CONSOL Energy Correlations
| C9X Stock | EUR 103.50 1.65 1.57% |
The current 90-days correlation between CONSOL Energy and Banpu PCL is 0.02 (i.e., Significant diversification). The correlation of CONSOL Energy 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.
CONSOL Energy Correlation With Market
Very weak diversification
The correlation between CONSOL Energy and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CONSOL Energy and DJI in the same portfolio, assuming nothing else is changed.
CONSOL |
The ability to find closely correlated positions to CONSOL Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CONSOL Energy 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 CONSOL Energy - 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 CONSOL Energy to buy it.
Moving together with CONSOL Stock
| 0.87 | ESLC | ESSILORLUXOTTICA 12ON | PairCorr |
| 0.94 | GLE | Gladstone Commercial | PairCorr |
| 0.9 | EN3 | Enbridge | PairCorr |
| 0.73 | 6GAA | Grupo Aval Acciones | PairCorr |
| 0.91 | ADH2 | Air Canada | PairCorr |
| 0.89 | ZIM | Zimmer Biomet Holdings | PairCorr |
| 0.85 | GKD | Grand Canyon Education | PairCorr |
| 0.8 | SK3 | Smurfit Kappa Group | PairCorr |
| 0.97 | KEY | KeyCorp | PairCorr |
| 0.88 | QAN | Qantas Airways | PairCorr |
| 0.93 | BRYN | Berkshire Hathaway | PairCorr |
| 0.66 | HDFA | HDFC Bank Limited | PairCorr |
| 0.87 | BBEA | Boston Beer | PairCorr |
| 0.81 | ENR | Siemens Energy AG | PairCorr |
Moving against CONSOL Stock
| 0.83 | 6FO | GOODTECH ASA A | PairCorr |
| 0.81 | NVAC | Banpu PCL | PairCorr |
| 0.72 | IO0 | Ichor Coal NV | PairCorr |
| 0.65 | 99Q | ENTREPARTICULIERS EO | PairCorr |
| 0.42 | CJ8A | CARGOJET INC VAR | PairCorr |
| 0.51 | DFXN | SIERRA METALS | PairCorr |
| 0.42 | CN6 | BII Railway Transpor | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between CONSOL Stock performing well and CONSOL Energy 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 CONSOL Energy'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IKFC | 1.59 | 0.16 | 0.06 | 0.50 | 1.92 | 3.82 | 12.47 | |||
| CVV | 2.40 | 0.25 | 0.06 | (0.48) | 2.80 | 5.26 | 17.17 | |||
| YA1 | 1.80 | 0.19 | 0.07 | 0.70 | 2.16 | 4.01 | 12.07 | |||
| NVAC | 2.60 | (0.14) | 0.00 | 0.21 | 0.00 | 7.14 | 30.98 | |||
| C9X | 1.76 | 0.25 | 0.15 | 0.16 | 1.61 | 4.86 | 16.11 | |||
| HMU | 0.75 | 0.15 | 0.09 | 1.78 | 0.60 | 2.11 | 7.41 | |||
| G1V | 320.50 | 159.74 | 0.00 | 1.78 | 0.00 | 0.00 | 10,798 | |||
| IO0 | 1.34 | (0.57) | 0.00 | (3.18) | 0.00 | 0.00 | 20.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in CONSOL Energy 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.Did you try this?
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CONSOL Energy Corporate Management
Elected by the shareholders, the CONSOL Energy's board of directors comprises two types of representatives: CONSOL Energy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of CONSOL. The board's role is to monitor CONSOL Energy's management team and ensure that shareholders' interests are well served. CONSOL Energy's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, CONSOL Energy's outside directors are responsible for providing unbiased perspectives on the board's policies.
| James Brock | Pres CEO | Profile | |
| Daniel Connell | VP Strategy | Profile | |
| John Rothka | Chief Controller | Profile | |
| Kurt Salvatori | Chief Officer | Profile | |
| Miteshkumar Thakkar | Chief Officer | Profile | |
| Martha Wiegand | G Sec | Profile | |
| Eric Schubel | VP Operations | Profile |