SK Telecom Correlations

SKM Stock

USD 22.36 0.21 0.95%

The current 90-days correlation between SK Telecom and KT Corporation is 0.41 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SK Telecom moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SK Telecom Co moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

SK Telecom Correlation With Market

Good diversification

The correlation between SK Telecom Co and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SK Telecom Co and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with SKM Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SK Telecom Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

Moving together with SKM Stock

0.66

GCLWW

GCL Global Holdings

Pair Corr

Moving against SKM Stock

0.62	SJ	Scienjoy Holding Corp	Pair Corr
0.61	PHI	PLDT Inc ADR	Pair Corr
0.4	CURIW	CuriosityStream	Pair Corr
0.37	VZ	Verizon Communications Aggressive Push	Pair Corr
0.31	ATEX	Anterix	Pair Corr
0.8	FNGR	FingerMotion	Pair Corr
0.61	VEON	VEON	Pair Corr
0.58	EPWK	EPWK Holdings	Pair Corr
0.52	BOC	Boston Omaha Corp	Pair Corr
0.38	GDEVW	Nexters Warrant	Pair Corr
0.32	WLYB	John Wiley Sons	Pair Corr
0.31	ANGHW	Anghami Warrants	Pair Corr
0.31	WIMI	WiMi Hologram Cloud	Pair Corr

Related Correlations Analysis

	T	KT	TU	VZ	VEON	AMX	FNGR	BCE	CHT	IDT
T		0.48	0.47	0.06	-0.23	0.4	-0.11	0.15	0.57	0.67	T
KT	0.48		0.74	-0.44	0.03	0.8	-0.15	0.73	0.81	0.59	KT
TU	0.47	0.74		-0.33	0.19	0.63	-0.01	0.65	0.86	0.8	TU
VZ	0.06	-0.44	-0.33		0.15	-0.35	0.29	-0.43	-0.34	-0.15	VZ
VEON	-0.23	0.03	0.19	0.15		0.22	0.66	-0.03	0.04	-0.03	VEON
AMX	0.4	0.8	0.63	-0.35	0.22		0.22	0.45	0.68	0.59	AMX
FNGR	-0.11	-0.15	-0.01	0.29	0.66	0.22		-0.47	0.07	0.15	FNGR
BCE	0.15	0.73	0.65	-0.43	-0.03	0.45	-0.47		0.5	0.25	BCE
CHT	0.57	0.81	0.86	-0.34	0.04	0.68	0.07	0.5		0.87	CHT
IDT	0.67	0.59	0.8	-0.15	-0.03	0.59	0.15	0.25	0.87		IDT
	T	KT	TU	VZ	VEON	AMX	FNGR	BCE	CHT	IDT

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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

IDT	+ 0.87	CHT
CHT	+ 0.86	TU
CHT	+ 0.81	KT
AMX	+ 0.8	KT
IDT	+ 0.8	TU
TU	+ 0.74	KT

High negative correlations

BCE	- 0.47	FNGR
VZ	- 0.44	KT
BCE	- 0.43	VZ
AMX	- 0.35	VZ
CHT	- 0.34	VZ
VZ	- 0.33	TU

Risk-Adjusted Indicators

There is a big difference between SKM Stock performing well and SK Telecom 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 SK Telecom'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
T	1.03	(0.05)	(0.09)	0.02	1.34	(1.08)	2.35	(2.35)	5.71
KT	0.98	0.24	0.11	1.24	0.89	(1.11)	2.55	(1.98)	6.45
TU	0.76	0.23	0.08	(1.05)	0.51	(0.91)	1.48	(1.12)	8.83
VZ	0.89	(0.11)	0.00	(1.47)	0.00	0.00	1.58	(1.73)	4.39
VEON	3.18	0.24	0.07	0.30	4.04	(3.50)	8.62	(5.60)	30.77
AMX	0.91	0.21	0.07	34.88	0.75	(1.09)	1.98	(1.44)	8.46
FNGR	5.55	0.83	0.08	(0.49)	5.57	(7.18)	17.32	(10.21)	43.26
BCE	1.14	0.22	0.05	(1.88)	1.15	(1.34)	2.19	(1.74)	7.86
CHT	0.86	0.15	0.05	0.72	0.77	(0.95)	2.02	(1.66)	7.17
IDT	1.69	0.13	0.06	0.26	1.93	(1.85)	3.03	(3.40)	19.60

SK Telecom Corporate Management

Kim Junmo	Non-Executive Independent Director	Profile
Jungwhan Ahn	Head Culture	Profile
Jinwon Kim	CFO Group	Profile
Hee Kim	Head Center	Profile

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