Engie SA Correlations

ENGQF Stock

USD 31.56 0.02 0.06%

The correlation of Engie SA 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.

Engie SA Correlation With Market

Poor diversification

The correlation between Engie SA and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Engie SA and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Engie Pink Sheet

0.94	IBDSF	Iberdrola SA Earnings Call This Week	Pair Corr
0.95	IBDRY	Iberdrola SA Earnings Call This Week	Pair Corr
0.91	ESOCF	Enel SpA Downward Rally	Pair Corr
0.93	ENLAY	ENEL Societa per	Pair Corr
0.71	PUPOF	Public PowerSA	Pair Corr
0.64	SOHOB	Sotherly Hotels Series	Pair Corr
0.84	AROW	Arrow Financial	Pair Corr
0.87	GROW	US Global Investors	Pair Corr
0.88	NVST	Envista Holdings Corp	Pair Corr
0.83	BBBXF	Brixton Metals Earnings Call This Week	Pair Corr
0.62	IPSC	Century Therapeutics	Pair Corr
0.85	FITB	Fifth Third Bancorp	Pair Corr
0.86	ESIFF	ESG Global Impact	Pair Corr
0.87	THAR	Tharimmune Symbol Change	Pair Corr
0.82	984121CL5	Xerox 48 percent	Pair Corr
0.61	REG	Regency Centers	Pair Corr
0.89	JOE	St Joe Company Earnings Call This Week	Pair Corr
0.63	CE	Celanese	Pair Corr
0.96	SSEZY	SSE PLC ADR	Pair Corr

Moving against Engie Pink Sheet

0.47	PPWLM	PacifiCorp	Pair Corr
0.45	ENSV	Enservco Earnings Call This Week	Pair Corr

Related Correlations Analysis

	ENAKF	EONGY	RWEOY	RWNFF	SSEZY	SSEZF	ELEZY	ELCPF	EDPFY	CHUEF
ENAKF		0.84	0.85	0.84	0.81	0.81	0.62	0.64	0.85	0.02	ENAKF
EONGY	0.84		0.95	0.94	0.96	0.9	0.77	0.72	0.98	-0.03	EONGY
RWEOY	0.85	0.95		0.99	0.91	0.86	0.74	0.61	0.97	-0.02	RWEOY
RWNFF	0.84	0.94	0.99		0.91	0.86	0.73	0.6	0.97	-0.04	RWNFF
SSEZY	0.81	0.96	0.91	0.91		0.93	0.87	0.7	0.95	0.14	SSEZY
SSEZF	0.81	0.9	0.86	0.86	0.93		0.78	0.71	0.89	0.2	SSEZF
ELEZY	0.62	0.77	0.74	0.73	0.87	0.78		0.51	0.78	0.31	ELEZY
ELCPF	0.64	0.72	0.61	0.6	0.7	0.71	0.51		0.67	0.05	ELCPF
EDPFY	0.85	0.98	0.97	0.97	0.95	0.89	0.78	0.67		-0.01	EDPFY
CHUEF	0.02	-0.03	-0.02	-0.04	0.14	0.2	0.31	0.05	-0.01		CHUEF
	ENAKF	EONGY	RWEOY	RWNFF	SSEZY	SSEZF	ELEZY	ELCPF	EDPFY	CHUEF

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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

RWNFF	+ 0.99	RWEOY
EDPFY	+ 0.98	EONGY
EDPFY	+ 0.97	RWEOY
EDPFY	+ 0.97	RWNFF
SSEZY	+ 0.96	EONGY
RWEOY	+ 0.95	EONGY

High negative correlations

CHUEF	- 0.04	RWNFF
CHUEF	- 0.03	EONGY
CHUEF	- 0.02	RWEOY
CHUEF	- 0.01	EDPFY

Risk-Adjusted Indicators

There is a big difference between Engie Pink Sheet performing well and Engie SA 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 Engie SA'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
ENAKF	2.20	0.35	0.05	0.48	2.69	(5.59)	8.11	(7.24)	23.33
EONGY	0.95	0.32	0.20	(1.28)	0.87	(1.02)	2.13	(1.78)	7.20
RWEOY	1.19	0.20	0.10	6.21	1.45	(1.34)	2.61	(2.47)	7.44
RWNFF	1.63	0.36	0.16	(1.21)	1.64	(1.89)	3.72	(2.86)	12.37
SSEZY	1.12	0.26	0.16	(1.12)	1.05	(1.25)	2.14	(1.77)	4.43
SSEZF	1.95	0.43	0.05	(0.21)	2.68	(3.14)	5.65	(6.16)	18.35
ELEZY	0.97	0.07	0.01	49.04	1.40	(1.02)	1.95	(2.16)	6.36
ELCPF	0.99	0.32	0.00	0.94	0.00	0.00	3.30	(1.43)	14.26
EDPFY	0.84	0.24	0.17	(1.15)	0.82	(0.94)	1.91	(1.61)	5.51
CHUEF	5.01	0.19	0.03	0.29	6.45	(5.75)	13.21	(11.68)	34.37

Be your own money manager

Our tools can tell you how much better you can do entering a position in Engie SA 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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Engie SA Corporate Management

Aarti Singhal	Investor Director	Profile
Sbastien Arbola	Ex Supply	Profile
Maxime Chtelet	Trade Funding	Profile
Catherine MacGregor	CEO Director	Profile
PierreFrancois Riolacci	Corp Fin	Profile
Martin Lestang	Managing Metier	Profile

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