TELUS International Correlations
| TIXT Stock | | | CAD 5.49 0.07 1.29% |
The current 90-days correlation between TELUS International and Coveo Solutions is 0.3 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as TELUS International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TELUS International moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
The ability to find closely correlated positions to TELUS International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TELUS International 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 TELUS International - 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 TELUS International to buy it.
Moving together with TELUS Stock
Related Correlations Analysis
Risk-Adjusted IndicatorsThere is a big difference between TELUS Stock performing well and TELUS International 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 TELUS International'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.
Be your own money manager
Our tools can tell you how much better you can do entering a position in TELUS International without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.
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TELUS International Corporate Management
Elected by the shareholders, the TELUS International's board of directors comprises two types of representatives: TELUS International inside directors who are chosen from within the company, and outside directors, selected externally and held independent of TELUS. The board's role is to monitor TELUS International's management team and ensure that shareholders' interests are well served. TELUS International'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, TELUS International's outside directors are responsible for providing unbiased perspectives on the board's policies.