Shenandoah Telecommunicatio Correlations

SH9 Stock

EUR 10.70 0.10 0.94%

The current 90-days correlation between Shenandoah Telecommunicatio and CarsalesCom is 0.03 (i.e., Significant diversification). The correlation of Shenandoah Telecommunicatio 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.

Shenandoah Telecommunicatio Correlation With Market

Average diversification

The correlation between Shenandoah Telecommunications and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Shenandoah Telecommunications and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Shenandoah Telecommunicatio could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Shenandoah Telecommunicatio when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Shenandoah Telecommunicatio - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Shenandoah Telecommunications to buy it.

Moving against Shenandoah Stock

0.52	E908	Lyxor 1	Pair Corr
0.52	DBPE	Xtrackers LevDAX	Pair Corr
0.34	SOBA	ATT Inc	Pair Corr
0.31	SOBA	ATT Inc	Pair Corr
0.31	DTE	Deutsche Telekom	Pair Corr
0.31	DTE	Deutsche Telekom	Pair Corr

Related Correlations Analysis

	H0O	WN6	1ZO	BMT	ZFI1	JATA	AF4
H0O		-0.17	-0.66	0.33	0.28	-0.09	0.31	H0O
WN6	-0.17		0.37	-0.1	0.36	0.66	0.72	WN6
1ZO	-0.66	0.37		-0.64	-0.28	0.48	0.0	1ZO
BMT	0.33	-0.1	-0.64		0.53	-0.11	-0.02	BMT
ZFI1	0.28	0.36	-0.28	0.53		0.5	0.36	ZFI1
JATA	-0.09	0.66	0.48	-0.11	0.5		0.45	JATA
AF4	0.31	0.72	0.0	-0.02	0.36	0.45		AF4
	H0O	WN6	1ZO	BMT	ZFI1	JATA	AF4

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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

AF4	+ 0.72	WN6
JATA	+ 0.66	WN6
ZFI1	+ 0.53	BMT
JATA	+ 0.5	ZFI1
JATA	+ 0.48	1ZO
AF4	+ 0.45	JATA

High negative correlations

1ZO	- 0.66	H0O
BMT	- 0.64	1ZO
ZFI1	- 0.28	1ZO
WN6	- 0.17	H0O
JATA	- 0.11	BMT
BMT	- 0.1	WN6

Risk-Adjusted Indicators

There is a big difference between Shenandoah Stock performing well and Shenandoah Telecommunicatio 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 Shenandoah Telecommunicatio'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
H0O	1.36	0.24	0.06	(0.87)	1.96	(1.84)	3.52	(2.40)	21.97
WN6	1.14	0.08	0.02	0.28	1.13	(1.56)	2.73	(2.34)	6.56
1ZO	2.06	(0.18)	0.00	(1.13)	0.00	0.00	5.63	(5.20)	15.22
BMT	0.73	0.30	0.33	3.61	0.00	(0.93)	1.88	(1.03)	3.74
ZFI1	1.29	0.13	0.03	(5.48)	1.31	(2.25)	4.32	(2.78)	10.05
JATA	1.00	(0.09)	0.00	(0.30)	0.00	0.00	2.56	(2.50)	7.32
AF4	1.21	0.11	0.03	0.74	1.07	(1.87)	2.85	(1.96)	8.01

Be your own money manager

Our tools can tell you how much better you can do entering a position in Shenandoah Telecommunicatio without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Shenandoah Telecommunicatio Corporate Management

Elected by the shareholders, the Shenandoah Telecommunicatio's board of directors comprises two types of representatives: Shenandoah Telecommunicatio inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Shenandoah. The board's role is to monitor Shenandoah Telecommunicatio's management team and ensure that shareholders' interests are well served. Shenandoah Telecommunicatio's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Shenandoah Telecommunicatio's outside directors are responsible for providing unbiased perspectives on the board's policies.

Richard Mason	VP Operations	Profile
Dennis Romps	VP Officer	Profile
Christopher French	Pres Chairman	Profile
James CPA	Sr CFO	Profile
Derek Rieger	VP Counsel	Profile
Dara Leslie	VP Marketing	Profile
Ann Flowers	Associate Counsel	Profile

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