SK Telecom Correlations

SKM Stock

USD 21.29 0.35 1.62%

The current 90-days correlation between SK Telecom and TIM Participacoes SA is 0.18 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SK Telecom moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SK Telecom Co moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

SK Telecom Correlation With Market

Weak diversification

The correlation between SK Telecom Co and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SK Telecom Co and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SK Telecom Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

Moving against SKM Stock

0.35	GDEVW	Nexters Warrant	Pair Corr
0.32	WBTN	WEBTOON Entertainment	Pair Corr

Related Correlations Analysis

	TIMB	PHI	LBRDK	LBRDA	KT	TLK	TEF	ORAN	AMX	VIV
TIMB		0.8	0.65	0.65	0.82	-0.6	0.78	0.0	0.48	0.89	TIMB
PHI	0.8		0.61	0.62	0.73	-0.53	0.73	0.0	0.28	0.61	PHI
LBRDK	0.65	0.61		1.0	0.61	-0.35	0.69	0.0	0.51	0.45	LBRDK
LBRDA	0.65	0.62	1.0		0.61	-0.36	0.7	0.0	0.5	0.43	LBRDA
KT	0.82	0.73	0.61	0.61		-0.48	0.66	0.0	0.13	0.74	KT
TLK	-0.6	-0.53	-0.35	-0.36	-0.48		-0.71	0.0	-0.12	-0.33	TLK
TEF	0.78	0.73	0.69	0.7	0.66	-0.71		0.0	0.41	0.46	TEF
ORAN	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	ORAN
AMX	0.48	0.28	0.51	0.5	0.13	-0.12	0.41	0.0		0.46	AMX
VIV	0.89	0.61	0.45	0.43	0.74	-0.33	0.46	0.0	0.46		VIV
	TIMB	PHI	LBRDK	LBRDA	KT	TLK	TEF	ORAN	AMX	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

LBRDA	+ 1.0	LBRDK
VIV	+ 0.89	TIMB
KT	+ 0.82	TIMB
PHI	+ 0.8	TIMB
TEF	+ 0.78	TIMB
VIV	+ 0.74	KT

High negative correlations

TEF	- 0.71	TLK
TLK	- 0.6	TIMB
TLK	- 0.53	PHI
TLK	- 0.48	KT
TLK	- 0.36	LBRDA
TLK	- 0.35	LBRDK

Risk-Adjusted Indicators

There is a big difference between SKM Stock performing well and SK Telecom 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 SK Telecom'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
TIMB	1.53	0.30	0.14	0.40	2.17	(1.56)	3.45	(4.15)	14.05
PHI	0.95	0.11	0.11	0.39	1.37	(0.98)	1.81	(1.97)	8.54
LBRDK	1.39	0.06	0.04	0.01	1.96	(1.40)	2.68	(3.28)	9.15
LBRDA	1.39	0.07	0.04	0.02	1.98	(1.37)	2.80	(3.12)	9.58
KT	1.02	0.28	0.27	0.37	0.84	(1.12)	2.04	(1.56)	6.92
TLK	1.73	(0.22)	0.00	(0.72)	0.00	0.00	3.91	(4.29)	11.21
TEF	0.83	0.13	0.18	1.37	0.94	(0.90)	1.83	(1.48)	3.76
ORAN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AMX	1.28	(0.11)	0.00	1.78	0.00	0.00	2.83	(3.33)	7.32
VIV	1.55	0.11	0.07	0.15	2.08	(1.68)	3.51	(3.54)	11.36

SK Telecom Corporate Management

Kim Junmo	Non-Executive Independent Director	Profile
Jungwhan Ahn	Head Culture	Profile
Jinwon Kim	CFO Group	Profile
MyungJin Han	Head Strategy	Profile
Min Ha	Head Development	Profile

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