T-Mobile Correlations
| TM5 Stock | EUR 196.52 1.84 0.93% |
The current 90-days correlation between T Mobile and Verizon Communications is -0.09 (i.e., Good diversification). The correlation of T-Mobile 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.
T-Mobile Correlation With Market
Good diversification
The correlation between T Mobile and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding T Mobile and DJI in the same portfolio, assuming nothing else is changed.
T-Mobile |
The ability to find closely correlated positions to T-Mobile could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace T-Mobile 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 T-Mobile - 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 T Mobile to buy it.
Moving together with T-Mobile Stock
| 0.74 | BAC | Verizon Communications Earnings Call This Week | PairCorr |
Moving against T-Mobile Stock
| 0.79 | CTM | China Mobile Limited | PairCorr |
| 0.78 | KBIA | KB Financial Group Earnings Call This Week | PairCorr |
| 0.77 | 2WGA | WOORI FIN GRP Earnings Call This Week | PairCorr |
| 0.72 | HYU | Hyundai Motor Earnings Call This Week | PairCorr |
| 0.65 | HEI | Heidelberg Materials | PairCorr |
| 0.62 | ECHA | Ecopetrol SA | PairCorr |
| 0.61 | ECHA | Ecopetrol SA | PairCorr |
| 0.59 | KGHA | KGHM Polska Miedz | PairCorr |
| 0.59 | E908 | Lyxor 1 | PairCorr |
| 0.52 | DBPE | Xtrackers LevDAX | PairCorr |
| 0.51 | 6GAA | Grupo Aval Acciones | PairCorr |
| 0.5 | MFZA | Mitsubishi UFJ Financial | PairCorr |
| 0.41 | 6GAA | Grupo Aval Acciones | 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 T-Mobile Stock performing well and T-Mobile 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 T-Mobile'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 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in T-Mobile 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.Did you try this?
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