TotalEnergies Correlations
| TTE Stock | 57.51 0.36 0.63% |
The current 90-days correlation between TotalEnergies SE and Air Liquide SA is 0.21 (i.e., Modest diversification). The correlation of TotalEnergies 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.
TotalEnergies Correlation With Market
Modest diversification
The correlation between TotalEnergies SE and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TotalEnergies SE and DJI in the same portfolio, assuming nothing else is changed.
TotalEnergies |
The ability to find closely correlated positions to TotalEnergies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TotalEnergies 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 TotalEnergies - 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 TotalEnergies SE to buy it.
Moving against TotalEnergies Stock
| 0.73 | CRSU | Caisse Regionale | PairCorr |
| 0.63 | ADOC | Adocia | PairCorr |
| 0.56 | MLCFD | Compagnie de Chemins | PairCorr |
| 0.5 | ATO | Atos SE | PairCorr |
| 0.31 | ARTO | Artois Nom | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between TotalEnergies Stock performing well and TotalEnergies 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 TotalEnergies' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AI | 0.84 | (0.07) | 0.00 | (0.08) | 0.00 | 1.67 | 4.88 | |||
| ENGI | 0.59 | (0.02) | 0.00 | 2.21 | 0.00 | 1.17 | 3.72 | |||
| SAN | 0.78 | (0.10) | 0.00 | (0.20) | 0.00 | 1.50 | 5.53 | |||
| CS | 0.68 | (0.04) | (0.10) | 0.04 | 1.05 | 1.22 | 4.27 | |||
| ORA | 0.80 | (0.06) | 0.00 | 0.67 | 0.00 | 1.33 | 5.58 |
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TotalEnergies Corporate Management
Elected by the shareholders, the TotalEnergies' board of directors comprises two types of representatives: TotalEnergies inside directors who are chosen from within the company, and outside directors, selected externally and held independent of TotalEnergies. The board's role is to monitor TotalEnergies' management team and ensure that shareholders' interests are well served. TotalEnergies' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, TotalEnergies' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Aurlien Hamelle | VP Legal | Profile | |
| JacquesEmmanuel Saulnier | Sr Communications | Profile | |
| MarieNolle Semeria | VP CTO | Profile | |
| Francoise Leroy | Head Acquisitions | Profile | |
| Michel Hourcard | SVP Center | Profile | |
| JeanPierre Sbraire | Chief Officer | Profile | |
| JeanMarc Jaubert | VP Safety | Profile |