Engie SA Correlations

ENGIY Stock

USD 23.19 0.37 1.57%

The current 90-days correlation between Engie SA ADR and RWE AG PK is 0.34 (i.e., Weak diversification). The correlation of Engie SA is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Engie SA Correlation With Market

Good diversification

The correlation between Engie SA ADR and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Engie SA ADR and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Engie SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Engie SA when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Engie SA - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Engie SA ADR to buy it.

Moving together with Engie Pink Sheet

0.64	SOJC	Southern	Pair Corr
0.91	TLN	Talen Energy	Pair Corr
0.73	CMSA	CMS Energy Corp	Pair Corr
0.68	SCVL	Shoe Carnival	Pair Corr
0.83	C	Citigroup Aggressive Push	Pair Corr
0.85	AANNF	Aroundtown SA	Pair Corr
0.82	SUUIF	Superior Plus Corp	Pair Corr
0.86	GE	GE Aerospace	Pair Corr
0.75	AA	Alcoa Corp	Pair Corr
0.67	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.86	DIS	Walt Disney	Pair Corr
0.85	PFE	Pfizer Inc	Pair Corr
0.92	CSCO	Cisco Systems	Pair Corr
0.87	BAC	Bank of America Aggressive Push	Pair Corr
0.92	IBM	International Business	Pair Corr

Moving against Engie Pink Sheet

0.56	MSB	Mesabi Trust	Pair Corr
0.78	MCD	McDonalds	Pair Corr
0.41	KO	Coca Cola	Pair Corr
0.35	PG	Procter Gamble Earnings Call This Week	Pair Corr

Related Correlations Analysis

	AES	RWEOY	IBDRY	EONGY	CDUAF	ENLAY	ENGQF	CODYY
AES		0.49	-0.05	0.0	0.24	0.31	0.54	0.64	AES
RWEOY	0.49		0.68	0.0	0.65	0.73	0.81	0.64	RWEOY
IBDRY	-0.05	0.68		0.0	0.57	0.82	0.6	0.44	IBDRY
EONGY	0.0	0.0	0.0		0.0	0.0	0.0	0.0	EONGY
CDUAF	0.24	0.65	0.57	0.0		0.63	0.53	0.48	CDUAF
ENLAY	0.31	0.73	0.82	0.0	0.63		0.82	0.78	ENLAY
ENGQF	0.54	0.81	0.6	0.0	0.53	0.82		0.81	ENGQF
CODYY	0.64	0.64	0.44	0.0	0.48	0.78	0.81		CODYY
	AES	RWEOY	IBDRY	EONGY	CDUAF	ENLAY	ENGQF	CODYY

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

ENLAY	+ 0.82	IBDRY
ENGQF	+ 0.82	ENLAY
ENGQF	+ 0.81	RWEOY
CODYY	+ 0.81	ENGQF
CODYY	+ 0.78	ENLAY
ENLAY	+ 0.73	RWEOY

High negative correlations

IBDRY	- 0.05	AES
CODYY	- 0.0	EONGY
ENGQF	- 0.0	EONGY
ENLAY	- 0.0	EONGY
CDUAF	- 0.0	EONGY
EONGY	- 0.0	IBDRY

Risk-Adjusted Indicators

There is a big difference between Engie Pink Sheet performing well and Engie SA 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 Engie SA'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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
AES	2.55	0.54	0.10	2.58	3.21	(2.78)	5.05	(4.94)	26.19
RWEOY	1.04	0.19	0.01	2.46	1.02	(1.26)	2.58	(1.80)	7.25
IBDRY	0.99	0.06	(0.10)	(0.21)	1.70	(0.90)	2.00	(3.14)	6.30
EONGY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CDUAF	0.75	0.13	(0.10)	(0.63)	0.86	(0.83)	1.63	(1.59)	4.70
ENLAY	0.90	0.15	(0.03)	1.79	0.93	(1.03)	1.63	(1.68)	4.86
ENGQF	3.53	0.21	0.06	0.38	4.33	(3.71)	8.59	(7.14)	21.36
CODYY	1.32	0.24	0.13	0.57	0.90	(1.63)	4.25	(1.74)	8.04

Be your own money manager

Our tools can tell you how much better you can do entering a position in Engie SA without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Portfolio Optimization Now

Portfolio Optimization

Compute new portfolio that will generate highest expected return given your specified tolerance for risk

All Next

Launch Module

Engie SA Corporate Management

Aarti Singhal	Investor Director	Profile
Sbastien Arbola	Ex Supply	Profile
Maxime Chtelet	Trade Funding	Profile
Catherine MacGregor	CEO Director	Profile
PierreFrancois Riolacci	Corp Fin	Profile
Martin Lestang	Managing Metier	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC