Galp Energa Correlations

GLPEY Stock

USD 8.53 0.20 2.40%

The current 90-days correlation between Galp Energa and MOL PLC ADR is 0.02 (i.e., Significant diversification). The correlation of Galp Energa 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.

Galp Energa Correlation With Market

Good diversification

The correlation between Galp Energa and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Galp Energa and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Galp Energa 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 Energa 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 Energa - 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 Energa to buy it.

Moving against Galp Pink Sheet

0.64	TTE	TotalEnergies SE ADR	Pair Corr
0.63	TTFNF	TotalEnergies SE	Pair Corr
0.61	VWAPY	Volkswagen AG Pref	Pair Corr
0.61	VLKAF	Volkswagen AG	Pair Corr
0.61	VWAGY	Volkswagen AG 110	Pair Corr
0.58	SHEL	Shell PLC ADR	Pair Corr
0.58	VLKPF	Volkswagen AG VZO Downward Rally	Pair Corr
0.47	RYDAF	Shell PLC	Pair Corr
0.47	EPD	Enterprise Products	Pair Corr
0.32	CVX	Chevron Corp	Pair Corr
0.57	037833DN7	APPLE INC	Pair Corr
0.54	SPH	Suburban Propane Partners	Pair Corr
0.44	DASH	DoorDash, Class A	Pair Corr
0.44	EPSN	Epsilon Energy	Pair Corr
0.33	STLD	Steel Dynamics	Pair Corr
0.32	BLAGF	Blue Lagoon Resources	Pair Corr
0.65	EFC	Ellington Financial	Pair Corr
0.65	WPM	Wheaton Precious Metals	Pair Corr
0.64	MPW	Medical Properties Trust	Pair Corr
0.57	BRK-B	Berkshire Hathaway	Pair Corr
0.53	CSCO	Cisco Systems	Pair Corr
0.52	YMM	Full Truck Alliance	Pair Corr

Related Correlations Analysis

	SHEL	EQNR	BP	E	MGYOY	PUTRY	OMVKY	UNTCW	EIPAF
SHEL		0.45	0.91	0.97	0.8	0.52	0.78	0.48	0.37	SHEL
EQNR	0.45		0.31	0.46	0.15	0.33	0.2	-0.13	-0.05	EQNR
BP	0.91	0.31		0.89	0.86	0.34	0.61	0.59	0.32	BP
E	0.97	0.46	0.89		0.77	0.6	0.8	0.43	0.4	E
MGYOY	0.8	0.15	0.86	0.77		0.28	0.63	0.64	0.25	MGYOY
PUTRY	0.52	0.33	0.34	0.6	0.28		0.75	-0.11	0.2	PUTRY
OMVKY	0.78	0.2	0.61	0.8	0.63	0.75		0.38	0.28	OMVKY
UNTCW	0.48	-0.13	0.59	0.43	0.64	-0.11	0.38		0.19	UNTCW
EIPAF	0.37	-0.05	0.32	0.4	0.25	0.2	0.28	0.19		EIPAF
	SHEL	EQNR	BP	E	MGYOY	PUTRY	OMVKY	UNTCW	EIPAF

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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	+ 0.97	SHEL
BP	+ 0.91	SHEL
E	+ 0.89	BP
MGYOY	+ 0.86	BP
MGYOY	+ 0.8	SHEL
OMVKY	+ 0.8	E

High negative correlations

UNTCW	- 0.13	EQNR
UNTCW	- 0.11	PUTRY
EIPAF	- 0.05	EQNR

Risk-Adjusted Indicators

There is a big difference between Galp Pink Sheet performing well and Galp Energa 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 Galp Energa'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
SHEL	0.84	0.20	0.21	0.41	0.91	(0.87)	1.93	(1.91)	5.34
EQNR	1.60	0.13	0.09	0.57	2.09	(1.63)	3.68	(3.54)	9.90
BP	1.09	0.25	0.20	0.60	1.25	(1.20)	2.50	(2.18)	10.62
E	0.87	0.19	0.20	0.39	1.03	(0.87)	1.77	(1.52)	4.52
MGYOY	1.60	0.27	0.17	1.14	1.70	(1.97)	3.93	(2.53)	9.63
PUTRY	0.12	0.04	0.00	(0.32)	0.00	0.00	0.00	0.00	3.88
OMVKY	1.02	0.35	0.37	4.48	0.75	(1.27)	2.32	(1.79)	6.94
UNTCW	8.56	(0.09)	0.00	(0.27)	0.00	0.00	25.45	(21.82)	74.00
EIPAF	1.72	0.11	0.03	0.10	2.19	(4.13)	6.33	(5.39)	17.34

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Our tools can tell you how much better you can do entering a position in Galp Energa 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.

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Galp Energa Corporate Management

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

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