TIM Participacoes Correlations

TIMB Stock

USD 23.43 0.39 1.69%

The current 90-days correlation between TIM Participacoes and KT Corporation is 0.3 (i.e., Weak diversification). The correlation of TIM Participacoes 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.

TIM Participacoes Correlation With Market

Weak diversification

The correlation between TIM Participacoes SA and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TIM Participacoes SA and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with TIM Stock

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

Moving together with TIM Stock

0.91	AMX	America Movil SAB	Pair Corr
0.77	RCI	Rogers Communications Sell-off Trend	Pair Corr
0.71	TIGO	Millicom International	Pair Corr
0.73	SIGL	Signal Advance	Pair Corr
0.76	GLW	Corning Incorporated Sell-off Trend	Pair Corr
0.66	SD	SandRidge Energy	Pair Corr
0.64	ATCD	Altair Corp	Pair Corr
0.71	TSLA	Tesla Inc	Pair Corr
0.92	INVX	Innovex International,	Pair Corr
0.8	XYL	Xylem Inc	Pair Corr
0.85	LSRCY	Lasertec	Pair Corr
0.76	IVZ	Invesco Plc	Pair Corr
0.67	BHR-PD	Braemar Hotels Resorts	Pair Corr
0.87	MAG	MAG Silver Corp	Pair Corr
0.83	FET	Forum Energy Technologies Earnings Call Tomorrow	Pair Corr

Moving against TIM Stock

0.85	TMUS	T Mobile	Pair Corr
0.78	SKM	SK Telecom	Pair Corr
0.66	AD	Array Digital Infras Symbol Change	Pair Corr
0.56	002148	Beijing Bewinner Com	Pair Corr
0.38	NIHK	Video River Networks	Pair Corr
0.46	MPXOF	MPX International Corp	Pair Corr
0.37	TCI	Transcontinental Realty	Pair Corr

Related Correlations Analysis

	KT	LBRDA	SKM	FYBR	TIGO	PSO	IPG	LUMN
KT		0.7	0.86	-0.87	-0.73	0.56	0.32	-0.82	KT
LBRDA	0.7		0.84	-0.78	-0.58	0.6	0.65	-0.76	LBRDA
SKM	0.86	0.84		-0.81	-0.62	0.56	0.44	-0.89	SKM
FYBR	-0.87	-0.78	-0.81		0.63	-0.61	-0.4	0.87	FYBR
TIGO	-0.73	-0.58	-0.62	0.63		-0.45	-0.18	0.55	TIGO
PSO	0.56	0.6	0.56	-0.61	-0.45		0.66	-0.5	PSO
IPG	0.32	0.65	0.44	-0.4	-0.18	0.66		-0.43	IPG
LUMN	-0.82	-0.76	-0.89	0.87	0.55	-0.5	-0.43		LUMN
	KT	LBRDA	SKM	FYBR	TIGO	PSO	IPG	LUMN

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

LUMN	+ 0.87	FYBR
SKM	+ 0.86	KT
SKM	+ 0.84	LBRDA
LBRDA	+ 0.7	KT
IPG	+ 0.66	PSO
IPG	+ 0.65	LBRDA

High negative correlations

LUMN	- 0.89	SKM
FYBR	- 0.87	KT
LUMN	- 0.82	KT
FYBR	- 0.81	SKM
FYBR	- 0.78	LBRDA
LUMN	- 0.76	LBRDA

Risk-Adjusted Indicators

There is a big difference between TIM Stock performing well and TIM Participacoes 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 TIM Participacoes' 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	1.07	(0.22)	0.00	(0.93)	0.00	0.00	1.57	(2.37)	6.54
LBRDA	1.45	(0.46)	0.00	(0.27)	0.00	0.00	2.82	(3.83)	8.47
SKM	0.73	(0.14)	0.00	(1.27)	0.00	0.00	1.12	(1.50)	5.74
FYBR	0.13	0.01	(0.26)	0.23	0.00	(0.15)	0.32	(0.29)	0.72
TIGO	1.43	0.26	0.10	1.33	1.82	(1.51)	3.36	(2.88)	10.22
PSO	0.92	(0.18)	0.00	(0.25)	0.00	0.00	1.64	(2.47)	6.77
IPG	1.29	(0.09)	0.00	(0.05)	0.00	0.00	2.81	(2.59)	8.04
LUMN	4.53	0.94	0.23	0.53	3.97	(5.86)	10.65	(6.75)	27.52

TIM Participacoes Corporate Management

Andrea Marques	Chief Officer	Profile
Nicandro Durante	Independent Chairman of the Board	Profile
Carlo Filangieri	Board member	Profile
Maria Russo	Culture People	Profile
Carlo Nardello	Board member	Profile

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