Verizon Communications Correlations
| VZ Stock | USD 43.71 0.39 0.90% |
The current 90-days correlation between Verizon Communications and T Mobile is -0.05 (i.e., Good diversification). The correlation of Verizon Communications 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.
Verizon Communications Correlation With Market
Modest diversification
The correlation between Verizon Communications and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Verizon Communications and DJI in the same portfolio, assuming nothing else is changed.
Verizon |
Moving together with Verizon Stock
| 0.66 | VOD | Vodafone Group PLC | PairCorr |
| 0.72 | TMUS | T Mobile | PairCorr |
| 0.86 | TU | Telus Corp | PairCorr |
| 0.65 | TV | Grupo Televisa SAB | PairCorr |
| 0.81 | BATRK | Atlanta Braves Holdings, | PairCorr |
| 0.64 | ADV | Advantage Solutions Earnings Call Tomorrow | PairCorr |
| 0.75 | AMX | America Movil SAB | PairCorr |
| 0.61 | FNGR | FingerMotion | PairCorr |
| 0.75 | BCE | BCE Inc | PairCorr |
Moving against Verizon Stock
| 0.54 | VEON | VEON | PairCorr |
| 0.53 | OB | Outbrain Earnings Call Tomorrow | PairCorr |
| 0.35 | TC | TuanChe ADR | PairCorr |
| 0.57 | CTV | Innovid Corp | PairCorr |
| 0.52 | WIMI | WiMi Hologram Cloud | PairCorr |
| 0.36 | CNM | Core Main | PairCorr |
Related Correlations Analysis
| -0.09 | 0.0 | 0.03 | 0.83 | 0.34 | 0.25 | TMUS | ||
| -0.09 | 0.0 | 0.91 | -0.51 | 0.75 | 0.62 | LUMN | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | DISH | ||
| 0.03 | 0.91 | 0.0 | -0.37 | 0.89 | 0.7 | CMCSA | ||
| 0.83 | -0.51 | 0.0 | -0.37 | -0.02 | -0.06 | T | ||
| 0.34 | 0.75 | 0.0 | 0.89 | -0.02 | 0.78 | CHTR | ||
| 0.25 | 0.62 | 0.0 | 0.7 | -0.06 | 0.78 | VOD | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Verizon Stock performing well and Verizon Communications 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 Verizon Communications' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TMUS | 1.16 | 0.18 | 0.10 | 2.61 | 1.56 | 2.20 | 9.15 | |||
| LUMN | 2.60 | (0.96) | 0.00 | (1.34) | 0.00 | 4.93 | 24.24 | |||
| DISH | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CMCSA | 1.22 | (0.22) | 0.00 | (0.54) | 0.00 | 1.62 | 13.18 | |||
| T | 0.93 | 0.27 | 0.23 | 0.52 | 0.93 | 1.80 | 7.94 | |||
| CHTR | 1.39 | (0.08) | 0.00 | (0.14) | 0.00 | 2.58 | 11.04 | |||
| VOD | 1.00 | 0.01 | 0.01 | 0.05 | 1.21 | 2.39 | 6.84 |