Shell PLC Correlations

Stocks . USA . 
Stock . Shell PLC ADR
SHEL Stock  USD 79.78  0.14  0.18%   
The current 90-days correlation between Shell PLC ADR and TotalEnergies SE ADR is 0.77 (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

Weak diversification

The correlation between Shell PLC ADR and DJI is 0.38 (i.e., 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

  0.69JP9 Japan Petroleum ExplPairCorr
  0.85PR Permian Resources Earnings Call This WeekPairCorr
  0.86SD SandRidge EnergyPairCorr
  0.79SM SM Energy Earnings Call This WeekPairCorr
  0.75VG Venture GlobalPairCorr
  0.81RBY Rubellite EnergyPairCorr
  0.83DMLP Dorchester Minerals Earnings Call This WeekPairCorr
  0.67QEM QEMPairCorr
  0.82SDE Spartan Delta Corp Earnings Call This WeekPairCorr
  0.78VIST Vista Oil Gas Earnings Call This WeekPairCorr
  0.661PZ Panoro Energy ASA Earnings Call This WeekPairCorr
  0.76SEPL Seplat Petroleum DevPairCorr
  0.77VNOM Viper Energy Ut Earnings Call This WeekPairCorr
  0.68EFXT Enerflex Earnings Call This WeekPairCorr
  0.86OBE Obsidian EnergyPairCorr
  0.741Z0 SURGE ENERGY INCPairCorr
  0.75PXK Peyto ExplorationPairCorr

Moving against Shell Stock

  0.77INDI Indus Gas LimitedPairCorr
  0.61JGH Jade Gas HoldingsPairCorr
  0.56LGN Logan Energy CorpPairCorr
  0.55AXP AXP EnergyPairCorr
  0.31EP Empire Petroleum CorpPairCorr
  0.76SHE Stonehorse EnergyPairCorr
  0.48ERHE ERHC EnergyPairCorr
  0.4EW East West Petroleum Earnings Call This WeekPairCorr
  0.37KKO Kinetiko 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  1.08  0.28  0.16  4.32  1.10 
(1.23)
 3.10 
(2.15)
 7.47 
CVX  1.07  0.24  0.15  0.84  1.07 
(1.20)
 2.31 
(1.77)
 9.56 
IMO  1.61  0.28  0.12  0.53  1.69 
(1.70)
 3.84 
(2.73)
 8.06 
COP  1.61  0.28  0.15  0.59  1.50 
(1.89)
 3.60 
(2.72)
 7.89 
SU  1.13  0.36  0.23  13.61  0.89 
(1.29)
 2.44 
(1.80)
 5.05 
EQNR  1.57  0.26  0.11  1.36  1.57 
(1.83)
 3.40 
(3.37)
 7.93 
E  1.07  0.21  0.12  0.71  1.16 
(1.14)
 2.04 
(2.26)
 6.47 
PBR  1.29  0.34  0.15 (2.43) 1.37 
(1.53)
 3.62 
(2.02)
 8.96 
PBR-A  1.34  0.29  0.11 (2.89) 1.61 
(1.51)
 3.19 
(2.07)
 8.35 
CVE  1.89  0.34  0.13  1.09  1.87 
(2.14)
 4.31 
(3.24)
 9.18 

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