Shell PLC Correlations
| SHEL Stock | USD 73.13 0.36 0.49% |
The correlation of Shell PLC 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 Shell PLC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Shell 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.
Weak diversification
The correlation between Shell PLC ADR and NYA is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Shell PLC ADR and NYA in the same portfolio, assuming nothing else is changed.
Shell |
The ability to find closely correlated positions to Shell 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 Shell 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 Shell 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 Shell PLC ADR to buy it.
Moving together with Shell Stock
| 0.84 | E | Eni SpA ADR Financial Report 26th of April 2024 | PairCorr |
| 0.95 | BP | BP PLC ADR Financial Report 7th of May 2024 | PairCorr |
| 0.92 | SU | Suncor Energy Financial Report 13th of May 2024 | PairCorr |
| 0.96 | CVE | Cenovus Energy Earnings Call This Week | PairCorr |
| 0.88 | CVX | Chevron Corp Earnings Call This Week | PairCorr |
| 0.9 | IMO | Imperial Oil Earnings Call This Week | PairCorr |
| 0.88 | NFG | National Fuel Gas Financial Report 1st of May 2024 | PairCorr |
| 0.7 | TGS | Transportadora de Gas Financial Report 13th of May 2024 | PairCorr |
| 0.97 | TTE | TotalEnergies SE ADR Earnings Call This Week | PairCorr |
| 0.97 | XOM | Exxon Mobil Corp Earnings Call This Week | PairCorr |
| 0.91 | YPF | YPF Sociedad Anonima Financial Report 9th of May 2024 | PairCorr |
| 0.62 | DINO | HF Sinclair Corp Sell-off Trend | PairCorr |
| 0.79 | AE | Adams Resources Energy Financial Report 14th of May 2024 | PairCorr |
| 0.77 | AM | Antero Midstream Partners Earnings Call Tomorrow | PairCorr |
| 0.88 | AR | Antero Resources Corp Earnings Call Tomorrow | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Shell Stock performing well and Shell PLC 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 Shell PLC'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| XOM | 0.79 | 0.31 | 0.30 | 0.75 | 0.45 | 1.96 | 4.66 | |||
| CVX | 0.75 | 0.17 | 0.13 | 0.44 | 0.74 | 1.99 | 5.97 | |||
| TTE | 0.79 | 0.16 | 0.10 | 0.43 | 0.90 | 1.81 | 4.92 | |||
| PBR | 1.47 | 0.03 | 0.02 | 0.11 | 2.35 | 2.85 | 16.41 | |||
| EQNR | 1.16 | (0.08) | 0.00 | (0.12) | 0.00 | 1.87 | 9.62 | |||
| BP | 0.79 | 0.18 | 0.15 | 0.35 | 0.60 | 1.83 | 8.10 | |||
| E | 0.92 | 0.05 | 0.01 | 0.18 | 1.15 | 1.74 | 5.48 | |||
| GLPEY | 1.48 | 0.38 | 0.30 | 0.53 | 0.79 | 2.75 | 6.19 | |||
| SU | 1.02 | 0.33 | 0.21 | 2.37 | 0.87 | 2.45 | 7.42 | |||
| EC | 1.29 | 0.03 | 0.01 | 0.12 | 1.69 | 2.49 | 7.91 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Shell 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.Did you try this?
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Shell PLC Corporate Directors
Shell PLC corporate directors refer to members of a Shell PLC board of directors. The board of directors generally takes responsibility for the Shell 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 Shell PLC's board members must vote for the resolution. The Shell PLC board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Philippa Bounds | Legal Director | Profile | |
| Wael Sawan | Member of the Executive Board, Integrated Gas, Renewables and Energy Solutions Director | Profile | |
| Jessica Uhl | Chief Financial Officer, Member of the Executive Committee, Executive Director | Profile | |
| Jane Lute | Non-Executive Independent Director | Profile |
Already Invested in Shell PLC ADR?
The danger of trading Shell 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 Shell 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 Shell PLC. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Shell 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.
When determining whether Shell PLC ADR is a strong investment it is important to analyze Shell PLC's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Shell PLC's future performance. For an informed investment choice regarding Shell Stock, refer to the following important reports: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Shell PLC ADR. 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 Shell PLC ADR information on this page should be used as a complementary analysis to other Shell 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 the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Complementary Tools for Shell Stock analysis
When running Shell PLC's price analysis, check to measure Shell 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 Shell PLC is operating at the current time. Most of Shell PLC's value examination focuses on studying past and present price action to predict the probability of Shell PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shell PLC's price. Additionally, you may evaluate how the addition of Shell PLC to your portfolios can decrease your overall portfolio volatility.
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Is Shell PLC's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Shell PLC. If investors know Shell will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Shell PLC listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.95) | Dividend Share 1.294 | Earnings Share 5.7 | Revenue Per Share 94.044 | Quarterly Revenue Growth (0.22) |
The market value of Shell PLC ADR is measured differently than its book value, which is the value of Shell that is recorded on the company's balance sheet. Investors also form their own opinion of Shell PLC's value that differs from its market value or its book value, called intrinsic value, which is Shell PLC's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Shell PLC's market value can be influenced by many factors that don't directly affect Shell PLC's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Shell PLC's value and its price as these two are different measures arrived at by different means. Investors typically determine if Shell PLC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Shell 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.