Shell Plc Correlations

SHEL Stock

2,492 30.00 1.19%

The current 90-days correlation between Shell plc and Enbridge is -0.02 (i.e., Good 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Shell Plc Correlation With Market

Good diversification

The correlation between Shell plc and DJI is -0.03 (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.

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 against Shell Stock

0.36

BLU

Blue Star Capital

Pair Corr

Related Correlations Analysis

	0A1O	0KTI	0Y5F	BGEO	RR	DEC	QBT	SMDS	BLU
0A1O		0.86	-0.78	0.91	0.63	0.86	0.76	0.91	-0.34	0A1O
0KTI	0.86		-0.62	0.76	0.78	0.87	0.62	0.79	-0.37	0KTI
0Y5F	-0.78	-0.62		-0.9	-0.3	-0.83	-0.8	-0.8	0.35	0Y5F
BGEO	0.91	0.76	-0.9		0.46	0.86	0.85	0.93	-0.45	BGEO
RR	0.63	0.78	-0.3	0.46		0.49	0.4	0.47	-0.33	RR
DEC	0.86	0.87	-0.83	0.86	0.49		0.7	0.87	-0.2	DEC
QBT	0.76	0.62	-0.8	0.85	0.4	0.7		0.77	-0.51	QBT
SMDS	0.91	0.79	-0.8	0.93	0.47	0.87	0.77		-0.33	SMDS
BLU	-0.34	-0.37	0.35	-0.45	-0.33	-0.2	-0.51	-0.33		BLU
	0A1O	0KTI	0Y5F	BGEO	RR	DEC	QBT	SMDS	BLU

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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

SMDS	+ 0.93	BGEO
BGEO	+ 0.91	0A1O
SMDS	+ 0.91	0A1O
DEC	+ 0.87	0KTI
SMDS	+ 0.87	DEC
0KTI	+ 0.86	0A1O

High negative correlations

BGEO	- 0.9	0Y5F
DEC	- 0.83	0Y5F
SMDS	- 0.8	0Y5F
QBT	- 0.8	0Y5F
0Y5F	- 0.78	0A1O
0Y5F	- 0.62	0KTI

Risk-Adjusted Indicators

There is a big difference between Shell Stock 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
0A1O	1.53	0.35	0.11	1.29	1.99	(1.56)	3.63	(2.93)	13.63
0KTI	0.80	0.36	0.32	2.57	0.26	(1.01)	2.19	(1.05)	6.22
0Y5F	0.76	(0.04)	0.00	(0.30)	0.00	0.00	1.49	(1.69)	5.20
BGEO	1.61	0.20	0.05	1.10	1.86	(1.95)	3.46	(3.13)	11.81
RR	1.28	0.33	0.12	(0.81)	1.12	(1.46)	3.21	(2.45)	9.54
DEC	1.81	0.66	0.23	(3.78)	1.60	(2.03)	5.31	(3.36)	12.90
QBT	4.01	0.74	0.08	(0.76)	3.84	(8.00)	11.43	(7.02)	31.15
SMDS	1.32	0.33	0.12	(0.80)	1.16	(1.57)	2.50	(2.43)	16.69
BLU	2.45	0.13	0.00	(0.04)	0.00	0.00	12.50	(12.50)	52.50

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.

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Shell Plc Corporate Management

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

Stephanie Boyde	Executive Operations	Profile
Rachel Solway	Chief Officer	Profile
Donny Ching	Legal Director	Profile
Graham Hoff	Executive Chemicals	Profile
Ronan Cassidy	Chief Officer	Profile

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