PLDT Correlations

PHI Stock

USD 23.67 0.26 1.09%

The current 90-days correlation between PLDT Inc ADR and KT Corporation is 0.06 (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

Modest diversification

The correlation between PLDT Inc ADR and DJI is 0.28 (i.e., Modest 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

0.74	T	ATT Inc Aggressive Push	Pair Corr
0.65	IHS	IHS Holding	Pair Corr
0.64	TDS	Telephone and Data	Pair Corr
0.66	USM	United States Cellular	Pair Corr
0.63	VIV	Telefonica Brasil	Pair Corr
0.67	TIMB	TIM Participacoes	Pair Corr

Moving against PLDT Stock

0.6	UCL	Ucloudlink Group	Pair Corr
0.53	GSAT	Globalstar, Common Stock Earnings Call Today	Pair Corr
0.44	LUMN	Lumen Technologies	Pair Corr
0.34	TEO	Telecom Argentina	Pair Corr
0.33	RCI	Rogers Communications	Pair Corr
0.59	DJCO	Daily Journal Corp	Pair Corr
0.56	LBTYB	Liberty Global PLC Upward Rally	Pair Corr
0.44	LBTYA	Liberty Global PLC	Pair Corr
0.44	SHEN	Shenandoah Telecommunicatio	Pair Corr
0.38	LBTYK	Liberty Global PLC	Pair Corr
0.38	EA	Electronic Arts	Pair Corr
0.36	TC	TuanChe ADR	Pair Corr
0.35	ZI	ZoomInfo Technologies	Pair Corr

Related Correlations Analysis

	KT	VIV	ORAN	TIMB	SKM	LBRDK	LBRDA	TLK	CABO	LBRDP
KT		0.55	0.0	0.51	0.44	0.24	0.29	0.05	-0.27	0.19	KT
VIV	0.55		0.0	0.93	0.28	0.46	0.5	-0.23	-0.38	0.0	VIV
ORAN	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	ORAN
TIMB	0.51	0.93	0.0		0.35	0.49	0.51	-0.27	-0.38	-0.02	TIMB
SKM	0.44	0.28	0.0	0.35		0.79	0.77	0.35	0.51	-0.64	SKM
LBRDK	0.24	0.46	0.0	0.49	0.79		0.92	0.4	0.53	-0.71	LBRDK
LBRDA	0.29	0.5	0.0	0.51	0.77	0.92		0.37	0.51	-0.7	LBRDA
TLK	0.05	-0.23	0.0	-0.27	0.35	0.4	0.37		0.65	-0.42	TLK
CABO	-0.27	-0.38	0.0	-0.38	0.51	0.53	0.51	0.65		-0.8	CABO
LBRDP	0.19	0.0	0.0	-0.02	-0.64	-0.71	-0.7	-0.42	-0.8		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

TIMB	+ 0.93	VIV
LBRDA	+ 0.92	LBRDK
LBRDK	+ 0.79	SKM
LBRDA	+ 0.77	SKM
CABO	+ 0.65	TLK
VIV	+ 0.55	KT

High negative correlations

LBRDP	- 0.8	CABO
LBRDP	- 0.71	LBRDK
LBRDP	- 0.7	LBRDA
LBRDP	- 0.64	SKM
LBRDP	- 0.42	TLK
CABO	- 0.38	TIMB

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	1.24	0.23	0.15	0.25	1.25	(1.36)	2.83	(2.45)	9.50
VIV	1.52	0.05	0.02	0.09	2.01	(1.58)	3.20	(3.11)	8.12
ORAN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TIMB	1.62	0.10	0.04	0.62	2.25	(1.60)	3.43	(4.13)	9.83
SKM	0.95	0.04	0.03	(0.19)	1.08	(1.00)	2.63	(1.72)	6.54
LBRDK	1.33	(0.10)	0.00	3.27	0.00	0.00	2.39	(3.28)	10.93
LBRDA	1.34	(0.12)	0.00	(0.17)	0.00	0.00	2.80	(3.12)	10.78
TLK	1.72	0.03	0.01	0.07	2.21	(1.76)	4.41	(2.99)	10.75
CABO	1.76	(0.54)	0.00	(0.98)	0.00	0.00	3.49	(4.95)	11.41
LBRDP	0.58	0.11	0.13	(0.52)	0.65	(0.68)	1.17	(1.16)	6.54

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