Shell PLC Correlations

RYDAF Stock

USD 35.32 0.55 1.58%

The current 90-days correlation between Shell PLC and PetroChina Co Ltd is -0.07 (i.e., Good diversification). The correlation of Shell PLC 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.

Shell PLC Correlation With Market

Significant diversification

The correlation between Shell PLC and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Shell PLC and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Shell Pink Sheet

0.67	XOM	Exxon Mobil Corp	Pair Corr
0.78	PETR4	Petrleo Brasileiro	Pair Corr
0.77	CVX	Chevron Corp	Pair Corr
0.85	SHEL	Shell PLC ADR Sell-off Trend	Pair Corr
0.76	TTFNF	TotalEnergies SE Earnings Call This Week	Pair Corr
0.78	TTE	TotalEnergies SE ADR Earnings Call This Week	Pair Corr
0.72	PCCYF	PetroChina	Pair Corr
0.67	DOX	Amdocs	Pair Corr
0.75	CPA	Copa Holdings SA	Pair Corr
0.82	DLTR	Dollar Tree	Pair Corr
0.85	CVI	CVR Energy Earnings Call This Week	Pair Corr
0.82	VMI	Valmont Industries Earnings Call Tomorrow	Pair Corr
0.75	BLK	BlackRock	Pair Corr
0.72	BVN	Compania de Minas Earnings Call This Week	Pair Corr
0.76	PANW	Palo Alto Networks	Pair Corr
0.66	BBVXF	Banco Bilbao Vizcaya	Pair Corr
0.77	CFG	Citizens Financial Group,	Pair Corr
0.75	BKNG	Booking Holdings	Pair Corr
0.69	IGI	Western Asset Investment	Pair Corr
0.83	MSFT	Microsoft	Pair Corr
0.76	AMSC	American Superconductor	Pair Corr
0.68	LAES	SEALSQ Corp Aggressive Push	Pair Corr
0.67	NXTT	Next Technology Holding	Pair Corr
0.72	STKAF	Stockland	Pair Corr
0.62	BFST	Business First Bancshares Earnings Call This Week	Pair Corr
0.73	NEE-PT	NextEra Energy, Earnings Call Tomorrow	Pair Corr
0.73	CHEOY	CochLear ADR	Pair Corr

Moving against Shell Pink Sheet

0.43	LION	Lionsgate Studios Holding	Pair Corr
0.38	MRMD	Marimed	Pair Corr

Related Correlations Analysis

	EIPAF	MGYOY	PCCYF	STOHF	SNPMF	BPAQF	OGFGY	TTFNF	TTE	E
EIPAF		0.84	0.73	0.71	0.35	0.79	0.65	0.75	0.76	0.87	EIPAF
MGYOY	0.84		0.9	0.8	0.58	0.88	0.82	0.86	0.89	0.95	MGYOY
PCCYF	0.73	0.9		0.82	0.61	0.77	0.77	0.81	0.83	0.86	PCCYF
STOHF	0.71	0.8	0.82		0.54	0.82	0.75	0.84	0.84	0.87	STOHF
SNPMF	0.35	0.58	0.61	0.54		0.51	0.42	0.64	0.63	0.57	SNPMF
BPAQF	0.79	0.88	0.77	0.82	0.51		0.77	0.89	0.9	0.93	BPAQF
OGFGY	0.65	0.82	0.77	0.75	0.42	0.77		0.69	0.71	0.76	OGFGY
TTFNF	0.75	0.86	0.81	0.84	0.64	0.89	0.69		0.98	0.93	TTFNF
TTE	0.76	0.89	0.83	0.84	0.63	0.9	0.71	0.98		0.95	TTE
E	0.87	0.95	0.86	0.87	0.57	0.93	0.76	0.93	0.95		E
	EIPAF	MGYOY	PCCYF	STOHF	SNPMF	BPAQF	OGFGY	TTFNF	TTE	E

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Risk-Adjusted Indicators

There is a big difference between Shell Pink Sheet performing well and Shell PLC 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 Shell PLC'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
EIPAF	2.03	0.33	0.07	0.61	2.32	(3.77)	6.49	(4.15)	23.58
MGYOY	1.50	0.40	0.12	(1.77)	1.65	(1.83)	3.39	(2.48)	14.07
PCCYF	3.56	1.62	0.42	3.91	1.67	(6.32)	5.88	(4.35)	51.21
STOHF	1.36	0.15	0.01	0.67	1.73	(2.44)	4.23	(3.79)	19.32
SNPMF	24.67	5.53	0.18	1.23	19.81	(47.94)	89.29	(47.06)	140.67
BPAQF	1.50	0.33	0.10	(6.73)	1.56	(1.74)	3.20	(2.69)	8.84
OGFGY	0.92	0.27	0.03	(0.96)	1.05	(3.62)	4.79	(1.18)	15.09
TTFNF	1.41	0.15	0.02	1.24	1.52	(1.73)	3.43	(2.53)	7.35
TTE	1.06	0.15	0.01	(7.31)	1.18	(1.18)	2.55	(2.09)	6.78
E	0.96	0.34	0.24	12.35	0.54	(1.22)	2.70	(1.34)	4.83

Be your own money manager

Our tools can tell you how much better you can do entering a position in Shell PLC 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.

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MA BA	Ex Americas	Profile
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