Airtel Africa Correlations
| AAFRF Stock | USD 1.25 0.01 0.81% |
The correlation of Airtel Africa 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.
Airtel Africa Correlation With Market
Average diversification
The correlation between Airtel Africa Plc and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Airtel Africa Plc and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Airtel Africa could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Airtel Africa 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 Airtel Africa - 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 Airtel Africa Plc to buy it.
Moving together with Airtel Pink Sheet
| 0.62 | PTAIY | Astra International Tbk | PairCorr |
| 0.7 | BKRKY | Bank Rakyat | PairCorr |
| 0.74 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.75 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.68 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.79 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.66 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
Moving against Airtel Pink Sheet
| 0.75 | IONQ | IONQ Inc | PairCorr |
| 0.64 | NTTYY | Nippon Telegraph | PairCorr |
| 0.62 | CMCSA | Comcast Corp Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.61 | DTEGF | Deutsche Telekom | PairCorr |
| 0.57 | T | ATT Inc Sell-off Trend | PairCorr |
| 0.57 | NVDA | NVIDIA | PairCorr |
| 0.51 | PTAIF | PT Astra International | PairCorr |
| 0.39 | SSNLF | Samsung Electronics | PairCorr |
| 0.77 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.75 | NDAQ | Nasdaq Inc | PairCorr |
| 0.75 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.7 | DIS | Walt Disney Aggressive Push | PairCorr |
| 0.67 | WMT | Walmart Aggressive Push | PairCorr |
| 0.67 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.62 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.61 | VRT | Vertiv Holdings | PairCorr |
| 0.51 | PYPL | PayPal Holdings Aggressive Push | PairCorr |
| 0.47 | HPQ | HP Inc | PairCorr |
Related Correlations Analysis
| 0.0 | 0.0 | 0.25 | -0.04 | 0.0 | BCPPF | ||
| 0.0 | 1.0 | 0.0 | 0.0 | 1.0 | AXLX | ||
| 0.0 | 1.0 | 0.0 | 0.0 | 1.0 | ALVRQ | ||
| 0.25 | 0.0 | 0.0 | 0.41 | 0.0 | AVIFY | ||
| -0.04 | 0.0 | 0.0 | 0.41 | 0.0 | ARTM | ||
| 0.0 | 1.0 | 1.0 | 0.0 | 0.0 | ASGXF | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Airtel Pink Sheet performing well and Airtel Africa 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 Airtel Africa'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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BCPPF | 0.09 | 0.03 | 0.00 | 0.79 | 0.00 | 0.00 | 2.90 | |||
| AXLX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ALVRQ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AVIFY | 2.49 | 0.28 | 0.04 | 1.58 | 2.71 | 9.48 | 20.20 | |||
| ARTM | 2.13 | 0.09 | 0.00 | 0.61 | 3.31 | 8.03 | 23.60 | |||
| ASGXF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Airtel Africa 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.Did you try this?
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Airtel Africa Corporate Management
| Olusegun Ogunsanya | CEO MD | Profile | |
| Neelesh Singh | Chief Officer | Profile | |
| Pier Falcione | Treasurer CFO | Profile | |
| Ashish Malhotra | Chief Officer | Profile | |
| Stephen Nthenge | Head Assurance | Profile | |
| Jaideep Paul | CFO Director | Profile | |
| Peter Odedina | Chief officer | Profile |