Liberty Latin Correlations

LILAK Stock

USD 6.97 0.01 0.14%

The current 90-days correlation between Liberty Latin America and Liberty Global PLC is 0.25 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Liberty Latin moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Liberty Latin America moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Liberty Latin Correlation With Market

Modest diversification

The correlation between Liberty Latin America and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Liberty Latin America 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 Latin America. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Liberty Stock

0.63	GTN	Gray Television	Pair Corr
0.7	IPG	Interpublic Group	Pair Corr

Moving against Liberty Stock

0.79	FOX	Fox Corp Class	Pair Corr
0.76	CNK	Cinemark Holdings	Pair Corr
0.75	FOXA	Fox Corp Class	Pair Corr
0.75	DIS	Walt Disney Aggressive Push	Pair Corr
0.57	EVC	Entravision Communications	Pair Corr
0.54	ANGHW	Anghami Warrants	Pair Corr
0.46	SE	Sea	Pair Corr
0.8	NWS	News Corp B	Pair Corr
0.76	WBD	Warner Bros Discovery Aggressive Push	Pair Corr
0.67	MCS	Marcus	Pair Corr
0.67	PSO	Pearson PLC ADR	Pair Corr
0.66	IMAX	Imax Corp	Pair Corr
0.64	IHRT	iHeartMedia Class	Pair Corr
0.58	LYV	Live Nation Entertainment	Pair Corr
0.54	LLYVA	Liberty Media	Pair Corr

Related Correlations Analysis

	LBTYK	LBTYA	LBRDA	SHEN	LBTYB	LILA	LBRDK	CABO	LBRDP	TLK
LBTYK		-0.5	-0.41	0.44	0.74	0.94	-0.42	-0.78	0.07	0.71	LBTYK
LBTYA	-0.5		0.5	-0.48	-0.65	-0.63	0.49	0.52	0.5	-0.49	LBTYA
LBRDA	-0.41	0.5		-0.61	-0.19	-0.38	1.0	0.64	0.49	-0.77	LBRDA
SHEN	0.44	-0.48	-0.61		0.35	0.53	-0.61	-0.33	-0.3	0.63	SHEN
LBTYB	0.74	-0.65	-0.19	0.35		0.82	-0.19	-0.59	0.1	0.62	LBTYB
LILA	0.94	-0.63	-0.38	0.53	0.82		-0.39	-0.71	-0.02	0.69	LILA
LBRDK	-0.42	0.49	1.0	-0.61	-0.19	-0.39		0.65	0.48	-0.77	LBRDK
CABO	-0.78	0.52	0.64	-0.33	-0.59	-0.71	0.65		0.03	-0.74	CABO
LBRDP	0.07	0.5	0.49	-0.3	0.1	-0.02	0.48	0.03		-0.07	LBRDP
TLK	0.71	-0.49	-0.77	0.63	0.62	0.69	-0.77	-0.74	-0.07		TLK
	LBTYK	LBTYA	LBRDA	SHEN	LBTYB	LILA	LBRDK	CABO	LBRDP	TLK

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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

LBRDK	+ 1.0	LBRDA
LILA	+ 0.94	LBTYK
LILA	+ 0.82	LBTYB
LBTYB	+ 0.74	LBTYK
TLK	+ 0.71	LBTYK
TLK	+ 0.69	LILA

High negative correlations

CABO	- 0.78	LBTYK
TLK	- 0.77	LBRDK
TLK	- 0.77	LBRDA
TLK	- 0.74	CABO
CABO	- 0.71	LILA
LBTYB	- 0.65	LBTYA

Risk-Adjusted Indicators

There is a big difference between Liberty Stock performing well and Liberty Latin 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 Latin'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
LBTYK	2.13	(0.27)	0.00	0.80	0.00	0.00	3.97	(2.05)	51.28
LBTYA	1.48	0.46	0.34	1.45	0.82	(2.05)	4.03	(1.94)	13.27
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
LBTYB	2.12	(0.31)	0.00	7.24	0.00	0.00	4.93	(3.89)	48.50
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
CABO	2.09	0.08	0.06	0.13	2.50	(2.22)	4.42	(4.54)	18.76
LBRDP	0.47	0.06	(0.04)	9.44	0.55	(0.54)	1.18	(1.07)	3.58
TLK	1.25	(0.24)	0.00	(1.08)	0.00	0.00	2.61	(3.19)	6.73

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