Glencore PLC Correlations

Pink Sheets . USA . 
Stock . Glencore PLC ADR
GLNCY Stock  USD 10.49  0.25  2.44%   
The correlation of Glencore PLC is a statistical measure of how it moves in relation to other equities. 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 Glencore PLC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Glencore PLC ADR 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.
Please check Risk vs Return Analysis.
  
The ability to find closely correlated positions to Glencore 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 Glencore 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 Glencore 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 Glencore PLC ADR to buy it.

Moving together with Glencore PLC

+0.64RIORio Tinto ADRPairCorr
+1.0GLCNFGlencore PLCPairCorr
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+0.88CVXChevron Corp Fiscal Quarter End 31st of March 2023 PairCorr
+0.76HDHome Depot Fiscal Quarter End 30th of April 2023 PairCorr
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Moving against Glencore PLC

-0.57GEGeneral Electric Fiscal Quarter End 31st of March 2023 PairCorr

Related Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
ISTAX
+ 0.84
MSTSX
DALN
+ 0.82
MSTSX
ISTAX
+ 0.77
BHP
MSTSX
+ 0.74
BHP
ISTAX
+ 0.66
LIDR
ISTAX
+ 0.64
DALN
  
High negative correlations   
MLGF
- 0.63
OREAF
MLGF
- 0.4
BHP
MLGF
- 0.37
DALN
MLGF
- 0.34
MSTSX
MLGF
- 0.33
RYPPF
MLGF
- 0.17
ISTAX

Risk-Adjusted Indicators

Nowadays, there is a big difference between Glencore Pink Sheet performing well and Glencore PLC company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Glencore PLC's multiple risk-adjusted performance indicators. 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		Information
Ratio		Expected
Shortfall		Potential
Upside		Value
At Risk		Maximum
Drawdown
BHP 1.34  0.02  0.00 (0.06)  0.00  0.0106  0.00  2.51 (3.64)  8.90 
MSTSX 0.82 (0.03)  0.00  0.09  0.00  0.07  0.00  1.65 (1.75)  4.57 
LIDR 5.25 (0.82)  0.00 (0.51)  0.00 (0.13)  0.00  11.43 (11.59)  32.36 
DALN 1.83  0.13  0.04  0.12  3.75  0.06 (1.68)  3.41 (4.00)  22.53 
RYPPF 9.11  1.46  0.06 (0.74)  10.23  0.09 (35.08)  40.50 (26.00)  126.00 
ISTAX 0.90 (0.02)  0.00 (0.10)  0.00 (0.0192)  0.00  1.49 (2.34)  5.24 
OREAF 1.78  0.36  0.00  9.77  0.00  0.09  0.00  0.71  0.00  41.07 
MLGF 0.81 (0.03)  0.00 (0.19)  0.00  0.0162  0.00  1.72 (2.08)  11.58 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Glencore 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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Glencore PLC Corporate Directors

Glencore PLC corporate directors refer to members of a Glencore PLC board of directors. The board of directors generally takes responsibility for the Glencore PLC's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Glencore PLC's board members must vote for the resolution. The Glencore PLC board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Martin GilbertNon-Executive Independent DirectorProfile
Gill MarcusNon-Executive Independent DirectorProfile
William MaCaulayIndependent Non-Executive DirectorProfile
Leonhard FischerIndependent Non-Executive DirectorProfile

Already Invested in Glencore PLC ADR?

The danger of trading Glencore PLC ADR 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 Glencore PLC 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 Glencore PLC. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Glencore PLC ADR 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.
Please check Risk vs Return Analysis. Note that the Glencore PLC ADR information on this page should be used as a complementary analysis to other Glencore PLC'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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.

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When running Glencore PLC ADR price analysis, check to measure Glencore PLC'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 Glencore PLC is operating at the current time. Most of Glencore PLC's value examination focuses on studying past and present price action to predict the probability of Glencore PLC's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Glencore PLC's price. Additionally, you may evaluate how the addition of Glencore PLC to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Glencore PLC's value and its price as these two are different measures arrived at by different means. Investors typically determine Glencore PLC value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Glencore PLC's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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