RWE AG Correlations
| RWE Stock | EUR 28.44 0.23 0.82% |
The current 90-days correlation between RWE AG and Enel SpA is 0.19 (i.e., Average diversification). The correlation of RWE 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.
RWE AG Correlation With Market
Average diversification
The correlation between RWE AG and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding RWE AG and DJI in the same portfolio, assuming nothing else is changed.
RWE |
The ability to find closely correlated positions to RWE 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 RWE 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 RWE 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 RWE AG to buy it.
Moving together with RWE Stock
| 0.79 | NNGF | National Grid PLC | PairCorr |
| 0.79 | NNGD | National Grid plc | PairCorr |
| 0.66 | JUA | Japan Real Estate Split | PairCorr |
| 0.68 | K9R | KENEDIX OFFICE INV | PairCorr |
| 0.76 | 9NPA | NIPPON PROLOGIS REIT | PairCorr |
| 0.8 | 0S2 | UNITED URBAN INV | PairCorr |
| 0.7 | KSF1 | SHINHAN FINL ADR1 | PairCorr |
Moving against RWE Stock
| 0.76 | TEV | Teva Pharmaceutical | PairCorr |
| 0.75 | M5V | EHEALTH | PairCorr |
| 0.7 | TSFA | Taiwan Semiconductor | PairCorr |
| 0.63 | APC | Apple Inc | PairCorr |
| 0.63 | TL0 | Tesla Inc | PairCorr |
| 0.58 | BZZ | Bank of Montreal | PairCorr |
| 0.57 | FTK | flatexDEGIRO AG | PairCorr |
| 0.56 | M4I | Mastercard | PairCorr |
| 0.5 | W5E | Peel Mining Limited | PairCorr |
| 0.49 | MAQ | Marriott International | PairCorr |
| 0.48 | OM6 | OReilly Automotive | PairCorr |
| 0.47 | ENR | Siemens Energy AG | PairCorr |
| 0.45 | OCBA | Oversea Chinese Banking | PairCorr |
| 0.39 | SK3 | Smurfit Kappa Group | PairCorr |
| 0.38 | DMN | Diamyd Medical AB | PairCorr |
| 0.36 | VA7A | VERISK ANLYTCS A | PairCorr |
| 0.77 | 117 | Arista Networks Split | PairCorr |
| 0.75 | NH5 | NH HOTEL GROUP | PairCorr |
| 0.72 | SIX2 | Sixt SE | PairCorr |
| 0.64 | APC | Apple Inc | PairCorr |
Related Correlations Analysis
| 0.42 | -0.61 | 0.31 | 0.5 | ENLA | ||
| 0.42 | -0.34 | 0.88 | 0.53 | NNGF | ||
| -0.61 | -0.34 | -0.27 | -0.6 | SE4 | ||
| 0.31 | 0.88 | -0.27 | 0.56 | NNGD | ||
| 0.5 | 0.53 | -0.6 | 0.56 | GZFB | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between RWE Stock performing well and RWE 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 RWE 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ENLA | 1.00 | 0.00 | (0.02) | 0.02 | 1.41 | 2.36 | 13.10 | |||
| NNGF | 1.36 | (0.15) | 0.00 | (0.29) | 0.00 | 2.51 | 11.02 | |||
| SE4 | 1.17 | 0.21 | 0.13 | (1.29) | 0.99 | 3.37 | 9.53 | |||
| NNGD | 1.25 | (0.12) | 0.00 | (0.19) | 0.00 | 2.58 | 9.92 | |||
| GZFB | 0.66 | (0.09) | 0.00 | 33.00 | 0.00 | 1.34 | 4.71 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in RWE 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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RWE AG Corporate Management
Elected by the shareholders, the RWE AG's board of directors comprises two types of representatives: RWE AG inside directors who are chosen from within the company, and outside directors, selected externally and held independent of RWE. The board's role is to monitor RWE AG's management team and ensure that shareholders' interests are well served. RWE AG'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, RWE AG's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Joachim Lochte | Head Protection | Profile | |
| Stephanie Schunck | Head Affairs | Profile | |
| Berend Holst | Head Tax | Profile | |
| Zvezdana Seeger | Chief Board | Profile | |
| Joachim Haaf | Head Insurance | Profile | |
| Stephan Muschick | Head Citizenship | Profile | |
| Thomas Denny | Head Relations | Profile |