Tele2 AB Correlations

TLTZY Stock

USD 8.60 0.03 0.35%

The current 90-days correlation between Tele2 AB and Proximus NV ADR is -0.11 (i.e., Good diversification). The correlation of Tele2 AB 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.

Tele2 AB Correlation With Market

Significant diversification

The correlation between Tele2 AB and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tele2 AB and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Tele2 AB could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tele2 AB 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 Tele2 AB - 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 Tele2 AB to buy it.

Moving together with Tele2 Pink Sheet

0.71	VZ	Verizon Communications	Pair Corr
0.85	TLK	Telkom Indonesia Tbk	Pair Corr
0.73	DTB	DTE Energy	Pair Corr
0.69	AMSC	American Superconductor	Pair Corr
0.84	TAWNF	Thai Airways Interna	Pair Corr
0.75	BP	BP PLC ADR Aggressive Push	Pair Corr

Moving against Tele2 Pink Sheet

0.6	CMCSA	Comcast Corp Aggressive Push	Pair Corr
0.56	PPERF	Bank Mandiri Persero	Pair Corr
0.53	PBCRF	PT Bank Central	Pair Corr
0.52	BKRKF	PT Bank Rakyat	Pair Corr

Related Correlations Analysis

	BGAOY	TTRAF	SNGNF	VODPF	SMNUF	TLSNF	KDDIF	AMXOF	ASEJF	TPGTF
BGAOY		0.12	0.01	0.07	0.1	-0.49	-0.1	-0.38	0.09	-0.62	BGAOY
TTRAF	0.12		-0.11	0.08	-0.02	0.35	0.01	0.12	0.29	0.1	TTRAF
SNGNF	0.01	-0.11		0.34	-0.39	-0.09	0.05	0.66	0.65	0.47	SNGNF
VODPF	0.07	0.08	0.34		-0.44	-0.21	-0.25	0.5	0.55	0.38	VODPF
SMNUF	0.1	-0.02	-0.39	-0.44		0.18	0.06	-0.63	-0.58	-0.62	SMNUF
TLSNF	-0.49	0.35	-0.09	-0.21	0.18		0.28	0.1	-0.02	0.31	TLSNF
KDDIF	-0.1	0.01	0.05	-0.25	0.06	0.28		0.0	0.17	0.1	KDDIF
AMXOF	-0.38	0.12	0.66	0.5	-0.63	0.1	0.0		0.76	0.81	AMXOF
ASEJF	0.09	0.29	0.65	0.55	-0.58	-0.02	0.17	0.76		0.54	ASEJF
TPGTF	-0.62	0.1	0.47	0.38	-0.62	0.31	0.1	0.81	0.54		TPGTF
	BGAOY	TTRAF	SNGNF	VODPF	SMNUF	TLSNF	KDDIF	AMXOF	ASEJF	TPGTF

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

TPGTF	+ 0.81	AMXOF
ASEJF	+ 0.76	AMXOF
AMXOF	+ 0.66	SNGNF
ASEJF	+ 0.65	SNGNF
ASEJF	+ 0.55	VODPF
TPGTF	+ 0.54	ASEJF

High negative correlations

AMXOF	- 0.63	SMNUF
TPGTF	- 0.62	SMNUF
TPGTF	- 0.62	BGAOY
ASEJF	- 0.58	SMNUF
TLSNF	- 0.49	BGAOY
SMNUF	- 0.44	VODPF

Risk-Adjusted Indicators

There is a big difference between Tele2 Pink Sheet performing well and Tele2 AB 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 Tele2 AB'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
BGAOY	1.51	0.07	0.00	0.27	2.27	(3.25)	4.62	(4.39)	18.38
TTRAF	1.26	0.16	0.00	(0.34)	0.00	0.00	6.01	(3.78)	23.23
SNGNF	2.05	0.17	0.02	0.86	2.68	(3.27)	2.96	(6.14)	16.99
VODPF	2.54	0.25	0.04	0.34	3.22	(5.97)	9.09	(5.98)	30.69
SMNUF	1.31	(0.52)	0.00	(0.61)	0.00	0.00	0.00	0.00	48.96
TLSNF	0.53	0.08	0.00	(5.76)	0.00	0.00	0.88	(0.54)	15.34
KDDIF	1.91	0.04	0.00	0.17	2.92	(5.39)	7.52	(7.75)	23.98
AMXOF	0.79	0.23	0.00	(0.25)	0.00	0.00	3.30	(2.30)	13.34
ASEJF	0.51	0.21	0.00	0.61	0.00	0.00	0.00	0.00	9.09
TPGTF	0.61	0.25	0.00	(1.57)	0.00	0.00	0.00	0.00	24.56

Be your own money manager

Our tools can tell you how much better you can do entering a position in Tele2 AB 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?

Run Odds Of Bankruptcy Now

Odds Of Bankruptcy

Get analysis of equity chance of financial distress in the next 2 years

All Next

Launch Module

Tele2 AB Corporate Management

Charlotte Hansson	Ex CFO	Profile
Dmirty Petrov	Director Management	Profile
Kjell Johnsen	Pres CEO	Profile
Joel Ibson	Head Communications	Profile
Jan Berntsson	Head Audit	Profile
Jonas Lundquist	Marketing Director	Profile

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