Telephone Correlations

TDS Stock

USD 35.73 0.18 0.51%

The current 90-days correlation between Telephone and Data and Telephone and Data is 0.15 (i.e., Average diversification). The correlation of Telephone 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.

Telephone Correlation With Market

Average diversification

The correlation between Telephone and Data and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Telephone and Data 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 Telephone and Data. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with Telephone Stock

0.67	VEON	VEON	Pair Corr
0.65	IHS	IHS Holding	Pair Corr
0.75	TEO	Telecom Argentina	Pair Corr
0.81	TKC	Turkcell Iletisim	Pair Corr
0.7	GSAT	Globalstar	Pair Corr

Moving against Telephone Stock

0.83	BCE	BCE Inc Earnings Call This Week	Pair Corr
0.82	LILA	Liberty Latin America	Pair Corr
0.81	AMX	America Movil SAB	Pair Corr
0.74	RCI	Rogers Communications Earnings Call Today	Pair Corr
0.72	TEF	Telefonica SA ADR	Pair Corr
0.68	PHI	PLDT Inc ADR	Pair Corr
0.66	VIV	Telefonica Brasil	Pair Corr
0.6	TU	Telus Corp	Pair Corr
0.59	VOD	Vodafone Group PLC	Pair Corr
0.56	CCZ	Comcast Holdings Corp	Pair Corr
0.51	TLK	Telkom Indonesia Tbk	Pair Corr
0.44	SKM	SK Telecom Earnings Call This Week	Pair Corr
0.44	LUMN	Lumen Technologies Earnings Call This Week	Pair Corr
0.82	TV	Grupo Televisa SAB	Pair Corr
0.78	LBTYK	Liberty Global PLC	Pair Corr
0.77	LBTYB	Liberty Global PLC	Pair Corr
0.77	ATNI	ATN International	Pair Corr
0.73	SHEN	Shenandoah Telecommunicatio	Pair Corr
0.7	TIMB	TIM Participacoes Earnings Call This Week	Pair Corr
0.68	IQ	iQIYI Inc Aggressive Push	Pair Corr
0.55	YQ	17 Education Technology	Pair Corr
0.54	CCOI	Cogent Communications	Pair Corr

Related Correlations Analysis

	TDS-PV	SHEN	WOW	ATNI	TEF	ORAN	VZ	LUMN	CMCSA
TDS-PV		-0.07	0.14	0.32	0.19	0.28	0.21	0.36	0.36	TDS-PV
SHEN	-0.07		0.72	0.76	0.84	0.8	0.49	0.41	0.64	SHEN
WOW	0.14	0.72		0.55	0.73	0.61	0.54	0.88	0.89	WOW
ATNI	0.32	0.76	0.55		0.75	0.89	0.42	0.36	0.58	ATNI
TEF	0.19	0.84	0.73	0.75		0.84	0.71	0.5	0.78	TEF
ORAN	0.28	0.8	0.61	0.89	0.84		0.44	0.4	0.66	ORAN
VZ	0.21	0.49	0.54	0.42	0.71	0.44		0.41	0.69	VZ
LUMN	0.36	0.41	0.88	0.36	0.5	0.4	0.41		0.86	LUMN
CMCSA	0.36	0.64	0.89	0.58	0.78	0.66	0.69	0.86		CMCSA
	TDS-PV	SHEN	WOW	ATNI	TEF	ORAN	VZ	LUMN	CMCSA

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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

CMCSA	+ 0.89	WOW
ORAN	+ 0.89	ATNI
LUMN	+ 0.88	WOW
CMCSA	+ 0.86	LUMN
TEF	+ 0.84	SHEN
ORAN	+ 0.84	TEF

High negative correlations

SHEN

- 0.07

TDS-PV

Risk-Adjusted Indicators

There is a big difference between Telephone Stock performing well and Telephone 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 Telephone'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
TDS-PV	1.01	(0.02)	(0.04)	0.04	1.08	(1.18)	2.82	(1.90)	7.30
SHEN	2.16	(0.41)	0.00	(1.13)	0.00	0.00	3.80	(4.79)	25.16
WOW	1.60	(0.26)	0.00	(0.29)	0.00	0.00	3.61	(2.82)	7.86
ATNI	2.44	(1.01)	0.00	(0.92)	0.00	0.00	3.00	(6.10)	29.40
TEF	0.89	(0.17)	0.00	(0.61)	0.00	0.00	1.86	(2.01)	5.02
ORAN	0.92	(0.30)	0.00	10.02	0.00	0.00	1.57	(2.18)	4.75
VZ	0.80	(0.10)	0.00	(0.19)	0.00	0.00	1.89	(1.81)	5.35
LUMN	3.41	(0.24)	0.00	(0.42)	0.00	0.00	6.86	(4.80)	34.58
CMCSA	1.10	(0.16)	0.00	(0.47)	0.00	0.00	1.62	(2.36)	15.55

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