Millicom International Correlations

TIGO Stock

USD 50.81 0.24 0.47%

The current 90-days correlation between Millicom International and KT Corporation is 0.01 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Millicom International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Millicom International Cellular moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Millicom International Correlation With Market

Significant diversification

The correlation between Millicom International Cellula and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Millicom International Cellula and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Millicom Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Millicom International Cellular. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with Millicom Stock

0.74	AMX	America Movil SAB	Pair Corr
0.61	RCI	Rogers Communications	Pair Corr
0.69	TIMB	TIM Participacoes	Pair Corr
0.7	GLW	Corning Incorporated	Pair Corr
0.71	SD	SandRidge Energy	Pair Corr
0.66	INVX	Innovex International,	Pair Corr
0.72	IVZ	Invesco Plc Normal Trading	Pair Corr
0.64	BHR-PD	Braemar Hotels Resorts	Pair Corr
0.72	FET	Forum Energy Technologies Earnings Call This Week	Pair Corr

Moving against Millicom Stock

0.61	SKM	SK Telecom	Pair Corr
0.61	TMUS	T Mobile	Pair Corr
0.57	AD	Array Digital Infras Symbol Change	Pair Corr
0.6	MPXOF	MPX International Corp	Pair Corr

Related Correlations Analysis

	KT	TLK	SKM	PHI	VIV	TIMB	LBRDK	LBRDA	CCOI	CHTR
KT		-0.06	0.85	0.65	0.01	-0.72	0.67	0.67	0.02	0.69	KT
TLK	-0.06		-0.34	0.44	0.62	0.39	-0.63	-0.63	-0.61	-0.61	TLK
SKM	0.85	-0.34		0.42	-0.14	-0.77	0.83	0.83	0.17	0.84	SKM
PHI	0.65	0.44	0.42		0.13	-0.46	0.14	0.13	-0.36	0.16	PHI
VIV	0.01	0.62	-0.14	0.13		0.55	-0.3	-0.3	-0.47	-0.3	VIV
TIMB	-0.72	0.39	-0.77	-0.46	0.55		-0.71	-0.7	-0.13	-0.72	TIMB
LBRDK	0.67	-0.63	0.83	0.14	-0.3	-0.71		1.0	0.48	1.0	LBRDK
LBRDA	0.67	-0.63	0.83	0.13	-0.3	-0.7	1.0		0.48	1.0	LBRDA
CCOI	0.02	-0.61	0.17	-0.36	-0.47	-0.13	0.48	0.48		0.47	CCOI
CHTR	0.69	-0.61	0.84	0.16	-0.3	-0.72	1.0	1.0	0.47		CHTR
	KT	TLK	SKM	PHI	VIV	TIMB	LBRDK	LBRDA	CCOI	CHTR

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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

LBRDA	+ 1.0	LBRDK
CHTR	+ 1.0	LBRDK
CHTR	+ 1.0	LBRDA
SKM	+ 0.85	KT
CHTR	+ 0.84	SKM
LBRDK	+ 0.83	SKM

High negative correlations

TIMB	- 0.77	SKM
CHTR	- 0.72	TIMB
TIMB	- 0.72	KT
LBRDK	- 0.71	TIMB
LBRDA	- 0.7	TIMB
LBRDA	- 0.63	TLK

Risk-Adjusted Indicators

There is a big difference between Millicom Stock performing well and Millicom International 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 Millicom International'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
KT	1.11	(0.21)	0.00	(0.50)	0.00	0.00	1.62	(2.37)	6.54
TLK	1.46	0.07	0.02	0.22	1.38	(1.66)	3.90	(2.35)	10.56
SKM	0.72	(0.17)	0.00	(1.00)	0.00	0.00	1.12	(1.50)	5.74
PHI	1.11	(0.19)	0.00	(0.12)	0.00	0.00	1.84	(2.30)	8.48
VIV	1.09	0.04	0.01	0.16	1.42	(1.17)	2.10	(1.76)	7.82
TIMB	1.19	0.10	0.06	0.22	1.35	(1.21)	2.32	(2.06)	6.27
LBRDK	1.44	(0.45)	0.00	(0.22)	0.00	0.00	2.88	(3.62)	8.54
LBRDA	1.45	(0.45)	0.00	(0.21)	0.00	0.00	2.82	(3.68)	8.47
CCOI	2.91	(0.93)	0.00	(0.41)	0.00	0.00	3.69	(6.47)	44.47
CHTR	1.43	(0.46)	0.00	(0.24)	0.00	0.00	2.73	(3.49)	8.84

Millicom International Corporate Management

Vivian Kobeh	Co Director	Profile
Salvador JD	Executive Officer	Profile
Bruno Nieuwland	Chief Officer	Profile
Bart Vanhaeren	Chief Officer	Profile
Patrick Gill	Company Secretary	Profile

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