Charter Communications Correlations

CHTR Stock

USD 203.10 1.70 0.83%

The current 90-days correlation between Charter Communications and Vodafone Group PLC is 0.17 (i.e., Average diversification). The correlation of Charter Communications 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Charter Communications Correlation With Market

Very weak diversification

The correlation between Charter Communications and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Charter Communications and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Charter Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Charter Communications. 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.

To learn how to invest in Charter Stock, please use our How to Invest in Charter Communications guide.

Moving together with Charter Stock

0.78

CMCSA

Comcast Corp

Pair Corr

Moving against Charter Stock

0.84	BKRKF	PT Bank Rakyat	Pair Corr
0.78	PTAIY	Astra International Tbk	Pair Corr
0.67	TLK	Telkom Indonesia Tbk	Pair Corr
0.66	EC	Ecopetrol SA ADR	Pair Corr
0.65	FET	Forum Energy Technologies Earnings Call This Week	Pair Corr
0.61	BK	Bank of New York	Pair Corr
0.53	NEE	Nextera Energy	Pair Corr
0.5	GEBHF	Genting Berhad	Pair Corr
0.45	CGUD	Com GuardCom	Pair Corr
0.43	CVI	CVR Energy	Pair Corr
0.39	PATH	Uipath Inc	Pair Corr
0.37	PBCRF	PT Bank Central	Pair Corr
0.36	GS	Goldman Sachs Group	Pair Corr
0.33	DAR	Darling Ingredients	Pair Corr

Related Correlations Analysis

	VOD	CHT	TEF	RCI	FOXA	TLK	LBRDA	TU
VOD		0.05	0.0	0.35	0.21	0.53	-0.41	0.0	VOD
CHT	0.05		0.64	-0.66	-0.53	-0.15	0.66	0.72	CHT
TEF	0.0	0.64		-0.34	-0.79	-0.44	0.67	0.74	TEF
RCI	0.35	-0.66	-0.34		0.32	0.4	-0.74	-0.73	RCI
FOXA	0.21	-0.53	-0.79	0.32		0.55	-0.62	-0.54	FOXA
TLK	0.53	-0.15	-0.44	0.4	0.55		-0.68	-0.32	TLK
LBRDA	-0.41	0.66	0.67	-0.74	-0.62	-0.68		0.71	LBRDA
TU	0.0	0.72	0.74	-0.73	-0.54	-0.32	0.71		TU
	VOD	CHT	TEF	RCI	FOXA	TLK	LBRDA	TU

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

TU	+ 0.74	TEF
TU	+ 0.72	CHT
TU	+ 0.71	LBRDA
LBRDA	+ 0.67	TEF
LBRDA	+ 0.66	CHT
TEF	+ 0.64	CHT

High negative correlations

FOXA	- 0.79	TEF
LBRDA	- 0.74	RCI
TU	- 0.73	RCI
LBRDA	- 0.68	TLK
RCI	- 0.66	CHT
LBRDA	- 0.62	FOXA

Risk-Adjusted Indicators

There is a big difference between Charter Stock performing well and Charter Communications 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 Charter Communications' 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
VOD	1.02	0.04	0.02	0.13	1.35	(1.15)	2.00	(2.01)	10.66
CHT	0.54	(0.11)	0.00	(0.66)	0.00	0.00	1.05	(1.10)	2.89
TEF	1.25	(0.44)	0.00	(1.12)	0.00	0.00	1.92	(2.05)	15.42
RCI	0.89	0.14	0.07	1.54	0.97	(0.99)	1.86	(1.74)	5.55
FOXA	1.33	0.14	0.07	0.23	1.71	(1.32)	2.97	(2.35)	9.63
TLK	1.43	0.02	0.00	0.10	1.58	(1.55)	3.06	(2.42)	11.09
LBRDA	1.45	(0.46)	0.00	(0.27)	0.00	0.00	2.82	(3.83)	8.47
TU	0.59	(0.18)	0.00	(2.37)	0.00	0.00	1.06	(1.58)	3.46

Charter Communications Corporate Management

Jamal JD	General VP	Profile
Cameron Blanchard	Executive Communications	Profile
Sharon Peters	Executive Officer	Profile
Jeffrey Murphy	Senior Development	Profile
Jessica Fischer	Chief Officer	Profile
Justin Colwell	Executive Technology	Profile
Jay Carlson	VP Officer	Profile

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