Rio Tinto Correlations
| CRA1 Stock | EUR 70.91 0.90 1.25% |
The current 90-days correlation between Rio Tinto Group and Talanx AG is 0.04 (i.e., Significant diversification). The correlation of Rio Tinto 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.
Rio Tinto Correlation With Market
Average diversification
The correlation between Rio Tinto Group and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rio Tinto Group and DJI in the same portfolio, assuming nothing else is changed.
Rio |
The ability to find closely correlated positions to Rio Tinto could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Rio Tinto 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 Rio Tinto - 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 Rio Tinto Group to buy it.
Moving together with Rio Stock
| 0.85 | NGLB | Anglo American plc | PairCorr |
| 0.7 | NE0 | NEXA RESOURCES SA | PairCorr |
| 0.66 | W2F | STRAITS TRADG SD | PairCorr |
| 0.64 | 5LA1 | American Lithium Corp | PairCorr |
| 0.67 | 3FN | Adriatic Metals Plc | PairCorr |
| 0.69 | 3FNA | ADRIATIC METALS LS | PairCorr |
| 0.63 | SWTF | Intouch Holdings Public | PairCorr |
| 0.77 | DBPE | Xtrackers LevDAX | PairCorr |
Moving against Rio Stock
| 0.8 | DBPD | Xtrackers ShortDAX | PairCorr |
| 0.69 | OS3 | Otello ASA | PairCorr |
| 0.61 | D7GA | NEL ASA ADR30 | PairCorr |
| 0.56 | HHX | HAMMONIA Schiffsholding | PairCorr |
| 0.4 | LYV | Lundin Energy AB | PairCorr |
Related Correlations Analysis
| 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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Rio Stock performing well and Rio Tinto 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 Rio Tinto'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| F5J | 4.07 | (0.34) | 0.00 | (0.30) | 0.00 | 8.94 | 30.27 | |||
| NE0 | 1.87 | 0.33 | 0.10 | (1.51) | 1.90 | 4.00 | 8.48 | |||
| 3FNA | 3.08 | 0.50 | 0.11 | 1.10 | 3.53 | 7.61 | 27.81 | |||
| 8SP | 2.15 | (0.05) | 0.00 | 0.17 | 0.00 | 3.43 | 21.59 | |||
| 6NM | 1.20 | 0.08 | (0.02) | (0.14) | 1.75 | 2.79 | 9.64 | |||
| 39O1 | 3.91 | 0.32 | 0.07 | 0.61 | 3.52 | 9.64 | 34.42 | |||
| 2DG | 3.88 | (1.67) | 0.00 | (16.40) | 0.00 | 6.06 | 52.42 | |||
| TLX | 0.97 | 0.04 | (0.06) | (0.87) | 1.14 | 2.67 | 7.58 | |||
| TM9 | 2.80 | (0.01) | (0.02) | 0.08 | 4.32 | 5.56 | 36.50 | |||
| INVN | 2.17 | 0.17 | 0.02 | (0.67) | 2.57 | 5.61 | 14.01 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Rio Tinto 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?
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Rio Tinto Corporate Management
Elected by the shareholders, the Rio Tinto's board of directors comprises two types of representatives: Rio Tinto inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Rio. The board's role is to monitor Rio Tinto's management team and ensure that shareholders' interests are well served. Rio Tinto'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, Rio Tinto's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Bold Baatar | Chief Copper | Profile | |
| Mark Davies | Chief Officer | Profile | |
| MS MS | CEO Director | Profile | |
| BSc GAICD | Chief Ore | Profile | |
| Menno Sanderse | Head Relations | Profile | |
| Sinead Kaufman | Chief Minerals | Profile | |
| Arnaud Soirat | Group Officer | Profile |