Naturgy Energy Related Correlations

GASNF Stock

USD 21.75 0.00 0.00%

Generate correlation matrix for Naturgy Energy and other related equities to check the degree to which Naturgy Energy Group price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for Naturgy Energy Group. To filter out specific equities, please toggle its corresponding legend item. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Naturgy Energy Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

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Please note, there is a significant difference between Naturgy Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Naturgy Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Naturgy Energy'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.

Correlations

	AHCHY	SSMXY	PPCCY	AQUI	MSTSX	ABHYX	LBHIX	SCAXF	VIASP	RRTLX
AHCHY		0.02	0.67	0.0	0.29	-0.22	-0.05	0.0	0.19	0.35	AHCHY
SSMXY	0.02		0.43	0.0	0.19	-0.08	0.5	0.0	-0.38	0.11	SSMXY
PPCCY	0.67	0.43		0.0	0.62	0.1	0.47	0.0	0.17	0.63	PPCCY
AQUI	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	AQUI
MSTSX	0.29	0.19	0.62	0.0		0.5	0.66	0.0	0.57	0.89	MSTSX
ABHYX	-0.22	-0.08	0.1	0.0	0.5		0.52	0.0	0.62	0.56	ABHYX
LBHIX	-0.05	0.5	0.47	0.0	0.66	0.52		0.0	0.36	0.73	LBHIX
SCAXF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	SCAXF
VIASP	0.19	-0.38	0.17	0.0	0.57	0.62	0.36	0.0		0.76	VIASP
RRTLX	0.35	0.11	0.63	0.0	0.89	0.56	0.73	0.0	0.76		RRTLX
	AHCHY	SSMXY	PPCCY	AQUI	MSTSX	ABHYX	LBHIX	SCAXF	VIASP	RRTLX

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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

RRTLX	+ 0.89	MSTSX
RRTLX	+ 0.76	VIASP
RRTLX	+ 0.73	LBHIX
PPCCY	+ 0.67	AHCHY
LBHIX	+ 0.66	MSTSX
RRTLX	+ 0.63	PPCCY

High negative correlations

VIASP	- 0.38	SSMXY
ABHYX	- 0.22	AHCHY
ABHYX	- 0.08	SSMXY
LBHIX	- 0.05	AHCHY
RRTLX	- 0.0	SCAXF
VIASP	- 0.0	SCAXF

Risk-Adjusted Indicators

There is a big difference between Naturgy Pink Sheet performing well and Naturgy Energy 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 Naturgy Energy'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
AHCHY	1.38	0.09	0.01	2.59	1.81	(1.33)	4.00	(2.90)	8.75
SSMXY	1.46	(0.21)	0.00	(0.25)	0.00	0.00	2.52	(2.83)	8.46
PPCCY	1.57	0.03	(0.01)	0.21	1.93	(1.95)	2.95	(3.12)	14.81
AQUI	0.63	0.28	0.00	0.88	0.00	0.00	0.00	0.00	20.00
MSTSX	0.46	0.06	(0.02)	1.87	0.60	(0.51)	1.03	(1.06)	3.20
ABHYX	0.16	0.00	(0.18)	0.09	0.18	(0.22)	0.45	(0.34)	1.61
LBHIX	0.19	(0.03)	0.00	(0.06)	0.00	0.00	0.49	(0.48)	1.21
SCAXF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VIASP	1.34	0.14	0.07	0.21	1.89	(1.44)	3.19	(2.60)	13.41
RRTLX	0.27	(0.03)	(0.18)	0.01	0.30	(0.31)	0.52	(0.59)	1.46

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Naturgy Energy Related Correlations

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