Origin Energy Correlations

OGFGF Stock

USD 8.50 0.30 3.66%

The current 90-days correlation between Origin Energy Limited and Galp Energia SGPS is 0.14 (i.e., Average diversification). The correlation of Origin 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.

Origin Energy Correlation With Market

Very good diversification

The correlation between Origin Energy Limited and DJI is -0.37 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Origin Energy Limited and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Origin 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 Origin 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 Origin 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 Origin Energy Limited to buy it.

Moving together with Origin Pink Sheet

0.71

WRGL

Warrior Girl Corp

Pair Corr

Moving against Origin Pink Sheet

0.34	PSEC	Prospect Capital	Pair Corr
0.34	ISUZF	Isuzu Motors Limited	Pair Corr
0.32	NLY	Annaly Capital Management	Pair Corr
0.47	KEP	Korea Electric Power	Pair Corr
0.46	TOGOF	TomaGold	Pair Corr
0.46	CRWV	CoreWeave Class A	Pair Corr
0.43	CSWC	Capital Southwest	Pair Corr
0.43	PNC	PNC Financial Services	Pair Corr
0.43	DAWN	Day One Biopharmaceu Upward Rally	Pair Corr
0.4	KTOS	Kratos Defense Security	Pair Corr
0.31	RDW	Redwire Corp Aggressive Push	Pair Corr

Related Correlations Analysis

	GLPEF	SSLZY	STOSF	YZCAY	OMVJF	NATKY	PEXNY	TRMLF	AETUF	PTXLF
GLPEF		0.87	0.65	0.87	0.71	0.73	0.4	0.54	0.01	-0.73	GLPEF
SSLZY	0.87		0.8	0.89	0.87	0.84	0.31	0.69	0.13	-0.86	SSLZY
STOSF	0.65	0.8		0.74	0.84	0.74	0.2	0.58	0.07	-0.73	STOSF
YZCAY	0.87	0.89	0.74		0.88	0.82	0.46	0.44	-0.12	-0.84	YZCAY
OMVJF	0.71	0.87	0.84	0.88		0.8	0.34	0.48	-0.01	-0.86	OMVJF
NATKY	0.73	0.84	0.74	0.82	0.8		0.26	0.45	-0.06	-0.93	NATKY
PEXNY	0.4	0.31	0.2	0.46	0.34	0.26		-0.04	-0.35	-0.34	PEXNY
TRMLF	0.54	0.69	0.58	0.44	0.48	0.45	-0.04		0.66	-0.39	TRMLF
AETUF	0.01	0.13	0.07	-0.12	-0.01	-0.06	-0.35	0.66		0.12	AETUF
PTXLF	-0.73	-0.86	-0.73	-0.84	-0.86	-0.93	-0.34	-0.39	0.12		PTXLF
	GLPEF	SSLZY	STOSF	YZCAY	OMVJF	NATKY	PEXNY	TRMLF	AETUF	PTXLF

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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

YZCAY	+ 0.89	SSLZY
OMVJF	+ 0.88	YZCAY
SSLZY	+ 0.87	GLPEF
YZCAY	+ 0.87	GLPEF
OMVJF	+ 0.87	SSLZY
NATKY	+ 0.84	SSLZY

High negative correlations

PTXLF	- 0.93	NATKY
PTXLF	- 0.86	OMVJF
PTXLF	- 0.86	SSLZY
PTXLF	- 0.84	YZCAY
PTXLF	- 0.73	STOSF
PTXLF	- 0.73	GLPEF

Risk-Adjusted Indicators

There is a big difference between Origin Pink Sheet performing well and Origin 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 Origin 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
GLPEF	2.36	0.36	0.05	(0.17)	3.21	(3.56)	5.32	(5.85)	25.02
SSLZY	1.44	0.30	0.14	0.99	1.69	(1.56)	3.21	(3.09)	9.93
STOSF	3.83	0.48	0.07	1.04	4.81	(4.45)	9.73	(9.09)	37.09
YZCAY	1.94	0.51	0.19	(2.06)	1.72	(2.54)	4.93	(3.71)	12.55
OMVJF	0.55	0.26	0.00	(2.71)	0.00	0.00	0.91	0.00	8.09
NATKY	2.65	0.65	0.12	0.71	2.58	(4.63)	9.23	(6.90)	21.25
PEXNY	5.04	0.50	0.03	(0.90)	8.18	(7.43)	16.07	(11.11)	45.99
TRMLF	1.17	0.15	0.08	(0.82)	1.26	(1.36)	2.83	(2.22)	8.46
AETUF	1.74	0.16	0.04	(0.23)	2.54	(1.79)	3.00	(3.22)	14.45
PTXLF	0.57	(0.23)	0.00	0.66	0.00	0.00	0.00	(3.70)	6.59

Be your own money manager

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

Liam Barry	Group Relations	Profile
Kate Jordan	Risk Secretariat	Profile
FCPA BBus	Chief Officer	Profile
Anthony Lucas	Exec Technology	Profile
Sharon Ridgway	Executive General Manager - People and Culture	Profile
Andrew Thornton	Exec Gas	Profile
BEc FCA	CEO MD	Profile

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