Telecom Argentina Correlations

Stocks . Argentina . 
Stock . Telecom Argentina
TECO2 Stock  ARS 2,890  75.00  2.53%   
The current 90-days correlation between Telecom Argentina and Transportadora de Gas is 0.53 (i.e., Very weak diversification). The correlation of Telecom Argentina 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.

Telecom Argentina Correlation With Market

Significant diversification

The correlation between Telecom Argentina and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Telecom Argentina and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Telecom Argentina could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Telecom Argentina when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Telecom Argentina - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Telecom Argentina to buy it.

Moving together with Telecom Stock

  0.94CVH Cablevision HoldingPairCorr
  0.89DISN Walt DisneyPairCorr
  0.9YPFD YPF SA DPairCorr
  0.77BYMA Bolsas y MercadosPairCorr
  0.81BBAR BBVA Banco FrancesPairCorr
  0.86VALO Banco de ValoresPairCorr
  0.9METR Metrogas SAPairCorr
  0.94IRSA IRSA Inversiones y SplitPairCorr
  0.77SUPV Grupo SuperviellePairCorr
  0.92CEPU Central Puerto SAPairCorr
  0.75WMT WalmartPairCorr
  0.92TGSU2 Transportadora de GasPairCorr
  0.93LOMA Loma Negra CompaniaPairCorr
  0.94TGNO4 Transportadora de GasPairCorr
  0.62AXP American ExpressPairCorr
  0.66BMA Banco Macro SAPairCorr
  0.87PAMP Pampa Energia SAPairCorr
  0.85AGRO Agrometal SAIPairCorr
  0.69GGAL Grupo Financiero GaliciaPairCorr
  0.94LEDE Ledesma SAAIPairCorr
  0.91MIRG Mirgor SAPairCorr
  0.86EDN Empresa DistribuidoraPairCorr
  0.79TRAN Compania de TransportePairCorr
  0.91CRES Cresud SAPairCorr

Moving against Telecom Stock

  0.82TV Grupo Televisa SABPairCorr
  0.79KO Coca ColaPairCorr
  0.75AKO-B Embotelladora AndinaPairCorr
  0.57X United States SteelPairCorr

Related Correlations Analysis

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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   
TRAN
+ 0.87
TGSU2
TGSU2
+ 0.76
AGRO
TRAN
+ 0.72
AGRO
X
+ 0.68
HMY
  
High negative correlations   
HMY
- 0.88
AGRO
TRAN
- 0.79
X
HMY
- 0.74
TGSU2
X
- 0.71
AGRO
TRAN
- 0.68
HMY
X
- 0.65
TGSU2

Risk-Adjusted Indicators

There is a big difference between Telecom Stock performing well and Telecom Argentina 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 Telecom Argentina'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Telecom Argentina without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Telecom Argentina Corporate Management

Elected by the shareholders, the Telecom Argentina's board of directors comprises two types of representatives: Telecom Argentina inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Telecom. The board's role is to monitor Telecom Argentina's management team and ensure that shareholders' interests are well served. Telecom Argentina's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Telecom Argentina's outside directors are responsible for providing unbiased perspectives on the board's policies.
Miguel FernndezChief OfficerProfile
Gonzalo HitaChief OfficerProfile
Gabriel BlasiChief OfficerProfile
Roberto NbileChief OfficerProfile
Fernando BalmacedaDirector RelationsProfile
Pedro MatheuChief Government Relations, Communication and Media officerProfile
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