Orange SA Correlations

Summary

ORANDelisted Stock

USD 9.73 0.01 0.10%

The current 90-days correlation between Orange SA ADR and Telefonica Brasil SA is -0.01 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Orange SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Orange SA ADR moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Orange SA Correlation With Market

Good diversification

The correlation between Orange SA ADR and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Orange SA ADR and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Orange Stock

0.62	PTAIF	PT Astra International	Pair Corr
0.79	PTAIY	Astra International Tbk	Pair Corr
0.71	BKRKF	PT Bank Rakyat Earnings Call This Week	Pair Corr
0.86	BKRKY	Bank Rakyat Earnings Call This Week	Pair Corr
0.73	TLK	Telkom Indonesia Tbk	Pair Corr
0.86	PPERY	Bank Mandiri Persero	Pair Corr
0.81	PPERF	Bank Mandiri Persero	Pair Corr
0.85	JNJ	Johnson Johnson	Pair Corr
0.78	KO	Coca Cola Earnings Call This Week	Pair Corr
0.69	DD	Dupont De Nemours Earnings Call This Week	Pair Corr

Moving against Orange Stock

0.81	AXP	American Express	Pair Corr
0.79	WMT	Walmart Aggressive Push	Pair Corr
0.69	BA	Boeing	Pair Corr
0.67	MNPR	Monopar Therapeutics	Pair Corr
0.67	DIS	Walt Disney Earnings Call This Week	Pair Corr
0.53	MMM	3M Company	Pair Corr
0.47	IBM	International Business Upward Rally	Pair Corr
0.42	DNOW	Now Inc	Pair Corr
0.39	T	ATT Inc Earnings Call This Week	Pair Corr

Related Correlations Analysis

	VIV	VOD	TV	AMX	TEF	SKM	KT	LBRDA	PHI	TIMB
VIV		0.72	0.82	0.81	0.71	0.61	-0.09	0.72	0.62	0.98	VIV
VOD	0.72		0.73	0.83	0.9	0.75	-0.02	0.52	0.71	0.73	VOD
TV	0.82	0.73		0.84	0.78	0.6	-0.35	0.76	0.64	0.8	TV
AMX	0.81	0.83	0.84		0.87	0.69	-0.31	0.6	0.7	0.83	AMX
TEF	0.71	0.9	0.78	0.87		0.81	-0.16	0.54	0.63	0.74	TEF
SKM	0.61	0.75	0.6	0.69	0.81		0.3	0.56	0.37	0.64	SKM
KT	-0.09	-0.02	-0.35	-0.31	-0.16	0.3		-0.12	-0.18	-0.12	KT
LBRDA	0.72	0.52	0.76	0.6	0.54	0.56	-0.12		0.21	0.68	LBRDA
PHI	0.62	0.71	0.64	0.7	0.63	0.37	-0.18	0.21		0.64	PHI
TIMB	0.98	0.73	0.8	0.83	0.74	0.64	-0.12	0.68	0.64		TIMB
	VIV	VOD	TV	AMX	TEF	SKM	KT	LBRDA	PHI	TIMB

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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

TIMB	+ 0.98	VIV
TEF	+ 0.9	VOD
TEF	+ 0.87	AMX
AMX	+ 0.84	TV
AMX	+ 0.83	VOD
TIMB	+ 0.83	AMX

High negative correlations

KT	- 0.35	TV
KT	- 0.31	AMX
PHI	- 0.18	KT
KT	- 0.16	TEF
TIMB	- 0.12	KT
LBRDA	- 0.12	KT

Risk-Adjusted Indicators

There is a big difference between Orange Stock performing well and Orange SA 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 Orange SA'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
VIV	1.64	(0.14)	0.00	(0.29)	0.00	0.00	3.17	(4.02)	8.12
VOD	1.07	(0.12)	0.00	(0.48)	0.00	0.00	2.39	(2.55)	10.16
TV	2.24	(0.36)	0.00	3.59	0.00	0.00	4.17	(5.05)	20.33
AMX	1.21	(0.20)	0.00	1.94	0.00	0.00	1.80	(3.33)	6.98
TEF	0.89	(0.17)	0.00	(0.61)	0.00	0.00	1.86	(2.01)	5.02
SKM	0.87	(0.11)	0.00	(0.30)	0.00	0.00	1.96	(1.72)	6.54
KT	1.36	0.18	0.07	0.54	1.78	(1.53)	3.12	(2.62)	10.72
LBRDA	1.67	(0.04)	(0.03)	0.00	2.49	(1.68)	2.94	(3.86)	21.18
PHI	1.02	(0.20)	0.00	(0.66)	0.00	0.00	1.53	(2.63)	6.56
TIMB	1.69	(0.18)	0.00	(0.59)	0.00	0.00	3.15	(4.15)	8.88

Orange SA Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Orange SA stock to make a market-neutral strategy. Peer analysis of Orange SA could also be used in its relative valuation, which is a method of valuing Orange SA by comparing valuation metrics with similar companies.

Telefonica Brasil SA Vodafone Group PLC Grupo Televisa SAB America Movil SAB Telefonica SA ADR SK Telecom Co KT Corporation Liberty Broadband Srs PLDT Inc ADR TIM Participacoes SA Verizon Communications Lumen Technologies Comcast Corp American Airlines Group Alcoa Corp

Risk & Return

Correlation

Still Interested in Orange SA ADR?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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