Siemens Energy Correlations
| SMEGF Stock | USD 54.90 3.32 6.44% |
The current 90-days correlation between Siemens Energy AG and Schneider Electric SE is 0.17 (i.e., Average diversification). The correlation of Siemens Energy 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.
Siemens Energy Correlation With Market
Average diversification
The correlation between Siemens Energy AG and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Siemens Energy AG and DJI in the same portfolio, assuming nothing else is changed.
Siemens |
The ability to find closely correlated positions to Siemens Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Siemens Energy 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 Siemens Energy - 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 Siemens Energy AG to buy it.
Moving together with Siemens Pink Sheet
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| 0.91 | ITW | Illinois Tool Works | PairCorr |
| 0.9 | EMR | Emerson Electric | PairCorr |
| 0.77 | JXN-PA | Jackson Financial | PairCorr |
| 0.91 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.88 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.83 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.93 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.87 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.8 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.8 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.91 | DIS | Walt Disney Sell-off Trend | PairCorr |
| 0.82 | HD | Home Depot | PairCorr |
| 0.72 | HPQ | HP Inc | PairCorr |
| 0.92 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
| 0.78 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
Moving against Siemens Pink Sheet
| 0.8 | SGD | Safe and Green | PairCorr |
| 0.79 | QLGN | Qualigen Therapeutics | PairCorr |
| 0.76 | MULN | Mullen Automotive | PairCorr |
| 0.75 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
Related Correlations Analysis
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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 Siemens Pink Sheet performing well and Siemens Energy 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 Siemens Energy'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SBGSF | 1.76 | (0.06) | (0.04) | 0.05 | 2.19 | 3.39 | 11.75 | |||
| VWDRY | 2.29 | (0.43) | 0.00 | 0.74 | 0.00 | 4.52 | 18.47 | |||
| HI | 2.31 | (0.15) | 0.01 | 0.06 | 2.56 | 3.79 | 14.46 | |||
| GNRC | 1.65 | 0.17 | 0.09 | 0.26 | 1.77 | 3.16 | 11.98 | |||
| AMROF | 0.24 | 0.01 | 0.00 | 0.05 | 0.00 | 0.00 | 7.85 | |||
| AUUMF | 0.36 | (0.12) | 0.00 | 1.15 | 0.00 | 0.00 | 7.83 | |||
| ATLCY | 1.23 | (0.28) | 0.00 | (0.19) | 0.00 | 2.61 | 9.90 | |||
| ATLFF | 0.50 | 0.21 | 0.00 | 2.05 | 0.00 | 0.83 | 9.76 | |||
| ALFVF | 0.16 | 0.08 | 0.00 | (1.30) | 0.00 | 0.00 | 5.20 | |||
| ATLPF | 1.03 | 0.10 | 0.00 | (1.15) | 0.00 | 4.58 | 20.38 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Siemens Energy 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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Siemens Energy Corporate Management
| Christian Bruch | Pres CEO | Profile | |
| Tim Holt | Member Board | Profile | |
| Michael Hagmann | Head Relations | Profile | |
| Maria Ferraro | CFO Board | Profile | |
| Karim Amin | Member Board | Profile | |
| Nadja Haakansson | Managing Africa | Profile | |
| Hanna Hennig | Chief Officer | Profile |