RELX PLC Correlations

RDEB Stock

EUR 44.70 0.38 0.84%

The current 90-days correlation between RELX PLC and Ping An Insurance is -0.09 (i.e., Good diversification). The correlation of RELX PLC 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.

RELX PLC Correlation With Market

Significant diversification

The correlation between RELX PLC and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding RELX PLC and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with RELX Stock

0.67	RDED	Relx PLC ADR	Pair Corr
0.66	WOSB	Wolters Kluwer NV	Pair Corr
0.75	WOS	WOLTERS KLUWER ADR	Pair Corr
0.63	IEA	Informa PLC	Pair Corr
0.62	PES	Pearson plc	Pair Corr
0.63	PESA	Pearson plc	Pair Corr
0.67	NYT	New York	Pair Corr
0.65	E908	Lyxor 1	Pair Corr

Moving against RELX Stock

0.65	99Q	ENTREPARTICULIERS EO	Pair Corr
0.61	DBPD	Xtrackers ShortDAX	Pair Corr
0.47	CJ8A	CARGOJET INC VAR	Pair Corr
0.46	6FO	GOODTECH ASA A	Pair Corr

Related Correlations Analysis

	PZX	4JP	32A	NRM	EEW	5UI	A1G	SIA1
PZX		0.0	-0.29	0.0	-0.03	-0.11	0.33	0.26	PZX
4JP	0.0		-0.55	0.92	0.92	0.8	0.66	0.09	4JP
32A	-0.29	-0.55		-0.64	-0.43	-0.51	-0.73	0.4	32A
NRM	0.0	0.92	-0.64		0.89	0.76	0.78	-0.03	NRM
EEW	-0.03	0.92	-0.43	0.89		0.74	0.69	0.19	EEW
5UI	-0.11	0.8	-0.51	0.76	0.74		0.54	-0.02	5UI
A1G	0.33	0.66	-0.73	0.78	0.69	0.54		-0.1	A1G
SIA1	0.26	0.09	0.4	-0.03	0.19	-0.02	-0.1		SIA1
	PZX	4JP	32A	NRM	EEW	5UI	A1G	SIA1

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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

NRM	+ 0.92	4JP
EEW	+ 0.92	4JP
EEW	+ 0.89	NRM
5UI	+ 0.8	4JP
A1G	+ 0.78	NRM
5UI	+ 0.76	NRM

High negative correlations

A1G	- 0.73	32A
NRM	- 0.64	32A
32A	- 0.55	4JP
5UI	- 0.51	32A
EEW	- 0.43	32A
32A	- 0.29	PZX

Risk-Adjusted Indicators

There is a big difference between RELX Stock performing well and RELX PLC 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 RELX PLC'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
PZX	2.85	0.57	0.13	1.08	3.34	(3.35)	8.08	(4.60)	29.88
4JP	1.25	0.18	0.07	0.57	1.10	(1.88)	2.72	(1.85)	11.92
32A	1.06	0.00	0.00	0.00	0.00	0.00	2.22	(2.19)	6.12
NRM	1.17	0.09	0.02	0.32	1.34	(1.48)	3.24	(2.22)	11.70
EEW	1.07	0.12	0.02	1.12	1.10	(1.55)	2.70	(1.82)	6.29
5UI	1.88	0.01	0.01	0.11	3.12	(2.13)	3.94	(3.29)	17.19
A1G	2.53	0.79	0.37	1.14	1.59	(3.14)	7.25	(3.07)	20.02
SIA1	1.03	0.05	(0.02)	0.37	1.26	(1.10)	2.33	(2.00)	6.79

Be your own money manager

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

Elected by the shareholders, the RELX PLC's board of directors comprises two types of representatives: RELX PLC inside directors who are chosen from within the company, and outside directors, selected externally and held independent of RELX. The board's role is to monitor RELX PLC's management team and ensure that shareholders' interests are well served. RELX PLC'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, RELX PLC's outside directors are responsible for providing unbiased perspectives on the board's policies.

Nicholas Luff	CFO Director	Profile
Mark Kelsey	Chief Risk	Profile
Erik Engstrom	CEO Director	Profile
Rosemary Thomson	Chief Officer	Profile
Paul Abrahams	Head Communications	Profile
Colin Tennant	Head Relations	Profile
Henry Udow	Chief Sec	Profile

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