Telefonica Brasil Correlations

VIV Stock

USD 9.21 0.12 1.32%

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 0.21 (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

0.78	T	ATT Inc Aggressive Push	Pair Corr
0.61	VZ	Verizon Communications Aggressive Push	Pair Corr
0.8	TMUS	T Mobile	Pair Corr
0.79	TU	Telus Corp	Pair Corr
0.75	TV	Grupo Televisa SAB	Pair Corr
0.85	BATRA	Atlanta Braves Holdings,	Pair Corr
0.67	BATRK	Atlanta Braves Holdings,	Pair Corr
0.65	FLNT	Fluent Inc	Pair Corr

Moving against Telefonica Stock

0.67	TC	TuanChe ADR	Pair Corr
0.39	OB	Outbrain Earnings Call Today	Pair Corr
0.34	DRCT	Direct Digital Holdings	Pair Corr
0.6	WIMI	WiMi Hologram Cloud	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		0.28	0.59	0.66	0.7	0.2	-0.07	0.15	0.68	VOD
TV	0.0	0.28		0.75	0.75	0.49	0.25	0.47	0.79	0.64	TV
AMX	0.0	0.59	0.75		0.85	0.62	0.09	0.22	0.55	0.76	AMX
TEF	0.0	0.66	0.75	0.85		0.74	0.15	0.26	0.6	0.75	TEF
SKM	0.0	0.7	0.49	0.62	0.74		0.44	0.1	0.35	0.77	SKM
KT	0.0	0.2	0.25	0.09	0.15	0.44		0.41	0.51	0.29	KT
PHI	0.0	-0.07	0.47	0.22	0.26	0.1	0.41		0.67	0.12	PHI
TIMB	0.0	0.15	0.79	0.55	0.6	0.35	0.51	0.67		0.51	TIMB
LBRDA	0.0	0.68	0.64	0.76	0.75	0.77	0.29	0.12	0.51		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	+ 0.85	AMX
TIMB	+ 0.79	TV
LBRDA	+ 0.77	SKM
LBRDA	+ 0.76	AMX
AMX	+ 0.75	TV
TEF	+ 0.75	TV

High negative correlations

PHI	- 0.07	VOD
LBRDA	- 0.0	ORAN
TIMB	- 0.0	ORAN
PHI	- 0.0	ORAN
KT	- 0.0	ORAN
SKM	- 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	1.00	0.01	0.00	0.06	1.21	(1.20)	2.39	(2.38)	6.84
TV	1.90	(0.10)	0.00	(0.26)	0.00	0.00	4.17	(4.52)	14.37
AMX	1.19	(0.04)	0.00	0.20	0.00	0.00	2.81	(3.33)	7.32
TEF	0.88	0.04	0.03	(0.33)	0.99	(0.96)	1.88	(1.50)	4.24
SKM	0.95	0.04	0.03	(0.19)	1.08	(1.00)	2.63	(1.72)	6.54
KT	1.24	0.23	0.15	0.25	1.25	(1.36)	2.83	(2.45)	9.50
PHI	0.81	0.09	0.07	0.23	1.15	(0.81)	1.53	(1.97)	5.26
TIMB	1.62	0.10	0.04	0.62	2.25	(1.60)	3.43	(4.13)	9.83
LBRDA	1.34	(0.12)	0.00	(0.17)	0.00	0.00	2.80	(3.12)	10.78

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