KT Correlations

KT Stock

USD 18.18 0.22 1.20%

The current 90-days correlation between KT Corporation and PLDT Inc ADR is 0.25 (i.e., Modest diversification). The correlation of KT 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.

KT Correlation With Market

Very weak diversification

The correlation between KT Corp. and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding KT Corp. and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in KT Corporation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with KT Stock

0.78	T	ATT Inc Earnings Call This Week	Pair Corr
0.72	VZ	Verizon Communications	Pair Corr
0.73	PHI	PLDT Inc ADR	Pair Corr
0.76	SE	Sea	Pair Corr
0.75	TU	Telus Corp Potential Growth	Pair Corr
0.65	WB	Weibo Corp	Pair Corr
0.84	YY	YY Inc Class	Pair Corr
0.64	ZH	Zhihu Inc ADR Earnings Call This Week	Pair Corr
0.73	EVER	EverQuote Class A	Pair Corr
0.65	BATRA	Atlanta Braves Holdings,	Pair Corr

Moving against KT Stock

0.86	DJCO	Daily Journal Corp	Pair Corr
0.74	OB	Outbrain	Pair Corr
0.68	ZD	Ziff Davis	Pair Corr
0.65	EB	Eventbrite Class A	Pair Corr
0.64	TC	TuanChe ADR	Pair Corr
0.58	EA	Electronic Arts	Pair Corr
0.5	VSME	VS Media Holdings	Pair Corr
0.45	DLPN	Dolphin Entertainment Earnings Call This Week	Pair Corr
0.38	DRCT	Direct Digital Holdings Earnings Call This Week	Pair Corr
0.37	SJ	Scienjoy Holding Corp	Pair Corr
0.84	AMC	AMC Entertainment Aggressive Push	Pair Corr
0.8	DJT	Trump Media Technology Symbol Change	Pair Corr
0.79	ADD	Color Star Technology	Pair Corr
0.73	WBTN	WEBTOON Entertainment	Pair Corr
0.73	EEX	Emerald Expositions	Pair Corr
0.72	CNK	Cinemark Holdings	Pair Corr
0.71	EVC	Entravision Communications	Pair Corr
0.7	DDI	Doubledown Interactive	Pair Corr
0.67	CCO	Clear Channel Outdoor	Pair Corr

Related Correlations Analysis

	PHI	VIV	ORAN	TIMB	TLK	SKM	LBRDA	CABO	LBTYK	LILAK
PHI		0.61	0.0	0.8	-0.53	0.2	0.62	-0.77	-0.52	0.45	PHI
VIV	0.61		0.0	0.89	-0.33	0.42	0.43	-0.71	-0.72	0.6	VIV
ORAN	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	ORAN
TIMB	0.8	0.89	0.0		-0.6	0.43	0.65	-0.86	-0.64	0.62	TIMB
TLK	-0.53	-0.33	0.0	-0.6		-0.05	-0.36	0.76	0.46	-0.13	TLK
SKM	0.2	0.42	0.0	0.43	-0.05		0.42	-0.22	-0.04	0.35	SKM
LBRDA	0.62	0.43	0.0	0.65	-0.36	0.42		-0.48	-0.1	0.53	LBRDA
CABO	-0.77	-0.71	0.0	-0.86	0.76	-0.22	-0.48		0.73	-0.35	CABO
LBTYK	-0.52	-0.72	0.0	-0.64	0.46	-0.04	-0.1	0.73		-0.33	LBTYK
LILAK	0.45	0.6	0.0	0.62	-0.13	0.35	0.53	-0.35	-0.33		LILAK
	PHI	VIV	ORAN	TIMB	TLK	SKM	LBRDA	CABO	LBTYK	LILAK

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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

TIMB	+ 0.89	VIV
TIMB	+ 0.8	PHI
CABO	+ 0.76	TLK
LBTYK	+ 0.73	CABO
LBRDA	+ 0.65	TIMB
LBRDA	+ 0.62	PHI

High negative correlations

CABO	- 0.86	TIMB
CABO	- 0.77	PHI
LBTYK	- 0.72	VIV
CABO	- 0.71	VIV
LBTYK	- 0.64	TIMB
TLK	- 0.6	TIMB

Risk-Adjusted Indicators

There is a big difference between KT Stock performing well and KT 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 KT'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
PHI	0.95	0.11	0.11	0.39	1.37	(0.98)	1.81	(1.97)	8.54
VIV	1.55	0.11	0.07	0.15	2.08	(1.68)	3.51	(3.54)	11.36
ORAN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TIMB	1.53	0.30	0.14	0.40	2.17	(1.56)	3.45	(4.15)	14.05
TLK	1.73	(0.22)	0.00	(0.72)	0.00	0.00	3.91	(4.29)	11.21
SKM	0.92	0.01	0.00	(0.05)	0.00	0.00	2.24	(1.72)	5.06
LBRDA	1.39	0.07	0.04	0.02	1.98	(1.37)	2.80	(3.12)	9.58
CABO	2.34	(0.56)	0.00	(2.35)	0.00	0.00	4.12	(6.18)	22.18
LBTYK	1.09	(0.12)	0.00	(0.31)	0.00	0.00	2.36	(1.84)	8.33
LILAK	1.90	0.05	0.03	0.01	2.46	(1.81)	4.29	(4.09)	12.02

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