Telus Corp Correlations

Telus Corp Correlation With Market

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Telus Corp. 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 Telus Stock please use our How to Invest in Telus Corp guide.

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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    RCI + 0.9 BCE CM + 0.85 RCI CM + 0.76 AMX TRP + 0.74 FTS CM + 0.66 BCE AMX + 0.57 RCI

High negative correlations    TRP - 0.49 RCI TRP - 0.46 BCE FTS - 0.45 RCI FTS - 0.42 BCE CM - 0.34 FTS TRP - 0.29 CM

Risk-Adjusted Indicators

There is a big difference between Telus Stock performing well and Telus Corp 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 Corp'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.