SK Telecom Correlations

SKM Stock

USD 22.78 0.12 0.53%

The current 90-days correlation between SK Telecom and Liberty Broadband Srs is 0.05 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SK Telecom moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SK Telecom Co moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

SK Telecom Correlation With Market

Significant diversification

The correlation between SK Telecom Co and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SK Telecom Co 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 SK Telecom 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 industry.

Moving together with SKM Stock

0.83	TU	Telus Corp	Pair Corr
0.76	BCE	BCE Inc	Pair Corr
0.86	CHT	Chunghwa Telecom	Pair Corr
0.67	PHI	PLDT Inc ADR	Pair Corr
0.81	RCI	Rogers Communications	Pair Corr
0.67	TEF	Telefonica SA ADR	Pair Corr
0.87	TLK	Telkom Indonesia Tbk	Pair Corr
0.81	VIV	Telefonica Brasil	Pair Corr
0.86	VOD	Vodafone Group PLC	Pair Corr
0.82	ATEX	Anterix	Pair Corr
0.66	SHEN	Shenandoah Telecommunicatio	Pair Corr
0.85	TIMB	TIM Participacoes	Pair Corr

Moving against SKM Stock

0.79	IDT	IDT Corporation Earnings Call This Week	Pair Corr
0.69	TDS	Telephone and Data	Pair Corr
0.63	USM	United States Cellular	Pair Corr
0.58	TEO	Telecom Argentina	Pair Corr
0.56	GSAT	Globalstar	Pair Corr
0.55	VEON	VEON	Pair Corr
0.4	T	ATT Inc Aggressive Push	Pair Corr
0.31	NVVEW	Nuvve Holding Corp	Pair Corr
0.78	TMUS	T Mobile Fiscal Year End 23rd of January 2025	Pair Corr
0.68	CCOI	Cogent Communications	Pair Corr
0.66	EA	Electronic Arts	Pair Corr
0.62	SE	Sea	Pair Corr
0.55	EB	Eventbrite Class A	Pair Corr
0.53	DJCO	Daily Journal Corp	Pair Corr
0.48	LUMN	Lumen Technologies	Pair Corr
0.36	Z	Zillow Group Class	Pair Corr
0.35	LBTYA	Liberty Global PLC	Pair Corr
0.35	ZG	Zillow Group	Pair Corr

Related Correlations Analysis

	ATEX	LBRDP	OOMA	IDT	RDCM	LBRDK	LBRDA
ATEX		-0.06	-0.53	-0.81	-0.64	-0.66	-0.66	ATEX
LBRDP	-0.06		0.55	0.24	0.32	0.45	0.46	LBRDP
OOMA	-0.53	0.55		0.83	0.74	0.81	0.8	OOMA
IDT	-0.81	0.24	0.83		0.78	0.85	0.84	IDT
RDCM	-0.64	0.32	0.74	0.78		0.72	0.72	RDCM
LBRDK	-0.66	0.45	0.81	0.85	0.72		1.0	LBRDK
LBRDA	-0.66	0.46	0.8	0.84	0.72	1.0		LBRDA
	ATEX	LBRDP	OOMA	IDT	RDCM	LBRDK	LBRDA

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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
LBRDK	+ 0.85	IDT
LBRDA	+ 0.84	IDT
IDT	+ 0.83	OOMA
LBRDK	+ 0.81	OOMA
LBRDA	+ 0.8	OOMA

High negative correlations

IDT	- 0.81	ATEX
LBRDA	- 0.66	ATEX
LBRDK	- 0.66	ATEX
RDCM	- 0.64	ATEX
OOMA	- 0.53	ATEX
LBRDP	- 0.06	ATEX

Risk-Adjusted Indicators

There is a big difference between SKM Stock performing well and SK Telecom 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 SK Telecom'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
LBRDK	2.13	0.44	0.27	0.43	1.51	(2.82)	4.96	(3.20)	30.97
LBRDA	2.17	0.47	0.27	0.44	1.49	(2.72)	4.70	(3.19)	33.07

SK Telecom Corporate Management

Kim Junmo	Non-Executive Independent Director	Profile
Jungwhan Ahn	Head Culture	Profile
Jinwon Kim	CFO Group	Profile
MyungJin Han	Head Strategy	Profile
Min Ha	Head Development	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC