Rolls Royce Correlations

RYCEF Stock

USD 10.40 0.22 2.16%

The current 90-days correlation between Rolls Royce Holdings and Rolls Royce Holdings plc is -0.07 (i.e., Good diversification). The correlation of Rolls Royce 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.

Rolls Royce Correlation With Market

Modest diversification

The correlation between Rolls Royce Holdings PLC and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rolls Royce Holdings PLC and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Rolls Pink Sheet

0.74	RTX	Raytheon Technologies	Pair Corr
0.7	RLLCF	Rolls Royce Holdings	Pair Corr
0.82	EADSF	Airbus Group SE	Pair Corr
0.85	EADSY	Airbus Group NV	Pair Corr
0.61	TDG	Transdigm Group	Pair Corr
0.85	SAFRY	Safran SA	Pair Corr
0.81	PKX	POSCO Holdings	Pair Corr
0.89	BRK-A	Berkshire Hathaway	Pair Corr
0.9	BRK-B	Berkshire Hathaway	Pair Corr
0.94	NHNCF	NAVER Corp	Pair Corr
0.64	ANPMF	Andean Precious Metals	Pair Corr
0.67	WM	Waste Management	Pair Corr
0.66	GTN	Gray Television	Pair Corr
0.97	SUNFF	Sun Life Financial	Pair Corr
0.83	LNW	Light Wonder	Pair Corr
0.93	MPW	Medical Properties Trust	Pair Corr
0.78	FINV	FinVolution Group	Pair Corr
0.65	SGIC	Silicon Gaming	Pair Corr
0.65	ALHC	Alignment Healthcare LLC	Pair Corr
0.66	TKOMF	Tokio Marine Holdings	Pair Corr

Moving against Rolls Pink Sheet

0.77	KB	KB Financial Group	Pair Corr
0.6	HYMTF	Hyundai Motor	Pair Corr
0.51	BA	Boeing	Pair Corr
0.42	ISPOW	Thayer Ventures Acqu	Pair Corr
0.36	SHWZ	Medicine Man Technologies	Pair Corr

Related Correlations Analysis

	RLLCF	VTSI	BWXT	ERJ	RYCEY	EVEX	SMBMF	HEI-A	EADSF	EADSY
RLLCF		-0.59	-0.52	0.56	0.71	-0.58	-0.34	0.68	0.45	0.41	RLLCF
VTSI	-0.59		0.84	-0.91	-0.9	0.88	-0.14	-0.69	-0.84	-0.83	VTSI
BWXT	-0.52	0.84		-0.71	-0.76	0.69	-0.18	-0.52	-0.68	-0.61	BWXT
ERJ	0.56	-0.91	-0.71		0.95	-0.86	0.1	0.81	0.88	0.9	ERJ
RYCEY	0.71	-0.9	-0.76	0.95		-0.84	-0.02	0.86	0.83	0.85	RYCEY
EVEX	-0.58	0.88	0.69	-0.86	-0.84		-0.04	-0.68	-0.74	-0.73	EVEX
SMBMF	-0.34	-0.14	-0.18	0.1	-0.02	-0.04		-0.28	0.31	0.3	SMBMF
HEI-A	0.68	-0.69	-0.52	0.81	0.86	-0.68	-0.28		0.63	0.69	HEI-A
EADSF	0.45	-0.84	-0.68	0.88	0.83	-0.74	0.31	0.63		0.91	EADSF
EADSY	0.41	-0.83	-0.61	0.9	0.85	-0.73	0.3	0.69	0.91		EADSY
	RLLCF	VTSI	BWXT	ERJ	RYCEY	EVEX	SMBMF	HEI-A	EADSF	EADSY

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

RYCEY	+ 0.95	ERJ
EADSY	+ 0.91	EADSF
EADSY	+ 0.9	ERJ
EVEX	+ 0.88	VTSI
EADSF	+ 0.88	ERJ
HEI-A	+ 0.86	RYCEY

High negative correlations

ERJ	- 0.91	VTSI
RYCEY	- 0.9	VTSI
EVEX	- 0.86	ERJ
EVEX	- 0.84	RYCEY
EADSF	- 0.84	VTSI
EADSY	- 0.83	VTSI

Risk-Adjusted Indicators

There is a big difference between Rolls Pink Sheet performing well and Rolls Royce 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 Rolls Royce'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
RLLCF	3.93	0.01	0.00	0.05	5.19	(5.42)	10.34	(10.53)	22.93
VTSI	1.93	(0.34)	0.00	(0.21)	0.00	0.00	3.43	(4.36)	11.45
BWXT	1.62	(0.16)	0.00	(0.15)	0.00	0.00	3.47	(3.56)	16.16
ERJ	2.07	0.46	0.17	0.76	2.10	(2.24)	5.43	(4.27)	21.75
RYCEY	1.84	0.58	0.24	1.04	1.86	(2.12)	4.75	(2.68)	24.02
EVEX	3.92	(0.28)	0.00	(0.10)	0.00	0.00	7.22	(8.38)	20.12
SMBMF	2.35	0.29	0.03	1.82	3.95	(6.75)	9.31	(4.24)	48.70
HEI-A	1.40	0.11	0.05	0.18	1.93	(1.56)	2.70	(2.31)	14.84
EADSF	1.66	0.16	0.07	(0.86)	1.76	(2.12)	4.06	(2.84)	11.88
EADSY	1.34	0.18	0.10	0.26	1.58	(1.40)	2.76	(2.63)	13.17

Be your own money manager

Our tools can tell you how much better you can do entering a position in Rolls Royce 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?

Run Economic Indicators Now

Economic Indicators

Top statistical indicators that provide insights into how an economy is performing

All Next

Launch Module

Rolls Royce Corporate Management

Grazia Vittadini	Chief Officer	Profile
Sarah Armstrong	Chief Officer	Profile
David CBE	CEO Director	Profile
Edward Pease	VP America	Profile
Panos Kakoullis	CFO Director	Profile
Mark Gregory	General Counsel	Profile
Richard Wray	Director Brand	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC