Telefonica Correlations

TEF Stock

USD 5.26 0.03 0.57%

The correlation of Telefonica 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.

Telefonica Correlation With Market

Significant diversification

The correlation between Telefonica SA ADR and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Telefonica SA ADR and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Telefonica Stock

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

Moving together with Telefonica Stock

0.88	VOD	Vodafone Group PLC Aggressive Push	Pair Corr
0.62	EA	Electronic Arts	Pair Corr
0.65	EB	Eventbrite Class A	Pair Corr
0.86	KT	KT Corporation	Pair Corr
0.78	SE	Sea	Pair Corr
0.9	TU	Telus Corp	Pair Corr
0.8	TV	Grupo Televisa SAB	Pair Corr
0.61	WB	Weibo Corp	Pair Corr
0.74	DLPN	Dolphin Entertainment	Pair Corr
0.69	BATRK	Atlanta Braves Holdings,	Pair Corr

Moving against Telefonica Stock

0.69	TMUS	T Mobile	Pair Corr
0.52	ZD	Ziff Davis	Pair Corr
0.47	IQ	iQIYI Inc	Pair Corr
0.81	WIMI	WiMi Hologram Cloud	Pair Corr
0.59	ANGHW	Anghami Warrants	Pair Corr
0.53	GDEVW	Nexters Warrant	Pair Corr
0.51	FLNT	Fluent Inc	Pair Corr
0.38	CCG	Cheche Group Class	Pair Corr

Related Correlations Analysis

	ORAN	SKM	AMX	KT	VIV	VOD	VZ	LUMN	CMCSA	TIMB
ORAN		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	ORAN
SKM	0.0		-0.06	0.0	0.06	0.05	-0.15	-0.36	-0.18	0.03	SKM
AMX	0.0	-0.06		0.9	0.82	0.68	-0.03	0.09	-0.26	0.84	AMX
KT	0.0	0.0	0.9		0.9	0.74	-0.06	0.35	-0.08	0.9	KT
VIV	0.0	0.06	0.82	0.9		0.78	-0.15	0.29	-0.09	0.99	VIV
VOD	0.0	0.05	0.68	0.74	0.78		0.07	0.32	0.16	0.76	VOD
VZ	0.0	-0.15	-0.03	-0.06	-0.15	0.07		0.06	0.4	-0.15	VZ
LUMN	0.0	-0.36	0.09	0.35	0.29	0.32	0.06		0.62	0.28	LUMN
CMCSA	0.0	-0.18	-0.26	-0.08	-0.09	0.16	0.4	0.62		-0.1	CMCSA
TIMB	0.0	0.03	0.84	0.9	0.99	0.76	-0.15	0.28	-0.1		TIMB
	ORAN	SKM	AMX	KT	VIV	VOD	VZ	LUMN	CMCSA	TIMB

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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

TIMB	+ 0.99	VIV
KT	+ 0.9	AMX
VIV	+ 0.9	KT
TIMB	+ 0.9	KT
TIMB	+ 0.84	AMX
VIV	+ 0.82	AMX

High negative correlations

LUMN	- 0.36	SKM
CMCSA	- 0.26	AMX
CMCSA	- 0.18	SKM
TIMB	- 0.15	VZ
VZ	- 0.15	VIV
VZ	- 0.15	SKM

Risk-Adjusted Indicators

There is a big difference between Telefonica Stock performing well and Telefonica 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 Telefonica'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
ORAN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SKM	1.20	0.11	0.04	0.54	1.74	(1.20)	2.71	(2.94)	10.62
AMX	1.25	0.29	0.16	0.86	1.34	(1.47)	3.80	(1.81)	9.93
KT	1.12	0.15	0.09	0.66	1.30	(1.20)	2.96	(2.16)	6.45
VIV	1.33	0.39	0.20	1.38	1.44	(1.57)	3.49	(1.55)	10.29
VOD	1.49	0.14	0.05	0.34	2.01	(1.71)	3.28	(2.76)	12.11
VZ	1.08	(0.03)	0.00	(0.05)	0.00	0.00	1.89	(1.96)	7.66
LUMN	3.30	(0.19)	0.00	(0.06)	0.00	0.00	7.61	(6.57)	22.74
CMCSA	1.19	(0.07)	0.00	(0.04)	0.00	0.00	2.14	(2.47)	11.39
TIMB	1.49	0.45	0.20	1.04	1.60	(1.62)	3.54	(2.55)	10.37

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