Rogers Communications Correlations

RCI Stock

USD 28.75 0.32 1.10%

The current 90-days correlation between Rogers Communications and BCE Inc is 0.28 (i.e., Modest diversification). The correlation of Rogers 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.

Rogers Communications Correlation With Market

Weak diversification

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

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rogers 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 main economic indicators.

For more detail on how to invest in Rogers Stock please use our How to Invest in Rogers Communications guide.

Moving together with Rogers Stock

0.88	TU	Telus Corp	Pair Corr
0.7	VZ	Verizon Communications Aggressive Push	Pair Corr
0.91	AMX	America Movil SAB	Pair Corr
0.85	BCE	BCE Inc Earnings Call This Week	Pair Corr
0.65	CCZ	Comcast Holdings Corp	Pair Corr
0.81	SKM	SK Telecom Earnings Call This Week	Pair Corr
0.92	TEF	Telefonica SA ADR	Pair Corr
0.75	VIV	Telefonica Brasil	Pair Corr
0.81	VOD	Vodafone Group PLC	Pair Corr
0.63	LILA	Liberty Latin America	Pair Corr
0.71	LUMN	Lumen Technologies Earnings Call This Week	Pair Corr
0.63	LBTYK	Liberty Global PLC	Pair Corr
0.87	ATEX	Anterix	Pair Corr
0.76	ATNI	ATN International	Pair Corr
0.83	SHEN	Shenandoah Telecommunicatio	Pair Corr
0.72	BAND	Bandwidth Tech Boost	Pair Corr

Moving against Rogers Stock

0.92	VEON	VEON	Pair Corr
0.79	TKC	Turkcell Iletisim	Pair Corr
0.74	TDS	Telephone and Data	Pair Corr
0.62	TBB	ATT Inc	Pair Corr
0.56	UCL	Ucloudlink Group	Pair Corr
0.55	IHS	IHS Holding	Pair Corr
0.44	TEO	Telecom Argentina	Pair Corr
0.43	GSAT	Globalstar	Pair Corr
0.32	GOGO	Gogo Inc	Pair Corr
0.76	OB	Outbrain	Pair Corr
0.76	YY	YY Inc Class	Pair Corr
0.5	SE	Sea	Pair Corr
0.35	Z	Zillow Group Class	Pair Corr
0.34	WB	Weibo Corp	Pair Corr
0.33	ZG	Zillow Group	Pair Corr

Related Correlations Analysis

	BCE	DTEGY	ORAN	AMX	TU	VOD	TEF	SKM	KT	VIV
BCE		0.0	0.95	0.92	0.86	0.84	0.87	0.69	-0.24	0.81	BCE
DTEGY	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	DTEGY
ORAN	0.95	0.0		0.89	0.78	0.76	0.84	0.63	-0.33	0.72	ORAN
AMX	0.92	0.0	0.89		0.84	0.83	0.87	0.69	-0.31	0.81	AMX
TU	0.86	0.0	0.78	0.84		0.82	0.87	0.79	-0.02	0.85	TU
VOD	0.84	0.0	0.76	0.83	0.82		0.9	0.75	-0.02	0.72	VOD
TEF	0.87	0.0	0.84	0.87	0.87	0.9		0.81	-0.16	0.71	TEF
SKM	0.69	0.0	0.63	0.69	0.79	0.75	0.81		0.3	0.61	SKM
KT	-0.24	0.0	-0.33	-0.31	-0.02	-0.02	-0.16	0.3		-0.09	KT
VIV	0.81	0.0	0.72	0.81	0.85	0.72	0.71	0.61	-0.09		VIV
	BCE	DTEGY	ORAN	AMX	TU	VOD	TEF	SKM	KT	VIV

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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	+ 0.95	BCE
AMX	+ 0.92	BCE
TEF	+ 0.9	VOD
AMX	+ 0.89	ORAN
TEF	+ 0.87	BCE
TEF	+ 0.87	AMX

High negative correlations

KT	- 0.33	ORAN
KT	- 0.31	AMX
KT	- 0.24	BCE
KT	- 0.16	TEF
VIV	- 0.09	KT
KT	- 0.02	VOD

Risk-Adjusted Indicators

There is a big difference between Rogers Stock performing well and Rogers 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 Rogers 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
BCE	1.11	(0.48)	0.00	(2.21)	0.00	0.00	1.53	(2.84)	9.36
DTEGY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ORAN	0.92	(0.30)	0.00	10.02	0.00	0.00	1.57	(2.18)	4.75
AMX	1.21	(0.20)	0.00	1.94	0.00	0.00	1.80	(3.33)	6.98
TU	0.97	(0.18)	0.00	(0.36)	0.00	0.00	1.88	(2.29)	6.12
VOD	1.07	(0.12)	0.00	(0.48)	0.00	0.00	2.39	(2.55)	10.16
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
VIV	1.64	(0.14)	0.00	(0.29)	0.00	0.00	3.17	(4.02)	8.12

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