ATT Correlations

T Stock

USD 19.01 0.18 0.94%

The current 90-days correlation between ATT Inc and PLDT Inc ADR is 0.19 (i.e., Average diversification). The correlation of ATT 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.

ATT Correlation With Market

Significant diversification

The correlation between ATT Inc and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ATT Inc and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with ATT Stock

0.81	VZ	Verizon Communications Fiscal Year End 28th of January 2025	Pair Corr
0.68	VOD	Vodafone Group PLC	Pair Corr
0.82	LBTYA	Liberty Global PLC	Pair Corr
0.77	ATEX	Anterix	Pair Corr
0.63	SHEN	Shenandoah Telecommunicatio	Pair Corr
0.87	TMUS	T Mobile Fiscal Year End 23rd of January 2025	Pair Corr
0.71	Z	Zillow Group Class Earnings Call This Week	Pair Corr
0.76	DJCO	Daily Journal Corp Tech Boost	Pair Corr
0.91	EA	Electronic Arts Earnings Call This Week	Pair Corr
0.62	KT	KT Corporation	Pair Corr
0.78	OB	Outbrain	Pair Corr
0.69	ZG	Zillow Group	Pair Corr

Moving against ATT Stock

0.9	RPID	Rapid Micro Biosystems	Pair Corr
0.87	FNGR	FingerMotion	Pair Corr
0.87	IQ	iQIYI Inc	Pair Corr
0.84	SY	So Young International	Pair Corr
0.76	IRDM	Iridium Communications	Pair Corr
0.75	IHS	IHS Holding	Pair Corr
0.75	TIMB	TIM Participacoes Earnings Call This Week	Pair Corr
0.65	BZ	Kanzhun Ltd ADR Sell-off Trend	Pair Corr
0.48	EB	Eventbrite Class A Earnings Call This Week	Pair Corr
0.35	IDT	IDT Corporation	Pair Corr
0.88	DLPN	Dolphin Entertainment	Pair Corr
0.8	ANGHW	Anghami Warrants	Pair Corr
0.78	GDEVW	Nexters Warrant	Pair Corr
0.76	YQ	17 Education Technology	Pair Corr
0.76	ZI	ZoomInfo Technologies Earnings Call This Week	Pair Corr
0.75	ZH	Zhihu Inc ADR	Pair Corr
0.74	TV	Grupo Televisa SAB	Pair Corr
0.74	VSME	VS Media Holdings	Pair Corr

Related Correlations Analysis

	LBRDK	CABO	LBRDP	LBTYA	SKM	TIMB	PHI	LBRDA	KT
LBRDK		-0.18	0.21	0.75	0.68	-0.33	0.71	0.99	0.61	LBRDK
CABO	-0.18		-0.33	-0.44	-0.14	0.65	-0.24	-0.1	-0.33	CABO
LBRDP	0.21	-0.33		0.5	0.08	-0.69	0.23	0.18	0.55	LBRDP
LBTYA	0.75	-0.44	0.5		0.51	-0.53	0.72	0.7	0.57	LBTYA
SKM	0.68	-0.14	0.08	0.51		-0.12	0.65	0.69	0.71	SKM
TIMB	-0.33	0.65	-0.69	-0.53	-0.12		-0.2	-0.27	-0.57	TIMB
PHI	0.71	-0.24	0.23	0.72	0.65	-0.2		0.7	0.52	PHI
LBRDA	0.99	-0.1	0.18	0.7	0.69	-0.27	0.7		0.6	LBRDA
KT	0.61	-0.33	0.55	0.57	0.71	-0.57	0.52	0.6		KT
	LBRDK	CABO	LBRDP	LBTYA	SKM	TIMB	PHI	LBRDA	KT

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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

LBRDA	+ 0.99	LBRDK
LBTYA	+ 0.75	LBRDK
PHI	+ 0.72	LBTYA
PHI	+ 0.71	LBRDK
KT	+ 0.71	SKM
LBRDA	+ 0.7	LBTYA

High negative correlations

TIMB	- 0.69	LBRDP
KT	- 0.57	TIMB
TIMB	- 0.53	LBTYA
LBTYA	- 0.44	CABO
KT	- 0.33	CABO
LBRDP	- 0.33	CABO

Risk-Adjusted Indicators

There is a big difference between ATT Stock performing well and ATT 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 ATT'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
LBRDK	1.65	0.30	0.21	0.26	1.26	(2.16)	3.11	(2.75)	6.66
CABO	2.32	(0.13)	(0.02)	0.00	2.74	(2.33)	5.40	(4.09)	11.71
LBRDP	0.69	0.01	(0.02)	0.09	1.01	(0.71)	1.54	(1.31)	9.46
LBTYA	1.34	0.14	0.10	0.18	1.46	(1.51)	3.22	(2.60)	6.53
SKM	0.76	0.08	0.03	0.30	0.74	(0.84)	1.60	(1.28)	4.62
TIMB	1.40	(0.26)	0.00	(0.46)	0.00	0.00	2.35	(2.98)	9.49
PHI	1.14	0.08	0.04	0.21	1.18	(1.27)	2.26	(2.01)	8.39
LBRDA	1.62	0.26	0.20	0.24	1.33	(2.10)	2.76	(2.72)	6.76
KT	0.81	0.12	0.08	0.31	0.80	(0.91)	1.75	(1.47)	3.91

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