Correlation Between TELUS International and Verint Systems

Can any of the company-specific risk be diversified away by investing in both TELUS International and Verint Systems 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 TELUS International and Verint Systems into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between TELUS International and Verint Systems, you can compare the effects of market volatilities on TELUS International and Verint Systems 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 TELUS International with a short position of Verint Systems. Check out your portfolio center. Please also check ongoing floating volatility patterns of TELUS International and Verint Systems.

Diversification Opportunities for TELUS International and Verint Systems

-0.06

Correlation Coefficient

TELUS International  Verint Systems

Good diversification

The 3 months correlation between TELUS and Verint is -0.06. Overlapping area represents the amount of risk that can be diversified away by holding TELUS International and Verint Systems in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Verint Systems and TELUS International 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 TELUS International are associated (or correlated) with Verint Systems. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Verint Systems has no effect on the direction of TELUS International i.e., TELUS International and Verint Systems go up and down completely randomly.

Pair Corralation between TELUS International and Verint Systems

Given the investment horizon of 90 days TELUS International is expected to generate 1.26 times more return on investment than Verint Systems. However, TELUS International is 1.26 times more volatile than Verint Systems. It trades about 0.1 of its potential returns per unit of risk. Verint Systems is currently generating about -0.04 per unit of risk. If you would invest  386.00  in TELUS International on July 30, 2025 and sell it today you would earn a total of  52.00  from holding TELUS International or generate 13.47% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Insignificant
Accuracy	100.0%
Values	Daily Returns

TELUS International  vs.  Verint Systems

TELUS International

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in TELUS International are ranked lower than 7 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively uncertain basic indicators, TELUS International unveiled solid returns over the last few months and may actually be approaching a breakup point.

Verint Systems

Risk-Adjusted Performance

Weakest

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

Pair Trading with TELUS International and Verint Systems

The main advantage of trading using opposite TELUS International and Verint Systems positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if TELUS International position performs unexpectedly, Verint Systems 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 Verint Systems will offset losses from the drop in Verint Systems' long position.

The idea behind TELUS International and Verint Systems 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 Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.