Orange SA Correlations

ORAN Stock

USD 10.66 0.02 0.19%

The current 90-days correlation between Orange SA ADR and Telefonica Brasil SA is 0.3 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Orange SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Orange SA ADR moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Orange SA Correlation With Market

Good diversification

The correlation between Orange SA ADR and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Orange SA ADR and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Orange SA ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Orange Stock

0.85	TU	Telus Corp	Pair Corr
0.84	BCE	BCE Inc	Pair Corr
0.77	CHT	Chunghwa Telecom	Pair Corr
0.74	PHI	PLDT Inc ADR	Pair Corr
0.91	RCI	Rogers Communications	Pair Corr
0.8	SKM	SK Telecom	Pair Corr
0.68	TEF	Telefonica SA ADR	Pair Corr
0.92	TLK	Telkom Indonesia Tbk	Pair Corr
0.75	VIV	Telefonica Brasil Downward Rally	Pair Corr
0.92	VOD	Vodafone Group PLC	Pair Corr
0.67	KORE	KORE Group Holdings	Pair Corr
0.82	ATEX	Anterix	Pair Corr
0.76	SHEN	Shenandoah Telecommunicatio	Pair Corr
0.85	TIMB	TIM Participacoes Downward Rally	Pair Corr

Moving against Orange Stock

0.86	IDT	IDT Corporation Earnings Call This Week	Pair Corr
0.8	TDS	Telephone and Data	Pair Corr
0.76	VEON	VEON	Pair Corr
0.76	USM	United States Cellular	Pair Corr
0.7	TEO	Telecom Argentina	Pair Corr
0.69	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.63	LUMN	Lumen Technologies	Pair Corr
0.6	GSAT	Globalstar	Pair Corr
0.4	IRDM	Iridium Communications	Pair Corr
0.38	KT	KT Corporation	Pair Corr
0.89	TMUS	T Mobile Fiscal Year End 23rd of January 2025	Pair Corr
0.8	CCOI	Cogent Communications	Pair Corr
0.79	OOMA	Ooma Inc Earnings Call This Week	Pair Corr
0.72	EA	Electronic Arts	Pair Corr
0.63	DJCO	Daily Journal Corp	Pair Corr
0.57	Z	Zillow Group Class	Pair Corr
0.57	ZG	Zillow Group	Pair Corr
0.54	LBTYA	Liberty Global PLC	Pair Corr
0.54	CNSL	Consolidated Communications	Pair Corr
0.5	WB	Weibo Corp	Pair Corr

Related Correlations Analysis

	VIV	VOD	TV	AMX	TEF	SKM	KT	LBRDA	PHI	TIMB
VIV		0.83	0.22	0.69	0.81	0.58	-0.54	-0.57	0.85	0.95	VIV
VOD	0.83		-0.06	0.74	0.83	0.76	-0.38	-0.78	0.88	0.88	VOD
TV	0.22	-0.06		0.13	0.33	-0.26	-0.12	0.48	0.22	0.04	TV
AMX	0.69	0.74	0.13		0.67	0.38	-0.47	-0.53	0.78	0.67	AMX
TEF	0.81	0.83	0.33	0.67		0.6	-0.28	-0.5	0.83	0.76	TEF
SKM	0.58	0.76	-0.26	0.38	0.6		0.1	-0.69	0.53	0.67	SKM
KT	-0.54	-0.38	-0.12	-0.47	-0.28	0.1		0.4	-0.59	-0.56	KT
LBRDA	-0.57	-0.78	0.48	-0.53	-0.5	-0.69	0.4		-0.67	-0.74	LBRDA
PHI	0.85	0.88	0.22	0.78	0.83	0.53	-0.59	-0.67		0.89	PHI
TIMB	0.95	0.88	0.04	0.67	0.76	0.67	-0.56	-0.74	0.89		TIMB
	VIV	VOD	TV	AMX	TEF	SKM	KT	LBRDA	PHI	TIMB

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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

TIMB	+ 0.95	VIV
TIMB	+ 0.89	PHI
PHI	+ 0.88	VOD
TIMB	+ 0.88	VOD
PHI	+ 0.85	VIV
VOD	+ 0.83	VIV

High negative correlations

LBRDA	- 0.78	VOD
TIMB	- 0.74	LBRDA
LBRDA	- 0.69	SKM
PHI	- 0.67	LBRDA
PHI	- 0.59	KT
LBRDA	- 0.57	VIV

Risk-Adjusted Indicators

There is a big difference between Orange Stock performing well and Orange SA 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 Orange SA'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
VIV	1.26	(0.20)	0.00	(2.30)	0.00	0.00	2.33	(3.11)	6.67
VOD	1.04	(0.14)	0.00	(0.23)	0.00	0.00	2.06	(2.12)	11.18
TV	2.88	(0.10)	(0.01)	0.05	4.18	(2.71)	5.38	(6.56)	20.33
AMX	1.15	(0.23)	0.00	(0.25)	0.00	0.00	2.26	(2.88)	7.18
TEF	0.82	0.03	0.00	0.05	0.00	0.00	2.12	(1.77)	6.16
SKM	0.91	0.08	(0.05)	(1.24)	1.10	(0.99)	2.11	(1.65)	5.40
KT	1.30	0.31	0.12	1.05	1.42	(1.52)	4.23	(2.02)	11.99
LBRDA	2.16	0.35	0.22	0.39	1.51	(2.84)	4.70	(3.19)	33.07
PHI	1.08	(0.33)	0.00	(0.94)	0.00	0.00	1.83	(2.63)	6.56
TIMB	1.27	(0.36)	0.00	(1.62)	0.00	0.00	2.28	(2.84)	8.18

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