Repsol SA Correlations

REPYF Stock

USD 17.81 0.00 0.00%

The current 90-days correlation between Repsol SA and Inpex is 0.01 (i.e., Significant 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

Significant diversification

The correlation between Repsol SA and DJI is 0.08 (i.e., Significant 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.

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

0.67	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr
0.61	SHEL	Shell PLC ADR Sell-off Trend	Pair Corr
0.71	TTFNF	TotalEnergies SE	Pair Corr
0.69	TTE	TotalEnergies SE ADR	Pair Corr
0.73	PCCYF	PetroChina	Pair Corr
0.77	LSBK	Lake Shore Bancorp	Pair Corr
0.69	FUSB	First Bancshares	Pair Corr
0.66	CUTLF	Canadian Utilities	Pair Corr

Moving against Repsol OTC Stock

0.66	VTMLF	Venture Minerals	Pair Corr
0.6	ICCT	iCoreConnect Common stock	Pair Corr
0.6	BLSTF	Blackstone Minerals	Pair Corr
0.51	BCEKF	Bear Creek Mining	Pair Corr

Related Correlations Analysis

	IPXHF	OMVJF	IPXHY	TNRSF	GLPEF	PTXLF	PSKOF	OGFGF	OGFGY	TRMLF
IPXHF		0.48	0.63	0.17	-0.45	0.0	0.52	-0.5	-0.49	0.64	IPXHF
OMVJF	0.48		0.44	0.32	-0.38	0.0	0.28	-0.04	-0.17	0.4	OMVJF
IPXHY	0.63	0.44		0.66	-0.23	0.0	0.86	-0.75	-0.83	0.7	IPXHY
TNRSF	0.17	0.32	0.66		0.15	0.0	0.73	-0.4	-0.54	0.32	TNRSF
GLPEF	-0.45	-0.38	-0.23	0.15		0.0	-0.13	0.17	0.28	-0.26	GLPEF
PTXLF	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	PTXLF
PSKOF	0.52	0.28	0.86	0.73	-0.13	0.0		-0.65	-0.72	0.5	PSKOF
OGFGF	-0.5	-0.04	-0.75	-0.4	0.17	0.0	-0.65		0.87	-0.46	OGFGF
OGFGY	-0.49	-0.17	-0.83	-0.54	0.28	0.0	-0.72	0.87		-0.51	OGFGY
TRMLF	0.64	0.4	0.7	0.32	-0.26	0.0	0.5	-0.46	-0.51		TRMLF
	IPXHF	OMVJF	IPXHY	TNRSF	GLPEF	PTXLF	PSKOF	OGFGF	OGFGY	TRMLF

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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

OGFGY	+ 0.87	OGFGF
PSKOF	+ 0.86	IPXHY
PSKOF	+ 0.73	TNRSF
TRMLF	+ 0.7	IPXHY
TNRSF	+ 0.66	IPXHY
TRMLF	+ 0.64	IPXHF

High negative correlations

OGFGY	- 0.83	IPXHY
OGFGF	- 0.75	IPXHY
OGFGY	- 0.72	PSKOF
OGFGF	- 0.65	PSKOF
OGFGY	- 0.54	TNRSF
TRMLF	- 0.51	OGFGY

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
IPXHF	0.79	0.19	0.00	(0.07)	0.00	0.00	0.00	0.00	25.30
OMVJF	0.39	0.00	(0.03)	0.08	0.62	(2.52)	1.34	(1.41)	6.54
IPXHY	1.28	0.13	0.04	0.59	1.64	(1.36)	2.67	(2.17)	8.11
TNRSF	0.90	0.16	0.00	(9.71)	0.00	0.00	3.18	(3.24)	22.06
GLPEF	2.38	(0.11)	0.00	11.96	0.00	0.00	7.31	(8.29)	27.60
PTXLF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PSKOF	0.51	0.21	0.00	1.18	0.00	0.00	0.00	0.00	17.79
OGFGF	0.45	(0.14)	0.00	(0.31)	0.00	0.00	0.00	0.00	11.55
OGFGY	0.66	(0.19)	0.00	(0.77)	0.00	0.00	0.72	(2.47)	9.14
TRMLF	1.35	0.00	(0.04)	(0.01)	1.75	(1.32)	2.56	(2.77)	5.99

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.

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