Telus Corp Correlations

T Stock

CAD 18.08 -0.19 -1.04%

The current 90-days correlation between Telus Corp and BCE Inc is 0.42 (i.e., Very weak diversification).Telus Corp's correlation with commodity prices, currency pairs, or macro factors can surface hidden portfolio risks that are not visible in a simple equity-versus-equity analysis.

Market Correlation Profile: Telus Corp

Weak diversification

The correlation between T and DJI is 0.36, which Macroaxis classifies as Weak diversification for the selected horizon. The cleaner interpretation is to review correlation beside volatility, expected return, and the role each holding plays in the portfolio.

Co-movement patterns for Telus Corp are summarized using correlation data. All correlation values are derived from historical return data. Wash sale regulations can limit replacement with substantially identical securities.

Moving together with Telus Stock

0.66	DGS	Dividend Growth Split	Pair Corr
0.71	DF	Dividend 15 Split	Pair Corr
0.64	ESI	Ensign Energy Services	Pair Corr
0.73	SHL	Homeland Nickel Earnings Call This Week	Pair Corr

Moving against Telus Stock

0.68	MKZ-UN	Mackenzie Mstr Un	Pair Corr
0.49	AAV	Advantage Oil Gas	Pair Corr

Related Correlations Analysis

	BCE	RCI-B	RCI-A	QBR-A	QBR-B	CCA	CGO	TGO
BCE		0.6	0.61	0.51	0.5	0.72	0.92	0.84	BCE
RCI-B	0.6		0.92	0.87	0.86	0.7	0.65	0.27	RCI-B
RCI-A	0.61	0.92		0.9	0.88	0.69	0.64	0.32	RCI-A
QBR-A	0.51	0.87	0.9		0.97	0.66	0.54	0.19	QBR-A
QBR-B	0.5	0.86	0.88	0.97		0.63	0.53	0.18	QBR-B
CCA	0.72	0.7	0.69	0.66	0.63		0.89	0.47	CCA
CGO	0.92	0.65	0.64	0.54	0.53	0.89		0.76	CGO
TGO	0.84	0.27	0.32	0.19	0.18	0.47	0.76		TGO
	BCE	RCI-B	RCI-A	QBR-A	QBR-B	CCA	CGO	TGO

Risk-Adjusted Indicators

Strong stock returns do not always mean Telus Corp Company is outperforming its peers on a fundamental level. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Telus Corp'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
BCE	0.83	0.15	0.22	-1.18	0.92	-0.88	2.04	-1.82	4.98
RCI-B	0.97	0.09	0.17	-0.67	1.00	-1.06	2.01	-1.66	7.75
RCI-A	1.12	0.08	0.14	-0.30	1.19	-1.21	2.25	-2.19	6.16
QBR-A	1.31	0.20	0.14	1.07	1.51	-1.50	3.39	-2.87	9.01
QBR-B	1.06	0.23	0.24	7.69	1.08	-1.19	2.74	-2.01	6.45
CCA	0.97	0.21	0.17	0.47	1.31	-1.04	2.07	-1.86	9.51
CGO	1.03	0.30	0.27	0.46	1.00	-1.17	2.17	-1.53	7.31
TGO	3.21	0.45	0.11	0.80	3.30	-4.83	8.22	-6.52	22.69

Be your own money manager

A disciplined portfolio workflow around Telus Corp should test whether the position strengthens diversification, return efficiency, and overall portfolio fit. The practical goal is to remove redundancy, improve diversification, and keep risk aligned with the intended return target.

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