Hellenic Petroleum Correlations
| ELPE Stock | EUR 7.80 0.18 2.36% |
The current 90-days correlation between Hellenic Petroleum and Motor Oil Corinth is 0.54 (i.e., Very weak diversification). The correlation of Hellenic Petroleum 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Hellenic Petroleum Correlation With Market
Good diversification
The correlation between Hellenic Petroleum SA and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hellenic Petroleum SA and DJI in the same portfolio, assuming nothing else is changed.
Hellenic |
The ability to find closely correlated positions to Hellenic Petroleum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hellenic Petroleum 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 Hellenic Petroleum - 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 Hellenic Petroleum SA to buy it.
Moving together with Hellenic Stock
| 0.87 | MOH | Motor Oil Corinth | PairCorr |
| 0.78 | BELA | Jumbo SA | PairCorr |
| 0.87 | AVAX | Avax SA | PairCorr |
| 0.65 | EXAE | Hellenic Exchanges | PairCorr |
Moving against Hellenic Stock
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Hellenic Stock performing well and Hellenic Petroleum 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 Hellenic Petroleum'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MOH | 1.02 | 0.16 | 0.13 | (0.61) | 1.00 | 2.58 | 7.08 | |||
| OPAP | 0.97 | 0.21 | 0.18 | 0.88 | 0.83 | 2.43 | 4.65 | |||
| MYTIL | 1.08 | 0.24 | 0.18 | (13.39) | 1.06 | 2.79 | 6.78 | |||
| HTO | 1.02 | 0.04 | 0.03 | (1.18) | 1.11 | 2.20 | 4.79 | |||
| PPC | 1.05 | 0.26 | 0.21 | (0.67) | 0.95 | 2.51 | 6.21 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Hellenic Petroleum 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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Hellenic Petroleum Corporate Management
Elected by the shareholders, the Hellenic Petroleum's board of directors comprises two types of representatives: Hellenic Petroleum inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Hellenic. The board's role is to monitor Hellenic Petroleum's management team and ensure that shareholders' interests are well served. Hellenic Petroleum'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, Hellenic Petroleum's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Vasileios Tsaitas | Chief Officer | Profile | |
| Alexandros Tzadimas | Gen Services | Profile | |
| Georgios Alexopoulos | GM Director | Profile | |
| Panitsidis | Head Mang | Profile | |
| Stefanos Papadimitriou | Accounting Director | Profile | |
| Skandalis | Chief Officer | Profile | |
| Leonidas Kovaios | Gen Officer | Profile |