TotalEnergies Correlations

TTE Stock

USD 63.36 0.70 1.09%

The current 90-days correlation between TotalEnergies SE ADR and BP PLC ADR is 0.54 (i.e., Very weak diversification). The correlation of TotalEnergies 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.

TotalEnergies Correlation With Market

Modest diversification

The correlation between TotalEnergies SE ADR and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TotalEnergies SE ADR and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TotalEnergies SE ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with TotalEnergies Stock

0.93	E	Eni SpA ADR	Pair Corr
0.93	BP	BP PLC ADR	Pair Corr
0.9	EC	Ecopetrol SA ADR	Pair Corr
0.86	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.74	IMO	Imperial Oil	Pair Corr
0.96	NFG	National Fuel Gas	Pair Corr
0.76	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.95	SHEL	Shell PLC ADR	Pair Corr
0.93	AM	Antero Midstream Partners	Pair Corr
0.69	AR	Antero Resources Corp	Pair Corr
0.72	DNOW	Now Inc	Pair Corr

Moving against TotalEnergies Stock

0.82	VIVK	Vivakor	Pair Corr
0.76	YPF	YPF Sociedad Anonima	Pair Corr
0.59	TGS	Transportadora de Gas	Pair Corr
0.56	SKYQ	Sky Quarry	Pair Corr
0.43	EP	Empire Petroleum Corp Earnings Call This Week	Pair Corr
0.42	EE	Excelerate Energy	Pair Corr
0.36	CVE	Cenovus Energy	Pair Corr
0.66	DLNG	Dynagas LNG Partners	Pair Corr
0.63	EFXT	Enerflex	Pair Corr
0.62	VIST	Vista Oil Gas	Pair Corr
0.61	HP	Helmerich and Payne	Pair Corr
0.61	WFRD	Weatherford International	Pair Corr
0.56	DMLP	Dorchester Minerals	Pair Corr
0.5	SM	SM Energy	Pair Corr
0.49	NE	Noble plc	Pair Corr
0.43	VNOM	Viper Energy Ut	Pair Corr
0.36	VTLE	Vital Energy	Pair Corr

Related Correlations Analysis

	BP	SHEL	PBR	SU	TTE	XOM	CVE	IMO	PBR-A
BP		0.91	0.67	0.61	0.93	0.76	-0.14	0.75	0.61	BP
SHEL	0.91		0.59	0.5	0.95	0.86	-0.3	0.73	0.48	SHEL
PBR	0.67	0.59		0.83	0.57	0.53	0.35	0.74	0.92	PBR
SU	0.61	0.5	0.83		0.48	0.47	0.52	0.75	0.67	SU
TTE	0.93	0.95	0.57	0.48		0.76	-0.36	0.74	0.48	TTE
XOM	0.76	0.86	0.53	0.47	0.76		-0.14	0.72	0.49	XOM
CVE	-0.14	-0.3	0.35	0.52	-0.36	-0.14		0.05	0.32	CVE
IMO	0.75	0.73	0.74	0.75	0.74	0.72	0.05		0.67	IMO
PBR-A	0.61	0.48	0.92	0.67	0.48	0.49	0.32	0.67		PBR-A
	BP	SHEL	PBR	SU	TTE	XOM	CVE	IMO	PBR-A

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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

TTE	+ 0.95	SHEL
TTE	+ 0.93	BP
PBR-A	+ 0.92	PBR
SHEL	+ 0.91	BP
XOM	+ 0.86	SHEL
SU	+ 0.83	PBR

High negative correlations

CVE	- 0.36	TTE
CVE	- 0.3	SHEL
CVE	- 0.14	XOM
CVE	- 0.14	BP

Risk-Adjusted Indicators

There is a big difference between TotalEnergies Stock performing well and TotalEnergies 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 TotalEnergies' 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
BP	1.08	0.26	0.20	0.66	1.27	(1.17)	2.50	(2.18)	10.62
SHEL	0.84	0.21	0.21	0.45	0.92	(0.86)	1.93	(1.91)	5.34
PBR	1.22	0.15	0.10	0.28	1.67	(1.24)	3.07	(2.21)	10.11
SU	1.18	0.08	0.07	0.09	1.61	(1.20)	2.74	(2.60)	9.19
TTE	0.78	0.23	0.27	0.72	0.73	(0.85)	1.87	(1.44)	4.36
XOM	1.06	0.11	0.10	0.17	1.39	(1.08)	2.55	(2.36)	5.89
CVE	1.58	(0.02)	0.00	(0.09)	0.00	0.00	2.66	(2.91)	14.33
IMO	1.38	0.15	0.08	0.15	1.92	(1.45)	2.89	(2.67)	11.00
PBR-A	1.26	0.08	0.06	0.10	1.77	(1.28)	2.51	(2.32)	8.79

TotalEnergies Corporate Management

Romain GarciaIvaldi	Director - Employee Representative	Profile
Jean Lemierre	Independent Director	Profile
Patrick Pouyann	CEO Chairman	Profile
Martin Deffontaines	Senior Management	Profile
Aurlien Hamelle	Senior Legal	Profile

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