T Mobile Correlations

TM5 Stock

EUR 158.94 3.96 2.43%

The current 90-days correlation between T Mobile and SIVERS SEMICONDUCTORS AB is -0.07 (i.e., Good 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.

T Mobile Correlation With Market

Good diversification

The correlation between T Mobile and NYA is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding T Mobile and NYA in the same portfolio, assuming nothing else is changed.

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

Moving together with TM5 Stock

0.84	CTM	China Mobile Limited	Pair Corr
0.81	SOBA	ATT Inc	Pair Corr
0.81	SOBA	ATT Inc	Pair Corr
0.69	DTEA	Deutsche Telekom	Pair Corr
0.77	DTE	Deutsche Telekom	Pair Corr
0.76	DTE	Deutsche Telekom	Pair Corr
0.65	MIZ	Mizuno	Pair Corr
0.76	YHA	Yamaha Earnings Call This Week	Pair Corr

Moving against TM5 Stock

0.71	HCMA	HITACHI STRMACHADR2	Pair Corr
0.7	NLV	Nippon Telegraph Earnings Call This Week	Pair Corr
0.67	NTT	Nippon Telegraph Earnings Call This Week	Pair Corr
0.34	5F3	JINS HOLDINGS INC	Pair Corr

Related Correlations Analysis

	2DG	RS6	B7X1	MEL	HEI	ITB	N4Q1	P5IB	8J4
2DG		0.45	-0.18	-0.24	0.02	-0.52	0.4	-0.02	0.23	2DG
RS6	0.45		-0.5	-0.64	-0.22	-0.82	-0.09	0.05	0.23	RS6
B7X1	-0.18	-0.5		0.65	0.44	0.63	0.49	0.03	-0.02	B7X1
MEL	-0.24	-0.64	0.65		0.7	0.85	0.34	0.03	-0.33	MEL
HEI	0.02	-0.22	0.44	0.7		0.49	0.32	0.03	-0.55	HEI
ITB	-0.52	-0.82	0.63	0.85	0.49		0.16	-0.05	-0.25	ITB
N4Q1	0.4	-0.09	0.49	0.34	0.32	0.16		-0.07	0.1	N4Q1
P5IB	-0.02	0.05	0.03	0.03	0.03	-0.05	-0.07		-0.11	P5IB
8J4	0.23	0.23	-0.02	-0.33	-0.55	-0.25	0.1	-0.11		8J4
	2DG	RS6	B7X1	MEL	HEI	ITB	N4Q1	P5IB	8J4

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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

ITB	+ 0.85	MEL
HEI	+ 0.7	MEL
MEL	+ 0.65	B7X1
ITB	+ 0.63	B7X1
N4Q1	+ 0.49	B7X1
ITB	+ 0.49	HEI

High negative correlations

ITB	- 0.82	RS6
MEL	- 0.64	RS6
8J4	- 0.55	HEI
ITB	- 0.52	2DG
B7X1	- 0.5	RS6
8J4	- 0.33	MEL

Risk-Adjusted Indicators

There is a big difference between TM5 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
2DG	4.60	0.48	0.07	(0.77)	5.52	(6.81)	13.04	(7.55)	47.58
RS6	1.05	(0.15)	0.00	0.84	0.00	0.00	2.01	(2.58)	12.72
B7X1	17.67	6.63	0.49	(0.30)	9.48	(25.45)	36.36	(21.43)	408.60
MEL	1.30	0.27	0.16	0.81	1.42	(1.36)	3.14	(2.43)	7.10
HEI	1.08	0.14	0.12	(0.67)	1.15	(1.20)	2.68	(2.05)	6.92
ITB	0.82	0.20	0.22	0.80	0.70	(0.91)	1.75	(1.54)	5.97
N4Q1	1.25	0.13	0.07	1.32	1.44	(1.79)	2.78	(3.48)	8.07
P5IB	7.91	1.26	0.08	(0.49)	10.88	(15.82)	10.53	(5.26)	145.87
8J4	8.82	0.36	0.03	(0.14)	9.77	(24.67)	40.00	(23.94)	87.34

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Our tools can tell you how much better you can do entering a position in T Mobile 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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