Telefonica Correlations

TEF Stock

USD 4.49 0.04 0.88%

The current 90-days correlation between Telefonica SA ADR and Orange SA ADR is 0.69 (i.e., Poor diversification). The correlation of Telefonica 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.

Telefonica Correlation With Market

Very good diversification

The correlation between Telefonica SA ADR and DJI is -0.27 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Telefonica SA ADR 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 Telefonica SA 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 income.

Moving together with Telefonica Stock

0.81	TU	Telus Corp	Pair Corr
0.67	AMX	America Movil SAB	Pair Corr
0.8	BCE	BCE Inc	Pair Corr
0.61	CHT	Chunghwa Telecom	Pair Corr
0.83	PHI	PLDT Inc ADR	Pair Corr
0.68	RCI	Rogers Communications	Pair Corr
0.82	TLK	Telkom Indonesia Tbk	Pair Corr
0.81	VIV	Telefonica Brasil Downward Rally	Pair Corr
0.83	VOD	Vodafone Group PLC	Pair Corr
0.77	LILA	Liberty Latin America	Pair Corr
0.69	LBTYB	Liberty Global PLC	Pair Corr
0.82	LBTYK	Liberty Global PLC	Pair Corr
0.81	ATNI	ATN International	Pair Corr
0.76	TIMB	TIM Participacoes Downward Rally	Pair Corr

Moving against Telefonica Stock

0.76	TDS	Telephone and Data	Pair Corr
0.76	GSAT	Globalstar	Pair Corr
0.71	GOGO	Gogo Inc	Pair Corr
0.7	TEO	Telecom Argentina	Pair Corr
0.69	USM	United States Cellular	Pair Corr
0.62	IDT	IDT Corporation Earnings Call Tomorrow	Pair Corr
0.54	LUMN	Lumen Technologies	Pair Corr
0.45	VEON	VEON	Pair Corr
0.38	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.85	EA	Electronic Arts	Pair Corr
0.76	DJCO	Daily Journal Corp	Pair Corr
0.68	TMUS	T Mobile Fiscal Year End 23rd of January 2025	Pair Corr
0.66	OOMA	Ooma Inc Earnings Call This Week	Pair Corr
0.66	ZD	Ziff Davis	Pair Corr
0.55	OB	Outbrain	Pair Corr
0.47	Z	Zillow Group Class	Pair Corr
0.46	ZG	Zillow Group	Pair Corr
0.42	LBTYA	Liberty Global PLC	Pair Corr
0.39	SJ	Scienjoy Holding Corp	Pair Corr

Related Correlations Analysis

	ORAN	SKM	AMX	KT	VIV	VOD	VZ	LUMN	CMCSA	TIMB
ORAN		0.8	0.6	-0.38	0.75	0.92	0.27	-0.63	-0.86	0.85	ORAN
SKM	0.8		0.38	0.1	0.58	0.76	0.53	-0.44	-0.65	0.67	SKM
AMX	0.6	0.38		-0.47	0.69	0.74	0.18	-0.61	-0.58	0.67	AMX
KT	-0.38	0.1	-0.47		-0.54	-0.38	0.25	0.35	0.48	-0.56	KT
VIV	0.75	0.58	0.69	-0.54		0.83	0.41	-0.4	-0.64	0.95	VIV
VOD	0.92	0.76	0.74	-0.38	0.83		0.4	-0.66	-0.81	0.88	VOD
VZ	0.27	0.53	0.18	0.25	0.41	0.4		-0.21	-0.22	0.4	VZ
LUMN	-0.63	-0.44	-0.61	0.35	-0.4	-0.66	-0.21		0.81	-0.54	LUMN
CMCSA	-0.86	-0.65	-0.58	0.48	-0.64	-0.81	-0.22	0.81		-0.78	CMCSA
TIMB	0.85	0.67	0.67	-0.56	0.95	0.88	0.4	-0.54	-0.78		TIMB
	ORAN	SKM	AMX	KT	VIV	VOD	VZ	LUMN	CMCSA	TIMB

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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	+ 0.95	VIV
VOD	+ 0.92	ORAN
TIMB	+ 0.88	VOD
TIMB	+ 0.85	ORAN
VOD	+ 0.83	VIV
CMCSA	+ 0.81	LUMN

High negative correlations

CMCSA	- 0.86	ORAN
CMCSA	- 0.81	VOD
TIMB	- 0.78	CMCSA
LUMN	- 0.66	VOD
CMCSA	- 0.65	SKM
CMCSA	- 0.64	VIV

Risk-Adjusted Indicators

There is a big difference between Telefonica Stock performing well and Telefonica 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 Telefonica'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
ORAN	0.85	(0.10)	0.00	0.53	0.00	0.00	1.62	(1.92)	5.67
SKM	0.91	0.08	(0.05)	(1.24)	1.10	(0.99)	2.11	(1.65)	5.40
AMX	1.15	(0.23)	0.00	(0.25)	0.00	0.00	2.26	(2.88)	7.18
KT	1.30	0.31	0.12	1.05	1.42	(1.52)	4.23	(2.02)	11.99
VIV	1.26	(0.20)	0.00	(2.30)	0.00	0.00	2.33	(3.11)	6.67
VOD	1.04	(0.14)	0.00	(0.23)	0.00	0.00	2.06	(2.12)	11.18
VZ	0.98	0.11	0.00	1.63	1.30	(1.05)	2.16	(2.05)	8.86
LUMN	3.68	0.19	0.11	0.19	3.86	(4.27)	9.55	(6.70)	27.32
CMCSA	1.04	0.02	0.00	0.15	1.12	(1.18)	2.52	(2.10)	8.17
TIMB	1.27	(0.36)	0.00	(1.62)	0.00	0.00	2.28	(2.84)	8.18

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