U S Cellular Correlations

USM Stock

USD 67.58 1.71 2.60%

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

U S Cellular Correlation With Market

Average diversification

The correlation between United States Cellular and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding United States Cellular 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 United States Cellular. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with USM Stock

0.64	T	ATT Inc Aggressive Push	Pair Corr
0.68	TMUS	T Mobile	Pair Corr

Related Correlations Analysis

	TDS-PV	VOD	LUMN	ATUS	ATNI	RADI	KT	SKM	OOMA
TDS-PV		0.11	0.13	0.67	0.06	0.0	0.42	0.05	-0.12	TDS-PV
VOD	0.11		0.51	-0.19	0.7	0.0	0.17	0.7	0.31	VOD
LUMN	0.13	0.51		-0.31	0.86	0.0	-0.36	0.6	-0.4	LUMN
ATUS	0.67	-0.19	-0.31		-0.32	0.0	0.53	-0.26	0.15	ATUS
ATNI	0.06	0.7	0.86	-0.32		0.0	-0.14	0.79	-0.05	ATNI
RADI	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	RADI
KT	0.42	0.17	-0.36	0.53	-0.14	0.0		0.34	0.48	KT
SKM	0.05	0.7	0.6	-0.26	0.79	0.0	0.34		0.2	SKM
OOMA	-0.12	0.31	-0.4	0.15	-0.05	0.0	0.48	0.2		OOMA
	TDS-PV	VOD	LUMN	ATUS	ATNI	RADI	KT	SKM	OOMA

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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

ATNI	+ 0.86	LUMN
SKM	+ 0.79	ATNI
ATNI	+ 0.7	VOD
SKM	+ 0.7	VOD
ATUS	+ 0.67	TDS-PV
SKM	+ 0.6	LUMN

High negative correlations

OOMA	- 0.4	LUMN
KT	- 0.36	LUMN
ATNI	- 0.32	ATUS
ATUS	- 0.31	LUMN
SKM	- 0.26	ATUS
ATUS	- 0.19	VOD

Risk-Adjusted Indicators

There is a big difference between USM Stock performing well and U S Cellular 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 U S Cellular'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
TDS-PV	0.78	(0.08)	0.00	(0.12)	0.00	0.00	2.39	(1.69)	6.99
VOD	1.15	(0.12)	0.00	(0.67)	0.00	0.00	2.39	(2.55)	9.05
LUMN	2.61	(1.05)	0.00	(1.76)	0.00	0.00	4.93	(4.80)	24.24
ATUS	2.99	0.19	0.05	0.12	3.71	(3.02)	6.87	(5.79)	15.55
ATNI	1.82	(0.28)	0.00	(0.23)	0.00	0.00	3.10	(3.51)	11.34
RADI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KT	1.31	0.21	0.14	0.24	1.25	(1.51)	2.83	(2.45)	9.50
SKM	0.86	(0.03)	0.00	(0.05)	0.00	0.00	1.93	(1.72)	6.54
OOMA	1.68	0.25	0.12	0.39	1.88	(1.93)	3.72	(2.36)	11.40

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