Naturgy Energy Correlations
| GASNY Stock | USD 5.49 0.15 2.81% |
The current 90-days correlation between Naturgy Energy Group and Hong Kong and is 0.04 (i.e., Significant diversification). The correlation of Naturgy 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Naturgy Energy Correlation With Market
Good diversification
The correlation between Naturgy Energy Group and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Naturgy Energy Group and DJI in the same portfolio, assuming nothing else is changed.
Naturgy |
The ability to find closely correlated positions to Naturgy 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 Naturgy 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 Naturgy 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 Naturgy Energy Group to buy it.
Moving together with Naturgy Pink Sheet
| 0.86 | ATO | Atmos Energy | PairCorr |
| 0.8 | NI | NiSource | PairCorr |
| 0.66 | SNMRY | Snam SpA ADR | PairCorr |
| 0.62 | SIGL | Signal Advance | PairCorr |
| 0.68 | HNRC | Houston Natural Resources | PairCorr |
| 0.66 | GLU | Gabelli Global Utility | PairCorr |
| 0.67 | HROWM | Harrow Health, 11875 | PairCorr |
| 0.81 | WM | Waste Management | PairCorr |
| 0.78 | GTN | Gray Television | PairCorr |
| 0.77 | TRV | The Travelers Companies | PairCorr |
| 0.92 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.68 | XOM | Exxon Mobil Corp Earnings Call Next Week | PairCorr |
| 0.88 | VZ | Verizon Communications | PairCorr |
| 0.61 | INTC | Intel Sell-off Trend | PairCorr |
| 0.67 | CVX | Chevron Corp | PairCorr |
Moving against Naturgy Pink Sheet
| 0.72 | SLF | Sun Life Financial | PairCorr |
| 0.64 | GLUC | Glucose Health | PairCorr |
| 0.33 | XNGSF | ENN Energy Holdings | PairCorr |
| 0.73 | CAT | Caterpillar | PairCorr |
| 0.73 | AA | Alcoa Corp | PairCorr |
| 0.64 | AXP | American Express | PairCorr |
| 0.64 | HD | Home Depot | PairCorr |
| 0.62 | HPQ | HP Inc | PairCorr |
| 0.57 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.53 | MRK | Merck Company | PairCorr |
| 0.36 | BA | Boeing | PairCorr |
Related Correlations Analysis
| 0.0 | 0.36 | 0.08 | -0.49 | -0.13 | HOKCY | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | UGIC | ||
| 0.36 | 0.0 | 0.52 | -0.6 | -0.58 | NJR | ||
| 0.08 | 0.0 | 0.52 | -0.2 | -0.77 | ATO | ||
| -0.49 | 0.0 | -0.6 | -0.2 | 0.48 | BIPC | ||
| -0.13 | 0.0 | -0.58 | -0.77 | 0.48 | NFE | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Naturgy Pink Sheet performing well and Naturgy 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 Naturgy 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HOKCY | 3.82 | 0.11 | 0.02 | 0.31 | 4.51 | 8.22 | 22.37 | |||
| UGIC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| NJR | 0.91 | 0.06 | 0.08 | (0.25) | 1.23 | 2.02 | 5.41 | |||
| ATO | 0.96 | 0.11 | 0.11 | 0.30 | 1.14 | 1.96 | 5.33 | |||
| BIPC | 1.56 | (0.09) | 0.00 | 0.34 | 0.00 | 3.33 | 10.14 | |||
| NFE | 3.58 | (0.22) | 0.00 | 0.21 | 0.00 | 7.88 | 17.40 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Naturgy 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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Efficient FrontierPlot and analyze your portfolio and positions against risk-return landscape of the market. |
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Naturgy Energy Corporate Management
| Steven Fernndez | Director Markets | Profile | |
| Abel Arbat | Head Relations | Profile | |
| Carlos Montalvo | Marketing Mang | Profile | |
| Enrique Lopez | People Mang | Profile | |
| Jon Arroyabe | Control Planning | Profile |