Vodacom Group Correlations

VDMCY Stock

USD 6.52 0.22 3.49%

The correlation of Vodacom Group 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.

Vodacom Group Correlation With Market

Weak diversification

The correlation between Vodacom Group Ltd and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vodacom Group Ltd and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Vodacom Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vodacom Group 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 Vodacom Group - 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 Vodacom Group Ltd to buy it.

Moving together with Vodacom Pink Sheet

0.87	T	ATT Inc Earnings Call Tomorrow	Pair Corr
0.72	VZ	Verizon Communications	Pair Corr
0.89	DTEGF	Deutsche Telekom	Pair Corr
0.78	GLU	Gabelli Global Utility	Pair Corr
0.71	PLTR	Palantir Technologies	Pair Corr
0.73	GTN	Gray Television	Pair Corr
0.71	HROWM	Harrow Health, 11875	Pair Corr
0.93	WM	Waste Management	Pair Corr

Moving against Vodacom Pink Sheet

0.61	ERHE	ERHC Energy	Pair Corr
0.58	CMCSA	Comcast Corp	Pair Corr
0.48	SHWZ	Medicine Man Technologies Earnings Call This Week	Pair Corr

Related Correlations Analysis

	TLSNY	PTXKY	TELNY	TLTZY	MTNOY	KT	WOW	TELNF	SKM	TIMB
TLSNY		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	TLSNY
PTXKY	0.0		0.02	0.03	0.12	0.01	0.05	0.01	0.07	0.04	PTXKY
TELNY	0.0	0.02		0.96	0.84	0.88	-0.12	0.98	0.17	0.89	TELNY
TLTZY	0.0	0.03	0.96		0.79	0.82	-0.03	0.95	0.2	0.88	TLTZY
MTNOY	0.0	0.12	0.84	0.79		0.85	-0.27	0.8	0.24	0.87	MTNOY
KT	0.0	0.01	0.88	0.82	0.85		-0.27	0.87	0.3	0.83	KT
WOW	0.0	0.05	-0.12	-0.03	-0.27	-0.27		-0.1	0.39	-0.07	WOW
TELNF	0.0	0.01	0.98	0.95	0.8	0.87	-0.1		0.17	0.88	TELNF
SKM	0.0	0.07	0.17	0.2	0.24	0.3	0.39	0.17		0.4	SKM
TIMB	0.0	0.04	0.89	0.88	0.87	0.83	-0.07	0.88	0.4		TIMB
	TLSNY	PTXKY	TELNY	TLTZY	MTNOY	KT	WOW	TELNF	SKM	TIMB

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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

TELNF	+ 0.98	TELNY
TLTZY	+ 0.96	TELNY
TELNF	+ 0.95	TLTZY
TIMB	+ 0.89	TELNY
KT	+ 0.88	TELNY
TIMB	+ 0.88	TLTZY

High negative correlations

WOW	- 0.27	KT
WOW	- 0.27	MTNOY
WOW	- 0.12	TELNY
TELNF	- 0.1	WOW
TIMB	- 0.07	WOW
WOW	- 0.03	TLTZY

Risk-Adjusted Indicators

There is a big difference between Vodacom Pink Sheet performing well and Vodacom Group 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 Vodacom Group'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
TLSNY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PTXKY	4.04	0.18	0.04	0.34	4.72	(5.10)	8.93	(8.97)	32.95
TELNY	0.89	0.33	0.37	59.77	0.74	(1.08)	1.80	(1.07)	4.75
TLTZY	1.46	0.46	0.24	2.24	1.06	(2.61)	4.81	(2.85)	8.82
MTNOY	2.01	0.47	0.18	0.39	2.06	(2.23)	3.77	(3.56)	16.62
KT	1.02	0.18	0.17	0.22	0.96	(1.10)	2.04	(1.90)	6.92
WOW	1.97	0.11	0.07	0.14	1.90	(2.41)	3.33	(3.15)	15.28
TELNF	0.93	0.37	0.00	12.16	0.00	0.00	4.10	(1.22)	6.81
SKM	0.92	(0.03)	0.00	(0.12)	0.00	0.00	2.24	(1.72)	5.06
TIMB	1.47	0.36	0.18	0.53	1.88	(1.54)	3.45	(2.56)	14.05

Be your own money manager

Our tools can tell you how much better you can do entering a position in Vodacom Group 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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Vodacom Group Corporate Management

T Ralebitso	Managing Ventures	Profile
Dejan Kastelic	Chief Officer	Profile
Nkateko Nyoka	Chief Officer of Legal and Regulatory and Member of Executive Committee	Profile
Matimba Mbungela	Chief Human Resource Officer	Profile
Johan Graan	Chief Officer	Profile

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