Glencore Plc Correlations
| GLENN Stock | MXN 89.89 0.00 0.00% |
The current 90-days correlation between Glencore plc and Cleveland Cliffs is -0.1 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Glencore Plc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Glencore plc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Glencore Plc Correlation With Market
Good diversification
The correlation between Glencore plc and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Glencore plc and DJI in the same portfolio, assuming nothing else is changed.
Glencore |
The ability to find closely correlated positions to Glencore Plc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Glencore Plc 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 Glencore Plc - 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 Glencore plc to buy it.
Moving together with Glencore Stock
| 0.62 | MFRISCOA-1 | Minera Frisco SAB | PairCorr |
Moving against Glencore Stock
Related Correlations Analysis
Please specify at least 3 valid symbols having historical data to build a meaningful correlation cloud. You can use symbol search above to locate your securities.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Glencore Plc 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 Performance Analysis Now
Performance AnalysisCheck effects of mean-variance optimization against your current asset allocation |
| All Next | Launch Module |
Glencore Plc Corporate Management
Elected by the shareholders, the Glencore Plc's board of directors comprises two types of representatives: Glencore Plc inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Glencore. The board's role is to monitor Glencore Plc's management team and ensure that shareholders' interests are well served. Glencore Plc's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Glencore Plc's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Martin Fewings | Head Communications | Profile | |
| Shaun Teichner | G Counsel | Profile | |
| Gary Nagle | CEO Director | Profile | |
| Peter Freyberg | Head Assets | Profile | |
| Dawid Myburgh | Chief Geologist | Profile | |
| Shaun CA | Head Devel | Profile | |
| Japie Fullard | Head Assets | Profile |