ATT Correlations

T Stock

USD 24.83 0.09 0.36%

The current 90-days correlation between ATT Inc and Verizon Communications is 0.71 (i.e., Poor diversification). The correlation of ATT 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.

ATT Correlation With Market

Average diversification

The correlation between ATT Inc and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ATT Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with ATT Stock

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

Moving together with ATT Stock

0.84	KT	KT Corporation Earnings Call This Week	Pair Corr
0.95	TU	Telus Corp	Pair Corr
0.94	VZ	Verizon Communications	Pair Corr
0.91	0QYF	Comcast Corp	Pair Corr
0.83	601728	China Telecom Corp	Pair Corr
0.8	CHT	Chunghwa Telecom	Pair Corr
0.9	IDT	IDT Corporation	Pair Corr
0.69	IHS	IHS Holding	Pair Corr
0.72	0NKL	Telekom Austria AG	Pair Corr
0.67	TEF	Telefonica SA ADR	Pair Corr
0.63	UCL	Ucloudlink Group	Pair Corr
0.72	UNIINFO	Uniinfo Telecom Services Earnings Call This Week	Pair Corr
0.83	IOTR	iOThree Limited Ordinary	Pair Corr

Moving against ATT Stock

0.8	TATACOMM	Tata Communications	Pair Corr
0.77	BHARTIARTL	Bharti Airtel Limited	Pair Corr
0.73	AAF	Airtel Africa Plc	Pair Corr
0.6	QBR-A	Quebecor	Pair Corr
0.55	QBR-B	Quebecor	Pair Corr
0.49	INDUSTOWER	Indus Towers Limited	Pair Corr
0.89	GSAT	Globalstar, Common Stock	Pair Corr
0.67	FYBR	Frontier Communications	Pair Corr
0.41	301139	Wintao Communications	Pair Corr
0.39	TEO	Telecom Argentina	Pair Corr

Related Correlations Analysis

	VZ	DIS	TMUS	CMCSA	AMX	CHTR	TIMB	RCI
VZ		0.77	0.89	0.89	-0.85	0.68	-0.7	-0.8	VZ
DIS	0.77		0.78	0.88	-0.69	0.44	-0.55	-0.47	DIS
TMUS	0.89	0.78		0.94	-0.9	0.72	-0.83	-0.75	TMUS
CMCSA	0.89	0.88	0.94		-0.87	0.74	-0.77	-0.7	CMCSA
AMX	-0.85	-0.69	-0.9	-0.87		-0.67	0.89	0.86	AMX
CHTR	0.68	0.44	0.72	0.74	-0.67		-0.62	-0.68	CHTR
TIMB	-0.7	-0.55	-0.83	-0.77	0.89	-0.62		0.77	TIMB
RCI	-0.8	-0.47	-0.75	-0.7	0.86	-0.68	0.77		RCI
	VZ	DIS	TMUS	CMCSA	AMX	CHTR	TIMB	RCI

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

CMCSA	+ 0.94	TMUS
TMUS	+ 0.89	VZ
CMCSA	+ 0.89	VZ
TIMB	+ 0.89	AMX
CMCSA	+ 0.88	DIS
RCI	+ 0.86	AMX

High negative correlations

AMX	- 0.9	TMUS
AMX	- 0.87	CMCSA
AMX	- 0.85	VZ
TIMB	- 0.83	TMUS
RCI	- 0.8	VZ
TIMB	- 0.77	CMCSA

Risk-Adjusted Indicators

There is a big difference between ATT Stock performing well and ATT 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 ATT'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
VZ	0.87	(0.12)	0.00	(0.19)	0.00	0.00	1.71	(2.38)	6.81
DIS	0.78	(0.12)	0.00	(0.04)	0.00	0.00	1.45	(1.35)	4.21
TMUS	0.96	(0.23)	0.00	1.75	0.00	0.00	1.59	(2.56)	5.63
CMCSA	1.02	(0.30)	0.00	(0.20)	0.00	0.00	1.90	(2.43)	6.85
AMX	1.04	0.29	0.23	0.84	0.73	(1.40)	3.65	(1.40)	7.26
CHTR	1.38	(0.37)	0.00	(0.17)	0.00	0.00	2.73	(3.42)	8.84
TIMB	1.18	0.13	0.06	0.26	1.37	(1.20)	2.10	(2.31)	6.27
RCI	0.91	0.16	0.07	1.41	0.96	(1.01)	1.86	(1.74)	5.55

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