T-Mobile Correlations

TM5 Stock  EUR 237.40  1.95  0.81%   
The current 90-days correlation between T Mobile and Fukuyama Transporting Co is 0.12 (i.e., Average diversification). The correlation of T-Mobile 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.

T-Mobile Correlation With Market

Significant diversification

The correlation between T Mobile and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding T Mobile and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to T-Mobile could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace T-Mobile 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 T-Mobile - 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 T Mobile to buy it.

Moving together with T-Mobile Stock

  0.72BAC Verizon CommunicationsPairCorr
  0.84SOBA ATT IncPairCorr
  0.85SOBA ATT IncPairCorr
  0.82DTEA Deutsche TelekomPairCorr
  0.84DTE Deutsche TelekomPairCorr
  0.85DTE Deutsche TelekomPairCorr
  0.75ECHA Ecopetrol SAPairCorr
  0.63AV6 AvistaPairCorr
  0.73MARA MARUBENI CORPPairCorr
  0.82WPHB Warehouses De PauwPairCorr
  0.81MLT MICRONIC MYDATAPairCorr
  0.72KGHA KGHM Polska Miedz Earnings Call This WeekPairCorr
  0.72RIT1 Compagnie FinancirePairCorr
  0.72MM0 MONETA MONEY BANKPairCorr
  0.77IDI InterDigitalPairCorr
  0.85STD STANDARD CHARTEREDPairCorr
  0.7107M CN MODERN DAIRYPairCorr
  0.76DLN DE LONGHIPairCorr
  0.65APM AD PEPPER MEDIAPairCorr

Moving against T-Mobile Stock

  0.87TCID Telkom Indonesia Tbk Earnings Call This WeekPairCorr
  0.61TCID Telkom Indonesia Tbk Earnings Call This WeekPairCorr
  0.54NLV Nippon TelegraphPairCorr
  0.5PTI Perusahaan Perseroan Earnings Call This WeekPairCorr
  0.46NTT Nippon TelegraphPairCorr
  0.44TCID Telkom Indonesia Tbk Earnings Call This WeekPairCorr
  0.43TCID Telkom Indonesia Tbk Earnings Call This WeekPairCorr
  0.38G91 Globe Trade CentrePairCorr

Related Correlations Analysis

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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   
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High negative correlations   
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Risk-Adjusted Indicators

There is a big difference between T-Mobile Stock performing well and T-Mobile 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 T-Mobile'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in T-Mobile 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.

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