Singapore Telecommunicatio Correlations

SNGNF Stock

USD 2.23 0.00 0.00%

The current 90-days correlation between Singapore Telecommunicatio and KDDI Corp is 0.25 (i.e., Modest diversification). The correlation of Singapore Telecommunicatio 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.

Singapore Telecommunicatio Correlation With Market

Very good diversification

The correlation between Singapore Telecommunications L and DJI is -0.22 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Singapore Telecommunications L and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Singapore Pink Sheet

0.69	NTTYY	Nippon Telegraph	Pair Corr
0.35	DTEGF	Deutsche Telekom	Pair Corr
0.59	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.52	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.41	WMT	Walmart Aggressive Push	Pair Corr
0.39	DIS	Walt Disney	Pair Corr
0.36	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.36	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr

Related Correlations Analysis

	AAFRF	TLSNF	KDDIF	AMXOF	TRKNY	KKPNF	FNCTF	NPPXF	SCMWY	T
AAFRF		-0.66	0.42	0.5	0.43	0.56	0.28	0.35	0.8	-0.65	AAFRF
TLSNF	-0.66		-0.57	-0.45	-0.25	-0.43	-0.65	-0.68	-0.53	0.64	TLSNF
KDDIF	0.42	-0.57		0.39	0.07	0.5	0.48	0.4	0.53	-0.61	KDDIF
AMXOF	0.5	-0.45	0.39		0.13	0.35	0.19	0.36	0.52	-0.61	AMXOF
TRKNY	0.43	-0.25	0.07	0.13		0.0	-0.08	0.06	0.32	0.01	TRKNY
KKPNF	0.56	-0.43	0.5	0.35	0.0		0.29	0.36	0.76	-0.67	KKPNF
FNCTF	0.28	-0.65	0.48	0.19	-0.08	0.29		0.59	0.36	-0.4	FNCTF
NPPXF	0.35	-0.68	0.4	0.36	0.06	0.36	0.59		0.39	-0.5	NPPXF
SCMWY	0.8	-0.53	0.53	0.52	0.32	0.76	0.36	0.39		-0.72	SCMWY
T	-0.65	0.64	-0.61	-0.61	0.01	-0.67	-0.4	-0.5	-0.72		T
	AAFRF	TLSNF	KDDIF	AMXOF	TRKNY	KKPNF	FNCTF	NPPXF	SCMWY	T

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

SCMWY	+ 0.8	AAFRF
SCMWY	+ 0.76	KKPNF
T	+ 0.64	TLSNF
NPPXF	+ 0.59	FNCTF
KKPNF	+ 0.56	AAFRF
SCMWY	+ 0.53	KDDIF

High negative correlations

T	- 0.72	SCMWY
NPPXF	- 0.68	TLSNF
T	- 0.67	KKPNF
TLSNF	- 0.66	AAFRF
FNCTF	- 0.65	TLSNF
T	- 0.65	AAFRF

Risk-Adjusted Indicators

There is a big difference between Singapore Pink Sheet performing well and Singapore Telecommunicatio 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 Singapore Telecommunicatio'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
AAFRF	2.00	(0.23)	0.00	(0.55)	0.00	0.00	5.65	(5.69)	26.31
TLSNF	0.66	0.29	0.00	(3.47)	0.00	0.00	0.00	0.00	25.04
KDDIF	1.32	(0.03)	0.00	0.20	0.00	0.00	3.86	(6.34)	20.31
AMXOF	6.91	0.15	0.00	(0.63)	8.32	(9.65)	20.51	(16.87)	43.19
TRKNY	0.69	0.08	0.00	(1.31)	0.00	0.00	2.23	(0.38)	26.84
KKPNF	1.65	(0.05)	0.00	0.25	0.00	0.00	4.20	(3.62)	9.26
FNCTF	1.90	(0.03)	0.00	0.64	0.00	0.00	6.94	(6.41)	26.22
NPPXF	3.27	0.00	(0.02)	0.08	4.14	(4.00)	7.37	(5.61)	27.78
SCMWY	0.83	(0.13)	0.00	4.31	0.00	0.00	1.50	(1.73)	6.22
T	1.00	0.29	0.16	(7.31)	0.90	(1.16)	2.65	(1.86)	6.59

Be your own money manager

Our tools can tell you how much better you can do entering a position in Singapore Telecommunicatio 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.

Did you try this?

Run Bond Analysis Now

Bond Analysis

Evaluate and analyze corporate bonds as a potential investment for your portfolios.

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC