Rogers Communications Correlations

RCI Stock

USD 28.43 0.18 0.64%

The current 90-days correlation between Rogers Communications and BCE Inc is 0.67 (i.e., Poor diversification). The correlation of Rogers Communications 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.

Rogers Communications Correlation With Market

Weak diversification

The correlation between Rogers Communications and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rogers Communications 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 Rogers Communications. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

For more detail on how to invest in Rogers Stock please use our How to Invest in Rogers Communications guide.

Moving together with Rogers Stock

0.83	FNGR	FingerMotion	Pair Corr
0.85	BCE	BCE Inc	Pair Corr
0.74	IDT	IDT Corporation Earnings Call This Week	Pair Corr
0.68	SKM	SK Telecom	Pair Corr
0.68	TEO	Telecom Argentina	Pair Corr
0.61	TLK	Telkom Indonesia Tbk	Pair Corr
0.73	VOD	Vodafone Group PLC	Pair Corr
0.9	LUMN	Lumen Technologies	Pair Corr
0.91	LBTYA	Liberty Global PLC	Pair Corr
0.67	LBTYB	Liberty Global PLC Upward Rally	Pair Corr
0.9	LBTYK	Liberty Global PLC	Pair Corr
0.78	ATNI	ATN International	Pair Corr
0.86	SHEN	Shenandoah Telecommunicatio	Pair Corr
0.67	BAND	Bandwidth Earnings Call Today	Pair Corr

Moving against Rogers Stock

0.9	VEON	VEON	Pair Corr
0.85	FYBR	Frontier Communications	Pair Corr
0.8	TKC	Turkcell Iletisim	Pair Corr
0.78	TBB	ATT Inc	Pair Corr
0.67	TDS	Telephone and Data	Pair Corr
0.62	IHS	IHS Holding	Pair Corr
0.41	T	ATT Inc Aggressive Push	Pair Corr
0.33	PHI	PLDT Inc ADR Earnings Call This Week	Pair Corr
0.71	YY	YY Inc Class	Pair Corr
0.62	BZ	Kanzhun Ltd ADR	Pair Corr
0.55	OB	Outbrain Earnings Call Today	Pair Corr
0.46	CURIW	CuriosityStream	Pair Corr
0.44	SE	Sea	Pair Corr
0.43	WB	Weibo Corp	Pair Corr
0.36	SY	So Young International	Pair Corr

Related Correlations Analysis

	BCE	DTEGY	ORAN	AMX	TU	VOD	TEF	SKM	KT	VIV
BCE		0.0	0.0	0.65	0.71	0.75	0.68	0.75	0.14	0.32	BCE
DTEGY	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	DTEGY
ORAN	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	ORAN
AMX	0.65	0.0	0.0		0.74	0.59	0.85	0.62	0.09	0.52	AMX
TU	0.71	0.0	0.0	0.74		0.57	0.82	0.71	0.47	0.79	TU
VOD	0.75	0.0	0.0	0.59	0.57		0.66	0.7	0.2	0.2	VOD
TEF	0.68	0.0	0.0	0.85	0.82	0.66		0.74	0.15	0.5	TEF
SKM	0.75	0.0	0.0	0.62	0.71	0.7	0.74		0.44	0.28	SKM
KT	0.14	0.0	0.0	0.09	0.47	0.2	0.15	0.44		0.55	KT
VIV	0.32	0.0	0.0	0.52	0.79	0.2	0.5	0.28	0.55		VIV
	BCE	DTEGY	ORAN	AMX	TU	VOD	TEF	SKM	KT	VIV

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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

TEF	+ 0.85	AMX
TEF	+ 0.82	TU
VIV	+ 0.79	TU
VOD	+ 0.75	BCE
SKM	+ 0.75	BCE
TU	+ 0.74	AMX

High negative correlations

VIV	- 0.0	ORAN
KT	- 0.0	ORAN
SKM	- 0.0	ORAN
TEF	- 0.0	ORAN
VOD	- 0.0	ORAN
TU	- 0.0	ORAN

Risk-Adjusted Indicators

There is a big difference between Rogers Stock performing well and Rogers Communications 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 Rogers Communications' 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
BCE	1.26	(0.15)	0.00	(0.22)	0.00	0.00	2.05	(2.89)	8.75
DTEGY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ORAN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AMX	1.19	(0.04)	0.00	0.20	0.00	0.00	2.81	(3.33)	7.32
TU	0.88	0.05	0.04	0.10	1.24	(0.80)	1.54	(1.87)	5.69
VOD	1.00	0.01	0.00	0.06	1.21	(1.20)	2.39	(2.38)	6.84
TEF	0.88	0.04	0.03	(0.33)	0.99	(0.96)	1.88	(1.50)	4.24
SKM	0.95	0.04	0.03	(0.19)	1.08	(1.00)	2.63	(1.72)	6.54
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

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