T Mobile Correlations

TMUS Stock

USD 235.47 2.27 0.97%

The current 90-days correlation between T Mobile and ATT Inc is 0.17 (i.e., Average 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. If the correlation is 0, the equities are not correlated; they are entirely random.

T Mobile Correlation With Market

Weak diversification

The correlation between T Mobile and DJI is 0.36 (i.e., Weak diversification) 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.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in T Mobile. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

For more information on how to buy TMUS Stock please use our How to Invest in T Mobile guide.

Moving together with TMUS Stock

0.76	T	ATT Inc Aggressive Push	Pair Corr
0.73	LUMN	Lumen Technologies	Pair Corr
0.67	Z	Zillow Group Class	Pair Corr
0.7	EA	Electronic Arts	Pair Corr
0.83	SE	Sea	Pair Corr
0.66	ZG	Zillow Group	Pair Corr
0.84	VEON	VEON	Pair Corr
0.63	ANGHW	Anghami Warrants	Pair Corr

Moving against TMUS Stock

0.87	BCE	BCE Inc	Pair Corr
0.85	TC	TuanChe ADR	Pair Corr
0.84	TLK	Telkom Indonesia Tbk	Pair Corr
0.82	VOD	Vodafone Group PLC	Pair Corr
0.63	TU	Telus Corp	Pair Corr
0.58	DLPN	Dolphin Entertainment	Pair Corr
0.56	LBTYK	Liberty Global PLC	Pair Corr
0.53	SHEN	Shenandoah Telecommunicatio	Pair Corr
0.52	LILA	Liberty Latin America	Pair Corr
0.39	LBTYB	Liberty Global PLC	Pair Corr
0.79	EVER	EverQuote Class A	Pair Corr
0.74	ADD	Color Star Technology	Pair Corr
0.7	CHT	Chunghwa Telecom	Pair Corr
0.63	ADV	Advantage Solutions	Pair Corr
0.6	AMC	AMC Entertainment	Pair Corr
0.58	AMX	America Movil SAB	Pair Corr
0.56	WWRL	World Wireless Commu	Pair Corr
0.53	EMWPF	Eros Media World	Pair Corr
0.51	BATRA	Atlanta Braves Holdings,	Pair Corr
0.48	CELJF	Cellcom Israel	Pair Corr

Related Correlations Analysis

	T	CMCSA	LUMN	DISH	VZ	CHTR	CABO	ATUS
T		0.71	0.62	-0.33	0.3	0.26	0.37	0.84	T
CMCSA	0.71		0.8	-0.03	-0.17	0.6	0.7	0.81	CMCSA
LUMN	0.62	0.8		0.08	-0.17	0.71	0.76	0.71	LUMN
DISH	-0.33	-0.03	0.08		-0.45	0.34	0.21	-0.3	DISH
VZ	0.3	-0.17	-0.17	-0.45		-0.58	-0.44	0.16	VZ
CHTR	0.26	0.6	0.71	0.34	-0.58		0.89	0.27	CHTR
CABO	0.37	0.7	0.76	0.21	-0.44	0.89		0.39	CABO
ATUS	0.84	0.81	0.71	-0.3	0.16	0.27	0.39		ATUS
	T	CMCSA	LUMN	DISH	VZ	CHTR	CABO	ATUS

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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

CABO	+ 0.89	CHTR
ATUS	+ 0.84	T
ATUS	+ 0.81	CMCSA
LUMN	+ 0.8	CMCSA
CABO	+ 0.76	LUMN
CMCSA	+ 0.71	T

High negative correlations

CHTR	- 0.58	VZ
VZ	- 0.45	DISH
CABO	- 0.44	VZ
DISH	- 0.33	T
ATUS	- 0.3	DISH
VZ	- 0.17	LUMN

Risk-Adjusted Indicators

There is a big difference between TMUS 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
T	0.91	0.26	0.16	(47.59)	0.84	(1.03)	2.56	(1.72)	6.47
CMCSA	1.03	0.04	0.03	0.12	1.13	(1.16)	2.52	(2.10)	8.17
LUMN	3.86	0.16	0.07	0.13	4.64	(4.30)	9.55	(8.11)	27.32
DISH	3.42	0.08	0.00	2.25	4.14	(3.98)	6.90	(6.81)	28.09
VZ	0.95	0.07	(0.01)	4.74	1.35	(1.00)	2.16	(2.05)	8.86
CHTR	1.64	0.08	0.06	0.15	1.53	(1.99)	3.63	(2.95)	15.54
CABO	2.09	0.08	0.06	0.13	2.50	(2.22)	4.42	(4.54)	18.76
ATUS	3.02	0.64	0.21	2.10	2.46	(3.76)	8.64	(4.30)	21.00

T Mobile Corporate Executives

Elected by the shareholders, the T Mobile's board of directors comprises two types of representatives: T Mobile inside directors who are chosen from within the company, and outside directors, selected externally and held independent of TMUS. The board's role is to monitor T Mobile's management team and ensure that shareholders' interests are well served. T Mobile'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, T Mobile's outside directors are responsible for providing unbiased perspectives on the board's policies.

	John Saw	Executive CTO	Profile
	Neville Ray	CTO and Executive VP	Profile

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