Shell PLC Correlations

Stocks . USA . 
Stock . Shell PLC ADR
SHEL Stock  USD 81.19  1.09  1.32%   
The current 90-days correlation between Shell PLC ADR and TotalEnergies SE ADR is 0.76 (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

Very weak diversification

The correlation between Shell PLC ADR and DJI is 0.45 (i.e., Very weak 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 housing.

Moving together with Shell Stock

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  0.83RBY Rubellite EnergyPairCorr
  0.85DMLP Dorchester Minerals Earnings Call TodayPairCorr
  0.77QEM QEMPairCorr
  0.88SDE Spartan Delta CorpPairCorr
  0.8VIST Vista Oil Gas Earnings Call TodayPairCorr
  0.751PZ Panoro Energy ASAPairCorr
  0.83SEPL Seplat Petroleum Dev Earnings Call This WeekPairCorr
  0.686BW BW ENERGY LTDPairCorr
  0.84VNOM Viper Energy UtPairCorr
  0.8EFXT Enerflex Upward RallyPairCorr
  0.86OBE Obsidian EnergyPairCorr
  0.7341Z0 SURGE ENERGY INC Earnings Call This WeekPairCorr
  0.81PXK Peyto ExplorationPairCorr

Moving against Shell Stock

  0.87INDI Indus Gas LimitedPairCorr
  0.67JGH Jade Gas HoldingsPairCorr
  0.64AXP AXP EnergyPairCorr
  0.56LGN Logan Energy CorpPairCorr
  0.5KKO Kinetiko EnergyPairCorr
  0.42KEY KEY Petroleum Earnings Call This WeekPairCorr
  0.36VIVK VivakorPairCorr
  0.8SHE Stonehorse EnergyPairCorr
  0.57ERHE ERHC EnergyPairCorr

Related Correlations Analysis


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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
TTE  1.06  0.34  0.18  5.38  1.07 
(1.22)
 3.10 
(2.15)
 7.47 
CVX  1.04  0.29  0.16  1.41  0.99 
(1.18)
 2.31 
(1.63)
 9.56 
IMO  1.65  0.27  0.06 (0.60) 1.82 
(1.69)
 3.84 
(2.73)
 8.06 
COP  1.59  0.31  0.16  0.69  1.45 
(1.90)
 3.60 
(2.72)
 7.89 
SU  1.12  0.34  0.19  41.96  0.91 
(1.29)
 2.44 
(1.80)
 5.08 
EQNR  1.50  0.36  0.16  2.69  1.39 
(1.71)
 3.40 
(3.36)
 7.93 
E  1.04  0.24  0.12  0.87  1.14 
(1.13)
 2.04 
(2.26)
 6.47 
PBR  1.34  0.45  0.19 (2.08) 1.32 
(1.60)
 3.62 
(2.02)
 8.96 
PBR-A  1.36  0.40  0.15 (2.65) 1.59 
(1.56)
 3.19 
(2.07)
 8.35 
CVE  1.86  0.28  0.10  0.92  1.95 
(2.11)
 4.31 
(3.24)
 9.18 

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