Liberty Broadband Correlations

Preferred Stocks . USA . 
Preferred Stock . Liberty Broadband Corp
LBRDP Preferred Stock  USD 24.78  0.29  1.16%   
The current 90-days correlation between Liberty Broadband Corp and Mesa Air Group is -0.24 (i.e., Very good 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Liberty Broadband Correlation With Market

Modest diversification

The correlation between Liberty Broadband Corp and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Liberty Broadband Corp and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Liberty Broadband could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Liberty Broadband when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Liberty Broadband - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Liberty Broadband Corp to buy it.

Moving together with Liberty Preferred Stock

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  0.71TEF Telefonica SA ADRPairCorr
  0.76TLK Telkom Indonesia TbkPairCorr
  0.76UCL Ucloudlink GroupPairCorr
  0.83LILAK Liberty Latin AmericaPairCorr
  0.91VIV Telefonica BrasilPairCorr
  0.81VOD Vodafone Group PLC Earnings Call This WeekPairCorr
  0.87GOGO Gogo IncPairCorr
  0.85GSAT Globalstar, Common StockPairCorr
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  0.89IRDM Iridium Communications Earnings Call This WeekPairCorr
  0.66TDS-PV Telephone and DataPairCorr
  0.8LILA Liberty Latin AmericaPairCorr
  0.77LUMN Lumen TechnologiesPairCorr
  0.75CMCSA Comcast CorpPairCorr
  0.75PCLA PicoCELA AmericanPairCorr
  0.62LBRDA Liberty Broadband SrsPairCorr

Moving against Liberty Preferred Stock

  0.7TEO Telecom ArgentinaPairCorr
  0.58PHI PLDT Inc ADRPairCorr
  0.62WOW WideOpenWestPairCorr
  0.48IOTR iOThree Limited OrdinaryPairCorr
  0.84ATEX AnterixPairCorr

Related Correlations Analysis

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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   
VALN
+ 0.77
MESA
DKL
+ 0.74
SNCY
DKL
+ 0.71
INBX
DKL
+ 0.59
APGE
SNCY
+ 0.58
INBX
KODK
+ 0.45
INBX
  
High negative correlations   
DKL
- 0.74
VALN
APGE
- 0.67
VALN
SNCY
- 0.54
VALN
DKL
- 0.54
MESA
APGE
- 0.54
MESA
SNCY
- 0.51
MESA

Risk-Adjusted Indicators

There is a big difference between Liberty Preferred 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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Liberty Broadband without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Liberty Broadband Corporate Management

Ben OrenEx TreasurerProfile
Albert RosenthalerChief OfficerProfile
Christopher SheanAdvisorProfile
Gregory MaffeiPres CEOProfile
Renee JDChief OfficerProfile
Brian WendlingChief OfficerProfile
Katherine JewellAssistant SecProfile
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