Shell PLC Correlations

SHEL Stock

USD 73.69 0.66 0.89%

The current 90-days correlation between Shell PLC ADR and TotalEnergies SE ADR is 0.7 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Shell PLC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Shell PLC ADR moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Shell PLC Correlation With Market

Average diversification

The correlation between Shell PLC ADR and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Shell PLC ADR and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Shell Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Shell PLC ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in median.

Moving together with Shell Stock

0.68	PBT	Permian Basin Royalty	Pair Corr
0.64	SBR	Sabine Royalty Trust	Pair Corr

Moving against Shell Stock

0.31	VTLE	Vital Energy	Pair Corr
0.37	MCS	McChip Resources	Pair Corr

Related Correlations Analysis

	TTE	CVX	IMO	COP	SU	EQNR	E	PBR	PBR-A	CVE
TTE		0.15	0.34	0.69	0.82	0.16	0.81	0.46	0.5	0.35	TTE
CVX	0.15		0.25	0.36	0.39	0.6	0.32	0.22	0.13	-0.05	CVX
IMO	0.34	0.25		-0.05	0.5	0.35	0.38	0.88	0.87	0.78	IMO
COP	0.69	0.36	-0.05		0.74	0.17	0.64	0.08	0.07	0.04	COP
SU	0.82	0.39	0.5	0.74		0.23	0.81	0.62	0.61	0.41	SU
EQNR	0.16	0.6	0.35	0.17	0.23		0.26	0.42	0.34	0.24	EQNR
E	0.81	0.32	0.38	0.64	0.81	0.26		0.49	0.51	0.3	E
PBR	0.46	0.22	0.88	0.08	0.62	0.42	0.49		0.98	0.78	PBR
PBR-A	0.5	0.13	0.87	0.07	0.61	0.34	0.51	0.98		0.78	PBR-A
CVE	0.35	-0.05	0.78	0.04	0.41	0.24	0.3	0.78	0.78		CVE
	TTE	CVX	IMO	COP	SU	EQNR	E	PBR	PBR-A	CVE

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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

PBR-A	+ 0.98	PBR
PBR	+ 0.88	IMO
PBR-A	+ 0.87	IMO
SU	+ 0.82	TTE
E	+ 0.81	TTE
E	+ 0.81	SU

High negative correlations

COP	- 0.05	IMO
CVE	- 0.05	CVX

Risk-Adjusted Indicators

There is a big difference between Shell Stock performing well and Shell PLC 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 Shell PLC'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
TTE	0.94	0.24	0.11	4.25	1.00	(1.10)	2.06	(1.17)	7.99
CVX	1.04	0.07	0.02	0.22	1.19	(1.15)	2.29	(1.86)	9.56
IMO	1.36	0.18	0.05	0.77	1.60	(1.38)	2.96	(2.21)	8.47
COP	1.50	0.18	0.07	0.52	1.44	(1.78)	3.61	(2.32)	7.88
SU	1.05	0.35	0.21	3.59	0.75	(1.19)	2.77	(1.62)	7.59
EQNR	1.22	0.17	0.02	(0.43)	1.34	(1.40)	2.86	(2.05)	8.31
E	0.94	0.09	0.02	0.32	1.23	(0.93)	2.04	(2.74)	6.47
PBR	1.11	0.19	0.04	(4.18)	1.40	(1.22)	2.93	(1.82)	11.62
PBR-A	1.17	0.16	0.03	(14.12)	1.63	(1.30)	3.18	(2.07)	10.67
CVE	1.55	0.12	0.00	32.61	1.89	(1.58)	3.67	(3.15)	8.79

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