Iberdrola Correlations

IBDRY Stock

USD 56.92 0.73 1.30%

The current 90-days correlation between Iberdrola SA and EON SE ADR is 0.01 (i.e., Significant diversification). The correlation of Iberdrola 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.

Iberdrola Correlation With Market

Very good diversification

The correlation between Iberdrola SA and DJI is -0.23 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Iberdrola SA and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Iberdrola could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Iberdrola 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 Iberdrola - 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 Iberdrola SA to buy it.

Moving together with Iberdrola Pink Sheet

0.96	IBDSF	Iberdrola SA	Pair Corr
0.86	ESOCF	Enel SpA	Pair Corr
0.87	ENLAY	ENEL Societa per	Pair Corr
0.68	PPERY	Bank Mandiri Persero	Pair Corr
0.79	PBCRY	Bank Central Asia	Pair Corr
0.61	PBCRF	PT Bank Central	Pair Corr
0.69	PTBRY	Bank Negara Indonesia	Pair Corr

Moving against Iberdrola Pink Sheet

0.61	SRE	Sempra Energy	Pair Corr
0.57	PPWLO	PacifiCorp	Pair Corr
0.61	BMYMP	Bristol Myers Squibb	Pair Corr
0.59	STR	Sitio Royalties Corp	Pair Corr
0.56	NFLX	Netflix Fiscal Year End 28th of January 2025	Pair Corr
0.54	PLTR	Palantir Technologies Aggressive Push	Pair Corr

Related Correlations Analysis

	EONGY	ELP	OTTR	BIP	AESC	RWEOY	CDUAF	ENLAY	IBDSF
EONGY		-0.7	0.56	0.09	0.28	-0.64	-0.63	-0.77	-0.72	EONGY
ELP	-0.7		-0.21	-0.63	0.26	0.89	0.28	0.7	0.4	ELP
OTTR	0.56	-0.21		-0.08	0.53	-0.17	-0.5	-0.44	-0.59	OTTR
BIP	0.09	-0.63	-0.08		-0.62	-0.58	0.41	-0.11	0.22	BIP
AESC	0.28	0.26	0.53	-0.62		0.24	-0.43	-0.25	-0.57	AESC
RWEOY	-0.64	0.89	-0.17	-0.58	0.24		0.28	0.67	0.34	RWEOY
CDUAF	-0.63	0.28	-0.5	0.41	-0.43	0.28		0.57	0.69	CDUAF
ENLAY	-0.77	0.7	-0.44	-0.11	-0.25	0.67	0.57		0.85	ENLAY
IBDSF	-0.72	0.4	-0.59	0.22	-0.57	0.34	0.69	0.85		IBDSF
	EONGY	ELP	OTTR	BIP	AESC	RWEOY	CDUAF	ENLAY	IBDSF

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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

RWEOY	+ 0.89	ELP
IBDSF	+ 0.85	ENLAY
ENLAY	+ 0.7	ELP
IBDSF	+ 0.69	CDUAF
ENLAY	+ 0.67	RWEOY
ENLAY	+ 0.57	CDUAF

High negative correlations

ENLAY	- 0.77	EONGY
IBDSF	- 0.72	EONGY
ELP	- 0.7	EONGY
RWEOY	- 0.64	EONGY
BIP	- 0.63	ELP
CDUAF	- 0.63	EONGY

Risk-Adjusted Indicators

There is a big difference between Iberdrola Pink Sheet performing well and Iberdrola 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 Iberdrola'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
EONGY	1.08	0.29	0.10	(0.59)	0.98	(1.29)	2.83	(2.21)	6.29
ELP	1.37	(0.19)	0.00	(4.21)	0.00	0.00	3.08	(3.31)	10.39
OTTR	1.27	(0.24)	0.00	(0.08)	0.00	0.00	2.26	(3.09)	9.03
BIP	1.09	0.01	0.01	0.12	1.13	(1.22)	2.95	(1.70)	6.89
AESC	1.14	(0.08)	0.00	(5.37)	0.00	0.00	2.19	(2.64)	5.69
RWEOY	1.05	(0.15)	0.00	(0.70)	0.00	0.00	2.27	(1.87)	7.79
CDUAF	0.91	0.07	(0.04)	(1.87)	1.10	(0.98)	1.61	(1.81)	6.73
ENLAY	0.81	(0.08)	0.00	0.59	0.00	0.00	1.31	(1.92)	6.18
IBDSF	1.16	0.06	(0.07)	(0.01)	1.51	(1.21)	2.30	(1.95)	9.24

Be your own money manager

Our tools can tell you how much better you can do entering a position in Iberdrola 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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Iberdrola Corporate Management

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