Deutsche Telekom Correlations

Stocks . Germany . 
Stock . Deutsche Telekom AG
DTE Stock  EUR 33.76  0.41  1.23%   
The correlation of Deutsche Telekom 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.

Deutsche Telekom Correlation With Market

Significant diversification

The correlation between Deutsche Telekom AG and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Telekom AG and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Deutsche Telekom could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Deutsche Telekom 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 Deutsche Telekom - 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 Deutsche Telekom AG to buy it.

Moving together with Deutsche Stock

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  0.98DTEA Deutsche TelekomPairCorr
  1.0DTE Deutsche TelekomPairCorr
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  0.92TLLB Trelleborg ABPairCorr
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  0.77JYS1 JYSKE BANKPairCorr
  0.92DBPE Xtrackers LevDAXPairCorr
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Moving against Deutsche Stock

  0.71NLV Nippon TelegraphPairCorr
  0.62NTT Nippon TelegraphPairCorr
  0.52HHP2 Hon Hai PrecisionPairCorr
  0.49AMZ Amazon IncPairCorr
  0.48AMZ Amazon IncPairCorr
  0.92DBPD Xtrackers ShortDAXPairCorr
  0.46TTO TTL Beteiligungs undPairCorr
  0.34T9V TASTY PLC LSPairCorr

Related Correlations Analysis

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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   
63TA
+ 0.64
P4Q
I43
+ 0.56
P4Q
I43
+ 0.54
63TA
SW6
+ 0.5
P4Q
63TA
+ 0.46
SW6
I43
+ 0.15
SW6
  
High negative correlations   
GM6
- 1.0
90AA
52SA
- 0.41
P4Q
52SA
- 0.06
SW6
GM6
- 0.0
I43
GM6
- 0.0
52SA
GM6
- 0.0
63TA

Risk-Adjusted Indicators

There is a big difference between Deutsche Stock performing well and Deutsche Telekom 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 Deutsche Telekom'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.

Be your own money manager

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

Elected by the shareholders, the Deutsche Telekom's board of directors comprises two types of representatives: Deutsche Telekom inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Deutsche. The board's role is to monitor Deutsche Telekom's management team and ensure that shareholders' interests are well served. Deutsche Telekom'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, Deutsche Telekom's outside directors are responsible for providing unbiased perspectives on the board's policies.
Thorsten LangheimMember USAProfile
Yvette LeroyMember BoardEuropeProfile
Srinivasan GopalanManagement GmbHProfile
Peter LeukertGroup OfficerProfile
Timotheus HottgesCEO BoardProfile
Claudia NematMember InnovationProfile
Christian IllekCFO BoardProfile
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