TELUS International Correlations

TIXT Stock

USD 4.31 0.05 1.15%

The current 90-days correlation between TELUS International and Verint Systems is 0.19 (i.e., Average diversification). The correlation of TELUS International 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. If the correlation is 0, the equities are not correlated; they are entirely random.

TELUS International Correlation With Market

Significant diversification

The correlation between TELUS International and DJI is 0.09 (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.

Build AI portfolio with TELUS Stock

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

For more information on how to buy TELUS Stock please use our How to Invest in TELUS International guide.

Moving together with TELUS Stock

0.67	IRME	International Display	Pair Corr
0.7	DRNG	Vopia Inc	Pair Corr
0.78	CDBMF	Cordoba Minerals Corp	Pair Corr
0.92	NTAP	NetApp Inc	Pair Corr
0.8	SDIIF	SDI Group plc	Pair Corr
0.61	BIRNF	BCI Minerals Limited	Pair Corr
0.79	NGS	Natural Gas Services	Pair Corr
0.83	LOGI	Logitech International	Pair Corr
0.8	RYM	RYTHM, Inc Symbol Change	Pair Corr
0.84	NAUBF	National Australia Bank Earnings Call This Week	Pair Corr
0.83	AMRK	Amark Preci	Pair Corr

Moving against TELUS Stock

0.86	CPU	Computershare	Pair Corr
0.77	PPERY	Bank Mandiri Persero Normal Trading	Pair Corr
0.76	PBCRY	Bank Central Asia	Pair Corr
0.71	BR	Broadridge Financial Earnings Call This Week	Pair Corr
0.59	CCA	Change Financial	Pair Corr
0.59	PTAIF	PT Astra International	Pair Corr
0.53	SZZLR	Sizzle Acquisition Corp	Pair Corr
0.5	PPERF	Bank Mandiri Persero	Pair Corr
0.34	RLAB	Real American Capita	Pair Corr
0.72	SNVFF	Sonoro Energy	Pair Corr
0.49	NIOCF	Niocan Inc	Pair Corr
0.45	WECFF	White Energy	Pair Corr

Related Correlations Analysis

	VRNT	ATEN	RPD	FSLY	RZLV	GCT	UPBD	RDWR	ARQQ	SUPX
VRNT		0.52	-0.01	-0.14	-0.03	-0.68	-0.15	0.16	0.03	-0.1	VRNT
ATEN	0.52		-0.15	0.42	0.39	-0.28	-0.16	0.77	0.49	0.25	ATEN
RPD	-0.01	-0.15		-0.53	-0.43	-0.02	0.42	-0.28	-0.65	-0.63	RPD
FSLY	-0.14	0.42	-0.53		0.82	0.35	0.24	0.76	0.58	0.78	FSLY
RZLV	-0.03	0.39	-0.43	0.82		0.32	0.32	0.71	0.45	0.69	RZLV
GCT	-0.68	-0.28	-0.02	0.35	0.32		0.39	0.07	0.02	0.18	GCT
UPBD	-0.15	-0.16	0.42	0.24	0.32	0.39		0.12	-0.48	0.13	UPBD
RDWR	0.16	0.77	-0.28	0.76	0.71	0.07	0.12		0.57	0.55	RDWR
ARQQ	0.03	0.49	-0.65	0.58	0.45	0.02	-0.48	0.57		0.56	ARQQ
SUPX	-0.1	0.25	-0.63	0.78	0.69	0.18	0.13	0.55	0.56		SUPX
	VRNT	ATEN	RPD	FSLY	RZLV	GCT	UPBD	RDWR	ARQQ	SUPX

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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

RZLV	+ 0.82	FSLY
SUPX	+ 0.78	FSLY
RDWR	+ 0.77	ATEN
RDWR	+ 0.76	FSLY
RDWR	+ 0.71	RZLV
SUPX	+ 0.69	RZLV

High negative correlations

GCT	- 0.68	VRNT
ARQQ	- 0.65	RPD
SUPX	- 0.63	RPD
FSLY	- 0.53	RPD
ARQQ	- 0.48	UPBD
RZLV	- 0.43	RPD

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
VRNT	0.86	(0.21)	0.00	(0.07)	0.00	0.00	4.10	(3.56)	9.50
ATEN	1.50	(0.24)	0.00	(0.04)	0.00	0.00	2.38	(3.64)	9.96
RPD	2.14	(0.40)	0.00	(0.13)	0.00	0.00	4.93	(4.51)	12.87
FSLY	2.84	0.08	0.07	0.13	2.82	(3.43)	5.69	(4.97)	20.72
RZLV	5.43	0.55	0.13	0.28	5.07	(6.98)	14.20	(10.79)	35.36
GCT	3.06	0.07	0.08	0.11	3.67	(3.21)	4.91	(5.84)	39.96
UPBD	2.31	(0.51)	0.00	(0.10)	0.00	0.00	4.36	(4.04)	15.27
RDWR	1.50	(0.21)	0.00	(0.05)	0.00	0.00	2.54	(2.76)	7.21
ARQQ	5.57	0.14	0.08	0.12	6.48	(6.53)	11.40	(8.71)	46.11
SUPX	8.52	1.76	0.19	0.58	9.32	(10.02)	16.01	(13.97)	67.53

TELUS International Corporate Management

Kenneth Cheong	Director	Profile
Stephen Lewis	Director	Profile
Sue Paish	Independent Director	Profile
Jason Macdonnell	Acting Experience	Profile
Brian Hannon	Acting Officer	Profile

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