Shell PLC Correlations

SHEL Stock

USD 70.46 1.77 2.45%

The current 90-days correlation between Shell PLC ADR and TotalEnergies SE ADR is 0.64 (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

Modest diversification

The correlation between Shell PLC ADR and DJI is 0.24 (i.e., Modest 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 services.

Moving together with Shell Stock

0.61	RBY	Rubellite Energy	Pair Corr
0.62	SDE	Spartan Delta Corp	Pair Corr
0.67	VIST	Vista Oil Gas	Pair Corr
0.75	600938	CNOOC Limited	Pair Corr

Moving against Shell Stock

0.65	QEM	QEM	Pair Corr
0.64	SM	SM Energy	Pair Corr
0.6	EP	Empire Petroleum Corp	Pair Corr
0.54	JGH	Jade Gas Holdings	Pair Corr
0.53	VG	Venture Global, Sell-off Trend	Pair Corr
0.51	CLON	Clontarf Energy Plc	Pair Corr
0.31	DMLP	Dorchester Minerals	Pair Corr
0.62	BLOE	Block Energy PLC	Pair Corr
0.57	VIVK	Vivakor	Pair Corr
0.57	ZEN	Zenith Energy	Pair Corr
0.54	AXP	AXP Energy Split	Pair Corr
0.43	KKO	Kinetiko Energy	Pair Corr
0.44	EPSN	Epsilon Energy	Pair Corr
0.43	EW	East West Petroleum Split	Pair Corr

Related Correlations Analysis

	TTE	CVX	IMO	COP	SU	EQNR	E	PBR	PBR-A	CVE
TTE		-0.3	0.6	-0.01	0.71	-0.37	0.91	0.21	0.45	0.6	TTE
CVX	-0.3		0.14	0.32	-0.07	0.77	-0.27	0.37	0.29	-0.07	CVX
IMO	0.6	0.14		0.12	0.85	0.12	0.63	0.76	0.85	0.7	IMO
COP	-0.01	0.32	0.12		0.4	0.43	-0.02	0.45	0.34	0.31	COP
SU	0.71	-0.07	0.85	0.4		-0.05	0.68	0.72	0.83	0.8	SU
EQNR	-0.37	0.77	0.12	0.43	-0.05		-0.19	0.41	0.34	0.02	EQNR
E	0.91	-0.27	0.63	-0.02	0.68	-0.19		0.23	0.48	0.63	E
PBR	0.21	0.37	0.76	0.45	0.72	0.41	0.23		0.88	0.61	PBR
PBR-A	0.45	0.29	0.85	0.34	0.83	0.34	0.48	0.88		0.68	PBR-A
CVE	0.6	-0.07	0.7	0.31	0.8	0.02	0.63	0.61	0.68		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

E	+ 0.91	TTE
PBR-A	+ 0.88	PBR
SU	+ 0.85	IMO
PBR-A	+ 0.85	IMO
PBR-A	+ 0.83	SU
CVE	+ 0.8	SU

High negative correlations

EQNR	- 0.37	TTE
CVX	- 0.3	TTE
E	- 0.27	CVX
E	- 0.19	EQNR
CVE	- 0.07	CVX
SU	- 0.07	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	0.88	0.12	0.06	0.59	0.95	(0.98)	1.88	(1.94)	6.55
CVX	0.85	(0.07)	0.00	(0.38)	0.00	0.00	1.47	(1.81)	5.07
IMO	1.25	(0.03)	(0.05)	(0.03)	1.53	(1.25)	2.37	(2.21)	6.70
COP	1.29	0.01	(0.02)	0.09	1.57	(1.34)	2.79	(2.27)	7.08
SU	0.95	0.06	0.00	0.33	1.03	(1.01)	1.91	(1.62)	6.24
EQNR	1.18	(0.07)	0.00	(2.01)	0.00	0.00	2.68	(3.01)	8.31
E	0.81	0.13	0.06	0.58	0.91	(0.82)	1.81	(1.39)	4.68
PBR	1.16	(0.08)	0.00	(0.15)	0.00	0.00	2.62	(2.53)	11.75
PBR-A	1.15	(0.02)	(0.04)	0.01	1.62	(1.24)	3.15	(2.09)	10.67
CVE	1.40	0.08	0.01	0.34	1.66	(1.47)	3.03	(2.77)	7.20

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