Shenandoah Telecommunicatio Correlations
| SH9 Stock | EUR 12.60 0.10 0.80% |
The current 90-days correlation between Shenandoah Telecommunicatio and T Mobile is -0.06 (i.e., Good diversification). The correlation of Shenandoah Telecommunicatio 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.
Shenandoah Telecommunicatio Correlation With Market
Good diversification
The correlation between Shenandoah Telecommunications and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Shenandoah Telecommunications and DJI in the same portfolio, assuming nothing else is changed.
Shenandoah |
The ability to find closely correlated positions to Shenandoah Telecommunicatio could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Shenandoah Telecommunicatio 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 Shenandoah Telecommunicatio - 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 Shenandoah Telecommunications to buy it.
Moving together with Shenandoah Stock
| 0.83 | CTM | China Mobile Limited | PairCorr |
| 0.78 | HYU | Hyundai Motor Earnings Call This Week | PairCorr |
| 0.76 | 2WGA | WOORI FIN GRP Earnings Call This Week | PairCorr |
Moving against Shenandoah Stock
| 0.81 | BAC | Verizon Communications Earnings Call This Week | PairCorr |
| 0.76 | DTE | Deutsche Telekom | PairCorr |
| 0.71 | DTEA | Deutsche Telekom | PairCorr |
| 0.7 | DTE | Deutsche Telekom | PairCorr |
| 0.63 | TM5 | T Mobile Earnings Call This Week | PairCorr |
| 0.55 | NTT | Nippon Telegraph | PairCorr |
| 0.55 | NLV | Nippon Telegraph | PairCorr |
| 0.53 | ALV | Allianz SE | PairCorr |
| 0.47 | SOBA | ATT Inc Earnings Call This Week | PairCorr |
| 0.47 | SOBA | ATT Inc Earnings Call This Week | PairCorr |
| 0.43 | VOL4 | VOLVO B UNSPADR | PairCorr |
Related Correlations Analysis
| 0.74 | 0.3 | 0.54 | 0.35 | 0.41 | TM5 | ||
| 0.74 | 0.61 | 0.65 | 0.65 | 0.68 | BAC | ||
| 0.3 | 0.61 | 0.45 | 0.55 | 0.53 | SOBA | ||
| 0.54 | 0.65 | 0.45 | 0.67 | 0.74 | DTE | ||
| 0.35 | 0.65 | 0.55 | 0.67 | 0.92 | NTT | ||
| 0.41 | 0.68 | 0.53 | 0.74 | 0.92 | NLV | ||
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Risk-Adjusted Indicators
There is a big difference between Shenandoah Stock performing well and Shenandoah Telecommunicatio 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 Shenandoah Telecommunicatio'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TM5 | 1.47 | (0.21) | 0.00 | 3.25 | 0.00 | 2.65 | 12.07 | |||
| BAC | 0.98 | (0.19) | 0.00 | (0.56) | 0.00 | 1.64 | 5.58 | |||
| SOBA | 1.05 | (0.09) | 0.00 | (0.50) | 0.00 | 2.08 | 6.37 | |||
| DTE | 1.07 | (0.04) | 0.00 | (4.07) | 0.00 | 1.78 | 6.52 | |||
| NTT | 1.28 | (0.05) | 0.00 | 2.68 | 0.00 | 3.33 | 7.68 | |||
| NLV | 0.91 | (0.06) | 0.00 | 35.43 | 0.00 | 1.82 | 5.99 |
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Shenandoah Telecommunicatio Corporate Management
Elected by the shareholders, the Shenandoah Telecommunicatio's board of directors comprises two types of representatives: Shenandoah Telecommunicatio inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Shenandoah. The board's role is to monitor Shenandoah Telecommunicatio's management team and ensure that shareholders' interests are well served. Shenandoah Telecommunicatio's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Shenandoah Telecommunicatio's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Richard Mason | VP Operations | Profile | |
| Dennis Romps | VP Officer | Profile | |
| Christopher French | Pres Chairman | Profile | |
| James CPA | Sr CFO | Profile | |
| Derek Rieger | VP Counsel | Profile | |
| Dara Leslie | VP Marketing | Profile | |
| Ann Flowers | Associate Counsel | Profile |