PT Telekomunikasi Indonesia (TLK) — Stock Correlations & Overview
Over the past year, TLK has moved most closely with EIDO, IDX, PID. Explore the stocks most correlated and inversely correlated with TLK below, along with its price, financials, and company profile.
Stocks correlated with TLK
Correlation of daily returns. Higher positive values move with TLK; negative values move opposite it. Informational only, not investment advice.
Most correlated with TLK
| Symbol | Company | Correlation |
|---|---|---|
| EIDO | iShares MSCI Indonesia ETF | 0.60 |
| IDX | VanEck Indonesia Index ETF | 0.55 |
| PID | Invesco International Dividend Achievers ETF | 0.41 |
| ASEA | Global X FTSE Southeast Asia ETF | 0.39 |
| EDOG | ALPS Emerging Sector Dividend Dogs ETF | 0.36 |
Most inversely correlated with TLK
| Symbol | Company | Correlation |
|---|---|---|
| EPV | ProShares UltraShort FTSE Europe | -0.28 |
| SJB | ProShares Short High Yield | -0.26 |
| EUO | ProShares UltraShort EuroCOMMODITY CONTRACTS BROKERS & DEALERS | -0.26 |
| NEUP | Neuphoria Therapeutics Inc. Common StockPHARMACEUTICAL PREPARATIONS | -0.25 |
| BZQ | ProShares UltraShort MSCI Brazil Capped | -0.25 |
Frequently asked questions about TLK correlations
- Which stocks are most correlated with TLK?
- Based on one year of daily returns, the stocks most correlated with PT Telekomunikasi Indonesia (TLK) are EIDO (0.60), IDX (0.55) and PID (0.41). 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 TLK?
- Over the past year, the stocks most inversely correlated with PT Telekomunikasi Indonesia (TLK) are EPV (-0.28), SJB (-0.26) and EUO (-0.26). 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 TLK correlations calculated?
- We compute the correlation of daily returns between TLK 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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