TPG Telecom Correlations

TPGTF Stock

USD 2.95 0.00 0.00%

The current 90-days correlation between TPG Telecom Limited and Pearson PLC ADR is 0.01 (i.e., Significant diversification). The correlation of TPG Telecom 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.

TPG Telecom Correlation With Market

Good diversification

The correlation between TPG Telecom Limited and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TPG Telecom Limited and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against TPG Pink Sheet

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0.69	GILT	Gilat Satellite Networks	Pair Corr
0.66	V	Visa Class A	Pair Corr
0.59	EC	Ecopetrol SA ADR	Pair Corr
0.51	T	ATT Inc Earnings Call This Week	Pair Corr
0.48	GILD	Gilead Sciences Earnings Call This Week	Pair Corr
0.42	DTEGF	Deutsche Telekom	Pair Corr
0.79	GE	GE Aerospace	Pair Corr
0.65	CHKP	Check Point Software Earnings Call This Week	Pair Corr
0.56	CSCO	Cisco Systems	Pair Corr
0.44	BA	Boeing	Pair Corr
0.4	IBM	International Business Tech Boost	Pair Corr
0.36	LPTH	LightPath Technologies Earnings Call This Week	Pair Corr
0.31	OILCF	Permex Petroleum Trending	Pair Corr

Related Correlations Analysis

	PSO	ALFDF	DIT	ZNAE	WBTN	TBBB	INGR	ASTVF
PSO		0.37	0.1	0.0	0.78	-0.65	-0.01	-0.56	PSO
ALFDF	0.37		-0.47	0.0	0.24	-0.02	-0.25	-0.06	ALFDF
DIT	0.1	-0.47		0.0	0.22	-0.42	0.32	-0.25	DIT
ZNAE	0.0	0.0	0.0		0.0	0.0	0.0	0.0	ZNAE
WBTN	0.78	0.24	0.22	0.0		-0.7	-0.25	-0.74	WBTN
TBBB	-0.65	-0.02	-0.42	0.0	-0.7		0.07	0.69	TBBB
INGR	-0.01	-0.25	0.32	0.0	-0.25	0.07		0.13	INGR
ASTVF	-0.56	-0.06	-0.25	0.0	-0.74	0.69	0.13		ASTVF
	PSO	ALFDF	DIT	ZNAE	WBTN	TBBB	INGR	ASTVF

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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

WBTN	+ 0.78	PSO
ASTVF	+ 0.69	TBBB
ALFDF	+ 0.37	PSO
INGR	+ 0.32	DIT
WBTN	+ 0.24	ALFDF
WBTN	+ 0.22	DIT

High negative correlations

ASTVF	- 0.74	WBTN
TBBB	- 0.7	WBTN
TBBB	- 0.65	PSO
ASTVF	- 0.56	PSO
DIT	- 0.47	ALFDF
TBBB	- 0.42	DIT

Risk-Adjusted Indicators

There is a big difference between TPG Pink Sheet performing well and TPG Telecom 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 TPG Telecom'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
PSO	0.93	0.29	0.20	0.97	0.74	(0.99)	3.36	(1.84)	6.66
ALFDF	0.12	0.04	0.00	0.50	0.00	0.00	0.00	0.00	4.08
DIT	2.92	0.00	0.00	0.10	0.00	0.00	7.09	(6.20)	18.21
ZNAE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WBTN	2.39	0.22	0.05	0.88	2.93	(2.38)	5.44	(5.15)	13.59
TBBB	1.92	(0.15)	0.00	(0.31)	0.00	0.00	3.61	(3.97)	15.05
INGR	1.08	(0.07)	(0.02)	0.02	1.48	(1.10)	1.41	(2.02)	21.14
ASTVF	0.26	0.08	0.00	(0.29)	0.00	0.00	0.00	0.00	3.51

Be your own money manager

Our tools can tell you how much better you can do entering a position in TPG Telecom 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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TPG Telecom Corporate Management

Jen Zemek	Head Affairs	Profile
Bruce Song	Investor Mang	Profile
Giovanni Chiarelli	Chief Officer	Profile
BComm BCom	Chief Officer	Profile
Kieren Cooney	Group Consumer	Profile
Trent Czinner	Company Affairs	Profile

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