Galp Energa Correlations
| GLPEY Stock | USD 10.33 0.08 0.77% |
The correlation of Galp Energa 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Galp Energa moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Galp Energa moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Modest diversification
The correlation between Galp Energa and NYA is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Galp Energa and NYA in the same portfolio, assuming nothing else is changed.
Galp |
The ability to find closely correlated positions to Galp Energa could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Galp Energa 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 Galp Energa - 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 Galp Energa to buy it.
Moving together with Galp Pink Sheet
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| 0.75 | PCCYF | PetroChina | PairCorr |
| 0.61 | AMKBF | AP Mller | PairCorr |
| 0.73 | REVG | Rev Group Financial Report 13th of June 2024 | PairCorr |
Moving against Galp Pink Sheet
| 0.93 | BKRKY | Bank Rakyat Normal Trading | PairCorr |
| 0.86 | TLKMF | Telkom Indonesia Tbk | PairCorr |
| 0.84 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.79 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.76 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.59 | PBCRY | Bank Central Asia | PairCorr |
| 0.54 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.44 | PBCRF | PT Bank Central | PairCorr |
| 0.66 | CETXP | Cemtrex Pref | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Galp Pink Sheet performing well and Galp Energa 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 Galp Energa'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EQNR | 0.97 | 0.22 | 0.14 | 1.18 | 0.89 | 2.03 | 4.85 | |||
| TTE | 0.77 | 0.17 | 0.11 | 0.84 | 0.83 | 1.72 | 5.51 | |||
| EC | 1.28 | 0.16 | 0.05 | 1.31 | 1.62 | 3.21 | 8.58 | |||
| NFG | 0.91 | 0.29 | 0.23 | 1.64 | 0.57 | 2.69 | 5.17 | |||
| TGS | 2.67 | 0.42 | 0.19 | 0.23 | 2.36 | 6.52 | 21.78 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Galp Energa 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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Galp Energa Corporate Management
Elected by the shareholders, the Galp Energa's board of directors comprises two types of representatives: Galp Energa inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Galp. The board's role is to monitor Galp Energa's management team and ensure that shareholders' interests are well served. Galp Energa'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, Galp Energa's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Otelo Ruivo | Head Relations | Profile | |
| Tiago VillasBoas | Chief Segment | Profile | |
| Pedro Dias | Head of Strategy and Investor Relations | Profile | |
| Andrew Brown | Vice CEO | Profile | |
| Laura Santos | Head Audit | Profile |
Already Invested in Galp Energa?
The danger of trading Galp Energa is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Galp Energa is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Galp Energa. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Galp Energa is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Galp Energa. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. Note that the Galp Energa information on this page should be used as a complementary analysis to other Galp Energa's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Complementary Tools for Galp Pink Sheet analysis
When running Galp Energa's price analysis, check to measure Galp Energa's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Galp Energa is operating at the current time. Most of Galp Energa's value examination focuses on studying past and present price action to predict the probability of Galp Energa's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Galp Energa's price. Additionally, you may evaluate how the addition of Galp Energa to your portfolios can decrease your overall portfolio volatility.
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