Telefonica Brasil Correlations

VIV Stock

USD 8.71 0.08 0.93%

The correlation of Telefonica Brasil 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.

Telefonica Brasil Correlation With Market

Modest diversification

The correlation between Telefonica Brasil SA and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Telefonica Brasil SA 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 Telefonica Brasil SA. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Telefonica Stock

0.71	T	ATT Inc Earnings Call Today	Pair Corr
0.71	TMUS	T Mobile	Pair Corr
0.72	IQ	iQIYI Inc	Pair Corr
0.76	KT	KT Corporation	Pair Corr
0.7	TU	Telus Corp	Pair Corr
0.73	WB	Weibo Corp	Pair Corr
0.77	YY	YY Inc Class	Pair Corr
0.81	BATRA	Atlanta Braves Holdings,	Pair Corr
0.66	BATRK	Atlanta Braves Holdings,	Pair Corr

Moving against Telefonica Stock

0.73	LUMN	Lumen Technologies	Pair Corr
0.66	EA	Electronic Arts	Pair Corr
0.57	TC	TuanChe ADR	Pair Corr
0.5	LBTYB	Liberty Global PLC	Pair Corr
0.32	ZD	Ziff Davis	Pair Corr
0.31	OB	Outbrain	Pair Corr
0.73	ADD	Color Star Technology	Pair Corr
0.65	AMC	AMC Entertainment	Pair Corr
0.64	ANGHW	Anghami Warrants	Pair Corr
0.57	WIMI	WiMi Hologram Cloud	Pair Corr
0.39	DRCT	Direct Digital Holdings Earnings Call Today	Pair Corr
0.34	ADV	Advantage Solutions	Pair Corr
0.34	CCO	Clear Channel Outdoor	Pair Corr

Related Correlations Analysis

	ORAN	VOD	TV	AMX	TEF	SKM	KT	PHI	TIMB	LBRDA
ORAN		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	ORAN
VOD	0.0		-0.17	0.08	0.87	-0.06	0.69	0.56	0.58	0.63	VOD
TV	0.0	-0.17		0.72	0.19	0.38	0.21	0.45	0.5	0.37	TV
AMX	0.0	0.08	0.72		0.37	0.45	0.2	0.34	0.49	0.45	AMX
TEF	0.0	0.87	0.19	0.37		0.27	0.7	0.71	0.8	0.73	TEF
SKM	0.0	-0.06	0.38	0.45	0.27		0.3	0.21	0.4	0.37	SKM
KT	0.0	0.69	0.21	0.2	0.7	0.3		0.72	0.83	0.69	KT
PHI	0.0	0.56	0.45	0.34	0.71	0.21	0.72		0.78	0.64	PHI
TIMB	0.0	0.58	0.5	0.49	0.8	0.4	0.83	0.78		0.69	TIMB
LBRDA	0.0	0.63	0.37	0.45	0.73	0.37	0.69	0.64	0.69		LBRDA
	ORAN	VOD	TV	AMX	TEF	SKM	KT	PHI	TIMB	LBRDA

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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

TEF	+ 0.87	VOD
TIMB	+ 0.83	KT
TIMB	+ 0.8	TEF
TIMB	+ 0.78	PHI
LBRDA	+ 0.73	TEF
AMX	+ 0.72	TV

High negative correlations

TV	- 0.17	VOD
SKM	- 0.06	VOD
LBRDA	- 0.0	ORAN
TIMB	- 0.0	ORAN
PHI	- 0.0	ORAN
KT	- 0.0	ORAN

Risk-Adjusted Indicators

There is a big difference between Telefonica Stock performing well and Telefonica Brasil 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 Telefonica Brasil'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
ORAN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VOD	1.06	0.19	0.18	0.86	1.09	(1.31)	2.79	(2.33)	6.88
TV	2.11	(0.16)	0.00	(0.26)	0.00	0.00	4.21	(5.03)	14.97
AMX	1.24	(0.09)	0.00	1.52	0.00	0.00	2.83	(3.33)	7.32
TEF	0.82	0.13	0.17	1.34	0.91	(0.90)	1.83	(1.48)	3.76
SKM	0.92	(0.03)	0.00	(0.12)	0.00	0.00	2.24	(1.72)	5.06
KT	1.02	0.18	0.17	0.22	0.96	(1.10)	2.04	(1.90)	6.92
PHI	1.00	0.07	0.07	0.21	1.48	(0.98)	1.81	(2.36)	8.54
TIMB	1.47	0.36	0.18	0.53	1.88	(1.54)	3.45	(2.56)	14.05
LBRDA	1.38	0.09	0.05	0.05	1.97	(1.34)	2.78	(3.12)	9.58

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