Galp Energia Correlations
| GLPEF Stock | USD 16.15 0.00 0.00% |
The correlation of Galp Energia 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.
Galp Energia Correlation With Market
Very good diversification
The correlation between Galp Energia SGPS and DJI is -0.25 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Galp Energia SGPS and DJI in the same portfolio, assuming nothing else is changed.
Galp |
The ability to find closely correlated positions to Galp Energia could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Galp Energia 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 Galp Energia - 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 Galp Energia SGPS to buy it.
Moving together with Galp OTC Stock
Moving against Galp OTC Stock
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| 0.57 | MBFJF | Mitsubishi UFJ Financial | PairCorr |
| 0.43 | MET | MetLife | PairCorr |
| 0.35 | XOM | Exxon Mobil Corp Sell-off Trend | PairCorr |
| 0.31 | PTAIF | PT Astra International | PairCorr |
| 0.71 | FTNT | Fortinet | PairCorr |
| 0.71 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.69 | OPFI | OppFi Inc Downward Rally | PairCorr |
| 0.68 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.68 | DIS | Walt Disney Aggressive Push | PairCorr |
| 0.61 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.6 | WMT | Walmart Aggressive Push | PairCorr |
| 0.54 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.54 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.42 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.41 | HD | Home Depot | PairCorr |
Related Correlations Analysis
| -0.09 | 0.4 | 0.51 | 0.4 | GLPEY | ||
| -0.09 | 0.07 | -0.07 | -0.33 | EIPAF | ||
| 0.4 | 0.07 | 0.46 | 0.49 | STOHF | ||
| 0.51 | -0.07 | 0.46 | 0.54 | TTFNF | ||
| 0.4 | -0.33 | 0.49 | 0.54 | JXHLY | ||
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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 Galp OTC Stock performing well and Galp Energia OTC Stock 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 Galp Energia'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GLPEY | 1.17 | (0.40) | 0.00 | (5.03) | 0.00 | 1.70 | 7.62 | |||
| EIPAF | 1.10 | 0.15 | 0.00 | (0.27) | 0.00 | 4.38 | 16.39 | |||
| STOHF | 1.99 | 0.01 | (0.03) | 0.00 | 2.61 | 3.94 | 10.01 | |||
| TTFNF | 1.45 | (0.21) | 0.00 | 2.26 | 0.00 | 2.66 | 8.17 | |||
| JXHLY | 4.42 | 0.19 | 0.01 | (7.51) | 5.39 | 10.97 | 31.09 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Galp Energia 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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Galp Energia Corporate Management
Elected by the shareholders, the Galp Energia's board of directors comprises two types of representatives: Galp Energia inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Galp. The board's role is to monitor Galp Energia's management team and ensure that shareholders' interests are well served. Galp Energia'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, Galp Energia's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Otelo Ruivo | Head Relations | Profile | |
| Tiago VillasBoas | Chief Segment | Profile | |
| Pedro Dias | Head of Strategy and Investor Relations | Profile | |
| Andrew Brown | Vice CEO | Profile | |
| Laura Santos | Head Audit | Profile |