Telkom Indonesia Correlations

TLK Stock

USD 16.48 0.29 1.79%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Telkom Indonesia moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Telkom Indonesia Tbk moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Telkom Indonesia Correlation With Market

Modest diversification

The correlation between Telkom Indonesia Tbk and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Telkom Indonesia Tbk 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 Telkom Indonesia Tbk. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with Telkom Stock

0.77	TU	Telus Corp	Pair Corr
0.87	AMX	America Movil SAB	Pair Corr
0.88	BCE	BCE Inc	Pair Corr
0.63	FYBR	Frontier Communications	Pair Corr
0.92	PHI	PLDT Inc ADR	Pair Corr
0.77	RCI	Rogers Communications	Pair Corr
0.86	TEF	Telefonica SA ADR	Pair Corr
0.73	VIV	Telefonica Brasil	Pair Corr
0.86	VOD	Vodafone Group PLC	Pair Corr
0.63	NVVEW	Nuvve Holding Corp	Pair Corr
0.85	LILA	Liberty Latin America	Pair Corr
0.78	LBTYB	Liberty Global PLC	Pair Corr
0.85	LBTYK	Liberty Global PLC	Pair Corr

Moving against Telkom Stock

0.77	TEO	Telecom Argentina	Pair Corr
0.73	TDS	Telephone and Data	Pair Corr
0.6	VEON	VEON	Pair Corr
0.41	T	ATT Inc Earnings Call This Week	Pair Corr
0.74	GSAT	Globalstar	Pair Corr
0.71	TKC	Turkcell Iletisim	Pair Corr
0.62	OOMA	Ooma Inc	Pair Corr
0.53	GOGO	Gogo Inc	Pair Corr
0.51	LBTYA	Liberty Global PLC	Pair Corr
0.46	UCL	Ucloudlink Group	Pair Corr
0.37	USM	United States Cellular	Pair Corr
0.37	RPID	Rapid Micro Biosystems	Pair Corr

Related Correlations Analysis

	LBRDK	CABO	LBRDP	LBTYA	SKM	KT	TIMB	LBRDA	PHI	VIV
LBRDK		0.6	-0.65	-0.19	0.45	0.01	0.46	1.0	-0.01	0.54	LBRDK
CABO	0.6		-0.35	0.6	0.31	0.45	-0.03	0.6	-0.46	0.01	CABO
LBRDP	-0.65	-0.35		0.24	-0.8	0.0	-0.82	-0.66	-0.44	-0.84	LBRDP
LBTYA	-0.19	0.6	0.24		-0.06	0.64	-0.56	-0.19	-0.67	-0.58	LBTYA
SKM	0.45	0.31	-0.8	-0.06		0.44	0.69	0.46	0.45	0.68	SKM
KT	0.01	0.45	0.0	0.64	0.44		-0.26	0.01	-0.32	-0.25	KT
TIMB	0.46	-0.03	-0.82	-0.56	0.69	-0.26		0.47	0.77	0.98	TIMB
LBRDA	1.0	0.6	-0.66	-0.19	0.46	0.01	0.47		0.0	0.55	LBRDA
PHI	-0.01	-0.46	-0.44	-0.67	0.45	-0.32	0.77	0.0		0.73	PHI
VIV	0.54	0.01	-0.84	-0.58	0.68	-0.25	0.98	0.55	0.73		VIV
	LBRDK	CABO	LBRDP	LBTYA	SKM	KT	TIMB	LBRDA	PHI	VIV

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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

LBRDA	+ 1.0	LBRDK
VIV	+ 0.98	TIMB
PHI	+ 0.77	TIMB
VIV	+ 0.73	PHI
TIMB	+ 0.69	SKM
VIV	+ 0.68	SKM

High negative correlations

VIV	- 0.84	LBRDP
TIMB	- 0.82	LBRDP
SKM	- 0.8	LBRDP
PHI	- 0.67	LBTYA
LBRDA	- 0.66	LBRDP
LBRDP	- 0.65	LBRDK

Risk-Adjusted Indicators

There is a big difference between Telkom Stock performing well and Telkom Indonesia 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 Telkom Indonesia'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
LBRDK	1.68	(0.03)	0.00	(0.10)	0.00	0.00	3.35	(3.68)	20.75
CABO	1.94	0.00	0.00	0.00	2.64	(2.14)	4.10	(4.95)	19.02
LBRDP	0.50	0.09	0.15	(0.50)	0.46	(0.61)	1.04	(0.95)	4.58
LBTYA	1.62	0.17	0.09	0.59	1.74	(1.97)	3.75	(2.92)	16.38
SKM	0.92	(0.12)	0.00	(0.84)	0.00	0.00	2.11	(1.72)	6.54
KT	1.37	0.14	0.08	0.46	1.80	(1.56)	4.23	(2.62)	11.99
TIMB	1.52	(0.32)	0.00	(2.84)	0.00	0.00	2.15	(4.15)	8.88
LBRDA	1.69	(0.04)	0.00	(0.11)	0.00	0.00	3.55	(3.86)	21.18
PHI	1.08	(0.24)	0.00	(0.78)	0.00	0.00	1.53	(2.63)	6.56
VIV	1.56	(0.24)	0.00	(1.11)	0.00	0.00	3.12	(4.02)	8.12

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