Naturgy Energy Correlations

Pink Sheets . USA . 
Stock . Naturgy Energy Group
GASNY Stock  USD 4.66  0.02  0.43%   
The current 90-days correlation between Naturgy Energy Group and Hong Kong and is -0.03 (i.e., Good diversification). The correlation of Naturgy Energy 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Naturgy Energy Correlation With Market

Very good diversification

The correlation between Naturgy Energy Group and DJI is -0.25 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Naturgy Energy Group and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Naturgy Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Naturgy Energy 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 Naturgy Energy - 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 Naturgy Energy Group to buy it.

Moving together with Naturgy Pink Sheet

  0.7SNMRF Snam SpAPairCorr
  0.82SNMRY Snam SpA ADRPairCorr

Moving against Naturgy Pink Sheet

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Related Correlations Analysis

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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   
BIPC
+ 0.83
ATO
NFE
+ 0.81
UGIC
ATO
+ 0.72
NJR
BIPC
+ 0.69
NJR
BIPC
+ 0.05
HOKCY
  
High negative correlations   
ATO
- 0.81
UGIC
BIPC
- 0.77
UGIC
NFE
- 0.75
ATO
NFE
- 0.66
BIPC
NJR
- 0.54
UGIC
NFE
- 0.27
NJR

Risk-Adjusted Indicators

There is a big difference between Naturgy Pink Sheet performing well and Naturgy Energy 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 Naturgy Energy'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Naturgy Energy 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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Naturgy Energy Corporate Management

Steven FernndezDirector MarketsProfile
Abel ArbatHead RelationsProfile
Carlos MontalvoMarketing MangProfile
Enrique LopezPeople MangProfile
Jon ArroyabeControl PlanningProfile
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