OMV AG Correlations
| OMVKY Stock | USD 9.97 0.06 0.61% |
The current 90-days correlation between OMV AG PK and Galp Energa is 0.46 (i.e., Very weak diversification). The correlation of OMV AG 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.
OMV AG Correlation With Market
Good diversification
The correlation between OMV AG PK and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding OMV AG PK and DJI in the same portfolio, assuming nothing else is changed.
OMV |
The ability to find closely correlated positions to OMV AG could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace OMV AG 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 OMV AG - 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 OMV AG PK to buy it.
Moving together with OMV Pink Sheet
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| 0.83 | PCCYF | PetroChina | PairCorr |
| 0.65 | WETH | Wetouch Technology Common | PairCorr |
| 0.79 | IQ | iQIYI Inc Aggressive Push | PairCorr |
Moving against OMV Pink Sheet
| 0.7 | BFLY | Butterfly Network | PairCorr |
| 0.58 | LUNR | Intuitive Machines | PairCorr |
| 0.56 | AVTE | Aerovate Therapeutics | PairCorr |
| 0.43 | RXRX | Recursion Pharmaceuticals | PairCorr |
| 0.42 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.37 | PETR4 | Petrleo Brasileiro | PairCorr |
| 0.76 | INMD | InMode | PairCorr |
| 0.66 | GLBE | Global E Online | PairCorr |
| 0.66 | PLTR | Palantir Technologies Aggressive Push | PairCorr |
| 0.66 | IONQ | IONQ Inc | PairCorr |
| 0.66 | ET | Energy Transfer LP | PairCorr |
| 0.66 | SOFI | SoFi Technologies Aggressive Push | PairCorr |
| 0.65 | NFLX | Netflix Fiscal Year End 28th of January 2025 | PairCorr |
| 0.64 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.64 | OPRA | Opera Buyout Trend | PairCorr |
| 0.63 | RUM | Rumble Inc Tech Boost | PairCorr |
| 0.6 | MSTR | MicroStrategy Incorporated Aggressive Push | PairCorr |
| 0.58 | SOUN | SoundHound AI Aggressive Push | PairCorr |
| 0.57 | BBAI | BigBearai Holdings | PairCorr |
| 0.53 | CRS | Carpenter Technology | PairCorr |
| 0.53 | FUND | Sprott Focus Trust | PairCorr |
| 0.42 | PYPL | PayPal Holdings | PairCorr |
| 0.42 | SDIG | Stronghold Digital Mining | PairCorr |
Related Correlations Analysis
| 0.48 | -0.41 | 0.53 | -0.65 | GLPEY | ||
| 0.48 | -0.8 | 0.21 | -0.45 | OMVJF | ||
| -0.41 | -0.8 | -0.13 | 0.27 | REPYY | ||
| 0.53 | 0.21 | -0.13 | -0.4 | JXHLY | ||
| -0.65 | -0.45 | 0.27 | -0.4 | SSLZY | ||
| 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 OMV Pink Sheet performing well and OMV AG 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 OMV AG'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 | 1.15 | (0.05) | 0.00 | 0.24 | 0.00 | 1.86 | 7.62 | |||
| OMVJF | 0.42 | (0.06) | 0.00 | 0.79 | 0.00 | 1.04 | 8.95 | |||
| REPYY | 1.31 | 0.21 | 0.06 | (1.11) | 1.45 | 2.19 | 6.00 | |||
| JXHLY | 4.42 | 0.25 | 0.02 | 1.91 | 5.38 | 11.13 | 31.09 | |||
| SSLZY | 1.38 | 0.13 | 0.05 | 0.34 | 1.49 | 3.49 | 8.74 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in OMV AG 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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OMV AG Corporate Management
| Gerhard Wagner | Head Germany | Profile | |
| Glsm Azeri | Chairwoman Ofisi | Profile | |
| Martijn Koten | Marketing Refining | Profile | |
| Johann Pleininger | Member of Executive Board | Profile | |
| Andreas Rinofner | Head PR | Profile | |
| Magdalena Moll | Sr Affairs | Profile |