Shell PLC Correlations
| RYDAF Stock | USD 32.04 0.16 0.50% |
The current 90-days correlation between Shell PLC and PetroChina Co Ltd is 0.12 (i.e., Average diversification). The correlation of Shell 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.
Shell PLC Correlation With Market
Good diversification
The correlation between Shell PLC and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Shell PLC and DJI in the same portfolio, assuming nothing else is changed.
Shell |
The ability to find closely correlated positions to Shell 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 Shell 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 Shell 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 Shell PLC to buy it.
Moving together with Shell Pink Sheet
| 0.7 | SHEL | Shell PLC ADR | PairCorr |
| 0.64 | TTFNF | TotalEnergies SE | PairCorr |
| 0.64 | TTE | TotalEnergies SE ADR Sell-off Trend | PairCorr |
Moving against Shell Pink Sheet
| 0.5 | BFLY | Butterfly Network | PairCorr |
| 0.5 | LUNR | Intuitive Machines | PairCorr |
| 0.41 | AVTE | Aerovate Therapeutics | PairCorr |
| 0.38 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.59 | INMD | InMode | PairCorr |
| 0.58 | IONQ | IONQ Inc | PairCorr |
| 0.56 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.56 | SOFI | SoFi Technologies | PairCorr |
| 0.54 | NFLX | Netflix Fiscal Year End 28th of January 2025 | PairCorr |
| 0.54 | MSTR | MicroStrategy Incorporated Buyout Trend | PairCorr |
| 0.53 | RUM | Rumble Inc Sell-off Trend | PairCorr |
| 0.53 | GLBE | Global E Online | PairCorr |
| 0.53 | PLTR | Palantir Technologies Aggressive Push | PairCorr |
| 0.53 | ET | Energy Transfer LP Aggressive Push | PairCorr |
| 0.51 | SOUN | SoundHound AI Trending | PairCorr |
| 0.51 | OPRA | Opera | PairCorr |
| 0.51 | APLD | Applied Blockchain | PairCorr |
| 0.49 | SDIG | Stronghold Digital Mining | PairCorr |
| 0.48 | FUND | Sprott Focus Trust | PairCorr |
| 0.47 | BBAI | BigBearai Holdings Tech Boost | PairCorr |
| 0.43 | CRS | Carpenter Technology | PairCorr |
Related Correlations Analysis
| 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 Shell Pink Sheet performing well and Shell 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 Shell 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EIPAF | 1.30 | 0.01 | 0.00 | 0.08 | 0.00 | 3.86 | 18.87 | |||
| MGYOY | 1.07 | (0.06) | 0.00 | 0.66 | 0.00 | 2.40 | 6.85 | |||
| PCCYF | 3.21 | 0.11 | 0.00 | (0.52) | 3.81 | 7.23 | 20.98 | |||
| STOHF | 1.93 | 0.02 | (0.03) | (13.98) | 2.58 | 3.94 | 10.01 | |||
| SNPMF | 2.33 | 0.00 | 0.00 | 0.12 | 0.00 | 7.41 | 18.12 | |||
| BPAQF | 1.62 | (0.09) | 0.00 | (0.90) | 0.00 | 3.40 | 10.81 | |||
| OGFGY | 0.46 | (0.01) | 0.00 | 0.18 | 0.00 | 2.33 | 13.95 | |||
| TTFNF | 1.45 | (0.22) | 0.00 | (139.24) | 0.00 | 2.70 | 8.17 | |||
| TTE | 1.02 | (0.20) | 0.00 | 2.25 | 0.00 | 1.57 | 7.40 | |||
| E | 0.87 | (0.04) | 0.00 | 0.32 | 0.00 | 1.51 | 4.90 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Shell 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.Did you try this?
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Shell PLC Corporate Management
| MA BA | Ex Americas | Profile | |
| Russell Caplan | Chairman Unit | Profile | |
| Graham Hoff | Ex Chemicals | Profile | |
| Ronan Cassidy | Chief Human Resource Corporate Officer | Profile | |
| Sinead Gorman | CFO Director | Profile |