Technology Telecommunicatio Correlations
| TETEDelisted Stock | USD 12.08 0.00 0.00% |
The correlation of Technology Telecommunicatio 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.
Technology Telecommunicatio Correlation With Market
Poor diversification
The correlation between Technology Telecommunication and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Technology Telecommunication and DJI in the same portfolio, assuming nothing else is changed.
Technology |
Moving together with Technology Stock
| 0.74 | BKRKY | Bank Rakyat Normal Trading | PairCorr |
| 0.78 | KB | KB Financial Group | PairCorr |
| 0.78 | SHG | Shinhan Financial | PairCorr |
| 0.72 | WF | Woori Financial Group | PairCorr |
| 0.71 | GL-PD | Globe Life 425 | PairCorr |
| 0.84 | SBKO | Summit Bank Group | PairCorr |
| 0.69 | ADEA | ADEIA P Tech Boost | PairCorr |
| 0.85 | VHI | Valhi Inc Earnings Call This Week | PairCorr |
| 0.8 | ESCA | Escalade Incorporated | PairCorr |
| 0.87 | CMI | Cummins | PairCorr |
| 0.77 | MFGCF | Mayfair Gold Corp | PairCorr |
| 0.89 | TG | Tredegar | PairCorr |
| 0.75 | VKQ | Invesco Municipal Trust | PairCorr |
| 0.88 | RHHVF | Roche Holding AG | PairCorr |
| 0.89 | INGR | Ingredion Incorporated | PairCorr |
| 0.83 | BKCYF | Bank Of Cyprus Holdings P Normal Trading | PairCorr |
| 0.9 | GEL | Genesis Energy LP | PairCorr |
| 0.76 | OXY | Occidental Petroleum | PairCorr |
| 0.84 | CGON | CG Oncology Common | PairCorr |
| 0.83 | BCO | Brinks Company | PairCorr |
| 0.91 | VALE | Vale SA ADR Aggressive Push | PairCorr |
| 0.69 | XYIGY | Xinyi Glass Holdings | PairCorr |
| 0.76 | NTRSO | Northern Trust | PairCorr |
| 0.86 | BNL | Broadstone Net Lease | PairCorr |
| 0.76 | MEEEF | Metal Energy Corp | PairCorr |
| 0.92 | TDY | Teledyne Technologies | PairCorr |
| 0.84 | ABCB | Ameris Bancorp | PairCorr |
| 0.81 | WLK | Westlake Chemical | PairCorr |
| 0.82 | TWMIF | Tidewater Midstream and Earnings Call This Week | PairCorr |
| 0.91 | SOJE | Southern Company | PairCorr |
Moving against Technology Stock
| 0.85 | PBCRY | Bank Central Asia | PairCorr |
| 0.6 | PBCRF | PT Bank Central | PairCorr |
| 0.49 | EYPT | Eyepoint Pharmaceuticals Earnings Call This Week | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Technology Stock performing well and Technology Telecommunicatio 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 Technology Telecommunicatio'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GTI | 8.61 | 0.40 | 0.03 | 0.57 | 14.30 | 19.74 | 128.11 | |||
| FEXD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| LIVB | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MDAI | 2.99 | (0.03) | (0.02) | 0.05 | 3.59 | 6.29 | 17.06 | |||
| BNAI | 20.89 | 7.17 | 0.54 | 2.16 | 11.36 | 62.50 | 329.67 | |||
| NPAB | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CMCA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| HPLT | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CBRG | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Technology Telecommunicatio Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Technology Telecommunicatio stock to make a market-neutral strategy. Peer analysis of Technology Telecommunicatio could also be used in its relative valuation, which is a method of valuing Technology Telecommunicatio by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Technology Telecommunication?
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