T-Mobile Correlations

TM5 Stock

EUR 165.56 4.82 3.00%

The current 90-days correlation between T Mobile and BYD Company Limited is -0.12 (i.e., Good diversification). The correlation of T-Mobile 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.

T-Mobile Correlation With Market

Pay attention - limited upside

The correlation between T Mobile and DJI is -0.81 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding T Mobile and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to T-Mobile could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace T-Mobile 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 T-Mobile - 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 T Mobile to buy it.

Moving together with T-Mobile Stock

0.73	BRH	Berkshire Hathaway	Pair Corr
0.81	LSPP	Chocoladefabriken Lindt	Pair Corr
0.61	BDD	CONICO LTD Split	Pair Corr
0.84	MUM	Mensch und Maschine	Pair Corr
0.64	SOBA	ATT Inc	Pair Corr

Moving against T-Mobile Stock

0.89	4HF	Hoist Finance AB Earnings Call This Week	Pair Corr
0.87	WDC	WESTERN DIGITAL	Pair Corr
0.84	4OQ1	AGNC Investment Corp	Pair Corr
0.83	6HS	Horseshoe Metals	Pair Corr
0.82	DP4B	AP Mller Earnings Call Tomorrow	Pair Corr
0.82	943	FREY EO 250	Pair Corr
0.79	8SF	SLIGRO FOOD GROUP Earnings Call Tomorrow	Pair Corr
0.78	DP4A	AP Mller Earnings Call Tomorrow	Pair Corr
0.78	UEO	Westlake Chemical	Pair Corr
0.77	WA9	Wabash National Earnings Call Today	Pair Corr
0.77	GJ9	SLC Agricola SA Split	Pair Corr
0.75	2X0	Corteva	Pair Corr
0.69	AM8	AMAG Austria Metall	Pair Corr
0.67	S0V	Seaboard	Pair Corr
0.67	IHF	Safestore Holdings plc	Pair Corr
0.63	HHX	HAMMONIA Schiffsholding	Pair Corr
0.63	ENI	Eni SpA	Pair Corr
0.54	2VZ	LEONARDO DRS INC	Pair Corr
0.37	WAC	Wacker Neuson SE	Pair Corr
0.33	NVE	NVR Inc	Pair Corr
0.9	H3M	Hochschild Mining plc	Pair Corr
0.86	XSI	Sanyo Chemical Industries	Pair Corr
0.85	WWR	Woolworths Group	Pair Corr
0.81	SSU	Samsung Electronics	Pair Corr
0.8	GZF	Engie SA	Pair Corr
0.78	NEF	NESTE OIL Earnings Call Tomorrow	Pair Corr
0.77	CU3	Cohu Inc	Pair Corr
0.74	LUS1	Lang Schwarz Aktieng	Pair Corr
0.74	5P8	Blue Foundry Bancorp Earnings Call Tomorrow	Pair Corr
0.73	JUN3	Jungheinrich AG ONVZO	Pair Corr
0.68	2MF	MOBILE FACTORY INC	Pair Corr
0.67	DBPE	Xtrackers LevDAX	Pair Corr
0.65	GCB	PTT Global Chemical	Pair Corr
0.61	MUM	Mensch und Maschine	Pair Corr

Related Correlations Analysis

	WMT	WMT	AMZ	BY6	013A	CSA	VOWB
WMT		0.99	-0.2	-0.47	-0.63	0.75	0.75	WMT
WMT	0.99		-0.22	-0.47	-0.63	0.76	0.76	WMT
AMZ	-0.2	-0.22		0.24	0.46	-0.12	-0.34	AMZ
BY6	-0.47	-0.47	0.24		0.7	-0.12	-0.5	BY6
013A	-0.63	-0.63	0.46	0.7		-0.35	-0.69	013A
CSA	0.75	0.76	-0.12	-0.12	-0.35		0.6	CSA
VOWB	0.75	0.76	-0.34	-0.5	-0.69	0.6		VOWB
	WMT	WMT	AMZ	BY6	013A	CSA	VOWB

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

WMT	+ 0.99	WMT
CSA	+ 0.76	WMT
VOWB	+ 0.76	WMT
CSA	+ 0.75	WMT
VOWB	+ 0.75	WMT
013A	+ 0.7	BY6

High negative correlations

VOWB	- 0.69	013A
013A	- 0.63	WMT
013A	- 0.63	WMT
VOWB	- 0.5	BY6
BY6	- 0.47	WMT
BY6	- 0.47	WMT

Risk-Adjusted Indicators

There is a big difference between T-Mobile Stock performing well and T-Mobile 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 T-Mobile'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
WMT	1.07	0.27	0.25	0.43	0.72	(1.31)	2.53	(1.58)	9.52
WMT	1.17	0.27	0.21	0.54	0.90	(1.41)	3.19	(1.77)	10.70
AMZ	1.42	0.02	0.00	0.08	1.67	(1.52)	2.90	(2.91)	12.40
BY6	1.52	(0.31)	0.00	(0.62)	0.00	0.00	3.55	(3.16)	13.38
013A	1.26	(0.38)	0.00	(0.85)	0.00	0.00	2.39	(2.74)	7.52
CSA	1.44	(0.12)	0.00	(0.11)	0.00	0.00	3.49	(3.24)	9.62
VOWB	1.76	0.24	0.08	1.70	1.99	(2.49)	4.85	(3.80)	11.88

Be your own money manager

Our tools can tell you how much better you can do entering a position in T-Mobile 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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