Optimum Communications Correlations

OPTU Stock

1.53 0.07 4.38%

The current 90-days correlation between Optimum Communications and VEON is -0.08 (i.e., Good diversification). The correlation of Optimum Communications 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Optimum Communications Correlation With Market

Very good diversification

The correlation between Optimum Communications and DJI is -0.31 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Optimum Communications and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Optimum Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Optimum Communications. 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.

For more information on how to buy Optimum Stock please use our How to Invest in Optimum Communications guide.

Moving together with Optimum Stock

0.69	002148	Beijing Bewinner Com	Pair Corr
0.79	SURG	Surgepays	Pair Corr

Moving against Optimum Stock

0.57	VFC	VF Corporation	Pair Corr
0.54	BRK-B	Berkshire Hathaway	Pair Corr
0.51	HYMTF	Hyundai Motor	Pair Corr
0.32	TDS	Telephone and Data	Pair Corr
0.67	WTG	Wintergreen Acquisition	Pair Corr
0.59	VTRS	Viatris	Pair Corr
0.57	SILEF	Silver Elephant Mining	Pair Corr
0.56	SION	Sionna Therapeutics	Pair Corr
0.53	CZNC	Citizens Northern Corp Normal Trading	Pair Corr
0.5	SON	Sonoco Products	Pair Corr
0.46	MRIRF	BMEX Gold	Pair Corr
0.41	ORRF	Orrstown Financial	Pair Corr
0.36	EVGRF	China Evergrande New	Pair Corr
0.75	200447AL4	CFELEC 4688 15	Pair Corr
0.63	LSBK	Lake Shore Bancorp	Pair Corr
0.55	CPPKF	Copperbank Resources Corp	Pair Corr
0.54	GOLD	Gold Inc Earnings Call This Week	Pair Corr
0.44	ARRJF	Arjo AB	Pair Corr
0.43	SUZ	Suzano Papel e	Pair Corr
0.41	ZLDAF	Zelira Therapeutics	Pair Corr
0.38	ANL	Adlai Nortye Trending	Pair Corr

Related Correlations Analysis

	AD	VEON	AMX	PHI	RCI	SKM	TDS	TKC	VOD	GOGO
AD		0.68	-0.8	0.42	-0.39	0.65	0.87	0.68	0.83	-0.65	AD
VEON	0.68		-0.66	0.8	-0.24	0.47	0.67	0.42	0.79	-0.73	VEON
AMX	-0.8	-0.66		-0.5	0.64	-0.25	-0.59	-0.37	-0.77	0.81	AMX
PHI	0.42	0.8	-0.5		-0.42	0.39	0.47	0.3	0.71	-0.75	PHI
RCI	-0.39	-0.24	0.64	-0.42		-0.09	-0.31	-0.25	-0.42	0.6	RCI
SKM	0.65	0.47	-0.25	0.39	-0.09		0.72	0.88	0.67	-0.35	SKM
TDS	0.87	0.67	-0.59	0.47	-0.31	0.72		0.66	0.8	-0.56	TDS
TKC	0.68	0.42	-0.37	0.3	-0.25	0.88	0.66		0.58	-0.32	TKC
VOD	0.83	0.79	-0.77	0.71	-0.42	0.67	0.8	0.58		-0.83	VOD
GOGO	-0.65	-0.73	0.81	-0.75	0.6	-0.35	-0.56	-0.32	-0.83		GOGO
	AD	VEON	AMX	PHI	RCI	SKM	TDS	TKC	VOD	GOGO

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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

TKC	+ 0.88	SKM
TDS	+ 0.87	AD
VOD	+ 0.83	AD
GOGO	+ 0.81	AMX
PHI	+ 0.8	VEON
VOD	+ 0.8	TDS

High negative correlations

GOGO	- 0.83	VOD
AMX	- 0.8	AD
VOD	- 0.77	AMX
GOGO	- 0.75	PHI
GOGO	- 0.73	VEON
AMX	- 0.66	VEON

Risk-Adjusted Indicators

There is a big difference between Optimum Stock performing well and Optimum Communications 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 Optimum Communications' 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
AD	1.46	0.21	0.08	4.11	1.91	(1.45)	3.45	(3.12)	10.82
VEON	1.56	0.18	0.07	(1.17)	1.79	(1.89)	2.73	(3.22)	20.18
AMX	0.95	(0.13)	0.00	(1.50)	0.00	0.00	1.83	(3.16)	6.07
PHI	0.98	0.26	0.20	(1.87)	0.80	(1.34)	2.33	(1.68)	7.29
RCI	0.93	(0.07)	0.00	(0.51)	0.00	0.00	1.67	(1.91)	4.03
SKM	1.15	0.50	0.36	(0.83)	0.63	(1.30)	2.69	(1.34)	11.33
TDS	1.28	0.19	0.12	0.26	1.32	(1.40)	2.81	(2.35)	8.49
TKC	1.13	0.18	0.11	1.18	1.17	(1.33)	2.59	(2.18)	7.49
VOD	1.16	0.36	0.17	0.51	1.42	(1.23)	2.83	(2.73)	11.03
GOGO	2.73	(1.08)	0.00	11.16	0.00	0.00	3.75	(7.73)	23.86

Optimum Communications Corporate Management

Luciano Ramos	Executive Officer	Profile
John Hsu	Treasury Relations	Profile
Colleen Cone	Executive Officer	Profile
Michael JD	General Officer	Profile
Marc Sirota	Chief Officer	Profile

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