Tele2 AB Correlations
| TLTZY Stock | USD 5.15 0.01 0.19% |
The current 90-days correlation between Tele2 AB and Proximus NV ADR is -0.26 (i.e., Very good diversification). The correlation of Tele2 AB 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Tele2 AB Correlation With Market
Good diversification
The correlation between Tele2 AB and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tele2 AB and DJI in the same portfolio, assuming nothing else is changed.
Tele2 |
The ability to find closely correlated positions to Tele2 AB could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tele2 AB when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Tele2 AB - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Tele2 AB to buy it.
Moving together with Tele2 Pink Sheet
| 0.66 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.77 | BKRKY | Bank Rakyat | PairCorr |
| 0.78 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.75 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.71 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.76 | KO | Coca Cola Sell-off Trend | PairCorr |
| 0.72 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
Moving against Tele2 Pink Sheet
| 0.7 | IONQ | IONQ Inc | PairCorr |
| 0.65 | CMCSA | Comcast Corp Sell-off Trend | PairCorr |
| 0.64 | NVDA | NVIDIA | PairCorr |
| 0.59 | SSNLF | Samsung Electronics | PairCorr |
| 0.57 | DTEGF | Deutsche Telekom | PairCorr |
| 0.55 | T | ATT Inc Aggressive Push | PairCorr |
| 0.54 | NTTYY | Nippon Telegraph | PairCorr |
| 0.53 | PTAIF | PT Astra International | PairCorr |
| 0.76 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.69 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.69 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.68 | DIS | Walt Disney Aggressive Push | PairCorr |
| 0.66 | VRT | Vertiv Holdings | PairCorr |
| 0.65 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.63 | NDAQ | Nasdaq Inc | PairCorr |
| 0.61 | WMT | Walmart Aggressive Push | PairCorr |
| 0.58 | PYPL | PayPal Holdings Aggressive Push | PairCorr |
| 0.51 | HPQ | HP Inc | PairCorr |
| 0.47 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.46 | XOM | Exxon Mobil Corp Sell-off Trend | PairCorr |
| 0.41 | HD | Home Depot Sell-off Trend | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Tele2 Pink Sheet performing well and Tele2 AB 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 Tele2 AB'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BGAOY | 1.46 | (0.20) | 0.00 | 1.29 | 0.00 | 4.96 | 11.28 | |||
| TTRAF | 1.30 | 0.01 | 0.00 | 0.10 | 0.00 | 5.95 | 16.25 | |||
| SNGNF | 1.06 | 0.16 | (0.01) | (0.09) | 1.99 | 4.55 | 21.20 | |||
| VODPF | 1.67 | (0.06) | 0.00 | 0.76 | 0.00 | 4.26 | 27.67 | |||
| SMNUF | 2.96 | (0.47) | 0.00 | 0.45 | 0.00 | 7.74 | 69.48 | |||
| TLSNF | 0.66 | 0.35 | 0.00 | (0.47) | 0.00 | 0.00 | 25.04 | |||
| KDDIF | 1.40 | 0.07 | (0.01) | (0.11) | 2.56 | 4.42 | 20.31 | |||
| AMXOF | 7.03 | 0.26 | 0.01 | (0.87) | 8.42 | 20.51 | 43.19 | |||
| ASEJF | 0.96 | 0.33 | 0.00 | (2.16) | 0.00 | 4.00 | 17.04 | |||
| TPGTF | 0.12 | 0.05 | 0.00 | 0.92 | 0.00 | 0.00 | 2.51 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Tele2 AB without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Tele2 AB Corporate Management
| Charlotte Hansson | Ex CFO | Profile | |
| Dmirty Petrov | Director Management | Profile | |
| Kjell Johnsen | Pres CEO | Profile | |
| Joel Ibson | Head Communications | Profile | |
| Jan Berntsson | Head Audit | Profile | |
| Jonas Lundquist | Marketing Director | Profile |