Correlation Between Liberty Broadband and Keck Seng
Can any of the company-specific risk be diversified away by investing in both Liberty Broadband and Keck Seng 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 Liberty Broadband and Keck Seng into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Liberty Broadband Corp and Keck Seng Investments, you can compare the effects of market volatilities on Liberty Broadband and Keck Seng 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 Liberty Broadband with a short position of Keck Seng. Check out your portfolio center. Please also check ongoing floating volatility patterns of Liberty Broadband and Keck Seng.
Diversification Opportunities for Liberty Broadband and Keck Seng
-0.27 | Correlation Coefficient |
Very good diversification
The 3 months correlation between Liberty and Keck is -0.27. Overlapping area represents the amount of risk that can be diversified away by holding Liberty Broadband Corp and Keck Seng Investments in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Keck Seng Investments and Liberty Broadband 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 Liberty Broadband Corp are associated (or correlated) with Keck Seng. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Keck Seng Investments has no effect on the direction of Liberty Broadband i.e., Liberty Broadband and Keck Seng go up and down completely randomly.
Pair Corralation between Liberty Broadband and Keck Seng
Assuming the 90 days horizon Liberty Broadband Corp is expected to under-perform the Keck Seng. But the preferred stock apears to be less risky and, when comparing its historical volatility, Liberty Broadband Corp is 6.49 times less risky than Keck Seng. The preferred stock trades about -0.01 of its potential returns per unit of risk. The Keck Seng Investments is currently generating about 0.05 of returns per unit of risk over similar time horizon. If you would invest 30.00 in Keck Seng Investments on July 19, 2025 and sell it today you would earn a total of 2.00 from holding Keck Seng Investments or generate 6.67% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 98.44% |
| Values | Daily Returns |
Liberty Broadband Corp vs. Keck Seng Investments
Performance |
| Timeline |
| Liberty Broadband Corp |
| Keck Seng Investments |
Liberty Broadband and Keck Seng Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Liberty Broadband and Keck Seng
The main advantage of trading using opposite Liberty Broadband and Keck Seng positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Liberty Broadband position performs unexpectedly, Keck Seng 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 Keck Seng will offset losses from the drop in Keck Seng's long position.| Liberty Broadband vs. Keck Seng Investments | Liberty Broadband vs. Canaf Investments | Liberty Broadband vs. PennyMac Mortgage Investment | Liberty Broadband vs. Barrick Mining |
| Keck Seng vs. Marriott International | Keck Seng vs. Shangri La Asia Limited | Keck Seng vs. The Intergroup | Keck Seng vs. Huazhu Group |
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 ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
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