Shenandoah Telecommunicatio Correlations

SHEN Stock

USD 13.26 0.67 5.32%

The current 90-days correlation between Shenandoah Telecommunicatio and Anterix is 0.18 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Shenandoah Telecommunicatio moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Shenandoah Telecommunications Co moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Shenandoah Telecommunicatio Correlation With Market

Modest diversification

The correlation between Shenandoah Telecommunications and DJI is 0.28 (i.e., Modest 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.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Shenandoah Telecommunications Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Shenandoah Stock

0.61	BCE	BCE Inc	Pair Corr
0.64	RCI	Rogers Communications	Pair Corr
0.66	SKM	SK Telecom	Pair Corr
0.65	TLK	Telkom Indonesia Tbk	Pair Corr
0.64	VOD	Vodafone Group PLC	Pair Corr

Moving against Shenandoah Stock

0.57	VEON	VEON	Pair Corr
0.57	IDT	IDT Corporation	Pair Corr
0.52	TEO	Telecom Argentina	Pair Corr
0.5	T	ATT Inc Aggressive Push	Pair Corr
0.47	NVVEW	Nuvve Holding Corp	Pair Corr
0.43	TDS	Telephone and Data	Pair Corr
0.4	GSAT	Globalstar	Pair Corr
0.4	IRDM	Iridium Communications	Pair Corr
0.36	USM	United States Cellular	Pair Corr
0.71	SE	Sea	Pair Corr
0.58	TMUS	T Mobile Fiscal Year End 23rd of January 2025	Pair Corr
0.58	WB	Weibo Corp	Pair Corr
0.57	CCOI	Cogent Communications	Pair Corr
0.56	Z	Zillow Group Class	Pair Corr
0.56	ZG	Zillow Group	Pair Corr
0.53	LBTYA	Liberty Global PLC	Pair Corr
0.48	BZ	Kanzhun Ltd ADR	Pair Corr
0.47	LUMN	Lumen Technologies	Pair Corr
0.47	EA	Electronic Arts	Pair Corr

Related Correlations Analysis

	ATEX	LBRDP	OOMA	IDT	RDCM	SKM	LBRDK	TIMB	PHI	LBRDA
ATEX		-0.06	-0.53	-0.81	-0.64	0.82	-0.66	0.8	0.55	-0.66	ATEX
LBRDP	-0.06		0.55	0.24	0.32	0.03	0.45	-0.04	-0.17	0.46	LBRDP
OOMA	-0.53	0.55		0.83	0.74	-0.57	0.81	-0.74	-0.86	0.8	OOMA
IDT	-0.81	0.24	0.83		0.78	-0.79	0.85	-0.89	-0.82	0.84	IDT
RDCM	-0.64	0.32	0.74	0.78		-0.68	0.72	-0.67	-0.67	0.72	RDCM
SKM	0.82	0.03	-0.57	-0.79	-0.68		-0.73	0.85	0.67	-0.73	SKM
LBRDK	-0.66	0.45	0.81	0.85	0.72	-0.73		-0.75	-0.71	1.0	LBRDK
TIMB	0.8	-0.04	-0.74	-0.89	-0.67	0.85	-0.75		0.87	-0.75	TIMB
PHI	0.55	-0.17	-0.86	-0.82	-0.67	0.67	-0.71	0.87		-0.7	PHI
LBRDA	-0.66	0.46	0.8	0.84	0.72	-0.73	1.0	-0.75	-0.7		LBRDA
	ATEX	LBRDP	OOMA	IDT	RDCM	SKM	LBRDK	TIMB	PHI	LBRDA

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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

LBRDA	+ 1.0	LBRDK
PHI	+ 0.87	TIMB
LBRDK	+ 0.85	IDT
TIMB	+ 0.85	SKM
LBRDA	+ 0.84	IDT
IDT	+ 0.83	OOMA

High negative correlations

TIMB	- 0.89	IDT
PHI	- 0.86	OOMA
PHI	- 0.82	IDT
IDT	- 0.81	ATEX
SKM	- 0.79	IDT
LBRDA	- 0.75	TIMB

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
ATEX	1.58	(0.20)	0.00	(0.36)	0.00	0.00	3.31	(4.08)	12.42
LBRDP	0.47	0.05	(0.10)	2.70	0.55	(0.55)	1.18	(1.07)	3.58
OOMA	1.98	0.73	0.32	0.93	1.56	(2.37)	4.26	(2.88)	31.87
IDT	1.43	0.32	0.28	0.31	0.94	(1.75)	2.37	(2.30)	24.20
RDCM	2.30	0.30	0.06	1.19	3.12	(2.44)	5.40	(5.38)	19.90
SKM	0.89	(0.02)	0.00	(0.13)	0.00	0.00	2.11	(1.71)	5.94
LBRDK	2.13	0.44	0.27	0.43	1.51	(2.82)	4.96	(3.20)	30.97
TIMB	1.20	(0.25)	0.00	(0.80)	0.00	0.00	2.43	(2.76)	8.48
PHI	1.08	(0.36)	0.00	(0.71)	0.00	0.00	1.83	(2.63)	6.09
LBRDA	2.17	0.47	0.27	0.44	1.49	(2.72)	4.70	(3.19)	33.07

Shenandoah Telecommunicatio Corporate Management

Dennis Romps	VP Officer	Profile
James CPA	Principal Finance	Profile
Derek Rieger	VP Counsel	Profile
Heather Tormey	VP Officer	Profile

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