Telkom Indonesia Correlations

TLK Stock

USD 17.08 0.27 1.61%

The current 90-days correlation between Telkom Indonesia Tbk and Lumen Technologies is 0.14 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Telkom Indonesia moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Telkom Indonesia Tbk moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Telkom Indonesia Correlation With Market

Average diversification

The correlation between Telkom Indonesia Tbk and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Telkom Indonesia Tbk 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 Telkom Indonesia Tbk. 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 economic analysis.

Moving together with Telkom Stock

0.9	TU	Telus Corp	Pair Corr
0.77	AMX	America Movil SAB	Pair Corr
0.93	BCE	BCE Inc	Pair Corr
0.77	CHT	Chunghwa Telecom	Pair Corr
0.61	IHS	IHS Holding	Pair Corr
0.89	PHI	PLDT Inc ADR	Pair Corr
0.93	RCI	Rogers Communications	Pair Corr
0.74	SKM	SK Telecom	Pair Corr
0.82	TEF	Telefonica SA ADR	Pair Corr
0.83	VIV	Telefonica Brasil Downward Rally	Pair Corr
0.94	VOD	Vodafone Group PLC	Pair Corr
0.69	KORE	KORE Group Holdings	Pair Corr
0.74	LILA	Liberty Latin America	Pair Corr
0.69	LBTYB	Liberty Global PLC	Pair Corr
0.76	LBTYK	Liberty Global PLC	Pair Corr
0.7	ATEX	Anterix	Pair Corr
0.77	ATNI	ATN International	Pair Corr
0.67	SHEN	Shenandoah Telecommunicatio	Pair Corr
0.89	TIMB	TIM Participacoes Downward Rally	Pair Corr

Moving against Telkom Stock

0.84	TDS	Telephone and Data	Pair Corr
0.83	IDT	IDT Corporation Earnings Call This Week	Pair Corr
0.83	TEO	Telecom Argentina	Pair Corr
0.77	GSAT	Globalstar	Pair Corr
0.76	USM	United States Cellular	Pair Corr
0.73	VEON	VEON	Pair Corr
0.69	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.46	GOGO	Gogo Inc	Pair Corr
0.42	KT	KT Corporation	Pair Corr
0.88	TMUS	T Mobile Fiscal Year End 23rd of January 2025	Pair Corr
0.86	EA	Electronic Arts	Pair Corr
0.83	OOMA	Ooma Inc Earnings Call This Week	Pair Corr
0.75	DJCO	Daily Journal Corp	Pair Corr
0.67	LUMN	Lumen Technologies	Pair Corr
0.65	CCOI	Cogent Communications	Pair Corr
0.61	Z	Zillow Group Class	Pair Corr
0.6	ZG	Zillow Group	Pair Corr
0.58	LBTYA	Liberty Global PLC	Pair Corr
0.58	ZD	Ziff Davis	Pair Corr
0.46	CNSL	Consolidated Communications	Pair Corr

Related Correlations Analysis

	TMUS	CMCSA	LUMN	CHTR	VOD
TMUS		0.88	0.72	0.76	-0.88	TMUS
CMCSA	0.88		0.81	0.68	-0.77	CMCSA
LUMN	0.72	0.81		0.74	-0.62	LUMN
CHTR	0.76	0.68	0.74		-0.78	CHTR
VOD	-0.88	-0.77	-0.62	-0.78		VOD
	TMUS	CMCSA	LUMN	CHTR	VOD

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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

CMCSA	+ 0.88	TMUS
LUMN	+ 0.81	CMCSA
CHTR	+ 0.76	TMUS
CHTR	+ 0.74	LUMN
LUMN	+ 0.72	TMUS
CHTR	+ 0.68	CMCSA

High negative correlations

VOD	- 0.88	TMUS
VOD	- 0.78	CHTR
VOD	- 0.77	CMCSA
VOD	- 0.62	LUMN

Risk-Adjusted Indicators

There is a big difference between Telkom Stock performing well and Telkom Indonesia 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 Telkom Indonesia'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
TMUS	0.92	0.24	0.14	0.54	0.99	(1.01)	1.95	(1.69)	8.79
CMCSA	1.04	0.02	0.00	0.15	1.12	(1.18)	2.52	(2.10)	8.17
LUMN	3.68	0.19	0.11	0.19	3.86	(4.27)	9.55	(6.70)	27.32
CHTR	1.60	0.04	0.03	0.17	1.52	(1.94)	3.63	(2.95)	15.54
VOD	1.04	(0.09)	0.00	1.16	0.00	0.00	2.06	(2.12)	11.18

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