Liberty Broadband Correlations

LBRDK Stock

USD 76.50 0.65 0.86%

The current 90-days correlation between Liberty Broadband Srs and Cable One is 0.59 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Liberty Broadband moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Liberty Broadband Srs moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Liberty Broadband Correlation With Market

Average diversification

The correlation between Liberty Broadband Srs and DJI is 0.1 (i.e., Average 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

0.68	WLYB	John Wiley Sons	Pair Corr
0.67	BATRA	Atlanta Braves Holdings,	Pair Corr
0.74	BATRK	Atlanta Braves Holdings,	Pair Corr
0.65	ADV	Advantage Solutions	Pair Corr
0.76	BOC	Boston Omaha Corp	Pair Corr
0.61	CCO	Clear Channel Outdoor	Pair Corr
0.78	IAS	Integral Ad Science	Pair Corr
0.66	LEE	Lee Enterprises	Pair Corr

Moving against Liberty Stock

0.55	WIMI	WiMi Hologram Cloud	Pair Corr
0.63	EDR	Endeavor Group Holdings	Pair Corr
0.49	CTV	Innovid Corp	Pair Corr
0.4	LVO	LiveOne	Pair Corr
0.59	TKO	TKO Group Holdings,	Pair Corr
0.49	MMV	MultiMetaVerse Holdings	Pair Corr

Related Correlations Analysis

	CABO	LBRDP	TLK	LBTYA	SKM	TIMB	PHI	LBRDA	CCOI	CHTR
CABO		-0.35	-0.31	0.6	0.31	-0.03	-0.46	0.6	0.32	0.9	CABO
LBRDP	-0.35		-0.56	0.24	-0.8	-0.82	-0.44	-0.66	-0.83	-0.29	LBRDP
TLK	-0.31	-0.56		-0.51	0.55	0.77	0.92	0.04	0.64	-0.43	TLK
LBTYA	0.6	0.24	-0.51		-0.06	-0.56	-0.67	-0.19	-0.22	0.5	LBTYA
SKM	0.31	-0.8	0.55	-0.06		0.69	0.45	0.46	0.82	0.22	SKM
TIMB	-0.03	-0.82	0.77	-0.56	0.69		0.77	0.47	0.78	-0.11	TIMB
PHI	-0.46	-0.44	0.92	-0.67	0.45	0.77		0.0	0.52	-0.55	PHI
LBRDA	0.6	-0.66	0.04	-0.19	0.46	0.47	0.0		0.56	0.72	LBRDA
CCOI	0.32	-0.83	0.64	-0.22	0.82	0.78	0.52	0.56		0.16	CCOI
CHTR	0.9	-0.29	-0.43	0.5	0.22	-0.11	-0.55	0.72	0.16		CHTR
	CABO	LBRDP	TLK	LBTYA	SKM	TIMB	PHI	LBRDA	CCOI	CHTR

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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

PHI	+ 0.92	TLK
CHTR	+ 0.9	CABO
CCOI	+ 0.82	SKM
CCOI	+ 0.78	TIMB
TIMB	+ 0.77	TLK
PHI	+ 0.77	TIMB

High negative correlations

CCOI	- 0.83	LBRDP
TIMB	- 0.82	LBRDP
SKM	- 0.8	LBRDP
PHI	- 0.67	LBTYA
LBRDA	- 0.66	LBRDP
TIMB	- 0.56	LBTYA

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
CABO	1.94	0.00	0.00	0.00	2.64	(2.14)	4.10	(4.95)	19.02
LBRDP	0.50	0.09	0.15	(0.50)	0.46	(0.61)	1.04	(0.95)	4.58
TLK	1.53	(0.22)	0.00	(0.42)	0.00	0.00	3.10	(3.55)	10.63
LBTYA	1.62	0.17	0.09	0.59	1.74	(1.97)	3.75	(2.92)	16.38
SKM	0.92	(0.12)	0.00	(0.84)	0.00	0.00	2.11	(1.72)	6.54
TIMB	1.52	(0.32)	0.00	(2.84)	0.00	0.00	2.15	(4.15)	8.88
PHI	1.08	(0.24)	0.00	(0.78)	0.00	0.00	1.53	(2.63)	6.56
LBRDA	1.69	(0.04)	0.00	(0.11)	0.00	0.00	3.55	(3.86)	21.18
CCOI	1.19	(0.14)	0.00	(0.28)	0.00	0.00	2.47	(3.04)	8.16
CHTR	1.72	0.12	0.05	0.42	2.21	(2.02)	3.63	(3.44)	21.07

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

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