Origin Energy Correlations

OGFGY Stock

USD 6.51 0.16 2.52%

The current 90-days correlation between Origin Energy and Galp Energia SGPS is -0.02 (i.e., Good diversification). The correlation of Origin 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.

Origin Energy Correlation With Market

Significant diversification

The correlation between Origin Energy Ltd and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Origin Energy Ltd and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Origin 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 Origin 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 Origin 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 Origin Energy Ltd to buy it.

Moving against Origin Pink Sheet

0.46	SPH	Suburban Propane Partners	Pair Corr
0.41	OKLO	Oklo Inc Symbol Change	Pair Corr
0.4	DASH	DoorDash, Class A	Pair Corr
0.37	BLAGF	Blue Lagoon Resources	Pair Corr
0.34	STLD	Steel Dynamics	Pair Corr
0.46	WPM	Wheaton Precious Metals	Pair Corr
0.43	LPAAU	Launch One Acquisition	Pair Corr
0.4	CORT	Corcept Therapeutics	Pair Corr
0.4	YMM	Full Truck Alliance	Pair Corr
0.33	MRNS	Marinus Pharmaceuticals	Pair Corr

Related Correlations Analysis

	BPAQF	SNPMF	TTFNF	RYDAF	PCCYF	STOHF	E	TTE	REPYY	GLPEF
BPAQF		0.14	0.84	0.8	0.43	0.48	0.82	0.84	0.0	-0.29	BPAQF
SNPMF	0.14		0.17	0.26	0.45	0.48	0.27	0.15	0.0	0.19	SNPMF
TTFNF	0.84	0.17		0.85	0.46	0.48	0.93	0.99	0.0	-0.35	TTFNF
RYDAF	0.8	0.26	0.85		0.44	0.57	0.85	0.85	0.0	-0.17	RYDAF
PCCYF	0.43	0.45	0.46	0.44		0.69	0.52	0.46	0.0	0.06	PCCYF
STOHF	0.48	0.48	0.48	0.57	0.69		0.55	0.49	0.0	0.15	STOHF
E	0.82	0.27	0.93	0.85	0.52	0.55		0.93	0.0	-0.23	E
TTE	0.84	0.15	0.99	0.85	0.46	0.49	0.93		0.0	-0.34	TTE
REPYY	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	REPYY
GLPEF	-0.29	0.19	-0.35	-0.17	0.06	0.15	-0.23	-0.34	0.0		GLPEF
	BPAQF	SNPMF	TTFNF	RYDAF	PCCYF	STOHF	E	TTE	REPYY	GLPEF

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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

TTE	+ 0.99	TTFNF
E	+ 0.93	TTFNF
TTE	+ 0.93	E
RYDAF	+ 0.85	TTFNF
E	+ 0.85	RYDAF
TTE	+ 0.85	RYDAF

High negative correlations

GLPEF	- 0.35	TTFNF
GLPEF	- 0.34	TTE
GLPEF	- 0.29	BPAQF
GLPEF	- 0.23	E
GLPEF	- 0.17	RYDAF
GLPEF	- 0.0	REPYY

Risk-Adjusted Indicators

There is a big difference between Origin Pink Sheet performing well and Origin 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 Origin 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
BPAQF	1.57	0.26	0.16	0.84	1.72	(1.77)	3.11	(2.76)	9.36
SNPMF	2.71	0.21	0.06	1.62	2.92	(4.91)	7.41	(5.56)	22.20
TTFNF	1.28	0.26	0.21	0.62	1.29	(1.48)	2.53	(2.32)	8.68
RYDAF	1.80	0.22	0.13	0.69	1.86	(2.07)	4.77	(3.06)	11.74
PCCYF	1.62	0.09	0.05	(0.63)	2.07	(2.66)	4.00	(3.90)	15.69
STOHF	1.44	0.14	0.10	(2.03)	1.56	(2.13)	3.72	(3.20)	11.33
E	0.88	0.19	0.19	0.41	1.03	(0.86)	1.77	(1.52)	4.52
TTE	0.78	0.23	0.27	0.72	0.73	(0.85)	1.87	(1.44)	4.36
REPYY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GLPEF	2.17	0.08	0.03	0.80	2.95	(3.07)	4.43	(6.03)	18.55

Be your own money manager

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

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Origin Energy Corporate Management

Liam Barry	Group Relations	Profile
Kate Jordan	Risk Secretariat	Profile
FCPA BBus	Chief Officer	Profile
Anthony Lucas	Exec Technology	Profile
Sharon Ridgway	Executive General Manager - People and Culture	Profile
Andrew Thornton	Exec Gas	Profile
BEc FCA	CEO MD	Profile

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