TotalEnergies Correlations

TTFNF Stock

USD 59.71 0.78 1.29%

The current 90-days correlation between TotalEnergies SE and PetroChina Co Ltd is -0.17 (i.e., Good 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.

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

Moving together with TotalEnergies Pink Sheet

0.62	CVX	Chevron Corp	Pair Corr
0.85	RYDAF	Shell PLC	Pair Corr
0.94	SHEL	Shell PLC ADR	Pair Corr
0.98	TTE	TotalEnergies SE ADR	Pair Corr
0.66	PBMRF	PT Bumi Resources Earnings Call This Week	Pair Corr
0.81	AAVMY	ABN AMRO Bank	Pair Corr
0.61	PLTR	Palantir Technologies	Pair Corr
0.64	KO	Coca Cola	Pair Corr
0.64	SDVKF	Sandvik AB	Pair Corr
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0.79	PDD	PDD Holdings	Pair Corr
0.72	CRWD	Crowdstrike Holdings Earnings Call Tomorrow	Pair Corr
0.61	ADYYF	Adyen NV	Pair Corr
0.69	T	ATT Inc Aggressive Push	Pair Corr
0.85	ATRC	AtriCure	Pair Corr
0.61	BLAGF	Blue Lagoon Resources	Pair Corr
0.62	COST	Costco Wholesale Corp	Pair Corr
0.64	TVE	Tennessee Valley Aut	Pair Corr

Moving against TotalEnergies Pink Sheet

0.44

PBCRF

PT Bank Central

Pair Corr

Related Correlations Analysis

	EIPAF	MGYOY	PCCYF	STOHF	RYDAF	OGFGY	BPAQF	SNPMF	SHEL	EQNR
EIPAF		0.23	0.13	0.26	0.32	-0.11	0.27	0.14	0.32	-0.11	EIPAF
MGYOY	0.23		0.65	0.2	0.68	-0.11	0.89	0.34	0.69	0.05	MGYOY
PCCYF	0.13	0.65		0.41	0.38	0.04	0.55	0.46	0.34	0.3	PCCYF
STOHF	0.26	0.2	0.41		0.48	0.05	0.3	0.27	0.51	0.73	STOHF
RYDAF	0.32	0.68	0.38	0.48		-0.1	0.75	0.22	0.9	0.37	RYDAF
OGFGY	-0.11	-0.11	0.04	0.05	-0.1		-0.29	0.07	-0.21	0.07	OGFGY
BPAQF	0.27	0.89	0.55	0.3	0.75	-0.29		0.25	0.81	0.12	BPAQF
SNPMF	0.14	0.34	0.46	0.27	0.22	0.07	0.25		0.15	0.25	SNPMF
SHEL	0.32	0.69	0.34	0.51	0.9	-0.21	0.81	0.15		0.4	SHEL
EQNR	-0.11	0.05	0.3	0.73	0.37	0.07	0.12	0.25	0.4		EQNR
	EIPAF	MGYOY	PCCYF	STOHF	RYDAF	OGFGY	BPAQF	SNPMF	SHEL	EQNR

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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

SHEL	+ 0.9	RYDAF
BPAQF	+ 0.89	MGYOY
SHEL	+ 0.81	BPAQF
BPAQF	+ 0.75	RYDAF
EQNR	+ 0.73	STOHF
SHEL	+ 0.69	MGYOY

High negative correlations

BPAQF	- 0.29	OGFGY
SHEL	- 0.21	OGFGY
OGFGY	- 0.11	MGYOY
EQNR	- 0.11	EIPAF
OGFGY	- 0.11	EIPAF
OGFGY	- 0.1	RYDAF

Risk-Adjusted Indicators

There is a big difference between TotalEnergies Pink Sheet 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
EIPAF	1.98	(0.01)	0.01	(0.01)	2.82	(3.87)	6.33	(5.59)	17.34
MGYOY	1.51	0.17	0.10	0.92	1.77	(1.74)	3.60	(2.90)	9.63
PCCYF	1.98	0.14	0.05	1.15	2.35	(3.42)	5.48	(3.90)	18.83
STOHF	1.30	0.03	0.03	(0.15)	1.58	(1.92)	3.67	(3.20)	10.10
RYDAF	1.78	0.07	0.05	(5.43)	1.90	(2.18)	5.06	(2.97)	11.74
OGFGY	1.22	0.02	0.01	(0.17)	2.27	(3.13)	4.15	(3.90)	14.08
BPAQF	1.48	0.18	0.11	1.12	1.63	(1.71)	2.78	(2.66)	9.36
SNPMF	3.06	0.10	0.03	(0.08)	3.32	(5.20)	7.55	(6.90)	22.20
SHEL	0.86	0.05	0.05	0.09	1.09	(0.84)	2.23	(1.91)	5.34
EQNR	1.59	(0.06)	0.00	(0.36)	0.00	0.00	3.50	(3.59)	9.90

Be your own money manager

Our tools can tell you how much better you can do entering a position in TotalEnergies 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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TotalEnergies Corporate Management

Michel Hourcard	Sr. VP of Devel. and Operations Techniques - Exploration/Production and Sr. VP of Scientific and Technical Center	Profile
Aurlien Hamelle	VP Legal	Profile
JacquesEmmanuel Saulnier	Member of the Management Committee - Corporate	Profile
MarieNolle Semeria	VP CTO	Profile
Francoise Leroy	Head Acquisitions	Profile
JeanMarc Jaubert	Member of the Management Committee - Refining and Chemicals	Profile
JeanPierre Sbraire	Chief Officer	Profile

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