Which stocks are most correlated with TEO?

Based on one year of daily returns, the stocks most correlated with Telecom Argentina S.A. (TEO) are ARGT (0.79), CEPU (0.75) and SUPV (0.75). 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 TEO?

Over the past year, the stocks most inversely correlated with Telecom Argentina S.A. (TEO) are QQQD (-0.33), BZQ (-0.32) and SPDN (-0.31). A negative correlation means the two stocks have tended to move in opposite directions.

Telecom Argentina S.A. (TEO) — Stock Correlations & Overview

Over the past year, TEO has moved most closely with ARGT, CEPU, SUPV. Explore the stocks most correlated and inversely correlated with TEO below, along with its price, financials, and company profile.

Stocks correlated with TEO

Correlation of daily returns. Higher positive values move with TEO; negative values move opposite it. Informational only, not investment advice.

Most correlated with TEO

Symbol	Company	Correlation
ARGT	Global X MSCI Argentina ETF	0.79
CEPU	Central Puerto S.A. American Depositary Shares (each represents ten Common Shares)	0.75
SUPV	Grupo Supervielle S.A.	0.75
TGS	Transportadora de Gas del Sur S.A. ADS	0.75
BBAR	Banco BBVA Argentina S.A.	0.74

Most inversely correlated with TEO

Symbol	Company	Correlation
QQQD	Direxion Daily Magnificent 7 Bear 1X ETF	-0.33
BZQ	ProShares UltraShort MSCI Brazil Capped	-0.32
SPDN	Direxion Daily S&P 500 Bear 1X ETF	-0.31
SPXU	ProShares UltraPro Short S&P 500	-0.31
SPXS	Direxion Daily S&P 500 Bear 3x ETF	-0.31

Frequently asked questions about TEO correlations

Which stocks are most correlated with TEO?: Based on one year of daily returns, the stocks most correlated with Telecom Argentina S.A. (TEO) are ARGT (0.79), CEPU (0.75) and SUPV (0.75). 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 TEO?: Over the past year, the stocks most inversely correlated with Telecom Argentina S.A. (TEO) are QQQD (-0.33), BZQ (-0.32) and SPDN (-0.31). 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 TEO correlations calculated?: We compute the correlation of daily returns between TEO 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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