PLDT Correlations

PHI Stock

USD 23.36 0.49 2.05%

The current 90-days correlation between PLDT Inc ADR and KT Corporation is 0.02 (i.e., Significant diversification). The correlation of PLDT 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.

PLDT Correlation With Market

Average diversification

The correlation between PLDT Inc ADR 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 PLDT Inc ADR and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PLDT Inc ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with PLDT Stock

0.8	T	ATT Inc Earnings Call This Week	Pair Corr
0.77	VZ	Verizon Communications Aggressive Push	Pair Corr
0.78	SE	Sea Potential Growth	Pair Corr
0.67	SY	So Young International	Pair Corr
0.68	TU	Telus Corp	Pair Corr
0.64	YY	YY Inc Class	Pair Corr
0.78	ZH	Zhihu Inc ADR Earnings Call This Week	Pair Corr
0.79	EVER	EverQuote Class A	Pair Corr

Moving against PLDT Stock

0.76	DJCO	Daily Journal Corp	Pair Corr
0.68	EB	Eventbrite Class A	Pair Corr
0.54	TC	TuanChe ADR	Pair Corr
0.53	ZD	Ziff Davis	Pair Corr
0.44	SJ	Scienjoy Holding Corp	Pair Corr
0.43	OB	Outbrain	Pair Corr
0.77	WLYB	John Wiley Sons	Pair Corr
0.76	WBTN	WEBTOON Entertainment	Pair Corr
0.6	ADD	Color Star Technology	Pair Corr
0.59	DIS	Walt Disney	Pair Corr
0.54	DDI	Doubledown Interactive	Pair Corr
0.52	CNK	Cinemark Holdings	Pair Corr
0.51	AMC	AMC Entertainment Aggressive Push	Pair Corr
0.51	DJT	Trump Media Technology Symbol Change	Pair Corr
0.45	DRCT	Direct Digital Holdings Earnings Call This Week	Pair Corr
0.44	WIMI	WiMi Hologram Cloud	Pair Corr
0.41	ADV	Advantage Solutions Buyout Trend	Pair Corr

Related Correlations Analysis

	KT	VIV	ORAN	TIMB	SKM	LBRDK	LBRDA	TLK	CABO	LBRDP
KT		0.75	0.0	0.82	0.41	0.72	0.72	-0.46	-0.8	0.42	KT
VIV	0.75		0.0	0.88	0.52	0.51	0.49	-0.37	-0.72	0.38	VIV
ORAN	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	ORAN
TIMB	0.82	0.88	0.0		0.54	0.74	0.73	-0.66	-0.87	0.23	TIMB
SKM	0.41	0.52	0.0	0.54		0.43	0.4	-0.13	-0.38	0.23	SKM
LBRDK	0.72	0.51	0.0	0.74	0.43		1.0	-0.51	-0.65	0.16	LBRDK
LBRDA	0.72	0.49	0.0	0.73	0.4	1.0		-0.51	-0.64	0.16	LBRDA
TLK	-0.46	-0.37	0.0	-0.66	-0.13	-0.51	-0.51		0.78	0.14	TLK
CABO	-0.8	-0.72	0.0	-0.87	-0.38	-0.65	-0.64	0.78		-0.19	CABO
LBRDP	0.42	0.38	0.0	0.23	0.23	0.16	0.16	0.14	-0.19		LBRDP
	KT	VIV	ORAN	TIMB	SKM	LBRDK	LBRDA	TLK	CABO	LBRDP

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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

LBRDA	+ 1.0	LBRDK
TIMB	+ 0.88	VIV
TIMB	+ 0.82	KT
CABO	+ 0.78	TLK
VIV	+ 0.75	KT
LBRDK	+ 0.74	TIMB

High negative correlations

CABO	- 0.87	TIMB
CABO	- 0.8	KT
CABO	- 0.72	VIV
TLK	- 0.66	TIMB
CABO	- 0.65	LBRDK
CABO	- 0.64	LBRDA

Risk-Adjusted Indicators

There is a big difference between PLDT Stock performing well and PLDT 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 PLDT'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
KT	1.00	0.21	0.25	(1.15)	0.88	(1.09)	2.04	(1.56)	6.92
VIV	1.42	0.23	0.15	0.77	1.73	(1.68)	3.51	(1.97)	11.36
ORAN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TIMB	1.42	0.41	0.22	5.89	1.65	(1.55)	3.45	(2.54)	14.05
SKM	0.93	(0.02)	0.07	(0.01)	1.11	(0.95)	2.24	(1.72)	5.06
LBRDK	1.36	0.11	0.08	0.32	1.87	(1.42)	2.68	(2.97)	9.15
LBRDA	1.35	0.11	0.08	0.37	1.89	(1.37)	2.54	(2.65)	9.58
TLK	1.66	(0.08)	0.00	5.23	0.00	0.00	3.91	(3.38)	11.21
CABO	2.44	(0.54)	0.00	(1.26)	0.00	0.00	4.12	(6.18)	22.18
LBRDP	0.60	0.02	0.11	(0.20)	0.81	(0.64)	1.17	(1.19)	6.54

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