Telus Corp Correlations

TU Stock

USD 15.47 0.24 1.58%

The current 90-days correlation between Telus Corp and Rogers Communications is 0.25 (i.e., Modest diversification). The correlation of Telus Corp 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.

Telus Corp Correlation With Market

Good diversification

The correlation between Telus Corp and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Telus Corp 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 Telus Corp. 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 Telus Stock please use our How to Invest in Telus Corp guide.

Moving together with Telus Stock

0.88	VOD	Vodafone Group PLC	Pair Corr
0.81	TC	TuanChe ADR	Pair Corr
0.65	DLPN	Dolphin Entertainment	Pair Corr
0.61	EMWPF	Eros Media World	Pair Corr

Moving against Telus Stock

0.85	EA	Electronic Arts	Pair Corr
0.8	TMUS	T Mobile Fiscal Year End 23rd of January 2025	Pair Corr
0.55	LUMN	Lumen Technologies	Pair Corr
0.52	VEON	VEON	Pair Corr
0.51	Z	Zillow Group Class	Pair Corr
0.5	ZG	Zillow Group	Pair Corr
0.47	ZD	Ziff Davis	Pair Corr
0.41	T	ATT Inc Aggressive Push	Pair Corr
0.39	EMMS	Emmis Communications Corp	Pair Corr
0.36	KT	KT Corporation	Pair Corr
0.34	OB	Outbrain	Pair Corr
0.34	DOYU	DouYu International Earnings Call This Week	Pair Corr
0.32	SJ	Scienjoy Holding Corp	Pair Corr
0.79	FOXA	Fox Corp Class	Pair Corr
0.73	CNK	Cinemark Holdings	Pair Corr
0.7	DIS	Walt Disney Aggressive Push	Pair Corr
0.64	DJT	Trump Media Technology Symbol Change	Pair Corr
0.48	NPSNY	Naspers Ltd ADR Earnings Call This Week	Pair Corr
0.47	DDI	Doubledown Interactive	Pair Corr
0.46	CCG	Cheche Group Class	Pair Corr
0.44	CTV	Innovid Corp Trending	Pair Corr
0.37	CNM	Core Main	Pair Corr
0.32	BOC	Boston Omaha Corp	Pair Corr

Related Correlations Analysis

	RCI	VOD	ORAN	AMX	BCE	VIV	NTTYY	TELNY	TEF	SKM
RCI		0.91	0.91	0.74	0.91	0.8	-0.64	0.41	0.64	0.79	RCI
VOD	0.91		0.91	0.72	0.91	0.85	-0.74	0.54	0.81	0.85	VOD
ORAN	0.91	0.91		0.61	0.85	0.79	-0.66	0.56	0.65	0.88	ORAN
AMX	0.74	0.72	0.61		0.79	0.61	-0.44	0.22	0.61	0.53	AMX
BCE	0.91	0.91	0.85	0.79		0.81	-0.74	0.45	0.78	0.74	BCE
VIV	0.8	0.85	0.79	0.61	0.81		-0.81	0.69	0.82	0.79	VIV
NTTYY	-0.64	-0.74	-0.66	-0.44	-0.74	-0.81		-0.6	-0.79	-0.68	NTTYY
TELNY	0.41	0.54	0.56	0.22	0.45	0.69	-0.6		0.64	0.56	TELNY
TEF	0.64	0.81	0.65	0.61	0.78	0.82	-0.79	0.64		0.67	TEF
SKM	0.79	0.85	0.88	0.53	0.74	0.79	-0.68	0.56	0.67		SKM
	RCI	VOD	ORAN	AMX	BCE	VIV	NTTYY	TELNY	TEF	SKM

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

VOD	+ 0.91	RCI
ORAN	+ 0.91	RCI
BCE	+ 0.91	RCI
ORAN	+ 0.91	VOD
BCE	+ 0.91	VOD
SKM	+ 0.88	ORAN

High negative correlations

NTTYY	- 0.81	VIV
TEF	- 0.79	NTTYY
NTTYY	- 0.74	BCE
NTTYY	- 0.74	VOD
SKM	- 0.68	NTTYY
NTTYY	- 0.66	ORAN

Risk-Adjusted Indicators

There is a big difference between Telus Stock performing well and Telus Corp 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 Telus Corp'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
RCI	0.84	(0.22)	0.00	(1.59)	0.00	0.00	1.41	(2.24)	4.55
VOD	1.05	(0.14)	0.00	(0.22)	0.00	0.00	2.06	(2.12)	11.18
ORAN	0.85	(0.15)	0.00	(0.95)	0.00	0.00	1.40	(1.92)	5.67
AMX	1.17	(0.27)	0.00	(0.33)	0.00	0.00	2.26	(2.88)	7.18
BCE	0.87	(0.40)	0.00	(3.05)	0.00	0.00	1.53	(1.83)	12.47
VIV	1.15	(0.11)	0.00	(0.91)	0.00	0.00	2.33	(3.00)	6.67
NTTYY	0.81	0.14	0.02	5.20	0.80	(0.92)	2.04	(1.63)	4.55
TELNY	0.81	0.04	(0.09)	(0.01)	1.15	(0.91)	1.60	(1.85)	9.77
TEF	0.80	0.00	0.00	0.12	0.00	0.00	2.12	(1.77)	6.16
SKM	0.86	(0.02)	0.00	(0.91)	0.00	0.00	2.04	(1.71)	5.40

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC