CONSOL ENERGY Related Correlations

CGD Stock  EUR 19.40  1.20  3.81%   
Generate correlation matrix for CONSOL ENERGY and other related equities to check the degree to which CONSOL ENERGY price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for CONSOL ENERGY. To filter out specific equities, please toggle its corresponding legend item. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
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Please note, there is a significant difference between CONSOL ENERGY's value and its price as these two are different measures arrived at by different means. Investors typically determine if CONSOL ENERGY is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CONSOL ENERGY's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Correlations

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
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High negative correlations   
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9XJNRSA
NRSA8YX
06S8YX
8D906S
06SCUW

Risk-Adjusted Indicators

There is a big difference between CONSOL Stock performing well and CONSOL ENERGY Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze CONSOL ENERGY's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.