Telstra Correlations

TTRAF Stock

USD 3.05 0.00 0.00%

The current 90-days correlation between Telstra Limited and SwissCom AG is -0.17 (i.e., Good diversification). The correlation of Telstra 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.

Telstra Correlation With Market

Significant diversification

The correlation between Telstra Limited and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Telstra Limited and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Telstra Pink Sheet

0.46	VZ	Verizon Communications	Pair Corr
0.39	T	ATT Inc	Pair Corr
0.36	CMCSA	Comcast Corp	Pair Corr
0.31	DTEGF	Deutsche Telekom	Pair Corr

Related Correlations Analysis

	SCMWY	SWZCF	VODPF	BTGOF	AVIFY	TEFOF	TELNF	FNCTF	CLLNY	CHWRF
SCMWY		0.55	-0.35	0.3	0.06	0.47	0.38	-0.3	0.62	0.32	SCMWY
SWZCF	0.55		-0.51	-0.08	0.05	0.53	0.35	-0.05	0.24	0.37	SWZCF
VODPF	-0.35	-0.51		-0.12	0.03	-0.62	-0.51	0.43	-0.39	-0.09	VODPF
BTGOF	0.3	-0.08	-0.12		-0.33	0.38	0.5	-0.33	0.64	-0.18	BTGOF
AVIFY	0.06	0.05	0.03	-0.33		-0.31	-0.23	0.12	-0.27	0.45	AVIFY
TEFOF	0.47	0.53	-0.62	0.38	-0.31		0.69	-0.43	0.69	-0.1	TEFOF
TELNF	0.38	0.35	-0.51	0.5	-0.23	0.69		-0.55	0.69	0.04	TELNF
FNCTF	-0.3	-0.05	0.43	-0.33	0.12	-0.43	-0.55		-0.58	-0.06	FNCTF
CLLNY	0.62	0.24	-0.39	0.64	-0.27	0.69	0.69	-0.58		-0.13	CLLNY
CHWRF	0.32	0.37	-0.09	-0.18	0.45	-0.1	0.04	-0.06	-0.13		CHWRF
	SCMWY	SWZCF	VODPF	BTGOF	AVIFY	TEFOF	TELNF	FNCTF	CLLNY	CHWRF

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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

TELNF	+ 0.69	TEFOF
CLLNY	+ 0.69	TEFOF
CLLNY	+ 0.69	TELNF
CLLNY	+ 0.64	BTGOF
CLLNY	+ 0.62	SCMWY
SWZCF	+ 0.55	SCMWY

High negative correlations

TEFOF	- 0.62	VODPF
CLLNY	- 0.58	FNCTF
FNCTF	- 0.55	TELNF
TELNF	- 0.51	VODPF
VODPF	- 0.51	SWZCF
FNCTF	- 0.43	TEFOF

Risk-Adjusted Indicators

There is a big difference between Telstra Pink Sheet performing well and Telstra 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 Telstra'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
SCMWY	0.84	(0.01)	(0.08)	0.22	1.04	(0.92)	1.89	(1.75)	5.07
SWZCF	0.72	(0.03)	0.00	0.60	0.00	0.00	3.23	(3.81)	10.25
VODPF	3.42	0.22	0.03	0.22	4.77	(5.04)	12.00	(10.77)	29.87
BTGOF	2.00	(0.09)	0.00	(0.02)	0.00	0.00	3.91	(5.13)	10.84
AVIFY	5.86	0.63	0.06	(0.53)	6.72	(6.57)	15.30	(13.59)	35.35
TEFOF	3.98	(0.17)	0.00	(0.62)	0.00	0.00	8.55	(8.91)	20.36
TELNF	2.08	0.06	0.00	0.04	0.00	0.00	6.16	(5.90)	31.87
FNCTF	1.11	0.13	0.01	2.93	1.70	(2.96)	2.23	(2.78)	15.73
CLLNY	1.14	(0.13)	0.00	(0.58)	0.00	0.00	1.84	(2.38)	6.25
CHWRF	3.94	0.80	0.00	(0.91)	0.00	0.00	6.67	(10.67)	99.71

Be your own money manager

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

Lyndall Stoyles	Sustainability, Exec	Profile
Brendon BBus	Group Executive of Global Enterprise and Services	Profile
Nathan Burley	Head Relations	Profile
David Burns	Acting Group Executive - Global Enterprise and Services	Profile
Michael Ackland	Acting Group Executive	Profile
Nikos Katinakis	Group Executive - Networks & IT	Profile
Vicki Brady	Group Executive, Consumer and Small Business	Profile

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