Telecom Argentina Correlations

TEO Stock

USD 12.63 0.22 1.77%

The current 90-days correlation between Telecom Argentina and SK Telecom Co is -0.04 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Telecom Argentina moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Telecom Argentina SA moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Telecom Argentina Correlation With Market

Significant diversification

The correlation between Telecom Argentina SA and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Telecom Argentina SA 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 Telecom Argentina SA. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Telecom Stock

0.8	Z	Zillow Group Class	Pair Corr
0.63	OB	Outbrain	Pair Corr
0.78	ZD	Ziff Davis	Pair Corr
0.79	ZG	Zillow Group	Pair Corr

Moving against Telecom Stock

0.73	IQ	iQIYI Inc Aggressive Push	Pair Corr
0.65	TV	Grupo Televisa SAB	Pair Corr
0.62	CURIW	CuriosityStream	Pair Corr
0.61	DRCT	Direct Digital Holdings	Pair Corr
0.58	VSME	VS Media Holdings	Pair Corr
0.54	VOD	Vodafone Group PLC	Pair Corr
0.5	TC	TuanChe ADR	Pair Corr
0.47	TU	Telus Corp	Pair Corr
0.37	DLPN	Dolphin Entertainment	Pair Corr
0.84	ADD	Color Star Technology	Pair Corr
0.77	BCE	BCE Inc Earnings Call This Week	Pair Corr
0.69	FLNT	Fluent Inc	Pair Corr
0.67	AMX	America Movil SAB	Pair Corr
0.55	FENG	Phoenix New Media	Pair Corr
0.52	BATRA	Atlanta Braves Holdings,	Pair Corr
0.52	CHR	Cheer Holding	Pair Corr
0.38	NPSNY	Naspers Ltd ADR	Pair Corr
0.38	DDI	Doubledown Interactive	Pair Corr
0.37	BOC	Boston Omaha Corp	Pair Corr
0.32	BATRK	Atlanta Braves Holdings,	Pair Corr

Related Correlations Analysis

	TEF	ORAN	SKM	AMX	KT	TLK	PHI	VIV	TIMB	LBRDA
TEF		0.84	0.81	0.87	-0.16	0.69	0.63	0.71	0.74	0.54	TEF
ORAN	0.84		0.63	0.89	-0.33	0.73	0.8	0.72	0.78	0.4	ORAN
SKM	0.81	0.63		0.69	0.3	0.51	0.37	0.61	0.64	0.56	SKM
AMX	0.87	0.89	0.69		-0.31	0.72	0.7	0.81	0.83	0.6	AMX
KT	-0.16	-0.33	0.3	-0.31		0.04	-0.18	-0.09	-0.12	-0.12	KT
TLK	0.69	0.73	0.51	0.72	0.04		0.86	0.62	0.64	0.24	TLK
PHI	0.63	0.8	0.37	0.7	-0.18	0.86		0.62	0.64	0.21	PHI
VIV	0.71	0.72	0.61	0.81	-0.09	0.62	0.62		0.98	0.72	VIV
TIMB	0.74	0.78	0.64	0.83	-0.12	0.64	0.64	0.98		0.68	TIMB
LBRDA	0.54	0.4	0.56	0.6	-0.12	0.24	0.21	0.72	0.68		LBRDA
	TEF	ORAN	SKM	AMX	KT	TLK	PHI	VIV	TIMB	LBRDA

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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

TIMB	+ 0.98	VIV
AMX	+ 0.89	ORAN
AMX	+ 0.87	TEF
PHI	+ 0.86	TLK
ORAN	+ 0.84	TEF
TIMB	+ 0.83	AMX

High negative correlations

KT	- 0.33	ORAN
KT	- 0.31	AMX
PHI	- 0.18	KT
KT	- 0.16	TEF
LBRDA	- 0.12	KT
TIMB	- 0.12	KT

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
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
SKM	0.87	(0.11)	0.00	(0.30)	0.00	0.00	1.96	(1.72)	6.54
AMX	1.21	(0.20)	0.00	1.94	0.00	0.00	1.80	(3.33)	6.98
KT	1.36	0.18	0.07	0.54	1.78	(1.53)	3.12	(2.62)	10.72
TLK	1.51	(0.19)	0.00	(0.32)	0.00	0.00	3.10	(3.19)	10.63
PHI	1.02	(0.20)	0.00	(0.66)	0.00	0.00	1.53	(2.63)	6.56
VIV	1.64	(0.14)	0.00	(0.29)	0.00	0.00	3.17	(4.02)	8.12
TIMB	1.69	(0.18)	0.00	(0.59)	0.00	0.00	3.15	(4.15)	8.88
LBRDA	1.67	(0.04)	(0.03)	0.00	2.49	(1.68)	2.94	(3.86)	21.18

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