Rolls Royce Correlations

RYCEF Stock

USD 6.77 0.02 0.29%

The current 90-days correlation between Rolls Royce Holdings and Rolls Royce Holdings plc is -0.2 (i.e., Good diversification). The correlation of Rolls Royce 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.

Rolls Royce Correlation With Market

Very weak diversification

The correlation between Rolls Royce Holdings PLC and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rolls Royce Holdings PLC and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Rolls Pink Sheet

0.75	TDG	Transdigm Group	Pair Corr
0.69	SAFRY	Safran SA	Pair Corr
0.63	SSNLF	Samsung Electronics	Pair Corr
0.67	PTAIF	PT Astra International	Pair Corr
0.68	NVDA	NVIDIA	Pair Corr
0.61	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.64	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.66	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.65	HD	Home Depot	Pair Corr

Moving against Rolls Pink Sheet

0.4	BKRKF	PT Bank Rakyat	Pair Corr
0.36	PPERF	Bank Mandiri Persero	Pair Corr
0.34	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.56	PG	Procter Gamble	Pair Corr
0.43	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.31	JNJ	Johnson Johnson Sell-off Trend	Pair Corr

Related Correlations Analysis

	RLLCF	VTSI	BWXT	ERJ	RYCEY	EVEX	SMBMF	HEI-A	EADSF	EADSY
RLLCF		-0.64	-0.52	-0.41	-0.19	-0.09	-0.16	-0.34	-0.24	-0.21	RLLCF
VTSI	-0.64		0.59	0.76	0.04	0.33	-0.03	0.64	0.11	0.01	VTSI
BWXT	-0.52	0.59		0.43	0.64	0.64	0.57	0.3	0.0	0.22	BWXT
ERJ	-0.41	0.76	0.43		-0.01	0.28	-0.03	0.58	-0.05	-0.11	ERJ
RYCEY	-0.19	0.04	0.64	-0.01		0.48	0.78	0.06	0.1	0.51	RYCEY
EVEX	-0.09	0.33	0.64	0.28	0.48		0.51	0.21	-0.35	-0.04	EVEX
SMBMF	-0.16	-0.03	0.57	-0.03	0.78	0.51		0.17	-0.21	0.05	SMBMF
HEI-A	-0.34	0.64	0.3	0.58	0.06	0.21	0.17		-0.19	-0.35	HEI-A
EADSF	-0.24	0.11	0.0	-0.05	0.1	-0.35	-0.21	-0.19		0.61	EADSF
EADSY	-0.21	0.01	0.22	-0.11	0.51	-0.04	0.05	-0.35	0.61		EADSY
	RLLCF	VTSI	BWXT	ERJ	RYCEY	EVEX	SMBMF	HEI-A	EADSF	EADSY

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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

SMBMF	+ 0.78	RYCEY
ERJ	+ 0.76	VTSI
HEI-A	+ 0.64	VTSI
RYCEY	+ 0.64	BWXT
EVEX	+ 0.64	BWXT
EADSY	+ 0.61	EADSF

High negative correlations

VTSI	- 0.64	RLLCF
BWXT	- 0.52	RLLCF
ERJ	- 0.41	RLLCF
EADSY	- 0.35	HEI-A
EADSF	- 0.35	EVEX
HEI-A	- 0.34	RLLCF

Risk-Adjusted Indicators

There is a big difference between Rolls Pink Sheet performing well and Rolls Royce 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 Rolls Royce'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
RLLCF	2.90	0.15	0.00	0.02	0.00	0.00	5.88	(5.56)	16.93
VTSI	2.50	0.16	0.08	0.20	3.16	(2.75)	4.99	(4.73)	32.77
BWXT	1.34	0.32	0.18	0.52	1.31	(1.57)	3.48	(2.47)	7.85
ERJ	1.98	0.15	0.08	0.25	1.87	(2.55)	4.31	(3.27)	11.70
RYCEY	1.35	0.14	(0.02)	(0.14)	1.79	(1.47)	2.49	(3.20)	10.31
EVEX	2.65	0.49	0.20	0.35	2.57	(3.15)	7.84	(4.21)	15.48
SMBMF	4.36	0.87	0.07	(1.38)	5.17	(8.13)	13.14	(11.76)	42.12
HEI-A	1.06	0.18	0.00	(0.27)	1.19	(1.13)	2.40	(2.08)	5.63
EADSF	1.67	(0.12)	0.00	8.58	0.00	0.00	3.46	(4.00)	9.41
EADSY	1.22	(0.12)	0.00	1.33	0.00	0.00	2.97	(3.16)	7.38

Be your own money manager

Our tools can tell you how much better you can do entering a position in Rolls Royce 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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Rolls Royce Corporate Management

Grazia Vittadini	Chief Officer	Profile
Sarah Armstrong	Chief Officer	Profile
David CBE	CEO Director	Profile
Edward Pease	VP America	Profile
Panos Kakoullis	CFO Director	Profile
Mark Gregory	General Counsel	Profile
Richard Wray	Director Brand	Profile

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