Telephone Correlations

TDS Stock

USD 36.93 0.39 1.07%

The current 90-days correlation between Telephone and Data and Telephone and Data is 0.22 (i.e., Modest 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

Poor diversification

The correlation between Telephone and Data and DJI is 0.63 (i.e., Poor 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.

Build AI portfolio with Telephone Stock

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

0.8	USM	United States Cellular	Pair Corr
0.69	VIV	Telefonica Brasil	Pair Corr
0.62	GOGO	Gogo Inc	Pair Corr
0.65	RPID	Rapid Micro Biosystems	Pair Corr

Moving against Telephone Stock

0.31

TEO

Telecom Argentina

Pair Corr

Related Correlations Analysis

	TDS-PV	SHEN	WOW	ATNI	TEF	ORAN	VZ	LUMN	CMCSA
TDS-PV		-0.61	-0.13	-0.41	-0.6	0.0	-0.56	0.71	0.25	TDS-PV
SHEN	-0.61		0.2	0.66	0.63	0.0	0.5	-0.47	0.04	SHEN
WOW	-0.13	0.2		0.38	0.4	0.0	0.46	-0.16	0.47	WOW
ATNI	-0.41	0.66	0.38		0.87	0.0	0.79	-0.31	0.14	ATNI
TEF	-0.6	0.63	0.4	0.87		0.0	0.87	-0.64	-0.04	TEF
ORAN	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	ORAN
VZ	-0.56	0.5	0.46	0.79	0.87	0.0		-0.59	0.05	VZ
LUMN	0.71	-0.47	-0.16	-0.31	-0.64	0.0	-0.59		0.38	LUMN
CMCSA	0.25	0.04	0.47	0.14	-0.04	0.0	0.05	0.38		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

TEF	+ 0.87	ATNI
VZ	+ 0.87	TEF
VZ	+ 0.79	ATNI
LUMN	+ 0.71	TDS-PV
ATNI	+ 0.66	SHEN
TEF	+ 0.63	SHEN

High negative correlations

LUMN	- 0.64	TEF
SHEN	- 0.61	TDS-PV
TEF	- 0.6	TDS-PV
LUMN	- 0.59	VZ
VZ	- 0.56	TDS-PV
LUMN	- 0.47	SHEN

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	0.91	(0.10)	0.00	(0.35)	0.00	0.00	1.98	(1.74)	9.43
SHEN	2.00	0.17	0.07	0.37	2.95	(1.95)	3.68	(3.38)	16.61
WOW	2.13	(0.11)	0.00	(0.74)	0.00	0.00	4.59	(3.61)	20.65
ATNI	2.44	0.31	0.13	0.56	2.53	(2.81)	4.88	(4.01)	11.40
TEF	1.09	0.22	0.15	(1.06)	1.50	(1.14)	2.38	(2.01)	11.05
ORAN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VZ	1.13	0.29	0.17	1.09	1.69	(1.22)	2.62	(1.99)	10.73
LUMN	3.44	(0.62)	0.00	1.17	0.00	0.00	6.08	(7.08)	21.90
CMCSA	1.45	(0.11)	0.00	0.72	0.00	0.00	2.20	(3.92)	12.63

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