Engie SA Correlations

ENGQF Stock

USD 26.65 0.36 1.37%

The current 90-days correlation between Engie SA and EON SE is 0.06 (i.e., Significant diversification). 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

Average diversification

The correlation between Engie SA and DJI is 0.17 (i.e., Average 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

0.92	IBDSF	Iberdrola SA	Pair Corr
0.92	IBDRY	Iberdrola SA	Pair Corr
0.82	ESOCF	Enel SpA	Pair Corr
0.86	ENLAY	ENEL Societa per	Pair Corr
0.64	UPWK	Upwork Inc	Pair Corr
0.62	GLBGF	Globrands	Pair Corr
0.63	98956PAH5	ZIMMER BIOMET HLDGS	Pair Corr
0.88	MLTX	MoonLake Immunotherapeuti	Pair Corr
0.68	907818EN4	UNION PAC P	Pair Corr
0.9	PILBF	Pilbara Minerals	Pair Corr
0.76	HL	Hecla Mining	Pair Corr
0.81	WFRD	Weatherford International	Pair Corr
0.81	EIX	Edison International	Pair Corr
0.85	RXEEY	Rexel SA ADR	Pair Corr
0.87	RIBB	Ribbon Acquisition Corp	Pair Corr

Moving against Engie Pink Sheet

0.45	MGMA	Metro Global Media	Pair Corr
0.31	PPWLM	PacifiCorp	Pair Corr
0.31	MJNA	Medical Marijuana	Pair Corr

Related Correlations Analysis

	ENAKF	EONGY	RWEOY	RWNFF	SSEZY	SSEZF	ELEZY	ELCPF	EDPFY	CHUEF
ENAKF		0.69	-0.62	-0.64	-0.64	-0.59	-0.66	0.54	0.68	0.35	ENAKF
EONGY	0.69		-0.45	-0.43	-0.59	-0.61	-0.49	0.56	0.71	0.68	EONGY
RWEOY	-0.62	-0.45		0.95	0.91	0.75	0.85	-0.64	-0.7	-0.3	RWEOY
RWNFF	-0.64	-0.43	0.95		0.88	0.79	0.82	-0.6	-0.69	-0.3	RWNFF
SSEZY	-0.64	-0.59	0.91	0.88		0.9	0.72	-0.73	-0.76	-0.41	SSEZY
SSEZF	-0.59	-0.61	0.75	0.79	0.9		0.59	-0.61	-0.67	-0.44	SSEZF
ELEZY	-0.66	-0.49	0.85	0.82	0.72	0.59		-0.38	-0.57	-0.41	ELEZY
ELCPF	0.54	0.56	-0.64	-0.6	-0.73	-0.61	-0.38		0.75	0.31	ELCPF
EDPFY	0.68	0.71	-0.7	-0.69	-0.76	-0.67	-0.57	0.75		0.48	EDPFY
CHUEF	0.35	0.68	-0.3	-0.3	-0.41	-0.44	-0.41	0.31	0.48		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	+ 0.95	RWEOY
SSEZY	+ 0.91	RWEOY
SSEZF	+ 0.9	SSEZY
SSEZY	+ 0.88	RWNFF
ELEZY	+ 0.85	RWEOY
ELEZY	+ 0.82	RWNFF

High negative correlations

EDPFY	- 0.76	SSEZY
ELCPF	- 0.73	SSEZY
EDPFY	- 0.7	RWEOY
EDPFY	- 0.69	RWNFF
EDPFY	- 0.67	SSEZF
ELEZY	- 0.66	ENAKF

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	1.37	0.05	0.00	0.38	2.09	(3.83)	4.75	(5.58)	15.35
EONGY	0.86	0.02	(0.02)	0.17	1.26	(0.78)	1.77	(1.78)	6.90
RWEOY	1.09	0.30	0.25	0.88	0.75	(1.37)	2.39	(1.51)	11.95
RWNFF	1.38	0.34	0.14	(0.61)	1.38	(1.57)	2.60	(2.52)	10.58
SSEZY	1.27	0.39	0.31	0.64	0.80	(1.57)	2.14	(1.75)	18.59
SSEZF	2.21	0.54	0.07	(0.24)	2.72	(3.24)	5.74	(6.16)	31.12
ELEZY	1.21	0.16	0.10	0.40	1.22	(1.40)	2.38	(2.03)	6.82
ELCPF	0.88	(0.01)	0.00	0.21	0.00	0.00	3.46	(3.36)	24.44
EDPFY	0.95	(0.01)	0.00	0.17	0.00	0.00	1.76	(2.42)	8.22
CHUEF	5.01	0.24	0.03	(1.18)	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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