Correlation Between Telephone and PLDT

Can any of the company-specific risk be diversified away by investing in both Telephone and PLDT at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Telephone and PLDT into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Telephone and Data and PLDT Inc, you can compare the effects of market volatilities on Telephone and PLDT and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Telephone with a short position of PLDT. Check out your portfolio center. Please also check ongoing floating volatility patterns of Telephone and PLDT.

Diversification Opportunities for Telephone and PLDT

0.0

Correlation Coefficient

Telephone  PLDT

Pay attention - limited upside

The 3 months correlation between Telephone and PLDT is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Telephone and Data and PLDT Inc in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on PLDT Inc and Telephone is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Telephone and Data are associated (or correlated) with PLDT. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of PLDT Inc has no effect on the direction of Telephone i.e., Telephone and PLDT go up and down completely randomly.

Pair Corralation between Telephone and PLDT

If you would invest  2,052  in PLDT Inc on August 19, 2025 and sell it today you would earn a total of  0.00  from holding PLDT Inc or generate 0.0% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	98.46%
Values	Daily Returns

Telephone and Data  vs.  PLDT Inc

Telephone and Data

Risk-Adjusted Performance

Weakest

Over the last 90 days Telephone and Data has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively stable fundamental indicators, Telephone is not utilizing all of its potentials. The latest stock price uproar, may contribute to short-horizon losses for the private investors.

PLDT Inc

Risk-Adjusted Performance

Weakest

Over the last 90 days PLDT Inc has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable fundamental indicators, PLDT is not utilizing all of its potentials. The current stock price disturbance, may contribute to mid-run losses for the stockholders.

Pair Trading with Telephone and PLDT

The main advantage of trading using opposite Telephone and PLDT positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Telephone position performs unexpectedly, PLDT can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in PLDT will offset losses from the drop in PLDT's long position.

The idea behind Telephone and Data and PLDT Inc pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.