Repsol SA Correlations
| REPYF Stock | USD 12.71 0.00 0.00% |
The current 90-days correlation between Repsol SA and Eni SpA is -0.03 (i.e., Good diversification). The correlation of Repsol SA 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.
Repsol SA Correlation With Market
Modest diversification
The correlation between Repsol SA and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Repsol SA and DJI in the same portfolio, assuming nothing else is changed.
Repsol |
The ability to find closely correlated positions to Repsol SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Repsol SA 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 Repsol SA - 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 Repsol SA to buy it.
Moving together with Repsol OTC Stock
| 0.72 | TTFNF | TotalEnergies SE | PairCorr |
| 0.74 | TTE | TotalEnergies SE ADR | PairCorr |
| 0.71 | PCCYF | PetroChina | PairCorr |
| 0.66 | EC | Ecopetrol SA ADR Sell-off Trend | PairCorr |
| 0.65 | PKX | POSCO Holdings | PairCorr |
| 0.77 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.68 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.7 | PFE | Pfizer Inc Aggressive Push | PairCorr |
Moving against Repsol OTC Stock
| 0.55 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.55 | PIFMY | Indofood Sukses Makmur | PairCorr |
| 0.5 | PTAIF | PT Astra International | PairCorr |
| 0.71 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.68 | PLTR | Palantir Technologies Aggressive Push | PairCorr |
| 0.65 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.64 | DIS | Walt Disney Sell-off Trend | PairCorr |
| 0.64 | WMT | Walmart Aggressive Push | PairCorr |
| 0.64 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.48 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
Related Correlations Analysis
| 0.12 | -0.01 | 0.07 | 0.09 | EIPAF | ||
| 0.12 | 0.54 | -0.38 | 0.68 | STOHF | ||
| -0.01 | 0.54 | -0.68 | 0.64 | TTFNF | ||
| 0.07 | -0.38 | -0.68 | -0.23 | REPYY | ||
| 0.09 | 0.68 | 0.64 | -0.23 | OMVKY | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Repsol OTC Stock performing well and Repsol SA OTC Stock 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 Repsol SA'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EIPAF | 1.01 | 0.05 | 0.00 | (0.07) | 0.00 | 4.24 | 16.39 | |||
| STOHF | 2.13 | (0.21) | 0.00 | (0.30) | 0.00 | 3.94 | 10.09 | |||
| TTFNF | 1.53 | (0.25) | 0.00 | (0.97) | 0.00 | 2.70 | 9.21 | |||
| REPYY | 1.43 | 0.23 | 0.04 | (0.82) | 1.53 | 2.56 | 9.78 | |||
| OMVKY | 0.94 | (0.14) | 0.00 | (1.69) | 0.00 | 1.83 | 6.10 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Repsol SA 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?
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