Engie SA Correlations

Pink Sheets USA . 
Stock . Engie SA
ENGQF Stock  USD 29.53  0.49  1.69%   
The current 90-days correlation between Engie SA and EON SE is -0.12 (i.e., Good 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

Poor diversification

The correlation between Engie SA and DJI is 0.72 (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

  0.9IBDSF Iberdrola SAPairCorr
  0.91IBDRY Iberdrola SAPairCorr
  0.83ESOCF Enel SpAPairCorr
  0.86ENLAY ENEL Societa perPairCorr
  0.63PPERY Bank Mandiri PerseroPairCorr
  0.64PPERF Bank Mandiri PerseroPairCorr
  0.78KB KB Financial GroupPairCorr
  0.71SHG Shinhan FinancialPairCorr
  0.72WF Woori Financial GroupPairCorr
  0.79SFST Southern First BancsharesPairCorr
  0.72NXST Nexstar BroadcastingPairCorr
  0.81JNJ Johnson JohnsonPairCorr
  0.91MGPUF MG PlcPairCorr
  0.62ACLS Axcelis TechnologiesPairCorr
  0.61NONOF Novo Nordisk ASPairCorr
  0.74FTCI FTC SolarPairCorr
  0.81UBSI United BanksharesPairCorr
  0.66SEBC Southeastern Banking CorpPairCorr
  0.7RTO Rentokil Initial PLCPairCorr
  0.65RYCEY Rolls Royce HoldingsPairCorr
  0.72TSGZF Tristar GoldPairCorr
  0.92NEXOY Nexon CoPairCorr
  0.84AEM Agnico Eagle MinesPairCorr

Moving against Engie Pink Sheet

  0.77PBCRY Bank Central AsiaPairCorr
  0.57SRE Sempra EnergyPairCorr
  0.48PPWLM PacifiCorpPairCorr
  0.31PBCRF PT Bank CentralPairCorr
  0.62GRLF Green Leaf InnovationsPairCorr
  0.33CNHC China Health ManagementPairCorr

Related Correlations Analysis


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
+ 0.98
RWEOY
SSEZY
+ 0.86
RWEOY
SSEZF
+ 0.86
SSEZY
SSEZY
+ 0.84
RWNFF
EONGY
+ 0.8
ENAKF
SSEZF
+ 0.75
RWNFF
  

High negative correlations

ELCPF
- 0.61
SSEZY
ELCPF
- 0.45
SSEZF
ELCPF
- 0.33
ELEZY
EDPFY
- 0.28
ELEZY
ELCPF
- 0.28
RWEOY
ELCPF
- 0.27
RWNFF

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
ENAKF  1.83  0.16  0.01 (1.29) 2.57 
(4.18)
 5.67 
(6.80)
 21.06 
EONGY  0.93  0.10  0.03  0.62  1.18 
(0.91)
 1.88 
(1.78)
 6.90 
RWEOY  1.07  0.38  0.33  0.89  0.67 
(1.31)
 2.39 
(1.51)
 11.95 
RWNFF  1.45  0.43  0.19 (4.34) 1.43 
(1.64)
 3.48 
(2.52)
 10.58 
SSEZY  1.28  0.34  0.28  0.50  0.83 
(1.60)
 2.14 
(1.75)
 18.59 
SSEZF  2.26  0.59  0.06 (0.19) 2.79 
(3.53)
 6.56 
(6.38)
 31.16 
ELEZY  0.93  0.14  0.07  0.54  1.12 
(1.07)
 2.01 
(2.06)
 6.53 
ELCPF  0.97 (0.08) 0.00  1.08  0.00 
 0.00 
 3.46 
(3.61)
 17.66 
EDPFY  0.96 (0.03) 0.00 (0.09) 0.00 
 0.00 
 2.02 
(2.37)
 7.65 
CHUEF  5.01  0.18  0.02  0.31  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 SinghalInvestor DirectorProfile
Sbastien ArbolaEx SupplyProfile
Maxime ChteletTrade FundingProfile
Catherine MacGregorCEO DirectorProfile
PierreFrancois RiolacciCorp FinProfile
Martin LestangManaging MetierProfile
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