Telecomunicaes Brasileiras Correlations

TELB3 Stock

BRL 12.40 0.01 0.08%

The current 90-days correlation between Telecomunicaes Brasileiras and Plano Plano Desenvolvimento is -0.03 (i.e., Good diversification). The correlation of Telecomunicaes Brasileiras 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.

Telecomunicaes Brasileiras Correlation With Market

Significant diversification

The correlation between Telecomunicaes Brasileiras SA and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Telecomunicaes Brasileiras SA and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Telecomunicaes Stock

0.7	VIVT3	Telefnica Brasil	Pair Corr
0.68	TIMS3	TIM SA	Pair Corr
0.81	OIBR3	Oi SA	Pair Corr
0.84	HOND34	Honda Motor	Pair Corr

Moving against Telecomunicaes Stock

0.81	C1AB34	Cable One	Pair Corr
0.77	M1UF34	Mitsubishi UFJ Financial	Pair Corr
0.77	JPMC34	JPMorgan Chase	Pair Corr
0.76	NMRH34	Nomura Holdings	Pair Corr
0.73	S1MF34	Sumitomo Mitsui Financial	Pair Corr
0.72	H1DB34	HDFC Bank Limited	Pair Corr
0.71	T1MU34	T Mobile	Pair Corr
0.71	ATTB34	ATT Inc	Pair Corr
0.54	TMCO34	Toyota Motor	Pair Corr
0.54	SNEC34	Sony Group Split	Pair Corr
0.49	TSMC34	Taiwan Semiconductor	Pair Corr
0.41	VERZ34	Verizon Communications	Pair Corr

Related Correlations Analysis

	T1MU34	VERZ34	V1OD34	VTLT11	LSAG11	FRAS3	W1DC34	BTLG11	PLPL3	HBTS5
T1MU34		0.62	-0.13	-0.6	-0.78	0.02	0.47	-0.67	-0.33	-0.75	T1MU34
VERZ34	0.62		0.19	-0.46	-0.4	-0.22	0.3	-0.42	-0.44	-0.44	VERZ34
V1OD34	-0.13	0.19		0.01	0.24	0.02	0.0	0.14	-0.01	0.19	V1OD34
VTLT11	-0.6	-0.46	0.01		0.83	-0.02	-0.86	0.84	0.74	0.52	VTLT11
LSAG11	-0.78	-0.4	0.24	0.83		-0.04	-0.69	0.85	0.63	0.63	LSAG11
FRAS3	0.02	-0.22	0.02	-0.02	-0.04		-0.01	-0.2	0.44	-0.31	FRAS3
W1DC34	0.47	0.3	0.0	-0.86	-0.69	-0.01		-0.8	-0.67	-0.37	W1DC34
BTLG11	-0.67	-0.42	0.14	0.84	0.85	-0.2	-0.8		0.61	0.64	BTLG11
PLPL3	-0.33	-0.44	-0.01	0.74	0.63	0.44	-0.67	0.61		0.12	PLPL3
HBTS5	-0.75	-0.44	0.19	0.52	0.63	-0.31	-0.37	0.64	0.12		HBTS5
	T1MU34	VERZ34	V1OD34	VTLT11	LSAG11	FRAS3	W1DC34	BTLG11	PLPL3	HBTS5

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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

BTLG11	+ 0.85	LSAG11
BTLG11	+ 0.84	VTLT11
LSAG11	+ 0.83	VTLT11
PLPL3	+ 0.74	VTLT11
HBTS5	+ 0.64	BTLG11
PLPL3	+ 0.63	LSAG11

High negative correlations

W1DC34	- 0.86	VTLT11
BTLG11	- 0.8	W1DC34
LSAG11	- 0.78	T1MU34
HBTS5	- 0.75	T1MU34
W1DC34	- 0.69	LSAG11
PLPL3	- 0.67	W1DC34

Risk-Adjusted Indicators

There is a big difference between Telecomunicaes Stock performing well and Telecomunicaes Brasileiras 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 Telecomunicaes Brasileiras' 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
T1MU34	1.09	0.29	0.12	6.09	1.58	(1.08)	2.30	(3.21)	9.58
VERZ34	1.19	0.00	0.01	0.00	1.68	(1.20)	2.49	(3.11)	7.22
V1OD34	1.34	(0.08)	0.00	0.42	0.00	0.00	3.02	(2.75)	9.24
VTLT11	0.82	(0.16)	0.00	(1.11)	0.00	0.00	1.44	(1.44)	10.69
LSAG11	1.12	(0.26)	0.00	(0.72)	0.00	0.00	2.21	(2.59)	7.72
FRAS3	1.07	0.00	(0.01)	0.02	1.50	(1.09)	2.37	(2.87)	6.85
W1DC34	0.83	0.21	0.00	(5.39)	0.00	0.00	0.00	(0.70)	24.16
BTLG11	0.77	(0.17)	0.00	(1.52)	0.00	0.00	1.20	(2.15)	8.00
PLPL3	1.96	(0.42)	0.00	(0.58)	0.00	0.00	3.24	(4.22)	13.45
HBTS5	1.85	(0.38)	0.00	3.27	0.00	0.00	6.83	(6.25)	20.48

Be your own money manager

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

Elected by the shareholders, the Telecomunicaes Brasileiras' board of directors comprises two types of representatives: Telecomunicaes Brasileiras inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Telecomunicaes. The board's role is to monitor Telecomunicaes Brasileiras' management team and ensure that shareholders' interests are well served. Telecomunicaes Brasileiras' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Telecomunicaes Brasileiras' outside directors are responsible for providing unbiased perspectives on the board's policies.

Marcos Bafutto	Commercial Board	Profile
Emilio Acocella	Technical Director	Profile
Luis Assumpcao	TechnicalOperational Board	Profile
Jose Meirelles	Director Board	Profile

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