Iberdrola Correlations

IBDSF Stock

USD 21.42 0.33 1.56%

The current 90-days correlation between Iberdrola SA and BYD Electronic is 0.04 (i.e., Significant diversification). The correlation of Iberdrola 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.

Iberdrola Correlation With Market

Average diversification

The correlation between Iberdrola SA and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Iberdrola SA and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Iberdrola could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Iberdrola 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 Iberdrola - 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 Iberdrola SA to buy it.

Moving together with Iberdrola Pink Sheet

0.75	ESOCF	Enel SpA	Pair Corr
0.88	ENLAY	ENEL Societa per	Pair Corr
0.95	ENGQF	Engie SA	Pair Corr
0.8	KEN	Kenon Holdings	Pair Corr
0.71	STLD	Steel Dynamics	Pair Corr
0.73	PVLA	Palvella Therapeutics, Symbol Change	Pair Corr
0.62	USCB	US Century Bank	Pair Corr
0.64	SKLUY	Skellerup Holdings	Pair Corr
0.83	SION	Sionna Therapeutics,	Pair Corr
0.93	HPTO	hopTo Inc	Pair Corr
0.79	WTG	Wintergreen Acquisition	Pair Corr
0.73	ATIIW	Archimedes Tech SPAC	Pair Corr

Moving against Iberdrola Pink Sheet

0.62	IONQ	IONQ Inc Buyout Trend	Pair Corr
0.58	TARSF	Alianza Minerals	Pair Corr
0.52	EVSV	Enviro Serv	Pair Corr
0.52	INOD	Innodata	Pair Corr
0.39	NEOVW	NeoVolta Warrant	Pair Corr
0.36	PMAX	Powell Max Limited	Pair Corr
0.36	IPOAF	Industrias Penoles Sab	Pair Corr
0.5	CNNA	Cann American Corp	Pair Corr
0.32	ARBE	Arbe Robotics Earnings Call This Week	Pair Corr

Related Correlations Analysis

	BYDIF	GMELF	CRM	HTOCF	GEGI	GBCEY	EA	UMC
BYDIF		0.0	0.29	-0.59	0.0	0.0	-0.59	-0.42	BYDIF
GMELF	0.0		0.0	0.0	1.0	1.0	0.0	0.0	GMELF
CRM	0.29	0.0		-0.13	0.0	0.0	-0.17	0.15	CRM
HTOCF	-0.59	0.0	-0.13		0.0	0.0	0.93	0.6	HTOCF
GEGI	0.0	1.0	0.0	0.0		1.0	0.0	0.0	GEGI
GBCEY	0.0	1.0	0.0	0.0	1.0		0.0	0.0	GBCEY
EA	-0.59	0.0	-0.17	0.93	0.0	0.0		0.68	EA
UMC	-0.42	0.0	0.15	0.6	0.0	0.0	0.68		UMC
	BYDIF	GMELF	CRM	HTOCF	GEGI	GBCEY	EA	UMC

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

GEGI	+ 1.0	GMELF
GBCEY	+ 1.0	GMELF
GBCEY	+ 1.0	GEGI
EA	+ 0.93	HTOCF
UMC	+ 0.68	EA
UMC	+ 0.6	HTOCF

High negative correlations

EA	- 0.59	BYDIF
HTOCF	- 0.59	BYDIF
UMC	- 0.42	BYDIF
EA	- 0.17	CRM
HTOCF	- 0.13	CRM
UMC	- 0.0	GBCEY

Risk-Adjusted Indicators

There is a big difference between Iberdrola Pink Sheet performing well and Iberdrola 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 Iberdrola'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
BYDIF	3.04	(0.25)	0.00	0.35	0.00	0.00	7.84	(8.49)	20.71
GMELF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CRM	1.66	(0.12)	0.00	(0.04)	0.00	0.00	3.59	(3.61)	9.91
HTOCF	0.05	0.01	0.00	2.97	0.00	0.00	0.00	0.00	1.52
GEGI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GBCEY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EA	0.71	0.28	0.31	1.10	0.13	(0.94)	1.47	(0.33)	15.20
UMC	1.47	0.18	0.09	0.25	1.82	(1.51)	3.32	(3.14)	12.21

Be your own money manager

Our tools can tell you how much better you can do entering a position in Iberdrola 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 Rebalancing Now

Portfolio Rebalancing

Analyze risk-adjusted returns against different time horizons to find asset-allocation targets

All Next

Launch Module

Iberdrola Corporate Management

Maria Pereda	Director Compliance	Profile
Ignacio Arambarri	Director Communications	Profile
Pedro Blzquez	Director Devel	Profile
Agustn Delgado	Chief Officer	Profile
Carlos Alonso	VP Iberdrola	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