CONSOL Energy Correlations

Stocks . Germany . 
Stock . CONSOL Energy
C9X Stock  EUR 125.15  1.40  1.13%   
The current 90-days correlation between CONSOL Energy and MC Mining is -0.1 (i.e., Good diversification). The correlation of CONSOL Energy 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.

CONSOL Energy Correlation With Market

Poor diversification

The correlation between CONSOL Energy and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CONSOL Energy and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to CONSOL Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CONSOL Energy 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 CONSOL Energy - 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 CONSOL Energy to buy it.

Moving together with CONSOL Stock

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  0.79PFX1 Perma Fix EnvironmentalPairCorr
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  0.95VMC Vulcan MaterialsPairCorr
  0.91RF6 CBRE Group ClassPairCorr
  0.88DTEA Deutsche TelekomPairCorr
  0.94BN9 Bank of New York MellonPairCorr
  0.941K3 KnowlesPairCorr
  0.68SIX2 Sixt SEPairCorr
  0.68C6T China Construction BankPairCorr
  0.95NT4 Northern TrustPairCorr
  0.88SOBA ATT IncPairCorr
  0.91TL0 Tesla IncPairCorr
  0.92FT1 FARO TechnologiesPairCorr

Moving against CONSOL Stock

  0.83IO0 Ichor Coal NVPairCorr
  0.8GD6 Ramsay Gnrale dePairCorr
  0.64HVB ÜSTRA HannoverschePairCorr
  0.32NVAC Banpu PCLPairCorr
  0.46DBPD Xtrackers ShortDAXPairCorr

Related Correlations Analysis

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Be your own money manager

Our tools can tell you how much better you can do entering a position in CONSOL Energy 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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CONSOL Energy Corporate Management

Elected by the shareholders, the CONSOL Energy's board of directors comprises two types of representatives: CONSOL Energy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of CONSOL. The board's role is to monitor CONSOL Energy's management team and ensure that shareholders' interests are well served. CONSOL Energy's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, CONSOL Energy's outside directors are responsible for providing unbiased perspectives on the board's policies.
James BrockPres CEOProfile
Daniel ConnellVP StrategyProfile
John RothkaChief ControllerProfile
Kurt SalvatoriChief OfficerProfile
Miteshkumar ThakkarChief OfficerProfile
Martha WiegandG SecProfile
Eric SchubelVP OperationsProfile
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