Correlation Between Cable One and GCI Liberty,
Can any of the company-specific risk be diversified away by investing in both Cable One and GCI Liberty, at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Cable One and GCI Liberty, into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Cable One and GCI Liberty, , you can compare the effects of market volatilities on Cable One and GCI Liberty, 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 Cable One with a short position of GCI Liberty,. Check out your portfolio center. Please also check ongoing floating volatility patterns of Cable One and GCI Liberty,.
Diversification Opportunities for Cable One and GCI Liberty,
0.54 | Correlation Coefficient |
Very weak diversification
The 3 months correlation between Cable and GCI is 0.54. Overlapping area represents the amount of risk that can be diversified away by holding Cable One and GCI Liberty, in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on GCI Liberty, and Cable One 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 Cable One are associated (or correlated) with GCI Liberty,. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of GCI Liberty, has no effect on the direction of Cable One i.e., Cable One and GCI Liberty, go up and down completely randomly.
Pair Corralation between Cable One and GCI Liberty,
Given the investment horizon of 90 days Cable One is expected to generate 2.14 times more return on investment than GCI Liberty,. However, Cable One is 2.14 times more volatile than GCI Liberty, . It trades about 0.05 of its potential returns per unit of risk. GCI Liberty, is currently generating about 0.02 per unit of risk. If you would invest 15,000 in Cable One on July 22, 2025 and sell it today you would earn a total of 1,395 from holding Cable One or generate 9.3% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Cable One vs. GCI Liberty,
Performance |
| Timeline |
| Cable One |
| GCI Liberty, |
Cable One and GCI Liberty, Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Cable One and GCI Liberty,
The main advantage of trading using opposite Cable One and GCI Liberty, positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Cable One position performs unexpectedly, GCI Liberty, can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in GCI Liberty, will offset losses from the drop in GCI Liberty,'s long position.| Cable One vs. GCI Liberty, | Cable One vs. Altice USA | Cable One vs. Getty Images Holdings | Cable One vs. Shenandoah Telecommunications Co |
| GCI Liberty, vs. IDT Corporation | GCI Liberty, vs. Cable One | GCI Liberty, vs. Altice USA | GCI Liberty, vs. Criteo Sa |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Other Complementary Tools
| CEOs Directory Screen CEOs from public companies around the world | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets |