ATT Correlations

T Stock  USD 24.58  0.28  1.15%   
The current 90-days correlation between ATT Inc and Bim Birlesik Magazalar is -0.01 (i.e., Good diversification). The correlation of ATT 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.

ATT Correlation With Market

Average diversification

The correlation between ATT Inc and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ATT Inc and DJI in the same portfolio, assuming nothing else is changed.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ATT Inc. 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.

Moving together with ATT Stock

  0.86VZ Verizon CommunicationsPairCorr
  0.81CHT Chunghwa TelecomPairCorr
  0.8IOTR iOThree Limited OrdinaryPairCorr
  0.68002929 Runjian CommunicationPairCorr

Moving against ATT Stock

  0.68TEO Telecom ArgentinaPairCorr
  0.41TLK Telkom Indonesia TbkPairCorr
  0.79ALFNF Alfen NVPairCorr
  0.77PTAIY Astra International TbkPairCorr
  0.73DVLT Datavault AI Symbol ChangePairCorr
  0.72MT ArcelorMittal SA ADRPairCorr
  0.63AGX Argan IncPairCorr
  0.63GSISF Genesis MineralsPairCorr
  0.55PUTKY United Tractors TbkPairCorr
  0.55FULC Fulcrum Therapeutics TrendingPairCorr
  0.54RL Ralph Lauren CorpPairCorr
  0.52SVNLY Svenska HandelsbankenPairCorr
  0.51PHJMF PT Hanjaya MandalaPairCorr
  0.49PKX POSCO HoldingsPairCorr
  0.36EC Ecopetrol SA ADRPairCorr
  0.34JKHY Jack Henry AssociatesPairCorr

Related Correlations Analysis


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

BMBRFSITKF
RRTLXMSTSX
RWAYLVIASP
RWAYLRRTLX
RWAYLLBHIX
RRTLXVIASP
  

High negative correlations

SEGGRWAYL
SEGGVIASP
SEGGRRTLX
SEGIVIASP
SEGGLBHIX
BMBRFSEGG

Risk-Adjusted Indicators

There is a big difference between ATT Stock performing well and ATT 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 ATT'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
MSTSX  0.52  0.02 (0.05) 0.20  0.71 
 0.92 
 3.28 
LBHIX  8.92  4.87  17.55 (0.94) 0.00 
 0.47 
 299.13 
VIASP  0.41  0.00 (0.10) 0.01  0.60 
 0.94 
 2.95 
RRTLX  0.22 (0.01)(0.15) 0.03  0.27 
 0.61 
 1.37 
OSHDF  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
SITKF  3.59  0.31  0.07  0.40  3.75 
 8.22 
 28.16 
RWAYL  0.14  0.01 (0.26)(0.19) 0.12 
 0.36 
 0.89 
SEGI  13.25  1.52  0.05 (0.32) 13.20 
 25.00 
 83.33 
SEGG  5.41 (2.12) 0.00 (1.02) 0.00 
 13.67 
 49.25 
BMBRF  0.05  0.02  0.00  0.92  0.00 
 0.00 
 0.97