Lumen Technologies Correlations

LUMN Stock

USD 4.36 0.03 0.68%

The current 90-days correlation between Lumen Technologies and Viatris is 0.23 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Lumen Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lumen Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Lumen Technologies Correlation With Market

Very weak diversification

The correlation between Lumen Technologies and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lumen Technologies and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Lumen Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lumen Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

To learn how to invest in Lumen Stock, please use our How to Invest in Lumen Technologies guide.

Moving together with Lumen Stock

0.83	KT	KT Corporation Potential Growth	Pair Corr
0.72	TLK	Telkom Indonesia Tbk	Pair Corr
0.8	VIV	Telefonica Brasil	Pair Corr
0.83	IRDM	Iridium Communications Earnings Call This Week	Pair Corr
0.67	RPID	Rapid Micro Biosystems	Pair Corr
0.8	TIMB	TIM Participacoes	Pair Corr
0.8	Z	Zillow Group Class	Pair Corr
0.82	BZ	Kanzhun Ltd ADR	Pair Corr
0.68	EA	Electronic Arts	Pair Corr
0.72	EB	Eventbrite Class A	Pair Corr
0.63	SE	Sea	Pair Corr
0.61	SY	So Young International Trending	Pair Corr
0.65	TC	TuanChe ADR	Pair Corr
0.73	TU	Telus Corp	Pair Corr
0.77	WB	Weibo Corp	Pair Corr
0.81	ZG	Zillow Group	Pair Corr
0.61	ZH	Zhihu Inc ADR	Pair Corr
0.64	DLPN	Dolphin Entertainment	Pair Corr

Moving against Lumen Stock

0.75	ATEX	Anterix	Pair Corr
0.42	PHI	PLDT Inc ADR	Pair Corr
0.58	CCG	Cheche Group Class Earnings Call This Week	Pair Corr
0.56	GDEVW	Nexters Warrant	Pair Corr
0.56	WIMI	WiMi Hologram Cloud	Pair Corr
0.47	EPWK	EPWK Holdings	Pair Corr
0.43	BOC	Boston Omaha Corp	Pair Corr
0.41	ANGHW	Anghami Warrants	Pair Corr

Related Correlations Analysis

	T	VZ	VOD	TMUS	WBD	VTRS	IRM	MPW	OKE
T		0.25	0.49	-0.2	0.39	0.57	0.6	-0.43	-0.37	T
VZ	0.25		-0.4	0.69	-0.57	-0.29	-0.21	0.4	0.11	VZ
VOD	0.49	-0.4		-0.63	0.89	0.74	0.62	-0.89	-0.49	VOD
TMUS	-0.2	0.69	-0.63		-0.76	-0.75	-0.73	0.7	0.13	TMUS
WBD	0.39	-0.57	0.89	-0.76		0.82	0.68	-0.88	-0.43	WBD
VTRS	0.57	-0.29	0.74	-0.75	0.82		0.89	-0.77	-0.37	VTRS
IRM	0.6	-0.21	0.62	-0.73	0.68	0.89		-0.77	-0.33	IRM
MPW	-0.43	0.4	-0.89	0.7	-0.88	-0.77	-0.77		0.49	MPW
OKE	-0.37	0.11	-0.49	0.13	-0.43	-0.37	-0.33	0.49		OKE
	T	VZ	VOD	TMUS	WBD	VTRS	IRM	MPW	OKE

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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

WBD	+ 0.89	VOD
IRM	+ 0.89	VTRS
VTRS	+ 0.82	WBD
VTRS	+ 0.74	VOD
MPW	+ 0.7	TMUS
TMUS	+ 0.69	VZ

High negative correlations

MPW	- 0.89	VOD
MPW	- 0.88	WBD
MPW	- 0.77	IRM
MPW	- 0.77	VTRS
WBD	- 0.76	TMUS
VTRS	- 0.75	TMUS

Risk-Adjusted Indicators

There is a big difference between Lumen Stock performing well and Lumen Technologies 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 Lumen Technologies' 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
T	1.02	(0.05)	(0.10)	0.00	1.35	(1.06)	2.35	(2.35)	5.71
VZ	0.89	(0.16)	0.00	(0.25)	0.00	0.00	1.58	(1.73)	4.39
VOD	1.20	0.33	0.18	2.92	0.86	(1.49)	2.61	(2.20)	9.97
TMUS	1.32	(0.28)	0.00	(0.34)	0.00	0.00	2.07	(3.22)	13.12
WBD	1.84	0.60	0.29	0.76	1.49	(2.13)	5.04	(3.03)	11.82
VTRS	1.57	0.11	0.07	0.22	1.71	(1.66)	2.96	(3.46)	10.12
IRM	1.05	0.16	0.09	0.34	1.21	(1.20)	2.43	(2.44)	8.65
MPW	1.53	(0.50)	0.00	(0.39)	0.00	0.00	2.35	(3.88)	9.31
OKE	1.28	0.03	(0.06)	0.00	2.03	(1.22)	2.49	(3.06)	9.21

Lumen Technologies Corporate Management

Satish Lakshmanan	Executive Officer	Profile
Steven Clontz	Independent Director	Profile
Scott Trezise	Executive Vice President - Human Resources	Profile
Andrew Dugan	Chief Officer	Profile
India Sylvester	Chief Officer	Profile

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