Correlation Analysis Between ATT and Liberty Broadband

This module allows you to analyze existing cross correlation between ATT and Liberty Broadband Corporation. You can compare the effects of market volatilities on ATT and Liberty Broadband and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in ATT with a short position of Liberty Broadband. See also your portfolio center. Please also check ongoing floating volatility patterns of ATT and Liberty Broadband.
Horizon     30 Days    Login   to change
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Comparative Performance

ATT  
1616

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in ATT are ranked lower than 16 (%) of all global equities and portfolios over the last 30 days. In spite of comparatively weak essential indicators, ATT unveiled solid returns over the last few months and may actually be approaching a breakup point.
Liberty Broadband  
77

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Liberty Broadband Corporation are ranked lower than 7 (%) of all global equities and portfolios over the last 30 days. Regardless of fairly uncertain technical and fundamental indicators, Liberty Broadband may actually be approaching a critical reversion point that can send shares even higher in October 2019.

ATT and Liberty Broadband Volatility Contrast

 Predicted Return Density 
      Returns 

ATT Inc  vs.  Liberty Broadband Corp.

 Performance (%) 
      Timeline 

Pair Volatility

Taking into account the 30 trading days horizon, ATT is expected to generate 1.05 times more return on investment than Liberty Broadband. However, ATT is 1.05 times more volatile than Liberty Broadband Corporation. It trades about 0.24 of its potential returns per unit of risk. Liberty Broadband Corporation is currently generating about 0.11 per unit of risk. If you would invest  3,182  in ATT on August 16, 2019 and sell it today you would earn a total of  562.00  from holding ATT or generate 17.66% return on investment over 30 days.

Pair Corralation between ATT and Liberty Broadband

0.98
Time Period3 Months [change]
DirectionPositive 
StrengthVery Strong
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for ATT and Liberty Broadband

ATT Inc diversification synergy

Almost no diversification

Overlapping area represents the amount of risk that can be diversified away by holding ATT Inc and Liberty Broadband Corp. in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Liberty Broadband and ATT is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on ATT are associated (or correlated) with Liberty Broadband. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Liberty Broadband has no effect on the direction of ATT i.e. ATT and Liberty Broadband go up and down completely randomly.
See also your portfolio center. Please also try Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.


 
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