Telefonica Correlations

TEF Stock

USD 5.40 0.05 0.93%

The current 90-days correlation between Telefonica SA ADR and Telefonica Brasil SA is 0.21 (i.e., Modest diversification). 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

Good diversification

The correlation between Telefonica SA ADR and DJI is -0.16 (i.e., Good 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

0.7	KT	KT Corporation	Pair Corr
0.81	TU	Telus Corp Earnings Call Next Week	Pair Corr
0.8	TV	Grupo Televisa SAB	Pair Corr
0.83	WB	Weibo Corp	Pair Corr
0.71	DLPN	Dolphin Entertainment	Pair Corr
0.86	VENU	Venu Holding	Pair Corr
0.64	VSME	VS Media Holdings	Pair Corr
0.73	BATRA	Atlanta Braves Holdings,	Pair Corr
0.76	BATRK	Atlanta Braves Holdings, Earnings Call Next Week	Pair Corr
0.62	ADV	Advantage Solutions	Pair Corr

Moving against Telefonica Stock

0.55	GDEVW	Nexters Warrant	Pair Corr
0.49	TMUS	T Mobile Buyout Trend	Pair Corr
0.42	SJ	Scienjoy Holding Corp	Pair Corr
0.89	DJT	Trump Media Technology	Pair Corr
0.75	BOC	Boston Omaha Corp	Pair Corr
0.68	CCG	Cheche Group Class Earnings Call Tomorrow	Pair Corr
0.67	WIMI	WiMi Hologram Cloud	Pair Corr
0.57	FNGR	FingerMotion	Pair Corr
0.48	FLNT	Fluent Inc	Pair Corr
0.37	ANGHW	Anghami Warrants	Pair Corr

Related Correlations Analysis

	VIV	VOD	TV	AMX	SAN
VIV		0.84	0.84	0.68	0.54	VIV
VOD	0.84		0.75	0.67	0.61	VOD
TV	0.84	0.75		0.58	0.6	TV
AMX	0.68	0.67	0.58		0.36	AMX
SAN	0.54	0.61	0.6	0.36		SAN
	VIV	VOD	TV	AMX	SAN

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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
VIV	1.14	0.31	0.06	3.97	1.21	(1.28)	2.61	(2.71)	9.37
VOD	1.20	0.44	0.08	(0.72)	0.86	(1.51)	2.61	(2.20)	9.97
TV	2.17	0.47	0.13	2.01	1.85	(2.70)	4.91	(3.85)	13.15
AMX	0.95	0.15	(0.02)	0.79	0.76	(1.16)	2.26	(1.44)	4.78
SAN	1.30	0.11	0.06	0.33	1.79	(1.39)	2.44	(2.90)	9.58

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