CHTR (CHTR)
Daily ERM3 factor decomposition: how much of CHTR's variance is explained by the market, its sector, and its subsector — and the ETF notionals that would neutralize each layer.
- Price
- $131.61
- Market cap
- $16.2B
- 23-day vol
- 49.8%
- Sector proxy
- XLC
- Subsector proxy
- VOX
Risk DNA
19% of CHTR's variance is systematic (explainable by market, sector, and subsector factors); the rest is stock-specific.
Market 0.0%Sector 14.5%Subsector 4.4%Stock-specific 81.0%
ETF hedge ratios
Dollars of ETF to short per $1 of CHTR held — executable hedge weights, not regression betas. L1 hedges market only; L3 adds sector and subsector layers.
| Level | Market (SPY) | Sector (XLC) | Subsector (VOX) | Explained risk |
|---|---|---|---|---|
| L1 | $-0.10 | — | — | -0.4% |
| L2 | $0.96 | $-1.48 | — | 14.2% |
| L3 | $0.51 | $-2.48 | $1.22 | 18.6% |
Data as of July 28, 2026. Updated daily from the ERM3 pipeline.
Go deeper on CHTR
Ask the AI risk analyst for CHTR's full history, peer comparison, or how it changes your portfolio's risk.