T Mobile Correlations

TMUS Stock

USD 270.54 2.41 0.90%

The current 90-days correlation between T Mobile and ATT Inc is 0.31 (i.e., Weak 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. If the correlation is 0, the equities are not correlated; they are entirely random.

T Mobile Correlation With Market

Modest diversification

The correlation between T Mobile 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 T Mobile 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 T Mobile. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

For more information on how to buy TMUS Stock please use our How to Invest in T Mobile guide.

Moving together with TMUS Stock

0.88	T	ATT Inc Aggressive Push	Pair Corr
0.78	TU	Telus Corp	Pair Corr
0.73	VZ	Verizon Communications Aggressive Push	Pair Corr
0.61	AMX	America Movil SAB	Pair Corr
0.61	CHT	Chunghwa Telecom	Pair Corr
0.62	IHS	IHS Holding	Pair Corr
0.65	PHI	PLDT Inc ADR Earnings Call This Week	Pair Corr
0.62	TDS	Telephone and Data	Pair Corr
0.69	TEF	Telefonica SA ADR	Pair Corr
0.78	USM	United States Cellular	Pair Corr
0.8	VIV	Telefonica Brasil	Pair Corr
0.79	NVVEW	Nuvve Holding Corp	Pair Corr
0.62	OOMA	Ooma Inc Earnings Call This Week	Pair Corr
0.75	ASTS	Ast Spacemobile	Pair Corr
0.79	ATEX	Anterix	Pair Corr
0.88	TIMB	TIM Participacoes	Pair Corr

Moving against TMUS Stock

0.68	GSAT	Globalstar, Common Stock Earnings Call Today	Pair Corr
0.49	TEO	Telecom Argentina	Pair Corr
0.49	UCL	Ucloudlink Group	Pair Corr
0.32	TLK	Telkom Indonesia Tbk	Pair Corr
0.52	TC	TuanChe ADR	Pair Corr
0.49	DJCO	Daily Journal Corp	Pair Corr

Related Correlations Analysis

	T	CMCSA	LUMN	DISH	VZ	CHTR	CABO	ATUS
T		-0.37	-0.53	0.0	0.49	-0.01	-0.65	0.59	T
CMCSA	-0.37		0.91	0.0	0.55	0.88	0.89	-0.5	CMCSA
LUMN	-0.53	0.91		0.0	0.39	0.74	0.88	-0.54	LUMN
DISH	0.0	0.0	0.0		0.0	0.0	0.0	0.0	DISH
VZ	0.49	0.55	0.39	0.0		0.76	0.26	0.01	VZ
CHTR	-0.01	0.88	0.74	0.0	0.76		0.69	-0.23	CHTR
CABO	-0.65	0.89	0.88	0.0	0.26	0.69		-0.7	CABO
ATUS	0.59	-0.5	-0.54	0.0	0.01	-0.23	-0.7		ATUS
	T	CMCSA	LUMN	DISH	VZ	CHTR	CABO	ATUS

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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

LUMN	+ 0.91	CMCSA
CABO	+ 0.89	CMCSA
CHTR	+ 0.88	CMCSA
CABO	+ 0.88	LUMN
CHTR	+ 0.76	VZ
CHTR	+ 0.74	LUMN

High negative correlations

ATUS	- 0.7	CABO
CABO	- 0.65	T
ATUS	- 0.54	LUMN
LUMN	- 0.53	T
ATUS	- 0.5	CMCSA
CMCSA	- 0.37	T

Risk-Adjusted Indicators

There is a big difference between TMUS 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
T	0.92	0.24	0.21	0.47	0.95	(1.07)	1.80	(1.75)	7.94
CMCSA	1.23	(0.25)	0.00	(0.61)	0.00	0.00	1.62	(2.44)	13.18
LUMN	2.61	(0.86)	0.00	(1.18)	0.00	0.00	4.93	(4.80)	24.24
DISH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VZ	0.76	0.07	0.06	0.19	1.00	(0.80)	1.53	(1.75)	5.21
CHTR	1.40	(0.10)	0.00	(0.17)	0.00	0.00	2.58	(3.44)	11.04
CABO	1.76	(0.54)	0.00	(0.98)	0.00	0.00	3.49	(4.95)	11.41
ATUS	2.73	0.31	0.08	0.21	3.49	(2.83)	6.87	(5.79)	15.55

T Mobile Corporate Executives

Elected by the shareholders, the T Mobile's board of directors comprises two types of representatives: T Mobile inside directors who are chosen from within the company, and outside directors, selected externally and held independent of TMUS. The board's role is to monitor T Mobile's management team and ensure that shareholders' interests are well served. T Mobile's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, T Mobile's outside directors are responsible for providing unbiased perspectives on the board's policies.

	John Saw	Executive CTO	Profile
	Neville Ray	CTO and Executive VP	Profile

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