Galp Energa Correlations
| GLPEY Stock | USD 9.35 0.20 2.19% |
The current 90-days correlation between Galp Energa and Galp Energia SGPS is 0.09 (i.e., Significant diversification). 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.
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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| 0.79 | RYDAF | Shell PLC | PairCorr |
| 0.95 | SHEL | Shell PLC ADR | PairCorr |
| 0.92 | TTFNF | TotalEnergies SE Earnings Call This Week | PairCorr |
| 0.94 | TTE | TotalEnergies SE ADR Earnings Call This Week | PairCorr |
| 0.83 | PCCYF | PetroChina | PairCorr |
| 0.75 | CPA | Copa Holdings SA | PairCorr |
| 0.91 | DLTR | Dollar Tree | PairCorr |
| 0.88 | CVI | CVR Energy Earnings Call This Week | PairCorr |
| 0.79 | VMI | Valmont Industries Earnings Call Today | PairCorr |
| 0.84 | BLK | BlackRock | PairCorr |
| 0.92 | BVN | Compania de Minas Earnings Call Tomorrow | PairCorr |
| 0.69 | PANW | Palo Alto Networks | PairCorr |
| 0.61 | BBVXF | Banco Bilbao Vizcaya | PairCorr |
| 0.83 | CFG | Citizens Financial Group, | PairCorr |
| 0.75 | BKNG | Booking Holdings | PairCorr |
| 0.71 | IGI | Western Asset Investment | PairCorr |
| 0.82 | MSFT | Microsoft Aggressive Push | PairCorr |
| 0.91 | AMSC | American Superconductor | PairCorr |
| 0.78 | LAES | SEALSQ Corp Aggressive Push | PairCorr |
| 0.66 | NVR | NVR Inc Earnings Call Tomorrow | PairCorr |
| 0.66 | BFST | Business First Bancshares Earnings Call This Week | PairCorr |
| 0.79 | NEE-PT | NextEra Energy, Earnings Call Today | PairCorr |
| 0.85 | CHEOY | CochLear ADR | PairCorr |
Moving against Galp Pink Sheet
| 0.64 | LION | Lionsgate Studios Holding Sell-off Trend | 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 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CSUAY | 1.26 | 0.09 | (0.02) | 2.49 | 2.05 | 2.45 | 12.85 | |||
| GLPEF | 2.70 | 0.39 | 0.05 | 2.58 | 3.03 | 9.14 | 19.26 | |||
| IPXHY | 1.10 | 0.22 | 0.02 | (0.46) | 1.24 | 2.67 | 6.50 | |||
| OGFGY | 0.92 | 0.22 | 0.03 | 2.00 | 1.05 | 4.79 | 15.09 | |||
| OMVKY | 1.33 | 0.11 | 0.02 | 0.41 | 1.84 | 2.74 | 13.31 | |||
| REPYY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SSLZY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TTE | 1.06 | 0.15 | 0.01 | (6.74) | 1.18 | 2.55 | 6.78 | |||
| UNTC | 1.08 | 0.07 | (0.05) | (1.08) | 1.48 | 2.75 | 9.50 |
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
| 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 |