Engie SA Correlations
| ENGQF Stock | USD 15.51 0.20 1.27% |
The current 90-days correlation between Engie SA and RWE AG PK is 0.04 (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
Good diversification
The correlation between Engie SA and DJI is -0.18 (i.e., Good 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.
Engie |
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
Moving against Engie Pink Sheet
| 0.79 | PPWLO | PacifiCorp | PairCorr |
| 0.74 | SRE | Sempra Energy | PairCorr |
| 0.43 | STI | Solidion Technology Symbol Change | PairCorr |
| 0.85 | IBKR | Interactive Brokers Fiscal Year End 21st of January 2025 | PairCorr |
| 0.83 | IESC | IES Holdings | PairCorr |
| 0.8 | SMR | Nuscale Power Corp | PairCorr |
| 0.78 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.76 | GM | General Motors | PairCorr |
| 0.75 | KRKNF | Kraken Robotics | PairCorr |
| 0.73 | VST | Vistra Energy Corp Buyout Trend | PairCorr |
| 0.72 | S | SentinelOne | PairCorr |
| 0.67 | SMFG | Sumitomo Mitsui Financial | PairCorr |
| 0.66 | PRU | Prudential Financial | PairCorr |
| 0.6 | MVSTW | Microvast Holdings | PairCorr |
| 0.4 | VOXX | VOXX International | PairCorr |
| 0.39 | IINN | Inspira Technologies Oxy | PairCorr |
| 0.34 | LIDRW | AEye Inc | PairCorr |
| 0.86 | TWLO | Twilio Inc | PairCorr |
| 0.82 | HWM | Howmet Aerospace | PairCorr |
| 0.79 | BOH | Bank of Hawaii Fiscal Year End 27th of January 2025 | PairCorr |
| 0.79 | SEZL | Sezzle Common Stock | PairCorr |
Related Correlations Analysis
| 0.23 | -0.63 | 0.21 | -0.49 | AESC | ||
| 0.23 | 0.3 | -0.71 | 0.25 | RWEOY | ||
| -0.63 | 0.3 | -0.66 | 0.74 | IBDRY | ||
| 0.21 | -0.71 | -0.66 | -0.58 | EONGY | ||
| -0.49 | 0.25 | 0.74 | -0.58 | CDUAF | ||
| 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
|
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AESC | 1.14 | (0.12) | 0.00 | (0.28) | 0.00 | 2.19 | 5.69 | |||
| RWEOY | 1.02 | (0.18) | 0.00 | (0.75) | 0.00 | 2.27 | 7.79 | |||
| IBDRY | 0.84 | 0.02 | 0.00 | 0.06 | 0.00 | 1.53 | 8.10 | |||
| EONGY | 1.07 | 0.27 | 0.10 | (2.32) | 0.98 | 2.83 | 6.29 | |||
| CDUAF | 0.89 | 0.05 | (0.06) | (2.08) | 1.10 | 1.61 | 6.70 |
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.Did you try this?
Run Portfolio Diagnostics Now
Portfolio DiagnosticsUse generated alerts and portfolio events aggregator to diagnose current holdings |
| All Next | Launch Module |
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 |