McPhy Energy Correlations

M6P Stock

EUR 0.96 0.03 3.23%

The current 90-days correlation between McPhy Energy SA and PULSION Medical Systems is 0.09 (i.e., Significant diversification). The correlation of McPhy 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.

McPhy Energy Correlation With Market

Good diversification

The correlation between McPhy Energy SA and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding McPhy Energy SA and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to McPhy 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 McPhy 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 McPhy 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 McPhy Energy SA to buy it.

Moving together with McPhy Stock

0.72	ALD	Honeywell International	Pair Corr
0.81	3EC	Eaton PLC	Pair Corr
0.81	2IS	Trane Technologies plc	Pair Corr
0.75	KWE1	Ring Energy	Pair Corr

Moving against McPhy Stock

0.6	DBPE	Xtrackers LevDAX	Pair Corr
0.57	E908	Lyxor 1	Pair Corr
0.52	MMM	3M Company	Pair Corr

Related Correlations Analysis

	14D	PUS	1G3	4OQ1	SNF	CUG	AQA	COP
14D		0.61	0.36	0.6	0.47	0.0	0.29	0.38	14D
PUS	0.61		0.62	0.74	0.65	0.0	0.49	0.2	PUS
1G3	0.36	0.62		0.73	0.65	0.0	0.47	0.12	1G3
4OQ1	0.6	0.74	0.73		0.68	0.0	0.51	0.47	4OQ1
SNF	0.47	0.65	0.65	0.68		0.0	0.36	-0.05	SNF
CUG	0.0	0.0	0.0	0.0	0.0		0.0	0.0	CUG
AQA	0.29	0.49	0.47	0.51	0.36	0.0		0.09	AQA
COP	0.38	0.2	0.12	0.47	-0.05	0.0	0.09		COP
	14D	PUS	1G3	4OQ1	SNF	CUG	AQA	COP

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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

4OQ1	+ 0.74	PUS
4OQ1	+ 0.73	1G3
SNF	+ 0.68	4OQ1
SNF	+ 0.65	PUS
SNF	+ 0.65	1G3
1G3	+ 0.62	PUS

High negative correlations

COP	- 0.05	SNF
COP	- 0.0	CUG
AQA	- 0.0	CUG
CUG	- 0.0	SNF
CUG	- 0.0	4OQ1
CUG	- 0.0	1G3

Risk-Adjusted Indicators

There is a big difference between McPhy Stock performing well and McPhy 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 McPhy 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
14D	4.34	1.34	0.31	(5.39)	3.05	(7.53)	9.09	(6.02)	99.16
PUS	0.13	(0.01)	0.00	0.29	0.00	0.00	0.62	0.00	3.67
1G3	1.10	(0.01)	0.00	(0.09)	0.00	0.00	3.09	(2.04)	9.40
4OQ1	0.79	0.11	0.13	0.51	1.11	(0.83)	1.85	(2.01)	6.13
SNF	2.36	0.11	0.06	0.37	2.32	(3.34)	6.81	(4.55)	18.71
CUG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AQA	2.13	0.01	0.04	(0.10)	2.51	(2.57)	5.41	(3.94)	14.07
COP	1.64	0.60	0.31	62.03	1.26	(2.13)	2.94	(1.68)	33.81

Be your own money manager

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

Elected by the shareholders, the McPhy Energy's board of directors comprises two types of representatives: McPhy Energy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of McPhy. The board's role is to monitor McPhy Energy's management team and ensure that shareholders' interests are well served. McPhy Energy'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, McPhy Energy's outside directors are responsible for providing unbiased perspectives on the board's policies.

Laetitia Peyrat	G Sec	Profile
Alexandre Brunet	Chief Officer	Profile
Marco Luccioli	Chief Officer	Profile
JeanBaptiste Lucas	Chief Officer	Profile
Antoine Ressicaud	Chief Officer	Profile
Bertrand Amelot	Chief Officer	Profile

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