ATT Correlations

T Stock

USD 27.61 0.26 0.93%

The current 90-days correlation between ATT Inc and Telefonica SA ADR is 0.05 (i.e., Significant diversification). The correlation of ATT 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. If the correlation is 0, the equities are not correlated; they are entirely random.

ATT Correlation With Market

Modest diversification

The correlation between ATT Inc and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ATT Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with ATT Stock

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

Moving together with ATT Stock

0.8	KT	KT Corporation	Pair Corr
0.95	VZ	Verizon Communications	Pair Corr
0.82	KTC	KT Corporation	Pair Corr
0.61	0QYF	Comcast Corp	Pair Corr
0.8	ORA	Orange SA	Pair Corr
0.84	TEQ	Telenor ASA	Pair Corr
0.98	SOBA	ATT Inc	Pair Corr
0.64	BCE	BCE Inc	Pair Corr
0.85	8L8	Liberty Broadband	Pair Corr
0.95	BAC	Verizon Communications	Pair Corr
0.78	8L8C	Liberty Broadband	Pair Corr
0.69	TUL1	Turkcell Iletisim Earnings Call This Week	Pair Corr
0.92	PH6	PHILION SE ON	Pair Corr
0.84	5KBA	TELSTRA GROUP LTD	Pair Corr
0.63	BCE	BCE Inc	Pair Corr

Moving against ATT Stock

0.59	E4C	ecotel communication	Pair Corr
0.44	2CR	NETEL HOLDING AB	Pair Corr
0.83	NU42	Ribbon Communications	Pair Corr
0.5	FNGR	FingerMotion	Pair Corr
0.49	IDT	IDT Corporation Earnings Call This Week	Pair Corr
0.44	TLK	Telkom Indonesia Tbk	Pair Corr
0.43	GSAT	Globalstar Common Stock	Pair Corr

Related Correlations Analysis

	RCI	TU	BCE	KT	TIMB	PINS	VOD	TEF
RCI		-0.03	0.25	0.46	0.52	-0.54	0.28	0.55	RCI
TU	-0.03		0.87	0.65	0.67	-0.6	0.8	0.27	TU
BCE	0.25	0.87		0.87	0.82	-0.82	0.94	0.46	BCE
KT	0.46	0.65	0.87		0.88	-0.93	0.93	0.69	KT
TIMB	0.52	0.67	0.82	0.88		-0.89	0.79	0.62	TIMB
PINS	-0.54	-0.6	-0.82	-0.93	-0.89		-0.85	-0.76	PINS
VOD	0.28	0.8	0.94	0.93	0.79	-0.85		0.56	VOD
TEF	0.55	0.27	0.46	0.69	0.62	-0.76	0.56		TEF
	RCI	TU	BCE	KT	TIMB	PINS	VOD	TEF

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

VOD	+ 0.94	BCE
VOD	+ 0.93	KT
TIMB	+ 0.88	KT
BCE	+ 0.87	TU
KT	+ 0.87	BCE
TIMB	+ 0.82	BCE

High negative correlations

PINS	- 0.93	KT
PINS	- 0.89	TIMB
VOD	- 0.85	PINS
PINS	- 0.82	BCE
TEF	- 0.76	PINS
PINS	- 0.6	TU

Risk-Adjusted Indicators

There is a big difference between ATT Stock performing well and ATT 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 ATT'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
RCI	1.02	0.09	(0.03)	(0.34)	1.17	(1.10)	1.82	(1.91)	8.77
TU	0.86	0.01	(0.06)	0.14	1.22	(0.93)	1.72	(2.18)	6.04
BCE	0.82	0.21	0.09	(0.91)	0.79	(0.95)	1.80	(1.54)	5.03
KT	0.91	0.44	0.38	1.58	0.27	(1.15)	2.35	(1.25)	6.66
TIMB	1.46	0.35	0.11	(9.13)	1.82	(1.51)	3.58	(3.24)	11.29
PINS	2.29	(0.63)	0.00	(0.43)	0.00	0.00	2.90	(6.08)	19.73
VOD	1.10	0.37	0.17	0.53	1.35	(1.26)	3.02	(2.32)	10.23
TEF	1.17	0.13	0.01	(0.59)	1.31	(1.33)	3.03	(2.43)	9.25

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