Lumen Technologies Correlations

Lumen Technologies Correlation With Market

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lumen Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. To learn how to invest in Lumen Stock, please use our How to Invest in Lumen Technologies guide.

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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    CMCSA + 0.9 TMUS T + 0.77 TMUS TEF + 0.76 VZ T + 0.73 CMCSA CHTR + 0.67 TMUS CHTR + 0.63 CMCSA

High negative correlations    ORAN - 0.89 TMUS ORAN - 0.85 CMCSA CHTR - 0.8 TEF ORAN - 0.61 T CHTR - 0.6 ORAN TEF - 0.56 TMUS

Risk-Adjusted Indicators

There is a big difference between Lumen Stock performing well and Lumen Technologies 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 Lumen Technologies' 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.