95)	19.02
LBRDP	0.57	0.11	0.05	(1.28)	0.59	(0.70)	1.20	(0.95)	6.54
TLK	1.56	(0.24)	0.00	(0.43)	0.00	0.00	3.10	(3.19)	10.63
LBTYA	1.60	0.11	0.03	0.46	1.75	(1.96)	3.75	(2.92)	16.38
SHEN	2.13	(0.46)	0.00	(1.15)	0.00	0.00	3.28	(4.79)	25.16
ATEX	1.61	(0.25)	0.00	(0.23)	0.00	0.00	2.95	(3.21)	14.57
OOMA	1.64	0.25	0.10	0.75	1.89	(1.86)	4.06	(3.37)	11.74
IDT	1.26	0.02	(0.02)	0.12	1.46	(1.44)	2.28	(2.44)	11.54
ATNI	2.43	(0.99)	0.00	(0.90)	0.00	0.00	3.00	(6.10)	29.40

View Consolidated Communications Related Equities

Liberty Broadband Srs Cable One Liberty Broadband Corp Telkom Indonesia Tbk Liberty Global PLC Shenandoah Telecommunications Co Anterix Ooma Inc IDT Corporation ATN International Radius Global Infrastructure KT Corporation SK Telecom Co TIM Participacoes SA PLDT Inc ADR

Risk & Return

Correlation

Consolidated Communications Corporate Management

David Koehl	Chief Officer	Profile
Garrett Osdell	General Officer	Profile
Garrett JD	General Officer	Profile
Gabe Waggoner	Executive Operations	Profile

Still Interested in Consolidated Communications?

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