SK Telecom Co., Ltd. American Depositary Shares (Each representing 5/9th of a Ordinary Share of SK Telecom Co., LTD.) (SKM) — Stock Correlations & Overview
Over the past year, SKM has moved most closely with EFFE, KORU, EWY. Explore the stocks most correlated and inversely correlated with SKM below, along with its price, financials, and company profile.
Stocks correlated with SKM
Correlation of daily returns. Higher positive values move with SKM; negative values move opposite it. Informational only, not investment advice.
Most correlated with SKM
| Symbol | Company | Correlation |
|---|---|---|
| EFFE | Harbor Osmosis Emerging Markets Resource Efficient ETF | 0.47 |
| KORU | Direxion Daily MSCI South Korea Bull 3X ETF | 0.47 |
| EWY | iShares MSCI South Korea ETF | 0.47 |
| FLKR | Franklin FTSE South Korea ETF | 0.47 |
| EMMF | WisdomTree Emerging Markets Multifactor Fund | 0.46 |
Most inversely correlated with SKM
| Symbol | Company | Correlation |
|---|---|---|
| EDZ | Direxion Daily MSCI Emerging Markets Bear 3X ETF | -0.43 |
| EUM | ProShares Trust Short MSCI Emerging Markets | -0.42 |
| EEV | ProShares Trust UltraShort MSCI Emerging Markets | -0.41 |
| SOXS | Direxion Daily Semiconductor Bear 3X ETF | -0.38 |
| MUD | Direxion Shares ETF Trust Direxion Daily MU Bear 1X ETF | -0.38 |
Frequently asked questions about SKM correlations
- Which stocks are most correlated with SKM?
- Based on one year of daily returns, the stocks most correlated with SK Telecom Co., Ltd. American Depositary Shares (Each representing 5/9th of a Ordinary Share of SK Telecom Co., LTD.) (SKM) are EFFE (0.47), KORU (0.47) and EWY (0.47). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with SKM?
- Over the past year, the stocks most inversely correlated with SK Telecom Co., Ltd. American Depositary Shares (Each representing 5/9th of a Ordinary Share of SK Telecom Co., LTD.) (SKM) are EDZ (-0.43), EUM (-0.42) and EEV (-0.41). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these SKM correlations calculated?
- We compute the correlation of daily returns between SKM and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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