ATT Correlations

TBB Stock

USD 23.83 0.07 0.29%

The correlation of ATT 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.

ATT Correlation With Market

Average diversification

The correlation between ATT Inc and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ATT Inc 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 ATT Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with ATT Stock

0.73

VEON

Pair Corr

Moving against ATT Stock

0.79	SKM	SK Telecom	Pair Corr
0.73	VZ	Verizon Communications Sell-off Trend	Pair Corr
0.73	BCE	BCE Inc	Pair Corr
0.71	TEF	Telefonica SA ADR	Pair Corr
0.71	TU	Telus Corp	Pair Corr
0.69	EA	Electronic Arts	Pair Corr
0.66	AMX	America Movil SAB	Pair Corr
0.6	VOD	Vodafone Group PLC	Pair Corr
0.58	LBTYA	Liberty Global PLC	Pair Corr
0.54	LUMN	Lumen Technologies	Pair Corr
0.46	TV	Grupo Televisa SAB Earnings Call This Week	Pair Corr
0.41	TMUS	T Mobile	Pair Corr
0.37	TLK	Telkom Indonesia Tbk	Pair Corr
0.77	ADV	Advantage Solutions	Pair Corr
0.76	AMC	AMC Entertainment Aggressive Push	Pair Corr
0.73	FNGR	FingerMotion	Pair Corr
0.68	CCO	Clear Channel Outdoor Earnings Call This Week	Pair Corr
0.67	ANGHW	Anghami Warrants	Pair Corr
0.63	CHR	Cheer Holding	Pair Corr
0.59	BATRK	Atlanta Braves Holdings,	Pair Corr
0.5	DLPN	Dolphin Entertainment	Pair Corr
0.41	BOC	Boston Omaha Corp	Pair Corr
0.4	FENG	Phoenix New Media	Pair Corr
0.35	ADD	Color Star Technology	Pair Corr

Related Correlations Analysis

	SKM	KT	TLK	TIMB	LBRDA	SHEN	ATEX	LBRDP	OOMA
SKM		0.34	0.4	0.31	0.64	0.62	0.56	-0.74	0.2	SKM
KT	0.34		0.07	0.22	-0.14	-0.32	-0.02	0.27	0.48	KT
TLK	0.4	0.07		-0.22	0.32	0.43	0.06	-0.38	0.07	TLK
TIMB	0.31	0.22	-0.22		0.54	-0.13	0.57	-0.25	0.16	TIMB
LBRDA	0.64	-0.14	0.32	0.54		0.5	0.56	-0.76	-0.17	LBRDA
SHEN	0.62	-0.32	0.43	-0.13	0.5		0.53	-0.81	0.14	SHEN
ATEX	0.56	-0.02	0.06	0.57	0.56	0.53		-0.58	0.37	ATEX
LBRDP	-0.74	0.27	-0.38	-0.25	-0.76	-0.81	-0.58		0.02	LBRDP
OOMA	0.2	0.48	0.07	0.16	-0.17	0.14	0.37	0.02		OOMA
	SKM	KT	TLK	TIMB	LBRDA	SHEN	ATEX	LBRDP	OOMA

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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	+ 0.64	SKM
SHEN	+ 0.62	SKM
ATEX	+ 0.57	TIMB
ATEX	+ 0.56	SKM
ATEX	+ 0.56	LBRDA
LBRDA	+ 0.54	TIMB

High negative correlations

LBRDP	- 0.81	SHEN
LBRDP	- 0.76	LBRDA
LBRDP	- 0.74	SKM
LBRDP	- 0.58	ATEX
LBRDP	- 0.38	TLK
SHEN	- 0.32	KT

Risk-Adjusted Indicators

There is a big difference between ATT Stock performing well and ATT 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 ATT'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
SKM	0.86	(0.03)	0.00	(0.05)	0.00	0.00	1.93	(1.72)	6.54
KT	1.31	0.21	0.14	0.24	1.25	(1.51)	2.83	(2.45)	9.50
TLK	1.71	(0.15)	0.00	(0.26)	0.00	0.00	3.91	(3.56)	10.75
TIMB	1.65	0.18	0.07	0.28	2.31	(1.62)	3.43	(4.13)	8.88
LBRDA	1.48	(0.26)	0.00	(0.31)	0.00	0.00	2.80	(3.86)	10.78
SHEN	1.80	(0.12)	0.00	(0.14)	0.00	0.00	3.68	(4.38)	11.27
ATEX	2.20	0.36	0.16	0.24	1.83	(3.03)	5.61	(3.21)	27.48
LBRDP	0.60	0.09	0.11	(0.50)	0.66	(0.71)	1.20	(1.16)	6.54
OOMA	1.68	0.25	0.12	0.39	1.88	(1.93)	3.72	(2.36)	11.40

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