Peabody Energy Correlations
| BTU Stock | USD 22.05 0.51 2.37% |
The correlation of Peabody Energy 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 Peabody Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Peabody Energy Corp 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 Peabody Energy Corp and NYA is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Peabody Energy Corp and NYA in the same portfolio, assuming nothing else is changed.
Peabody |
The ability to find closely correlated positions to Peabody Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Peabody Energy 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 Peabody Energy - 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 Peabody Energy Corp to buy it.
Moving together with Peabody Stock
| 0.81 | HNRG | Hallador Energy Earnings Call Tomorrow | PairCorr |
Moving against Peabody Stock
| 0.73 | AR | Antero Resources Corp | PairCorr |
| 0.72 | BP | BP PLC ADR Earnings Call This Week | PairCorr |
| 0.71 | VIST | Vista Oil Gas | PairCorr |
| 0.7 | SU | Suncor Energy Earnings Call This Week | PairCorr |
| 0.67 | ET | Energy Transfer LP Earnings Call This Week | PairCorr |
| 0.65 | PR | Permian Resources Earnings Call This Week | PairCorr |
| 0.65 | SM | SM Energy | PairCorr |
| 0.64 | ARLP | Alliance Resource Report 7th of May 2024 | PairCorr |
| 0.61 | DLNG | Dynagas LNG Partners Financial Report 18th of June 2024 | PairCorr |
| 0.61 | DMLP | Dorchester Minerals | PairCorr |
| 0.6 | AM | Antero Midstream Partners | PairCorr |
| 0.58 | NR | Newpark Resources Financial Report 7th of May 2024 | PairCorr |
| 0.57 | SD | SandRidge Energy | PairCorr |
| 0.56 | AE | Adams Resources Energy Earnings Call This Week | PairCorr |
| 0.53 | DO | Diamond Offshore Drilling Earnings Call This Week | PairCorr |
| 0.52 | EC | Ecopetrol SA ADR Earnings Call This Week | PairCorr |
| 0.5 | DK | Delek Energy Earnings Call This Week | PairCorr |
| 0.48 | E | Eni SpA ADR | PairCorr |
| 0.44 | EE | Excelerate Energy Earnings Call This Week | PairCorr |
| 0.44 | NE | Noble plc 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
|
Risk-Adjusted Indicators
There is a big difference between Peabody Stock performing well and Peabody 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 Peabody 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.Be your own money manager
Our tools can tell you how much better you can do entering a position in Peabody Energy 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?
Run Global Markets Map Now
Global Markets MapGet a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes |
| All Next | Launch Module |
Peabody Energy Corporate Directors
Peabody Energy corporate directors refer to members of a Peabody Energy board of directors. The board of directors generally takes responsibility for the Peabody Energy'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 Peabody Energy's board members must vote for the resolution. The Peabody Energy board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Stephen Gorman | Independent Director | Profile | |
| Samantha Algaze | Independent Director | Profile | |
| Joe Laymon | Independent Director | Profile | |
| Teresa Madden | Independent Director | Profile |
Already Invested in Peabody Energy Corp?
The danger of trading Peabody Energy Corp 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 Peabody Energy 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 Peabody Energy. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Peabody Energy Corp 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 Peabody Energy Corp is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Peabody Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Peabody Energy Corp Stock. Highlighted below are key reports to facilitate an investment decision about Peabody Energy Corp Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Peabody Energy Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Complementary Tools for Peabody Stock analysis
When running Peabody Energy's price analysis, check to measure Peabody Energy'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 Peabody Energy is operating at the current time. Most of Peabody Energy's value examination focuses on studying past and present price action to predict the probability of Peabody Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Peabody Energy's price. Additionally, you may evaluate how the addition of Peabody Energy to your portfolios can decrease your overall portfolio volatility.
| Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| Equity Valuation Check real value of public entities based on technical and fundamental data |
Is Peabody Energy'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 Peabody Energy. If investors know Peabody 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 Peabody Energy 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 (0.84) | Dividend Share 0.3 | Earnings Share 3.61 | Revenue Per Share 34.211 | Quarterly Revenue Growth (0.28) |
The market value of Peabody Energy Corp is measured differently than its book value, which is the value of Peabody that is recorded on the company's balance sheet. Investors also form their own opinion of Peabody Energy's value that differs from its market value or its book value, called intrinsic value, which is Peabody Energy'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 Peabody Energy's market value can be influenced by many factors that don't directly affect Peabody Energy'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 Peabody Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Peabody Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Peabody 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.