TELUS International Correlations

Summary

TIXTDelisted Stock

USD 4.31 0.00 0.00%

The current 90-days correlation between TELUS International and Verint Systems is -0.11 (i.e., Good diversification). The correlation of TELUS International 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.

TELUS International Correlation With Market

Modest diversification

The correlation between TELUS International and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TELUS International and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with TELUS Stock

0.67	CYCC	CYCC Old Symbol Change	Pair Corr
0.67	AXP	American Express	Pair Corr
0.61	DD	Dupont De Nemours	Pair Corr
0.72	IBM	International Business Sell-off Trend	Pair Corr
0.78	KO	Coca Cola Aggressive Push	Pair Corr
0.61	AA	Alcoa Corp	Pair Corr
0.82	CAT	Caterpillar	Pair Corr
0.65	JNJ	Johnson Johnson	Pair Corr
0.66	CSCO	Cisco Systems	Pair Corr

Moving against TELUS Stock

0.81	WNC	Wabash National	Pair Corr
0.77	VZ	Verizon Communications	Pair Corr
0.73	TRNR	Interactive Strength	Pair Corr
0.56	BA	Boeing	Pair Corr
0.55	DIS	Walt Disney	Pair Corr
0.49	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.41	HPQ	HP Inc	Pair Corr
0.4	VLCN	VLCN Old Symbol Change	Pair Corr

Related Correlations Analysis

	VRNT	ATEN	RPD	FSLY	RZLV	GCT	UPBD	RDWR	ARQQ	SUPX
VRNT		0.2	0.25	-0.08	0.3	0.16	0.37	0.17	-0.15	-0.13	VRNT
ATEN	0.2		0.67	-0.52	0.49	-0.2	0.55	0.78	0.55	0.3	ATEN
RPD	0.25	0.67		-0.82	0.81	-0.49	0.91	0.93	0.64	0.56	RPD
FSLY	-0.08	-0.52	-0.82		-0.73	0.76	-0.75	-0.81	-0.7	-0.74	FSLY
RZLV	0.3	0.49	0.81	-0.73		-0.61	0.89	0.84	0.62	0.71	RZLV
GCT	0.16	-0.2	-0.49	0.76	-0.61		-0.49	-0.58	-0.63	-0.91	GCT
UPBD	0.37	0.55	0.91	-0.75	0.89	-0.49		0.86	0.48	0.55	UPBD
RDWR	0.17	0.78	0.93	-0.81	0.84	-0.58	0.86		0.76	0.7	RDWR
ARQQ	-0.15	0.55	0.64	-0.7	0.62	-0.63	0.48	0.76		0.79	ARQQ
SUPX	-0.13	0.3	0.56	-0.74	0.71	-0.91	0.55	0.7	0.79		SUPX
	VRNT	ATEN	RPD	FSLY	RZLV	GCT	UPBD	RDWR	ARQQ	SUPX

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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

RDWR	+ 0.93	RPD
UPBD	+ 0.91	RPD
UPBD	+ 0.89	RZLV
RDWR	+ 0.86	UPBD
RDWR	+ 0.84	RZLV
RZLV	+ 0.81	RPD

High negative correlations

SUPX	- 0.91	GCT
FSLY	- 0.82	RPD
RDWR	- 0.81	FSLY
UPBD	- 0.75	FSLY
SUPX	- 0.74	FSLY
RZLV	- 0.73	FSLY

Risk-Adjusted Indicators

There is a big difference between TELUS Stock performing well and TELUS 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 TELUS 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
VRNT	0.12	0.00	(0.43)	0.06	0.06	(0.16)	0.20	(0.20)	0.79
ATEN	1.26	(0.04)	(0.02)	0.03	1.70	(1.26)	2.11	(3.16)	6.88
RPD	2.02	(0.33)	0.00	(0.24)	0.00	0.00	3.77	(4.51)	24.88
FSLY	3.40	0.45	0.14	0.64	2.96	(4.51)	6.20	(4.97)	44.62
RZLV	4.74	(1.41)	0.00	(0.61)	0.00	0.00	12.26	(10.49)	35.36
GCT	2.94	0.48	0.15	0.35	3.16	(3.12)	5.66	(5.45)	35.50
UPBD	2.32	(0.57)	0.00	(0.22)	0.00	0.00	4.56	(4.15)	24.48
RDWR	1.40	(0.22)	0.00	(0.14)	0.00	0.00	2.25	(3.42)	7.83
ARQQ	5.91	(0.13)	0.02	0.04	7.08	(6.92)	11.40	(9.95)	46.11
SUPX	6.76	(1.56)	0.00	(0.36)	0.00	0.00	15.34	(16.32)	44.17

TELUS International Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with TELUS International stock to make a market-neutral strategy. Peer analysis of TELUS International could also be used in its relative valuation, which is a method of valuing TELUS International by comparing valuation metrics with similar companies.

Verint Systems A10 Network Rapid7 Inc Fastly, Class A Rezolve AI Limited GigaCloud Technology Class Upbound Group Radware Arqit Quantum Super X AI American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

Risk & Return

Correlation

TELUS International Corporate Management

Kenneth Cheong	Director	Profile
Stephen Lewis	Director	Profile
Sue Paish	Independent Director	Profile
Jason Macdonnell	Acting Experience	Profile
Brian Hannon	Acting Officer	Profile

Still Interested in TELUS International?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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