Rubis Correlations

Summary

RUBSFDelisted Stock

USD 25.00 0.00 0.00%

The current 90-days correlation between Rubis and DCC PLC ADR is -0.02 (i.e., Good diversification). The correlation of Rubis 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.

Rubis Correlation With Market

Good diversification

The correlation between Rubis and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rubis and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Rubis Pink Sheet

0.62	MBFJF	Mitsubishi UFJ Financial Earnings Call This Week	Pair Corr
0.48	CTXAF	Ampol Limited	Pair Corr
0.46	MUFG	Mitsubishi UFJ Financial Earnings Call This Week	Pair Corr
0.41	SMFNF	Sumitomo Mitsui Financial Normal Trading	Pair Corr
0.41	MFG	Mizuho Financial	Pair Corr
0.33	SMFG	Sumitomo Mitsui Financial	Pair Corr
0.77	JPHLF	Japan Post Holdings	Pair Corr
0.74	OAKC	Oakworth Capital	Pair Corr
0.67	NBIS	Nebius Group NV Symbol Change	Pair Corr
0.58	RUM	Rumble Inc	Pair Corr
0.58	ARM	Arm Holdings plc Buyout Trend	Pair Corr
0.52	CAH	Cardinal Health	Pair Corr
0.49	ACHR	Archer Aviation	Pair Corr
0.45	APTV	Aptiv PLC	Pair Corr
0.41	TSLA	Tesla Inc	Pair Corr
0.37	ASAN	Asana Inc Sell-off Trend	Pair Corr
0.36	TVC	Tennessee Valley Aut	Pair Corr
0.8	NVMI	Nova	Pair Corr
0.62	NDEKY	Nitto Denko Corp	Pair Corr
0.61	RDW	Redwire Corp Buyout Trend	Pair Corr
0.58	AVGO	Broadcom	Pair Corr

Related Correlations Analysis

	DCCPY	UGP	SUN	DINO	DKL	PSX	VLO	CVI	CAPL	MPC
DCCPY		-0.53	0.31	-0.49	0.84	-0.31	0.19	0.31	0.7	0.0	DCCPY
UGP	-0.53		-0.24	0.81	-0.77	0.56	0.34	-0.08	-0.79	0.49	UGP
SUN	0.31	-0.24		0.13	0.4	0.48	0.59	0.24	0.27	0.49	SUN
DINO	-0.49	0.81	0.13		-0.65	0.88	0.61	0.17	-0.77	0.76	DINO
DKL	0.84	-0.77	0.4	-0.65		-0.39	0.11	0.25	0.79	-0.11	DKL
PSX	-0.31	0.56	0.48	0.88	-0.39		0.79	0.16	-0.58	0.9	PSX
VLO	0.19	0.34	0.59	0.61	0.11	0.79		0.25	-0.25	0.95	VLO
CVI	0.31	-0.08	0.24	0.17	0.25	0.16	0.25		0.26	0.23	CVI
CAPL	0.7	-0.79	0.27	-0.77	0.79	-0.58	-0.25	0.26		-0.43	CAPL
MPC	0.0	0.49	0.49	0.76	-0.11	0.9	0.95	0.23	-0.43		MPC
	DCCPY	UGP	SUN	DINO	DKL	PSX	VLO	CVI	CAPL	MPC

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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

MPC	+ 0.95	VLO
MPC	+ 0.9	PSX
PSX	+ 0.88	DINO
DKL	+ 0.84	DCCPY
DINO	+ 0.81	UGP
CAPL	+ 0.79	DKL

High negative correlations

CAPL	- 0.79	UGP
CAPL	- 0.77	DINO
DKL	- 0.77	UGP
DKL	- 0.65	DINO
CAPL	- 0.58	PSX
UGP	- 0.53	DCCPY

Risk-Adjusted Indicators

There is a big difference between Rubis Pink Sheet performing well and Rubis 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 Rubis' 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
DCCPY	1.89	0.76	0.00	(1.38)	0.00	0.00	0.90	(0.95)	59.89
UGP	2.20	(0.37)	0.00	(0.56)	0.00	0.00	4.81	(5.87)	11.97
SUN	0.96	0.15	0.05	1.01	1.24	(0.91)	2.47	(2.07)	7.24
DINO	1.47	(0.26)	0.00	(0.43)	0.00	0.00	2.85	(2.97)	10.71
DKL	0.79	0.21	0.16	1.34	0.58	(0.92)	1.86	(1.24)	4.78
PSX	1.15	(0.12)	0.00	(0.17)	0.00	0.00	1.80	(3.43)	10.22
VLO	1.33	0.05	(0.01)	0.28	1.63	(1.34)	2.87	(2.71)	8.22
CVI	2.40	(0.26)	0.00	(0.43)	0.00	0.00	4.26	(4.73)	24.48
CAPL	1.07	0.16	0.04	(0.71)	1.10	(1.16)	2.70	(2.03)	6.68
MPC	1.28	(0.06)	0.00	(0.03)	0.00	0.00	3.15	(3.27)	8.87

Rubis Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Rubis pink sheet to make a market-neutral strategy. Peer analysis of Rubis could also be used in its relative valuation, which is a method of valuing Rubis by comparing valuation metrics with similar companies.

DCC PLC ADR Ultrapar Participacoes SA Sunoco LP HF Sinclair Corp Delek Logistics Partners Phillips 66 Valero Energy CVR Energy Crossamerica Partners LP Marathon Petroleum Corp PBF Energy American Airlines Group Alcoa Corp Apple Inc Best Buy Co

Risk & Return

Correlation

Rubis Corporate Management

Luc Jorissen	Chief BV	Profile
Arnaud Havard	Chief Portugal	Profile
Gilles Gobin	Managing Partner	Profile
Bruno Hayem	Chief Terminal	Profile
Jacques Riou	Managing Mang	Profile

Still Interested in Rubis?

Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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