Telecom Argentina Correlations

TEO Stock

USD 11.31 0.38 3.48%

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

Telecom Argentina Correlation With Market

Modest diversification

The correlation between Telecom Argentina SA 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 Telecom Argentina SA 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 Telecom Argentina SA. 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 Telecom Stock

0.67	LUMN	Lumen Technologies	Pair Corr
0.69	TC	TuanChe ADR	Pair Corr
0.67	ZD	Ziff Davis	Pair Corr
0.65	ANGHW	Anghami Warrants	Pair Corr
0.62	WIMI	WiMi Hologram Cloud	Pair Corr
0.75	ADD	Color Star Technology	Pair Corr
0.68	AMC	AMC Entertainment	Pair Corr

Moving against Telecom Stock

0.81	T	ATT Inc Earnings Call Today	Pair Corr
0.8	TMUS	T Mobile	Pair Corr
0.72	VZ	Verizon Communications	Pair Corr
0.71	KT	KT Corporation	Pair Corr
0.71	TU	Telus Corp	Pair Corr
0.71	WB	Weibo Corp	Pair Corr
0.71	YY	YY Inc Class	Pair Corr
0.68	ZH	Zhihu Inc ADR Earnings Call Today	Pair Corr
0.65	IQ	iQIYI Inc	Pair Corr
0.58	VOD	Vodafone Group PLC	Pair Corr
0.54	CURIW	CuriosityStream	Pair Corr
0.73	CHT	Chunghwa Telecom	Pair Corr
0.71	EVER	EverQuote Class A	Pair Corr
0.7	BATRA	Atlanta Braves Holdings,	Pair Corr
0.63	BATRK	Atlanta Braves Holdings,	Pair Corr
0.43	CCG	Cheche Group Class	Pair Corr

Related Correlations Analysis

	TEF	ORAN	SKM	AMX	KT	TLK	PHI	VIV	TIMB	LBRDA
TEF		0.0	0.27	0.37	0.7	-0.8	0.71	0.47	0.8	0.73	TEF
ORAN	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	ORAN
SKM	0.27	0.0		0.45	0.3	-0.04	0.21	0.41	0.4	0.37	SKM
AMX	0.37	0.0	0.45		0.2	-0.21	0.34	0.48	0.49	0.45	AMX
KT	0.7	0.0	0.3	0.2		-0.47	0.72	0.76	0.83	0.69	KT
TLK	-0.8	0.0	-0.04	-0.21	-0.47		-0.49	-0.35	-0.64	-0.49	TLK
PHI	0.71	0.0	0.21	0.34	0.72	-0.49		0.61	0.78	0.64	PHI
VIV	0.47	0.0	0.41	0.48	0.76	-0.35	0.61		0.88	0.45	VIV
TIMB	0.8	0.0	0.4	0.49	0.83	-0.64	0.78	0.88		0.69	TIMB
LBRDA	0.73	0.0	0.37	0.45	0.69	-0.49	0.64	0.45	0.69		LBRDA
	TEF	ORAN	SKM	AMX	KT	TLK	PHI	VIV	TIMB	LBRDA

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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	+ 0.88	VIV
TIMB	+ 0.83	KT
TIMB	+ 0.8	TEF
TIMB	+ 0.78	PHI
VIV	+ 0.76	KT
LBRDA	+ 0.73	TEF

High negative correlations

TLK	- 0.8	TEF
TIMB	- 0.64	TLK
LBRDA	- 0.49	TLK
PHI	- 0.49	TLK
TLK	- 0.47	KT
VIV	- 0.35	TLK

Risk-Adjusted Indicators

There is a big difference between Telecom Stock performing well and Telecom Argentina 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 Telecom Argentina'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
TEF	0.82	0.13	0.17	1.34	0.91	(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
SKM	0.92	(0.03)	0.00	(0.12)	0.00	0.00	2.24	(1.72)	5.06
AMX	1.24	(0.09)	0.00	1.52	0.00	0.00	2.83	(3.33)	7.32
KT	1.02	0.18	0.17	0.22	0.96	(1.10)	2.04	(1.90)	6.92
TLK	1.72	(0.22)	0.00	(0.74)	0.00	0.00	3.91	(4.29)	11.21
PHI	1.00	0.07	0.07	0.21	1.48	(0.98)	1.81	(2.36)	8.54
VIV	1.51	0.17	0.10	0.28	1.96	(1.66)	3.51	(3.16)	11.36
TIMB	1.47	0.36	0.18	0.53	1.88	(1.54)	3.45	(2.56)	14.05
LBRDA	1.38	0.09	0.05	0.05	1.97	(1.34)	2.78	(3.12)	9.58

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