RWE Aktiengesellscha Correlations

RWNFF Stock

USD 53.42 1.26 2.42%

The current 90-days correlation between RWE Aktiengesellschaft and EON SE ADR is 0.15 (i.e., Average diversification). The correlation of RWE Aktiengesellscha 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.

RWE Aktiengesellscha Correlation With Market

Very good diversification

The correlation between RWE Aktiengesellschaft and DJI is -0.22 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding RWE Aktiengesellschaft and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with RWE Pink Sheet

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0.92	IBDRY	Iberdrola SA	Pair Corr
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0.89	ENLAY	ENEL Societa per	Pair Corr
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0.83	IRNRF	Iron Road Limited	Pair Corr
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0.61	CHDN	Churchill Downs	Pair Corr
0.74	AAPL	Apple Inc	Pair Corr
0.83	SMTGF	SMA Solar Technology	Pair Corr
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0.82	VKTX	Viking Therapeutics	Pair Corr
0.68	ULTHF	United Lithium Corp	Pair Corr
0.7	PYPD	PolyPid	Pair Corr

Moving against RWE Pink Sheet

0.76	CHHE	China Health Industries	Pair Corr
0.63	PVSP	Pervasip Corp	Pair Corr
0.54	EPGG	Empire Global Gaming	Pair Corr
0.41	FEERF	Freeport Resources Earnings Call This Week	Pair Corr

Related Correlations Analysis

	EONGY	SSEZY	SSEZF	ELEZY	ELEZF	ENAKF	GASNF	OEZVY	OEZVF	GASNY
EONGY		-0.76	-0.72	-0.58	-0.21	0.64	0.1	-0.34	0.62	-0.08	EONGY
SSEZY	-0.76		0.92	0.77	0.57	-0.67	-0.39	0.11	-0.88	0.02	SSEZY
SSEZF	-0.72	0.92		0.68	0.58	-0.58	-0.36	0.0	-0.8	-0.03	SSEZF
ELEZY	-0.58	0.77	0.68		0.33	-0.56	-0.25	0.4	-0.59	0.02	ELEZY
ELEZF	-0.21	0.57	0.58	0.33		-0.37	-0.75	-0.24	-0.75	-0.44	ELEZF
ENAKF	0.64	-0.67	-0.58	-0.56	-0.37		0.41	-0.2	0.72	0.09	ENAKF
GASNF	0.1	-0.39	-0.36	-0.25	-0.75	0.41		0.34	0.7	0.67	GASNF
OEZVY	-0.34	0.11	0.0	0.4	-0.24	-0.2	0.34		0.07	0.28	OEZVY
OEZVF	0.62	-0.88	-0.8	-0.59	-0.75	0.72	0.7	0.07		0.25	OEZVF
GASNY	-0.08	0.02	-0.03	0.02	-0.44	0.09	0.67	0.28	0.25		GASNY
	EONGY	SSEZY	SSEZF	ELEZY	ELEZF	ENAKF	GASNF	OEZVY	OEZVF	GASNY

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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

SSEZF	+ 0.92	SSEZY
ELEZY	+ 0.77	SSEZY
OEZVF	+ 0.72	ENAKF
OEZVF	+ 0.7	GASNF
ELEZY	+ 0.68	SSEZF
GASNY	+ 0.67	GASNF

High negative correlations

OEZVF	- 0.88	SSEZY
OEZVF	- 0.8	SSEZF
SSEZY	- 0.76	EONGY
OEZVF	- 0.75	ELEZF
GASNF	- 0.75	ELEZF
SSEZF	- 0.72	EONGY

Risk-Adjusted Indicators

There is a big difference between RWE Pink Sheet performing well and RWE Aktiengesellscha 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 RWE Aktiengesellscha'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
EONGY	0.87	0.00	(0.04)	0.08	1.28	(0.78)	1.73	(1.78)	6.90
SSEZY	1.26	0.34	0.29	0.59	0.79	(1.64)	2.06	(1.75)	18.59
SSEZF	2.19	0.55	0.06	(0.22)	2.69	(3.31)	5.74	(6.16)	31.12
ELEZY	1.13	0.22	0.13	0.69	1.08	(1.32)	2.28	(1.40)	6.82
ELEZF	0.51	0.23	0.00	0.74	0.00	0.00	0.00	0.00	14.35
ENAKF	1.08	(0.04)	0.00	(0.10)	0.00	0.00	4.30	(4.83)	15.35
GASNF	0.13	(0.03)	0.00	0.23	0.00	0.00	0.00	0.00	6.32
OEZVY	1.61	0.13	0.01	(0.88)	2.34	(3.66)	4.42	(6.22)	20.49
OEZVF	0.25	(0.13)	0.00	1.47	0.00	0.00	0.00	0.00	4.77
GASNY	1.07	0.05	(0.02)	(0.06)	1.95	(0.96)	1.65	(2.44)	7.52

Be your own money manager

Our tools can tell you how much better you can do entering a position in RWE Aktiengesellscha 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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RWE Aktiengesellscha Corporate Management

Joachim Lochte	Head Protection	Profile
Berend Holst	Head Tax	Profile
Stephanie Schunck	Head Affairs	Profile
Zvezdana Seeger	Chief Board	Profile
Joachim Haaf	Head Insurance	Profile
Stephan Muschick	Head Citizenship	Profile
Thomas Denny	Head Relations	Profile

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