Euronav NV Correlations

OCW Stock

EUR 10.16 0.38 3.61%

The current 90-days correlation between Euronav NV and The City of is -0.05 (i.e., Good diversification). The correlation of Euronav NV 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.

Euronav NV Correlation With Market

Very weak diversification

The correlation between Euronav NV and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Euronav NV and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Euronav NV could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Euronav NV 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 Euronav NV - 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 Euronav NV to buy it.

Moving together with Euronav Stock

0.7	WA9	Wabash National	Pair Corr
0.69	NVE	NVR Inc	Pair Corr
0.75	S0V	Seaboard Earnings Call This Week	Pair Corr
0.73	4HF	Hoist Finance AB	Pair Corr
0.77	AM8	AMAG Austria Metall	Pair Corr
0.8	WWR	Woolworths Group	Pair Corr
0.83	IHF	Safestore Holdings plc	Pair Corr
0.83	ENI	Eni SpA	Pair Corr
0.75	H3M	Hochschild Mining plc	Pair Corr
0.66	ARW	Arrow Electronics	Pair Corr
0.61	3RB	Reckitt Benckiser Split	Pair Corr
0.73	1NX	SANOK RUBBER ZY	Pair Corr
0.81	QIA	QIAGEN NV Split	Pair Corr
0.76	SSU	Samsung Electronics	Pair Corr
0.81	RWE	RWE AG	Pair Corr
0.66	LUS1	Lang Schwarz Aktieng	Pair Corr
0.75	GJ9	SLC Agricola SA Split	Pair Corr
0.69	UEO	Westlake Chemical	Pair Corr
0.84	2X0	Corteva	Pair Corr
0.73	6HS	Horseshoe Metals	Pair Corr
0.73	GCB	PTT Global Chemical Earnings Call This Week	Pair Corr
0.82	GZF	Engie SA	Pair Corr
0.65	NEF	NESTE OIL	Pair Corr
0.76	4OQ1	AGNC Investment Corp	Pair Corr
0.71	943	FREY EO 250	Pair Corr

Moving against Euronav Stock

0.61	LSPP	Chocoladefabriken Lindt	Pair Corr
0.57	14D	tokentus investment	Pair Corr
0.49	BRH	Berkshire Hathaway	Pair Corr
0.48	BDD	CONICO LTD Split	Pair Corr
0.47	DBPD	Xtrackers ShortDAX	Pair Corr

Related Correlations Analysis

	GE9	CLN	14D	NCL	UF0	KK2	IUB	MSI	V5F1	HKT
GE9		0.56	-0.55	0.59	0.67	0.67	0.64	0.47	0.43	0.55	GE9
CLN	0.56		-0.65	0.86	0.74	0.57	0.86	0.92	0.79	0.82	CLN
14D	-0.55	-0.65		-0.58	-0.66	-0.53	-0.63	-0.67	-0.71	-0.62	14D
NCL	0.59	0.86	-0.58		0.72	0.4	0.91	0.79	0.65	0.83	NCL
UF0	0.67	0.74	-0.66	0.72		0.57	0.72	0.76	0.68	0.84	UF0
KK2	0.67	0.57	-0.53	0.4	0.57		0.42	0.61	0.59	0.53	KK2
IUB	0.64	0.86	-0.63	0.91	0.72	0.42		0.75	0.59	0.76	IUB
MSI	0.47	0.92	-0.67	0.79	0.76	0.61	0.75		0.89	0.85	MSI
V5F1	0.43	0.79	-0.71	0.65	0.68	0.59	0.59	0.89		0.79	V5F1
HKT	0.55	0.82	-0.62	0.83	0.84	0.53	0.76	0.85	0.79		HKT
	GE9	CLN	14D	NCL	UF0	KK2	IUB	MSI	V5F1	HKT

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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

MSI	+ 0.92	CLN
IUB	+ 0.91	NCL
V5F1	+ 0.89	MSI
NCL	+ 0.86	CLN
IUB	+ 0.86	CLN
HKT	+ 0.85	MSI

High negative correlations

V5F1	- 0.71	14D
MSI	- 0.67	14D
UF0	- 0.66	14D
14D	- 0.65	CLN
IUB	- 0.63	14D
HKT	- 0.62	14D

Risk-Adjusted Indicators

There is a big difference between Euronav Stock performing well and Euronav NV 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 Euronav NV'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
GE9	1.61	0.08	0.01	0.34	1.91	(1.62)	4.48	(3.42)	9.60
CLN	1.02	0.14	0.05	0.63	1.20	(1.16)	2.68	(2.21)	6.98
14D	3.08	(0.50)	0.00	(0.06)	0.00	0.00	5.21	(8.26)	56.92
NCL	2.41	0.37	0.10	2.00	2.78	(2.89)	4.95	(4.72)	21.46
UF0	0.97	0.13	0.06	0.56	0.96	(1.13)	2.49	(1.60)	5.45
KK2	2.41	0.65	0.17	(1.24)	2.38	(3.08)	8.57	(4.92)	25.19
IUB	2.44	0.84	0.00	(1.61)	0.00	0.00	1.75	(1.69)	46.72
MSI	0.73	0.25	0.12	0.93	0.13	(1.78)	1.96	(0.97)	6.46
V5F1	3.33	0.60	0.13	1.79	3.37	(4.30)	10.32	(6.32)	20.24
HKT	1.11	0.18	0.06	0.56	1.11	(1.81)	2.82	(2.78)	7.09

Be your own money manager

Our tools can tell you how much better you can do entering a position in Euronav NV 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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Euronav NV Corporate Management

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

Lieve Logghe	CFO Board	Profile
Joris Daman	Head Relations	Profile
Egied Verbeeck	G Board	Profile
Benoit Timmermans	Chief Board	Profile
Brian Gallagher	Research Relations	Profile
Sofie Lemlijn	Senior General	Profile

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