Vodafone Group Correlations

VOD Stock

USD 10.20 0.16 1.59%

The current 90-days correlation between Vodafone Group PLC and Merck Company is 0.39 (i.e., Weak diversification). The correlation of Vodafone Group 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.

Vodafone Group Correlation With Market

Weak diversification

The correlation between Vodafone Group PLC and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vodafone Group PLC and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Vodafone Stock

0.77	TU	Telus Corp Sell-off Trend	Pair Corr
0.64	AMX	America Movil SAB	Pair Corr
0.82	TLK	Telkom Indonesia Tbk	Pair Corr
0.76	RPID	Rapid Micro Biosystems	Pair Corr
0.71	TIMB	TIM Participacoes	Pair Corr
0.63	DJCO	Daily Journal Corp	Pair Corr
0.66	EB	Eventbrite Class A	Pair Corr
0.72	KT	KT Corporation	Pair Corr
0.78	SE	Sea	Pair Corr
0.66	SY	So Young International	Pair Corr
0.75	TV	Grupo Televisa SAB	Pair Corr
0.8	WB	Weibo Corp	Pair Corr
0.61	YQ	17 Education Technology	Pair Corr

Moving against Vodafone Stock

0.5	TMUS	T Mobile	Pair Corr
0.49	ATEX	Anterix	Pair Corr
0.42	USM	United States Cellular	Pair Corr
0.33	LBTYK	Liberty Global PLC	Pair Corr
0.31	LBTYA	Liberty Global PLC	Pair Corr
0.67	FLNT	Fluent Inc	Pair Corr
0.57	WIMI	WiMi Hologram Cloud	Pair Corr
0.48	GDEVW	Nexters Warrant	Pair Corr
0.34	ANGHW	Anghami Warrants	Pair Corr

Related Correlations Analysis

	T	LBHIX	FGBI	ENSG	GFF	MRK	TPB	DFMTF	SGPYY	AA
T		0.61	0.05	0.51	0.08	-0.13	0.57	0.41	0.64	0.05	T
LBHIX	0.61		0.06	0.87	0.23	-0.15	0.85	0.53	0.86	0.41	LBHIX
FGBI	0.05	0.06		-0.04	-0.27	-0.5	0.19	-0.02	0.35	-0.47	FGBI
ENSG	0.51	0.87	-0.04		0.13	-0.44	0.91	0.47	0.76	0.2	ENSG
GFF	0.08	0.23	-0.27	0.13		0.33	0.02	0.02	0.02	0.62	GFF
MRK	-0.13	-0.15	-0.5	-0.44	0.33		-0.52	-0.04	-0.38	0.63	MRK
TPB	0.57	0.85	0.19	0.91	0.02	-0.52		0.43	0.85	0.06	TPB
DFMTF	0.41	0.53	-0.02	0.47	0.02	-0.04	0.43		0.53	0.11	DFMTF
SGPYY	0.64	0.86	0.35	0.76	0.02	-0.38	0.85	0.53		0.03	SGPYY
AA	0.05	0.41	-0.47	0.2	0.62	0.63	0.06	0.11	0.03		AA
	T	LBHIX	FGBI	ENSG	GFF	MRK	TPB	DFMTF	SGPYY	AA

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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

TPB	+ 0.91	ENSG
ENSG	+ 0.87	LBHIX
SGPYY	+ 0.86	LBHIX
TPB	+ 0.85	LBHIX
SGPYY	+ 0.85	TPB
SGPYY	+ 0.76	ENSG

High negative correlations

TPB	- 0.52	MRK
MRK	- 0.5	FGBI
AA	- 0.47	FGBI
MRK	- 0.44	ENSG
SGPYY	- 0.38	MRK
GFF	- 0.27	FGBI

Risk-Adjusted Indicators

There is a big difference between Vodafone Stock performing well and Vodafone Group 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 Vodafone Group'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
T	1.14	0.08	0.03	0.29	1.79	(1.14)	2.01	(2.62)	8.83
LBHIX	0.24	0.02	0.00	0.19	0.28	(0.35)	0.72	(0.49)	1.94
FGBI	2.79	0.31	0.09	0.60	2.88	(3.37)	6.75	(5.42)	29.85
ENSG	1.17	0.24	0.12	0.41	1.64	(1.23)	2.53	(2.07)	10.77
GFF	1.85	(0.04)	(0.01)	0.00	2.32	(2.04)	4.44	(3.65)	15.07
MRK	1.62	(0.26)	0.00	(0.35)	0.00	0.00	2.55	(4.72)	10.58
TPB	1.76	0.42	0.17	0.66	1.99	(1.96)	2.51	(3.45)	31.44
DFMTF	4.46	0.39	0.04	(1.33)	4.87	(8.57)	10.00	(9.09)	47.14
SGPYY	1.21	0.17	0.06	(94.84)	2.06	(1.23)	2.64	(2.95)	10.48
AA	2.64	(0.28)	0.00	(0.12)	0.00	0.00	5.39	(8.15)	22.73

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