Liberty Global Correlations

LBTYA Stock

USD 13.26 0.01 0.08%

The current 90-days correlation between Liberty Global PLC and Liberty Global PLC is -0.48 (i.e., Very good diversification). The correlation of Liberty Global 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 Global Correlation With Market

Average diversification

The correlation between Liberty Global PLC and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Liberty Global PLC 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 Global PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with Liberty Stock

0.67	T	ATT Inc Aggressive Push	Pair Corr
0.73	TEO	Telecom Argentina	Pair Corr
0.76	Z	Zillow Group Class	Pair Corr

Moving against Liberty Stock

0.68	IHS	IHS Holding	Pair Corr
0.65	KORE	KORE Group Holdings	Pair Corr
0.63	LILA	Liberty Latin America	Pair Corr
0.6	AMX	America Movil SAB	Pair Corr
0.58	BCE	BCE Inc	Pair Corr
0.58	PHI	PLDT Inc ADR	Pair Corr
0.55	RCI	Rogers Communications	Pair Corr
0.5	VOD	Vodafone Group PLC	Pair Corr
0.49	TLK	Telkom Indonesia Tbk	Pair Corr
0.32	SKM	SK Telecom	Pair Corr
0.77	DRCT	Direct Digital Holdings	Pair Corr
0.65	LBTYB	Liberty Global PLC	Pair Corr
0.52	DLPN	Dolphin Entertainment	Pair Corr
0.5	LBTYK	Liberty Global PLC	Pair Corr
0.48	SHEN	Shenandoah Telecommunicatio	Pair Corr
0.48	TC	TuanChe ADR	Pair Corr
0.45	GDEVW	Nexters Warrant	Pair Corr
0.39	DOYU	DouYu International	Pair Corr
0.33	ATEX	Anterix	Pair Corr

Related Correlations Analysis

	LBTYB	LILAK	LILA	LBRDK	LBTYK	LBRDA	SHEN	KT	SNGNF	PTNRY
LBTYB		0.81	0.82	-0.19	0.74	-0.19	0.35	0.1	0.31	0.0	LBTYB
LILAK	0.81		1.0	-0.42	0.93	-0.42	0.55	-0.03	0.18	0.0	LILAK
LILA	0.82	1.0		-0.39	0.94	-0.38	0.53	0.0	0.21	0.0	LILA
LBRDK	-0.19	-0.42	-0.39		-0.42	1.0	-0.61	0.54	0.09	0.0	LBRDK
LBTYK	0.74	0.93	0.94	-0.42		-0.41	0.44	0.01	0.3	0.0	LBTYK
LBRDA	-0.19	-0.42	-0.38	1.0	-0.41		-0.61	0.55	0.1	0.0	LBRDA
SHEN	0.35	0.55	0.53	-0.61	0.44	-0.61		-0.05	0.03	0.0	SHEN
KT	0.1	-0.03	0.0	0.54	0.01	0.55	-0.05		0.2	0.0	KT
SNGNF	0.31	0.18	0.21	0.09	0.3	0.1	0.03	0.2		0.0	SNGNF
PTNRY	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		PTNRY
	LBTYB	LILAK	LILA	LBRDK	LBTYK	LBRDA	SHEN	KT	SNGNF	PTNRY

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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

LILA	+ 1.0	LILAK
LBRDA	+ 1.0	LBRDK
LBTYK	+ 0.94	LILA
LBTYK	+ 0.93	LILAK
LILA	+ 0.82	LBTYB
LILAK	+ 0.81	LBTYB

High negative correlations

SHEN	- 0.61	LBRDA
SHEN	- 0.61	LBRDK
LBTYK	- 0.42	LBRDK
LBRDA	- 0.42	LILAK
LBRDK	- 0.42	LILAK
LBRDA	- 0.41	LBTYK

Risk-Adjusted Indicators

There is a big difference between Liberty Stock performing well and Liberty Global 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 Global'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
LBTYB	2.12	(0.31)	0.00	7.24	0.00	0.00	4.93	(3.89)	48.50
LILAK	1.93	(0.49)	0.00	(0.40)	0.00	0.00	3.27	(5.11)	26.66
LILA	1.92	(0.47)	0.00	(0.36)	0.00	0.00	2.94	(5.04)	26.76
LBRDK	2.14	0.46	0.27	0.38	1.53	(2.81)	4.96	(3.20)	30.97
LBTYK	2.13	(0.27)	0.00	0.80	0.00	0.00	3.97	(2.05)	51.28
LBRDA	2.19	0.48	0.28	0.39	1.52	(2.71)	4.70	(3.19)	33.07
SHEN	2.43	(0.19)	0.00	(0.07)	0.00	0.00	4.91	(3.94)	25.16
KT	1.22	0.14	0.05	0.42	1.64	(1.35)	3.58	(2.09)	11.99
SNGNF	1.14	0.13	(0.01)	(0.05)	2.08	(4.26)	4.55	(3.88)	21.20
PTNRY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Liberty Global Corporate Management

Andrea Salvato	Executive Officer	Profile
Monika NowakToporowicz	Chief Slovakia	Profile
Eric Lennon	Managing Integration	Profile
Andr Krause	Chief Business	Profile
John Paul	Managing Data	Profile
Grace Ho	Equity Diversity	Profile

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