TELUS International Correlations
| TIXT Stock | CAD 6.07 0.15 2.53% |
The current 90-days correlation between TELUS International and Lightspeed Commerce is -0.03 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as TELUS International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TELUS International moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
TELUS International Correlation With Market
Significant diversification
The correlation between TELUS International and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TELUS International and DJI in the same portfolio, assuming nothing else is changed.
TELUS |
The ability to find closely correlated positions to TELUS International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TELUS International 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 TELUS International - 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 TELUS International to buy it.
Moving together with TELUS Stock
| 0.61 | SEC | Senvest Capital | PairCorr |
| 0.8 | FFH-PH | Fairfax Financial | PairCorr |
| 0.9 | BMO | Bank of Montreal | PairCorr |
| 0.83 | RY | Royal Bank | PairCorr |
| 0.71 | BEX | Benton Resources Earnings Call This Week | PairCorr |
| 0.77 | BB | BlackBerry | PairCorr |
| 0.67 | JNJ | Johnson Johnson CDR | PairCorr |
| 0.85 | HBM | HudBay Minerals Earnings Call This Week | PairCorr |
| 0.71 | GIL | Gildan Activewear | PairCorr |
| 0.77 | WN-PC | George Weston Ser | PairCorr |
| 0.62 | BIP-PE | Brookfield Infrastructure | PairCorr |
| 0.75 | FURY | Fury Gold Mines Earnings Call This Week | PairCorr |
| 0.7 | FPX | FPX Nickel Corp | PairCorr |
| 0.9 | VBNK | VersaBank | PairCorr |
| 0.8 | NICU | Magna Mining | PairCorr |
| 0.91 | OTEX | Open Text Corp | PairCorr |
| 0.81 | VROY | Vizsla Royalties Corp Earnings Call This Week | PairCorr |
| 0.81 | TD | Toronto Dominion Bank | PairCorr |
| 0.76 | MEG | MEG Energy Corp Earnings Call This Week | PairCorr |
| 0.65 | LFE | Canadian Life Companies | PairCorr |
| 0.81 | MKO | Mako Mining Corp | PairCorr |
| 0.77 | MTL | Mullen Group | PairCorr |
| 0.77 | YGT | Gold Terra Resource | PairCorr |
| 0.82 | DML | Denison Mines Corp | PairCorr |
| 0.82 | SKYG | Sky Gold Corp | PairCorr |
Moving against TELUS Stock
Related Correlations Analysis
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
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Risk-Adjusted Indicators
There is a big difference between TELUS Stock performing well and TELUS International 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 TELUS International'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LSPD | 2.07 | 0.14 | 0.02 | (2.90) | 2.45 | 3.93 | 9.89 | |||
| PNG | 3.46 | 0.56 | 0.20 | 0.35 | 2.84 | 10.02 | 26.87 | |||
| DND | 3.53 | (0.97) | 0.00 | 1.55 | 0.00 | 6.70 | 28.87 | |||
| ENGH | 1.02 | (0.11) | 0.00 | (1.15) | 0.00 | 1.89 | 9.97 | |||
| TC | 1.83 | 0.29 | 0.05 | (0.24) | 1.98 | 4.24 | 19.55 | |||
| CVO | 2.03 | (0.54) | 0.00 | (1.05) | 0.00 | 3.95 | 32.61 | |||
| DCBO | 1.69 | (0.38) | 0.00 | (0.69) | 0.00 | 2.86 | 12.62 | |||
| VENZ | 3.25 | 0.29 | 0.01 | (0.18) | 4.27 | 11.11 | 40.38 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in TELUS International 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.Did you try this?
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Analyst AdviceAnalyst recommendations and target price estimates broken down by several categories |
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TELUS International Corporate Management
Elected by the shareholders, the TELUS International's board of directors comprises two types of representatives: TELUS International inside directors who are chosen from within the company, and outside directors, selected externally and held independent of TELUS. The board's role is to monitor TELUS International's management team and ensure that shareholders' interests are well served. TELUS International's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, TELUS International's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Monty Hamilton | Chief Officer | Profile | |
| Gopi Chande | Chief Officer | Profile | |
| Maria Pardee | Chief Officer | Profile | |
| JoseLuis Garcia | Chief Officer | Profile | |
| Michael Ringman | Chief Officer | Profile | |
| Jason Macdonnell | Acting Experience | Profile | |
| Mahawa Touray | Chief Officer | Profile |