Vodafone Group Correlations

VODPF Stock

USD 0.97 0.02 2.11%

The current 90-days correlation between Vodafone Group PLC and SoftBank Corp is -0.02 (i.e., Good 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

Good diversification

The correlation between Vodafone Group PLC and DJI is -0.07 (i.e., Good 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.

The ability to find closely correlated positions to Vodafone 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 Vodafone 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 Vodafone 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 Vodafone Group PLC to buy it.

Moving together with Vodafone Pink Sheet

0.65

ISMAY

Indra Sistemas SA

Pair Corr

Related Correlations Analysis

	SOBKY	CHTR	CABO	AARTY	BCPPF	AXLX	SNGNF	AAFRF	KDDIF	AMXOF
SOBKY		0.59	-0.59	0.65	0.82	0.0	0.4	0.65	0.22	-0.46	SOBKY
CHTR	0.59		-0.16	0.31	0.34	0.0	0.17	0.31	-0.05	-0.25	CHTR
CABO	-0.59	-0.16		-0.39	-0.73	0.0	-0.02	-0.61	-0.25	0.5	CABO
AARTY	0.65	0.31	-0.39		0.59	0.0	0.31	0.78	0.24	-0.4	AARTY
BCPPF	0.82	0.34	-0.73	0.59		0.0	0.22	0.77	0.38	-0.61	BCPPF
AXLX	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	AXLX
SNGNF	0.4	0.17	-0.02	0.31	0.22	0.0		0.1	0.3	0.28	SNGNF
AAFRF	0.65	0.31	-0.61	0.78	0.77	0.0	0.1		0.39	-0.56	AAFRF
KDDIF	0.22	-0.05	-0.25	0.24	0.38	0.0	0.3	0.39		-0.05	KDDIF
AMXOF	-0.46	-0.25	0.5	-0.4	-0.61	0.0	0.28	-0.56	-0.05		AMXOF
	SOBKY	CHTR	CABO	AARTY	BCPPF	AXLX	SNGNF	AAFRF	KDDIF	AMXOF

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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

BCPPF	+ 0.82	SOBKY
AAFRF	+ 0.78	AARTY
AAFRF	+ 0.77	BCPPF
AARTY	+ 0.65	SOBKY
AAFRF	+ 0.65	SOBKY
CHTR	+ 0.59	SOBKY

High negative correlations

BCPPF	- 0.73	CABO
AMXOF	- 0.61	BCPPF
AAFRF	- 0.61	CABO
CABO	- 0.59	SOBKY
AMXOF	- 0.56	AAFRF
AMXOF	- 0.46	SOBKY

Risk-Adjusted Indicators

There is a big difference between Vodafone Pink Sheet 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
SOBKY	0.77	0.23	0.36	44.42	0.46	(1.01)	1.76	(1.31)	5.19
CHTR	1.37	(0.02)	0.00	(0.09)	0.00	0.00	2.58	(3.44)	8.90
CABO	2.37	(0.50)	0.00	(2.08)	0.00	0.00	4.12	(6.18)	22.18
AARTY	1.59	0.75	0.00	(0.86)	0.00	0.00	0.00	0.00	33.71
BCPPF	0.09	0.03	0.00	(0.52)	0.00	0.00	0.00	0.00	2.90
AXLX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SNGNF	1.30	0.39	0.00	0.86	0.00	0.00	5.99	(4.41)	16.99
AAFRF	4.07	1.04	0.12	7.67	3.80	(9.90)	15.38	(6.80)	40.66
KDDIF	2.45	0.19	0.03	(0.22)	3.88	(6.05)	7.96	(10.17)	31.47
AMXOF	1.76	0.17	0.02	(1.63)	2.86	(6.63)	7.50	(6.98)	29.95

Be your own money manager

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

Johan Wibergh	Group Officer	Profile
Leanne Wood	Chief Officer	Profile
Antnio Carrapatoso	Chief Operations	Profile
Rob Mukherjee	Head business	Profile
Serpil Timuray	Chief Executive, Africa, Middle East and Asia-Pacific	Profile
Rosemary Martin	Group General Counsel, Company Secretary and Member of Executive Committee	Profile

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