T Mobile Correlations

TMUS Stock

USD 227.21 0.18 0.08%

The current 90-days correlation between T Mobile and Verizon Communications is 0.56 (i.e., Very weak 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. If the correlation is 0, the equities are not correlated; they are entirely random.

T Mobile Correlation With Market

Average diversification

The correlation between T Mobile and DJI is 0.19 (i.e., Average 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.

Build AI portfolio with TMUS Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in T Mobile. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

For more information on how to buy TMUS Stock please use our How to Invest in T Mobile guide.

Moving together with TMUS Stock

0.65

PHI

PLDT Inc ADR

Pair Corr

Moving against TMUS Stock

0.55	IRDM	Iridium Communications Earnings Call This Week	Pair Corr
0.55	RPID	Rapid Micro Biosystems	Pair Corr
0.52	TV	Grupo Televisa SAB Earnings Call Tomorrow	Pair Corr
0.44	TC	TuanChe ADR	Pair Corr
0.44	WB	Weibo Corp	Pair Corr
0.43	VIV	Telefonica Brasil	Pair Corr
0.41	TU	Telus Corp	Pair Corr
0.4	TIMB	TIM Participacoes	Pair Corr
0.39	BCE	BCE Inc	Pair Corr
0.39	Z	Zillow Group Class	Pair Corr
0.39	EB	Eventbrite Class A	Pair Corr
0.39	SY	So Young International Trending	Pair Corr
0.37	TLK	Telkom Indonesia Tbk	Pair Corr
0.37	BZ	Kanzhun Ltd ADR	Pair Corr
0.37	ZG	Zillow Group	Pair Corr
0.57	VENU	Venu Holding	Pair Corr
0.52	BATRK	Atlanta Braves Holdings,	Pair Corr
0.51	BATRA	Atlanta Braves Holdings,	Pair Corr
0.45	VSME	VS Media Holdings	Pair Corr
0.42	ADV	Advantage Solutions	Pair Corr
0.39	GCLWW	GCL Global Holdings	Pair Corr
0.33	CCO	Clear Channel Outdoor	Pair Corr
0.32	DLPN	Dolphin Entertainment	Pair Corr

Related Correlations Analysis

	VZ	T	CMCSA	CHTR	AVGO	SWKS	S	EA
VZ		0.25	0.0	0.3	-0.42	-0.05	0.23	-0.15	VZ
T	0.25		0.59	0.43	0.48	0.49	-0.06	0.63	T
CMCSA	0.0	0.59		0.63	0.72	0.76	0.19	0.59	CMCSA
CHTR	0.3	0.43	0.63		0.46	0.69	0.66	0.47	CHTR
AVGO	-0.42	0.48	0.72	0.46		0.76	0.0	0.51	AVGO
SWKS	-0.05	0.49	0.76	0.69	0.76		0.08	0.48	SWKS
S	0.23	-0.06	0.19	0.66	0.0	0.08		0.17	S
EA	-0.15	0.63	0.59	0.47	0.51	0.48	0.17		EA
	VZ	T	CMCSA	CHTR	AVGO	SWKS	S	EA

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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

SWKS	+ 0.76	CMCSA
SWKS	+ 0.76	AVGO
AVGO	+ 0.72	CMCSA
SWKS	+ 0.69	CHTR
S	+ 0.66	CHTR
EA	+ 0.63	T

High negative correlations

AVGO	- 0.42	VZ
EA	- 0.15	VZ
S	- 0.06	T
SWKS	- 0.05	VZ
S	- 0.0	AVGO
CMCSA	- 0.0	VZ

Risk-Adjusted Indicators

There is a big difference between TMUS 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
VZ	0.89	(0.16)	0.00	(0.25)	0.00	0.00	1.58	(1.73)	4.39
T	1.02	(0.05)	(0.10)	0.00	1.35	(1.06)	2.35	(2.35)	5.71
CMCSA	1.01	(0.05)	(0.08)	0.05	1.24	(1.05)	1.91	(1.64)	5.53
CHTR	1.60	0.21	0.09	0.47	1.54	(1.78)	2.76	(2.34)	15.50
AVGO	1.66	0.57	0.32	0.63	1.25	(1.95)	4.32	(2.80)	11.43
SWKS	1.37	0.28	0.19	0.39	1.11	(1.55)	3.90	(2.63)	10.34
S	1.71	(0.09)	(0.02)	0.06	2.70	(1.70)	3.87	(3.52)	17.40
EA	0.99	(0.02)	(0.06)	0.10	1.23	(0.96)	2.41	(2.52)	6.88

T Mobile Corporate Management

Marty Pisciotti	Vice Careers	Profile
Janice Kapner	Executive Officer	Profile
Srinivasan Gopalan	Chief Officer	Profile
Terry Hayes	First York	Profile
Mark Nelson	Executive Counsel	Profile

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