PACS vs TEO: Correlation
How closely do PACS Group, Inc. (PACS) and Telecom Argentina SA (TEO) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PACS and TEO?
Across a 3-year window, the weekly returns of PACS and TEO correlate at -0.22, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.21 over 1 year against -0.22 over 3. Stretching to 5 years gives n/a, with an annualized covariance of -1557.4 %².
Within PACS's tracked universe of 35 assets, TEO comes in at #22 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PACS ahead by 219.2 points (+273.0% versus +53.8%). Note the risk asymmetry: PACS runs 1.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
PACS vs TEO: side by side
| PACS (PACS Group, Inc.) | TEO (Telecom Argentina SA) | |
|---|---|---|
| 1-year return | +273.0% | +53.8% |
| 5-year return | n/a | +180.0% |
| Volatility (ann.) | 120.5% | 62.0% |
| Beta vs S&P 500 | 0.06 | 0.67 |
| Max drawdown (3Y) | -82.0% | -54.0% |
| Market cap | $7.0B | – |
| P/E (trailing) | 25.9 | 10.9 |
| Dividend yield | 0.00% | 102.04% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PACS | TEO |
|---|---|---|
| 2022 | – | +14.3% |
| 2023 | – | +37.9% |
| 2024 | – | +79.3% |
| 2025 | +192.8% | -7.8% |
| 2026 | +15.2% | +12.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PACS and TEO good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PACS and TEO?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.21 over the last year and n/a over 5 years.
Is TEO a good diversifier for PACS?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/pacs-vs-teo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/pacs-vs-teo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PACS correlations · TEO correlations
