Correlated Assets

Assets that tend to move strongly with TEO

---

  YPF  YPF (0.91)

  DAL  Delta Air Lines (0.87)

  BBW  Build A Bear Workshop (0.87)

  BYRN  Byrna (0.86)

  ARGT  Global X Funds - Global X MSCI Argentina (0.85)

Uncorrelated Assets

Assets with little price relationship to TEO

---

  ODFL  Old Dominion Freight Line (-0.0)

  VXUS  Vanguard Group, Inc. - Vanguard Total International Stock (0.0)

  BBWI  Bath & Body Works (-0.02)

  DELL  Dell (0.02)

  INTU  Intuit (-0.03)

Anticorrelated Assets

Assets that tend to move strongly against TEO

---

  BIIB  Biogen (-0.72)

  VSAT  Viasat (-0.73)

  VAL  Valaris (-0.74)

  UDN  Invesco DB US Dollar Index Bearish (-0.74)

  RRR  Red Rock Resorts (-0.75)

---