Vodafone Group Correlations

VOD Stock

USD 8.75 0.17 1.98%

The current 90-days correlation between Vodafone Group PLC and Telefonica Brasil SA is 0.26 (i.e., Modest diversification). The correlation of Vodafone 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.

Vodafone Group Correlation With Market

Average diversification

The correlation between Vodafone Group PLC and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vodafone Group PLC 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 Vodafone Group PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with Vodafone Stock

0.66	VZ	Verizon Communications Aggressive Push	Pair Corr
0.7	FNGR	FingerMotion	Pair Corr
0.75	BCE	BCE Inc	Pair Corr
0.84	IDT	IDT Corporation Earnings Call This Week	Pair Corr
0.73	RCI	Rogers Communications	Pair Corr
0.7	SKM	SK Telecom	Pair Corr
0.66	TEF	Telefonica SA ADR	Pair Corr
0.62	LUMN	Lumen Technologies	Pair Corr
0.67	LBTYA	Liberty Global PLC	Pair Corr
0.68	ATNI	ATN International	Pair Corr
0.69	BAND	Bandwidth Earnings Call Today	Pair Corr

Moving against Vodafone Stock

0.68	VEON	VEON	Pair Corr
0.65	TBB	ATT Inc	Pair Corr
0.49	FYBR	Frontier Communications	Pair Corr
0.42	TKC	Turkcell Iletisim	Pair Corr
0.31	TDS	Telephone and Data	Pair Corr
0.31	UCL	Ucloudlink Group	Pair Corr
0.51	OB	Outbrain Earnings Call Today	Pair Corr
0.31	YY	YY Inc Class	Pair Corr

Related Correlations Analysis

	VIV	ORAN	TV	AMX	TEF	SKM	T	TMUS	CMCSA	LUMN
VIV		0.0	0.75	0.52	0.5	0.28	0.78	0.8	-0.04	-0.09	VIV
ORAN	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	ORAN
TV	0.75	0.0		0.75	0.75	0.49	0.55	0.76	0.24	0.2	TV
AMX	0.52	0.0	0.75		0.85	0.62	0.35	0.61	0.53	0.44	AMX
TEF	0.5	0.0	0.75	0.85		0.74	0.38	0.69	0.53	0.42	TEF
SKM	0.28	0.0	0.49	0.62	0.74		0.15	0.46	0.71	0.54	SKM
T	0.78	0.0	0.55	0.35	0.38	0.15		0.88	-0.37	-0.53	T
TMUS	0.8	0.0	0.76	0.61	0.69	0.46	0.88		-0.03	-0.18	TMUS
CMCSA	-0.04	0.0	0.24	0.53	0.53	0.71	-0.37	-0.03		0.91	CMCSA
LUMN	-0.09	0.0	0.2	0.44	0.42	0.54	-0.53	-0.18	0.91		LUMN
	VIV	ORAN	TV	AMX	TEF	SKM	T	TMUS	CMCSA	LUMN

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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
TMUS	+ 0.88	T
TEF	+ 0.85	AMX
TMUS	+ 0.8	VIV
T	+ 0.78	VIV
TMUS	+ 0.76	TV

High negative correlations

LUMN	- 0.53	T
CMCSA	- 0.37	T
LUMN	- 0.18	TMUS
LUMN	- 0.09	VIV
CMCSA	- 0.04	VIV
CMCSA	- 0.03	TMUS

Risk-Adjusted Indicators

There is a big difference between Vodafone Stock performing well and Vodafone 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 Vodafone 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
VIV	1.52	0.05	0.02	0.09	2.01	(1.58)	3.20	(3.11)	8.12
ORAN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
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
T	0.92	0.24	0.21	0.47	0.95	(1.07)	1.80	(1.75)	7.94
TMUS	1.16	0.21	0.12	0.31	1.56	(1.24)	2.20	(2.81)	9.15
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

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