Telefnica Correlations

TLNC34 Stock

BRL 24.70 0.11 0.44%

The current 90-days correlation between Telefnica SA and Take Two Interactive Software is -0.08 (i.e., Good diversification). The correlation of Telefnica 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.

The ability to find closely correlated positions to Telefnica could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Telefnica 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 Telefnica - 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 Telefnica SA to buy it.

Moving together with Telefnica Stock

0.73	T1MU34	T Mobile	Pair Corr
0.78	V1OD34	Vodafone Group Public	Pair Corr
0.84	ATTB34	ATT Inc	Pair Corr
0.82	AAPL34	Apple Inc	Pair Corr

Moving against Telefnica Stock

0.76	VIVT3	Telefnica Brasil	Pair Corr
0.71	C1AB34	Cable One	Pair Corr
0.71	TMCO34	Toyota Motor	Pair Corr
0.67	TIMS3	TIM SA	Pair Corr
0.64	HOND34	Honda Motor	Pair Corr

Related Correlations Analysis

	T1TW34	CAON34	M2RV34	H1DB34	ROST34	DEAI34	I1RM34
T1TW34		0.26	0.25	0.23	0.38	0.52	0.69	T1TW34
CAON34	0.26		0.21	0.7	-0.51	0.58	-0.01	CAON34
M2RV34	0.25	0.21		-0.13	0.12	0.12	0.44	M2RV34
H1DB34	0.23	0.7	-0.13		-0.5	0.52	-0.13	H1DB34
ROST34	0.38	-0.51	0.12	-0.5		-0.43	0.38	ROST34
DEAI34	0.52	0.58	0.12	0.52	-0.43		0.37	DEAI34
I1RM34	0.69	-0.01	0.44	-0.13	0.38	0.37		I1RM34
	T1TW34	CAON34	M2RV34	H1DB34	ROST34	DEAI34	I1RM34

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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

H1DB34	+ 0.7	CAON34
I1RM34	+ 0.69	T1TW34
DEAI34	+ 0.58	CAON34
DEAI34	+ 0.52	T1TW34
DEAI34	+ 0.52	H1DB34
I1RM34	+ 0.44	M2RV34

High negative correlations

ROST34	- 0.51	CAON34
ROST34	- 0.5	H1DB34
DEAI34	- 0.43	ROST34
I1RM34	- 0.13	H1DB34
H1DB34	- 0.13	M2RV34
I1RM34	- 0.01	CAON34

Risk-Adjusted Indicators

There is a big difference between Telefnica Stock performing well and Telefnica 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 Telefnica'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
T1TW34	1.20	0.32	0.19	4.17	1.35	(1.37)	2.57	(1.86)	8.22
CAON34	0.35	0.07	0.00	(0.21)	0.00	0.00	0.00	(0.06)	14.41
M2RV34	2.18	(0.06)	0.00	0.09	0.00	0.00	5.03	(5.12)	18.44
H1DB34	0.80	0.14	0.11	0.65	0.74	(1.29)	2.19	(1.64)	6.35
ROST34	1.05	0.05	0.03	0.10	1.36	(1.12)	2.03	(2.36)	11.48
DEAI34	1.37	0.39	0.23	1.33	1.12	(1.48)	3.46	(2.59)	7.46
I1RM34	0.51	0.18	0.15	1.66	0.00	(2.26)	1.18	(0.56)	7.01

Be your own money manager

Our tools can tell you how much better you can do entering a position in Telefnica 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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Telefnica Corporate Management

Elected by the shareholders, the Telefnica's board of directors comprises two types of representatives: Telefnica inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Telefnica. The board's role is to monitor Telefnica's management team and ensure that shareholders' interests are well served. Telefnica'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, Telefnica's outside directors are responsible for providing unbiased perspectives on the board's policies.

Juan Arrechea	Gen Audit	Profile
Laura Baquedano	Chief Hispanoamerica	Profile
Pablo Gonzlez	Gen Counsel	Profile
Marta Machicot	Chief Officer	Profile
Pablo Vidarte	Head Relations	Profile

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