Telecom Argentina Correlations

TEO Stock

USD 9.06 0.12 1.34%

The current 90-days correlation between Telecom Argentina and PLDT Inc ADR is 0.23 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Telecom Argentina moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Telecom Argentina SA moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Telecom Argentina Correlation With Market

Average diversification

The correlation between Telecom Argentina SA and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Telecom Argentina SA and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Telecom Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Telecom Argentina SA. 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 Telecom Stock

0.64	PHI	PLDT Inc ADR	Pair Corr
0.67	ATEX	Anterix	Pair Corr
0.78	GDEVW	Nexters Warrant	Pair Corr

Moving against Telecom Stock

0.8	VIV	Telefonica Brasil Earnings Call This Week	Pair Corr
0.76	KT	KT Corporation Potential Growth	Pair Corr
0.75	IRDM	Iridium Communications Earnings Call This Week	Pair Corr
0.72	TIMB	TIM Participacoes	Pair Corr
0.69	DLPN	Dolphin Entertainment	Pair Corr
0.67	WB	Weibo Corp	Pair Corr
0.65	SKM	SK Telecom	Pair Corr
0.65	Z	Zillow Group Class	Pair Corr
0.65	SY	So Young International Trending	Pair Corr
0.65	TV	Grupo Televisa SAB Earnings Call Today	Pair Corr
0.63	BCE	BCE Inc	Pair Corr
0.63	TLK	Telkom Indonesia Tbk	Pair Corr
0.62	ZG	Zillow Group	Pair Corr
0.59	TU	Telus Corp	Pair Corr
0.57	EB	Eventbrite Class A	Pair Corr
0.49	EA	Electronic Arts Earnings Call This Week	Pair Corr
0.47	T	ATT Inc Earnings Call This Week	Pair Corr
0.47	ZH	Zhihu Inc ADR	Pair Corr
0.39	BZ	Kanzhun Ltd ADR	Pair Corr
0.37	RPID	Rapid Micro Biosystems	Pair Corr
0.31	TC	TuanChe ADR	Pair Corr
0.76	BATRK	Atlanta Braves Holdings,	Pair Corr
0.75	BATRA	Atlanta Braves Holdings,	Pair Corr
0.7	ADV	Advantage Solutions	Pair Corr
0.67	VENU	Venu Holding	Pair Corr
0.65	VSME	VS Media Holdings	Pair Corr
0.62	CHT	Chunghwa Telecom	Pair Corr
0.51	DIS	Walt Disney	Pair Corr
0.5	GCLWW	GCL Global Holdings	Pair Corr
0.49	EVER	EverQuote Class A	Pair Corr

Related Correlations Analysis

	TEF	ORAN	SKM	AMX	KT	TLK	PHI	VIV	TIMB	LBRDA
TEF		0.0	0.48	0.67	0.77	0.87	-0.7	0.87	0.84	0.57	TEF
ORAN	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	ORAN
SKM	0.48	0.0		0.1	0.42	0.37	-0.61	0.51	0.46	-0.15	SKM
AMX	0.67	0.0	0.1		0.82	0.7	-0.27	0.74	0.75	0.78	AMX
KT	0.77	0.0	0.42	0.82		0.8	-0.5	0.91	0.86	0.7	KT
TLK	0.87	0.0	0.37	0.7	0.8		-0.7	0.89	0.89	0.69	TLK
PHI	-0.7	0.0	-0.61	-0.27	-0.5	-0.7		-0.71	-0.68	-0.26	PHI
VIV	0.87	0.0	0.51	0.74	0.91	0.89	-0.71		0.97	0.66	VIV
TIMB	0.84	0.0	0.46	0.75	0.86	0.89	-0.68	0.97		0.72	TIMB
LBRDA	0.57	0.0	-0.15	0.78	0.7	0.69	-0.26	0.66	0.72		LBRDA
	TEF	ORAN	SKM	AMX	KT	TLK	PHI	VIV	TIMB	LBRDA

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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	+ 0.97	VIV
VIV	+ 0.91	KT
VIV	+ 0.89	TLK
TIMB	+ 0.89	TLK
TLK	+ 0.87	TEF
VIV	+ 0.87	TEF

High negative correlations

VIV	- 0.71	PHI
PHI	- 0.7	TLK
PHI	- 0.7	TEF
TIMB	- 0.68	PHI
PHI	- 0.61	SKM
PHI	- 0.5	KT

Risk-Adjusted Indicators

There is a big difference between Telecom Stock performing well and Telecom Argentina 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 Telecom Argentina'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
TEF	1.02	0.26	0.06	(0.49)	1.05	(1.10)	2.32	(1.91)	5.35
ORAN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SKM	1.17	0.04	(0.04)	(2.02)	2.34	(1.02)	2.26	(3.81)	10.52
AMX	0.95	0.24	0.11	(17.53)	0.70	(1.15)	2.26	(1.44)	8.46
KT	0.99	0.26	0.13	1.40	0.90	(1.14)	2.55	(1.98)	6.45
TLK	1.38	0.27	0.15	0.61	1.25	(1.72)	3.79	(2.71)	8.11
PHI	0.92	(0.08)	0.00	(0.07)	0.00	0.00	1.82	(2.22)	4.58
VIV	1.12	0.39	0.17	(9.45)	1.04	(1.31)	2.61	(1.96)	9.37
TIMB	1.45	0.30	0.13	2.12	1.20	(1.66)	3.54	(2.41)	9.95
LBRDA	1.69	0.19	0.09	0.35	1.68	(1.93)	2.88	(3.06)	14.76

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC