TIM Participacoes Correlations

TIMB Stock

USD 15.10 0.13 0.87%

The current 90-days correlation between TIM Participacoes and SK Telecom Co is 0.2 (i.e., Modest diversification). The correlation of TIM Participacoes 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.

TIM Participacoes Correlation With Market

Modest diversification

The correlation between TIM Participacoes SA and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TIM Participacoes 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 TIM Participacoes 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 population.

Moving together with TIM Stock

0.93	T	ATT Inc Earnings Call Today	Pair Corr
0.83	KT	KT Corporation	Pair Corr
0.87	TU	Telus Corp	Pair Corr
0.81	VZ	Verizon Communications	Pair Corr
0.82	CHT	Chunghwa Telecom	Pair Corr
0.8	TEF	Telefonica SA ADR	Pair Corr
0.88	VIV	Telefonica Brasil	Pair Corr
0.63	LILA	Liberty Latin America	Pair Corr
0.88	RPID	Rapid Micro Biosystems	Pair Corr
0.81	ATEX	Anterix	Pair Corr
0.91	TMUS	T Mobile	Pair Corr
0.8	BZ	Kanzhun Ltd ADR	Pair Corr
0.77	IQ	iQIYI Inc	Pair Corr
0.89	SE	Sea	Pair Corr
0.7	SY	So Young International	Pair Corr

Moving against TIM Stock

0.89	GSAT	Globalstar, Common Stock	Pair Corr
0.79	LUMN	Lumen Technologies Aggressive Push	Pair Corr
0.72	LBTYA	Liberty Global PLC	Pair Corr
0.68	RCI	Rogers Communications	Pair Corr
0.64	TLK	Telkom Indonesia Tbk	Pair Corr
0.64	LBTYK	Liberty Global PLC	Pair Corr
0.38	LBTYB	Liberty Global PLC	Pair Corr
0.87	DJCO	Daily Journal Corp	Pair Corr
0.82	WBTN	WEBTOON Entertainment	Pair Corr
0.78	TC	TuanChe ADR	Pair Corr
0.73	ANGHW	Anghami Warrants	Pair Corr
0.62	OB	Outbrain	Pair Corr
0.61	EB	Eventbrite Class A	Pair Corr
0.44	EA	Electronic Arts	Pair Corr
0.44	DRCT	Direct Digital Holdings Earnings Call Today	Pair Corr
0.4	VSME	VS Media Holdings	Pair Corr

Related Correlations Analysis

	SKM	PHI	LBRDK	LBRDA	VIV	KT	ORAN	TLK	TEF	AMX
SKM		0.21	0.4	0.37	0.41	0.3	0.0	-0.04	0.27	0.45	SKM
PHI	0.21		0.64	0.64	0.61	0.72	0.0	-0.49	0.71	0.34	PHI
LBRDK	0.4	0.64		1.0	0.47	0.69	0.0	-0.48	0.72	0.46	LBRDK
LBRDA	0.37	0.64	1.0		0.45	0.69	0.0	-0.49	0.73	0.45	LBRDA
VIV	0.41	0.61	0.47	0.45		0.76	0.0	-0.35	0.47	0.48	VIV
KT	0.3	0.72	0.69	0.69	0.76		0.0	-0.47	0.7	0.2	KT
ORAN	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	ORAN
TLK	-0.04	-0.49	-0.48	-0.49	-0.35	-0.47	0.0		-0.8	-0.21	TLK
TEF	0.27	0.71	0.72	0.73	0.47	0.7	0.0	-0.8		0.37	TEF
AMX	0.45	0.34	0.46	0.45	0.48	0.2	0.0	-0.21	0.37		AMX
	SKM	PHI	LBRDK	LBRDA	VIV	KT	ORAN	TLK	TEF	AMX

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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
KT	+ 0.76	VIV
TEF	+ 0.73	LBRDA
KT	+ 0.72	PHI
TEF	+ 0.72	LBRDK
TEF	+ 0.71	PHI

High negative correlations

TEF	- 0.8	TLK
TLK	- 0.49	LBRDA
TLK	- 0.49	PHI
TLK	- 0.48	LBRDK
TLK	- 0.47	KT
TLK	- 0.35	VIV

Risk-Adjusted Indicators

There is a big difference between TIM Stock performing well and TIM Participacoes 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 TIM Participacoes' 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	0.92	(0.03)	0.00	(0.12)	0.00	0.00	2.24	(1.72)	5.06
PHI	1.00	0.07	0.07	0.21	1.48	(0.98)	1.81	(2.36)	8.54
LBRDK	1.38	0.08	0.05	0.04	1.95	(1.38)	2.68	(3.28)	9.15
LBRDA	1.38	0.09	0.05	0.05	1.97	(1.34)	2.78	(3.12)	9.58
VIV	1.51	0.17	0.10	0.28	1.96	(1.66)	3.51	(3.16)	11.36
KT	1.02	0.18	0.17	0.22	0.96	(1.10)	2.04	(1.90)	6.92
ORAN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TLK	1.72	(0.22)	0.00	(0.74)	0.00	0.00	3.91	(4.29)	11.21
TEF	0.82	0.13	0.17	1.34	0.91	(0.90)	1.83	(1.48)	3.76
AMX	1.24	(0.09)	0.00	1.52	0.00	0.00	2.83	(3.33)	7.32

TIM Participacoes Corporate Management

Andrea Marques	Chief Officer	Profile
Nicandro Durante	Independent Chairman of the Board	Profile
Carlo Filangieri	Board member	Profile
Maria Russo	Culture People	Profile
Carlo Nardello	Board member	Profile

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