Liberty Broadband Correlations

LBRDA Stock

USD 85.90 0.97 1.12%

The current 90-days correlation between Liberty Broadband Srs and Gfl Environmental Holdings is 0.02 (i.e., Significant diversification). The correlation of Liberty Broadband 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.

Liberty Broadband Correlation With Market

Modest diversification

The correlation between Liberty Broadband Srs and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Liberty Broadband Srs and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Liberty Broadband Srs. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with Liberty Stock

0.84	SE	Sea	Pair Corr
0.67	TV	Grupo Televisa SAB	Pair Corr
0.71	BOC	Boston Omaha Corp	Pair Corr
0.61	CHR	Cheer Holding	Pair Corr
0.66	CNK	Cinemark Holdings	Pair Corr
0.85	FOXA	Fox Corp Class	Pair Corr
0.7	DIS	Walt Disney Aggressive Push	Pair Corr
0.84	EDR	Endeavor Group Holdings	Pair Corr
0.9	EVC	Entravision Communications	Pair Corr
0.81	FOX	Fox Corp Class	Pair Corr
0.84	LEE	Lee Enterprises	Pair Corr
0.91	LYV	Live Nation Entertainment	Pair Corr
0.87	MCS	Marcus	Pair Corr
0.61	NWS	News Corp B	Pair Corr

Moving against Liberty Stock

0.82	HAO	Haoxi Health Technology	Pair Corr
0.72	AMC	AMC Entertainment	Pair Corr
0.7	ADD	Color Star Technology Downward Rally	Pair Corr
0.67	ADV	Advantage Solutions	Pair Corr
0.65	DLPN	Dolphin Entertainment	Pair Corr
0.65	EEX	Emerald Expositions	Pair Corr
0.6	BATRA	Atlanta Braves Holdings,	Pair Corr
0.48	BATRK	Atlanta Braves Holdings,	Pair Corr
0.81	HOFV	Hall of Fame	Pair Corr
0.8	LVO	LiveOne	Pair Corr
0.8	RDI	Reading International	Pair Corr
0.75	MMV	MultiMetaVerse Holdings	Pair Corr
0.75	UONEK	Urban One Class	Pair Corr
0.62	IPG	Interpublic Group	Pair Corr
0.59	SGA	Saga Communications	Pair Corr
0.42	LILAK	Liberty Latin America	Pair Corr

Related Correlations Analysis

	SCRYX	FTLF	MURIX	GFL	SVII	VLSMX	GFI	KNF	AMYZF	FPCG
SCRYX		-0.05	0.27	0.6	0.61	0.73	0.16	0.73	-0.63	0.0	SCRYX
FTLF	-0.05		0.38	-0.19	-0.09	-0.01	-0.57	-0.29	0.39	0.0	FTLF
MURIX	0.27	0.38		-0.18	-0.21	0.44	-0.12	-0.03	0.3	0.0	MURIX
GFL	0.6	-0.19	-0.18		0.4	0.14	-0.12	0.31	-0.32	0.0	GFL
SVII	0.61	-0.09	-0.21	0.4		0.5	0.39	0.73	-0.76	0.0	SVII
VLSMX	0.73	-0.01	0.44	0.14	0.5		0.38	0.72	-0.53	0.0	VLSMX
GFI	0.16	-0.57	-0.12	-0.12	0.39	0.38		0.49	-0.53	0.0	GFI
KNF	0.73	-0.29	-0.03	0.31	0.73	0.72	0.49		-0.86	0.0	KNF
AMYZF	-0.63	0.39	0.3	-0.32	-0.76	-0.53	-0.53	-0.86		0.0	AMYZF
FPCG	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		FPCG
	SCRYX	FTLF	MURIX	GFL	SVII	VLSMX	GFI	KNF	AMYZF	FPCG

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

VLSMX	+ 0.73	SCRYX
KNF	+ 0.73	SCRYX
KNF	+ 0.73	SVII
KNF	+ 0.72	VLSMX
SVII	+ 0.61	SCRYX
GFL	+ 0.6	SCRYX

High negative correlations

AMYZF	- 0.86	KNF
AMYZF	- 0.76	SVII
AMYZF	- 0.63	SCRYX
GFI	- 0.57	FTLF
AMYZF	- 0.53	GFI
AMYZF	- 0.53	VLSMX

Risk-Adjusted Indicators

There is a big difference between Liberty Stock performing well and Liberty Broadband 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 Liberty Broadband'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
SCRYX	0.97	0.09	0.01	0.99	0.96	(1.10)	2.39	(1.69)	7.88
FTLF	1.21	(0.01)	(0.01)	0.07	2.00	(1.24)	3.21	(2.29)	14.26
MURIX	0.39	(0.01)	0.00	0.21	0.00	0.00	0.80	(0.93)	3.44
GFL	1.23	0.05	0.02	0.15	1.36	(1.32)	2.97	(2.29)	7.37
SVII	0.20	(0.02)	(0.11)	0.00	0.39	(0.32)	0.44	(0.53)	4.77
VLSMX	0.36	(0.03)	(0.14)	0.03	0.44	(0.38)	0.77	(0.76)	2.22
GFI	2.21	(0.15)	0.00	1.25	0.00	0.00	4.52	(5.41)	14.93
KNF	1.58	0.26	0.15	0.22	1.88	(1.66)	4.01	(2.46)	12.96
AMYZF	3.86	(0.16)	0.00	1.86	0.00	0.00	7.41	(8.75)	21.04
FPCG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Liberty Broadband Corporate Management

Ben Oren	Executive Treasurer	Profile
Albert Rosenthaler	Chief Tax Officer	Profile
Renee JD	Chief Officer	Profile
Brian Wendling	Principal Financial Officer	Profile
Katherine Jewell	Assistant Sec	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC