T Mobile Correlations

TMUS Stock

USD 228.79 2.58 1.14%

The current 90-days correlation between T Mobile and Verizon Communications is 0.55 (i.e., Very weak diversification). The correlation of T Mobile 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.

T Mobile Correlation With Market

Good diversification

The correlation between T Mobile and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding T Mobile and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with TMUS Stock

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

For more information on how to buy TMUS Stock please use our How to Invest in T Mobile guide.

Moving together with TMUS Stock

0.76	VOD	Vodafone Group PLC	Pair Corr
0.61	NSFDF	NXT Energy Solutions	Pair Corr

Moving against TMUS Stock

0.6	ZTLLF	Zonetail	Pair Corr
0.58	SHEN	Shenandoah Telecommunicatio	Pair Corr
0.5	ASTS	Ast Spacemobile Aggressive Push	Pair Corr
0.37	TTML	Tata Teleservices	Pair Corr
0.36	DMI	Diamcor Mining	Pair Corr
0.32	GLABF	Gemina Laboratories	Pair Corr
0.58	TORO	Toro	Pair Corr
0.51	ARBK	Argo Blockchain PLC	Pair Corr
0.49	PLUG	Plug Power	Pair Corr
0.41	KGFHY	Kingfisher PLC ADR	Pair Corr
0.64	PRZO	ParaZero Technologies	Pair Corr
0.42	PFAI	Pinnacle Food Group	Pair Corr

Related Correlations Analysis

	VZ	T	CMCSA	CHTR	AVGO	SWKS	S	EA
VZ		0.85	-0.06	-0.59	0.24	0.23	-0.19	0.23	VZ
T	0.85		0.11	-0.47	0.29	0.22	-0.06	-0.03	T
CMCSA	-0.06	0.11		0.7	-0.66	-0.2	0.2	-0.73	CMCSA
CHTR	-0.59	-0.47	0.7		-0.59	-0.09	0.31	-0.55	CHTR
AVGO	0.24	0.29	-0.66	-0.59		0.46	0.11	0.63	AVGO
SWKS	0.23	0.22	-0.2	-0.09	0.46		0.13	0.46	SWKS
S	-0.19	-0.06	0.2	0.31	0.11	0.13		-0.26	S
EA	0.23	-0.03	-0.73	-0.55	0.63	0.46	-0.26		EA
	VZ	T	CMCSA	CHTR	AVGO	SWKS	S	EA

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

T	+ 0.85	VZ
CHTR	+ 0.7	CMCSA
EA	+ 0.63	AVGO
SWKS	+ 0.46	AVGO
EA	+ 0.46	SWKS
S	+ 0.31	CHTR

High negative correlations

EA	- 0.73	CMCSA
AVGO	- 0.66	CMCSA
AVGO	- 0.59	CHTR
CHTR	- 0.59	VZ
EA	- 0.55	CHTR
CHTR	- 0.47	T

Risk-Adjusted Indicators

There is a big difference between TMUS Stock performing well and T Mobile 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 T Mobile'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
VZ	0.76	(0.05)	0.00	(0.24)	0.00	0.00	1.49	(1.31)	9.15
T	0.85	(0.10)	0.00	(1.09)	0.00	0.00	1.75	(2.33)	6.47
CMCSA	0.99	(0.29)	0.00	(0.29)	0.00	0.00	1.88	(2.24)	6.65
CHTR	1.75	(0.67)	0.00	(0.49)	0.00	0.00	2.66	(4.07)	20.38
AVGO	1.60	0.35	0.15	(3.24)	1.56	(1.74)	3.14	(3.34)	13.61
SWKS	1.34	(0.14)	0.00	(0.04)	0.00	0.00	3.41	(3.23)	8.43
S	2.18	(0.12)	0.00	(0.01)	0.00	0.00	4.45	(3.85)	16.44
EA	1.36	0.42	0.26	1.58	0.95	(1.63)	4.50	(2.42)	15.18

T Mobile Corporate Management

Terry Hayes	First York	Profile
Mark Nelson	Executive Counsel	Profile
Callie Field	Strategic Advisor	Profile
Deeanne King	Executive Officer	Profile
Jud Henry	Senior Relations	Profile

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