Telecom Italia Correlations

TIAOF Stock

USD 0.47 0.02 4.44%

The current 90-days correlation between Telecom Italia SpA and DBS Group Holdings is -0.09 (i.e., Good diversification). The correlation of Telecom Italia 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.

Telecom Italia Correlation With Market

Average diversification

The correlation between Telecom Italia SpA 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 Telecom Italia SpA and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Telecom Italia could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Telecom Italia when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Telecom Italia - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Telecom Italia SpA to buy it.

Moving together with Telecom Pink Sheet

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0.75	MMM	3M Company	Pair Corr
0.85	DIS	Walt Disney	Pair Corr
0.8	BA	Boeing Earnings Call This Week	Pair Corr
0.65	INTC	Intel	Pair Corr
0.71	IBM	International Business	Pair Corr
0.8	JPM	JPMorgan Chase Sell-off Trend	Pair Corr

Moving against Telecom Pink Sheet

0.52

MCD

McDonalds

Pair Corr

Related Correlations Analysis

	DBSDY	MTNOY	SCMWY	SNGNF	TELNY	UOVEY	VDMCY
DBSDY		0.58	0.44	0.51	0.54	0.93	0.58	DBSDY
MTNOY	0.58		0.79	0.41	0.84	0.61	0.9	MTNOY
SCMWY	0.44	0.79		0.27	0.82	0.48	0.77	SCMWY
SNGNF	0.51	0.41	0.27		0.35	0.45	0.31	SNGNF
TELNY	0.54	0.84	0.82	0.35		0.53	0.81	TELNY
UOVEY	0.93	0.61	0.48	0.45	0.53		0.68	UOVEY
VDMCY	0.58	0.9	0.77	0.31	0.81	0.68		VDMCY
	DBSDY	MTNOY	SCMWY	SNGNF	TELNY	UOVEY	VDMCY

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Telecom Pink Sheet performing well and Telecom Italia 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 Italia'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
DBSDY	0.66	0.27	0.09	1.88	0.30	(0.75)	1.69	(1.19)	4.82
MTNOY	1.83	0.41	0.10	2.77	1.88	(2.10)	3.54	(3.19)	10.61
SCMWY	0.79	0.13	(0.10)	(2.22)	0.93	(0.81)	1.49	(1.66)	3.98
SNGNF	1.04	0.21	0.00	4.16	1.16	(3.10)	3.42	(3.41)	15.15
TELNY	0.91	0.19	(0.06)	(1.31)	0.92	(1.12)	2.04	(1.69)	5.72
UOVEY	0.59	0.11	(0.08)	0.62	0.49	(0.69)	1.40	(0.86)	4.41
VDMCY	1.42	0.22	(0.02)	(1.31)	1.99	(1.45)	2.84	(2.62)	11.83

Be your own money manager

Our tools can tell you how much better you can do entering a position in Telecom Italia without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Telecom Italia Corporate Management

Roberto Mazzilli	Head of IT & Security Compliance	Profile
Carola Bardelli	Head of Investor Relations	Profile
Alessandro Picardi	Chief Officer	Profile
Pietro Labriola	GM CEO	Profile
Adrian Calaza	Chief Officer	Profile
Stefano Siragusa	Chief TIM Infrastructures Officer	Profile
Agostino Nuzzolo	General Counsel, Secretary	Profile

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