BCE Correlations

BCE Stock

USD 26.68 0.32 1.19%

The current 90-days correlation between BCE Inc and Rogers Communications is -0.13 (i.e., Good diversification). The correlation of BCE 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.

BCE Correlation With Market

Significant diversification

The correlation between BCE Inc and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BCE Inc and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BCE Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with BCE Stock

0.78	TU	Telus Corp	Pair Corr
0.71	AMX	America Movil SAB	Pair Corr
0.66	CHT	Chunghwa Telecom	Pair Corr
0.67	IHS	IHS Holding	Pair Corr
0.9	PHI	PLDT Inc ADR	Pair Corr
0.89	RCI	Rogers Communications	Pair Corr
0.77	SKM	SK Telecom	Pair Corr
0.7	TEF	Telefonica SA ADR	Pair Corr
0.93	TLK	Telkom Indonesia Tbk	Pair Corr
0.64	UCL	Ucloudlink Group	Pair Corr
0.75	VIV	Telefonica Brasil	Pair Corr
0.89	VOD	Vodafone Group PLC	Pair Corr
0.67	KORE	KORE Group Holdings	Pair Corr
0.76	LILA	Liberty Latin America	Pair Corr
0.64	LBTYB	Liberty Global PLC	Pair Corr
0.78	LBTYK	Liberty Global PLC	Pair Corr

Moving against BCE Stock

0.92	TEO	Telecom Argentina	Pair Corr
0.85	TDS	Telephone and Data	Pair Corr
0.84	GSAT	Globalstar	Pair Corr
0.81	IDT	IDT Corporation	Pair Corr
0.79	LUMN	Lumen Technologies	Pair Corr
0.76	USM	United States Cellular	Pair Corr
0.72	VEON	VEON	Pair Corr
0.58	T	ATT Inc Aggressive Push	Pair Corr
0.58	LBTYA	Liberty Global PLC	Pair Corr
0.38	GOGO	Gogo Inc	Pair Corr
0.35	KT	KT Corporation	Pair Corr
0.91	EA	Electronic Arts	Pair Corr
0.87	TMUS	T Mobile Fiscal Year End 23rd of January 2025	Pair Corr
0.83	DJCO	Daily Journal Corp	Pair Corr
0.73	ANGHW	Anghami Warrants	Pair Corr
0.69	Z	Zillow Group Class	Pair Corr
0.68	SE	Sea	Pair Corr
0.68	ZG	Zillow Group	Pair Corr

Related Correlations Analysis

	RCI	DTEGY	ORAN	AMX	TU	VIV	TEF	VZ	LUMN	CMCSA
RCI		0.64	0.89	0.68	0.72	0.74	0.52	0.32	-0.7	-0.88	RCI
DTEGY	0.64		0.68	0.35	0.23	0.27	-0.1	-0.24	-0.36	-0.67	DTEGY
ORAN	0.89	0.68		0.52	0.78	0.75	0.57	0.34	-0.56	-0.8	ORAN
AMX	0.68	0.35	0.52		0.4	0.46	0.39	0.15	-0.6	-0.58	AMX
TU	0.72	0.23	0.78	0.4		0.85	0.79	0.71	-0.46	-0.6	TU
VIV	0.74	0.27	0.75	0.46	0.85		0.79	0.69	-0.33	-0.55	VIV
TEF	0.52	-0.1	0.57	0.39	0.79	0.79		0.8	-0.42	-0.37	TEF
VZ	0.32	-0.24	0.34	0.15	0.71	0.69	0.8		-0.17	-0.17	VZ
LUMN	-0.7	-0.36	-0.56	-0.6	-0.46	-0.33	-0.42	-0.17		0.8	LUMN
CMCSA	-0.88	-0.67	-0.8	-0.58	-0.6	-0.55	-0.37	-0.17	0.8		CMCSA
	RCI	DTEGY	ORAN	AMX	TU	VIV	TEF	VZ	LUMN	CMCSA

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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

ORAN	+ 0.89	RCI
VIV	+ 0.85	TU
VZ	+ 0.8	TEF
CMCSA	+ 0.8	LUMN
TEF	+ 0.79	TU
TEF	+ 0.79	VIV

High negative correlations

CMCSA	- 0.88	RCI
CMCSA	- 0.8	ORAN
LUMN	- 0.7	RCI
CMCSA	- 0.67	DTEGY
CMCSA	- 0.6	TU
LUMN	- 0.6	AMX

Risk-Adjusted Indicators

There is a big difference between BCE Stock performing well and BCE 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 BCE'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
RCI	0.83	(0.18)	0.00	(1.29)	0.00	0.00	1.49	(2.24)	4.82
DTEGY	0.87	(0.17)	0.00	1.47	0.00	0.00	1.71	(2.12)	8.36
ORAN	0.86	(0.15)	0.00	(1.30)	0.00	0.00	1.40	(1.92)	5.67
AMX	1.18	(0.25)	0.00	(0.25)	0.00	0.00	2.58	(2.88)	7.18
TU	0.74	(0.02)	0.00	(9.62)	0.00	0.00	1.78	(1.32)	5.80
VIV	1.20	(0.11)	0.00	(0.29)	0.00	0.00	2.43	(2.93)	7.79
TEF	0.79	0.01	0.00	0.04	0.00	0.00	2.12	(1.45)	6.16
VZ	0.95	0.07	(0.01)	4.74	1.35	(1.00)	2.16	(2.05)	8.86
LUMN	3.86	0.16	0.07	0.13	4.64	(4.30)	9.55	(8.11)	27.32
CMCSA	1.03	0.04	0.03	0.12	1.13	(1.16)	2.52	(2.10)	8.17

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