Rubis Correlations
| RUBSFDelisted Stock | USD 25.00 0.00 0.00% |
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
Excellent diversification
The correlation between Rubis and DJI is -0.62 (i.e., Excellent 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.
Rubis |
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 together with Rubis Pink Sheet
| 0.62 | NTOIF | Neste Oyj | PairCorr |
| 0.62 | NTOIY | Neste Oyj | PairCorr |
| 0.68 | BCH | Banco De Chile | PairCorr |
| 0.76 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
| 0.83 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
Moving against Rubis Pink Sheet
| 0.83 | FNMFO | Federal National Mortgage Trending | PairCorr |
| 0.83 | OPFI | OppFi Inc Downward Rally | PairCorr |
| 0.55 | CIB | Bancolombia SA ADR | PairCorr |
| 0.53 | AVAL | Grupo Aval | PairCorr |
| 0.49 | VLO | Valero Energy Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.49 | MET | MetLife | PairCorr |
| 0.48 | CTXAF | Ampol Limited | PairCorr |
| 0.44 | KB | KB Financial Group | PairCorr |
| 0.43 | SUN | Sunoco LP | PairCorr |
| 0.89 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.89 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.88 | FTNT | Fortinet | PairCorr |
| 0.81 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.8 | DIS | Walt Disney Aggressive Push | PairCorr |
| 0.78 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.72 | WMT | Walmart Aggressive Push | PairCorr |
| 0.65 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.54 | HPQ | HP Inc | PairCorr |
| 0.41 | XOM | Exxon Mobil Corp Sell-off Trend | PairCorr |
| 0.35 | JXN-PA | Jackson Financial | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 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 | 0.06 | 0.01 | 0.00 | 0.44 | 0.00 | 0.00 | 1.90 | |||
| UGP | 1.85 | (0.57) | 0.00 | (0.56) | 0.00 | 3.15 | 11.56 | |||
| SUN | 1.01 | 0.01 | (0.04) | 0.14 | 1.03 | 2.68 | 5.65 | |||
| DINO | 1.52 | (0.31) | 0.00 | (0.14) | 0.00 | 2.75 | 11.79 | |||
| DKL | 1.09 | 0.11 | (0.02) | (0.19) | 2.30 | 2.84 | 16.59 | |||
| PSX | 1.13 | (0.09) | (0.06) | 0.02 | 1.68 | 1.83 | 7.77 | |||
| VLO | 1.40 | (0.09) | (0.06) | 0.00 | 1.96 | 2.87 | 11.46 | |||
| CVI | 2.58 | (0.46) | 0.00 | (0.14) | 0.00 | 3.99 | 28.93 | |||
| CAPL | 1.12 | 0.10 | 0.02 | 0.48 | 1.12 | 3.11 | 6.12 | |||
| MPC | 1.34 | (0.18) | 0.00 | (0.17) | 0.00 | 3.19 | 13.39 |
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.
| 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.