Comcast Correlations
| CTP2 Stock | EUR 26.59 0.24 0.89% |
The current 90-days correlation between Comcast and PT Bank Central is 0.09 (i.e., Significant diversification). The correlation of Comcast 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 Correlation With Market
Poor diversification
The correlation between Comcast and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Comcast and DJI in the same portfolio, assuming nothing else is changed.
Comcast |
The ability to find closely correlated positions to Comcast could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Comcast 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 Comcast - 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 Comcast to buy it.
Moving together with Comcast Stock
| 0.67 | SKNB | Skanska AB | PairCorr |
| 0.67 | SII | Wheaton Precious Metals | PairCorr |
| 0.71 | HKT | HK Electric Investments | PairCorr |
| 0.78 | 3RB | RECKITT BENCK GRP | PairCorr |
| 0.7 | CVC1 | Carnival plc | PairCorr |
| 0.64 | 7GA | Gestamp Automoción | PairCorr |
| 0.68 | ELG | Elmos Semiconductor | PairCorr |
| 0.75 | 01H | HORIBA | PairCorr |
| 0.71 | HIUC | China Taiping Insurance | PairCorr |
| 0.69 | TWZ | Trican Well Service Earnings Call This Week | PairCorr |
| 0.66 | RATV | Raisio plc | PairCorr |
| 0.86 | PPQ | PPG INDUSTRIES | PairCorr |
| 0.71 | 43C | CACTUS INC CLA | PairCorr |
| 0.82 | SVKB | SANDVIK | PairCorr |
Moving against Comcast Stock
| 0.73 | K9R | KENEDIX OFFICE INV | PairCorr |
| 0.53 | JUA | Japan Real Estate | PairCorr |
| 0.41 | 0S2 | UNITED URBAN INV | PairCorr |
| 0.4 | O2F | ORIX JREIT INC | PairCorr |
| 0.51 | 3HB | Hybrigenics Societe | PairCorr |
| 0.51 | DBPD | Xtrackers ShortDAX | PairCorr |
| 0.47 | 777 | EUROSPORTS GLOBAL LTD | PairCorr |
Related Correlations Analysis
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
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Risk-Adjusted Indicators
There is a big difference between Comcast Stock performing well and Comcast 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'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PQ9 | 4.85 | 0.27 | 0.03 | 0.18 | 5.73 | 17.39 | 40.26 | |||
| PQ90 | 2.75 | 0.22 | 0.03 | (2.15) | 3.82 | 3.57 | 42.92 | |||
| BYRA | 4.14 | 0.38 | 0.04 | (0.35) | 4.34 | 11.11 | 26.67 | |||
| SSUN | 2.60 | 0.79 | 0.27 | 0.91 | 2.28 | 6.04 | 14.94 | |||
| SSU | 2.94 | 0.96 | 0.35 | 1.64 | 2.16 | 7.66 | 15.03 | |||
| SSUN | 2.58 | 0.82 | 0.29 | 0.92 | 2.12 | 6.24 | 13.83 | |||
| SSU | 2.84 | 0.90 | 0.33 | 1.08 | 2.03 | 6.22 | 15.50 | |||
| BZG2 | 2.74 | (0.27) | 0.00 | 1.53 | 0.00 | 7.50 | 20.00 | |||
| TCID | 4.01 | 0.13 | 0.01 | 0.70 | 5.37 | 12.50 | 35.42 | |||
| PTI | 1.49 | (0.02) | (0.02) | 0.00 | 2.48 | 2.81 | 16.77 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Comcast without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Risk-Return AnalysisView associations between returns expected from investment and the risk you assume |
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Comcast Corporate Management
Elected by the shareholders, the Comcast's board of directors comprises two types of representatives: Comcast inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Comcast. The board's role is to monitor Comcast's management team and ensure that shareholders' interests are well served. Comcast's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Comcast's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jennifer Newcomb | Chief Officer | Profile | |
| Jeffrey Shell | Chief NBCUniversal | Profile | |
| Dana Strong | Group Sky | Profile | |
| Robert Eatroff | Executive Strategy | Profile | |
| Adam Miller | Chief NBCUniversal | Profile | |
| Matthew Zelesko | Chief Officer | Profile | |
| Samuel Schwartz | Chief Platforms | Profile |