Rolls-Royce Holdings Correlations
| RLLCF Stock | USD 0.01 0.0005 8.20% |
The current 90-days correlation between Rolls Royce Holdings and Barrick Mining is 0.04 (i.e., Significant diversification). The correlation of Rolls-Royce Holdings 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.
Rolls-Royce Holdings Correlation With Market
Average diversification
The correlation between Rolls Royce Holdings plc and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rolls Royce Holdings plc and DJI in the same portfolio, assuming nothing else is changed.
Rolls-Royce |
The ability to find closely correlated positions to Rolls-Royce Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Rolls-Royce Holdings 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 Rolls-Royce Holdings - 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 Rolls Royce Holdings plc to buy it.
Moving together with Rolls-Royce Pink Sheet
| 0.79 | BA | Boeing Aggressive Push | PairCorr |
| 0.68 | EADSF | Airbus Group SE | PairCorr |
| 0.67 | EADSY | Airbus Group NV | PairCorr |
| 0.64 | TDG | Transdigm Group | PairCorr |
| 0.72 | HWM | Howmet Aerospace | PairCorr |
| 0.69 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.65 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.66 | PBCRY | Bank Central Asia | PairCorr |
| 0.68 | AVDL | Avadel Pharmaceuticals | PairCorr |
| 0.76 | SPHR | Sphere Entertainment | PairCorr |
| 0.81 | NAVI | Navient Corp | PairCorr |
| 0.69 | EPR | EPR Properties | PairCorr |
| 0.64 | 505742AM8 | Ladder Capital Finance | PairCorr |
| 0.71 | PANW | Palo Alto Networks | PairCorr |
Moving against Rolls-Royce Pink Sheet
Related Correlations Analysis
| 0.68 | 0.0 | 0.86 | 0.59 | 0.48 | -0.49 | B | ||
| 0.68 | 0.35 | 0.8 | 0.81 | 0.56 | -0.2 | HUSIF | ||
| 0.0 | 0.35 | 0.09 | 0.65 | 0.62 | 0.55 | VMC | ||
| 0.86 | 0.8 | 0.09 | 0.63 | 0.45 | -0.53 | KUYAF | ||
| 0.59 | 0.81 | 0.65 | 0.63 | 0.83 | 0.11 | CTGO | ||
| 0.48 | 0.56 | 0.62 | 0.45 | 0.83 | 0.19 | PMNXF | ||
| -0.49 | -0.2 | 0.55 | -0.53 | 0.11 | 0.19 | CAPNU | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Rolls-Royce Pink Sheet performing well and Rolls-Royce Holdings 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 Rolls-Royce Holdings' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| B | 1.95 | 0.12 | 0.03 | 0.39 | 2.60 | 3.41 | 13.64 | |||
| HUSIF | 2.15 | 0.66 | 0.12 | (3.39) | 1.81 | 6.67 | 18.15 | |||
| VMC | 1.27 | 0.11 | 0.06 | 0.21 | 1.38 | 2.73 | 10.64 | |||
| KUYAF | 3.37 | 0.34 | 0.06 | 0.50 | 3.21 | 10.00 | 22.03 | |||
| CTGO | 3.61 | 1.09 | 0.31 | 1.88 | 2.88 | 10.50 | 22.27 | |||
| PMNXF | 1.95 | 0.13 | 0.03 | 0.72 | 2.64 | 5.77 | 13.58 | |||
| CAPNU | 0.31 | 0.02 | 0.00 | 0.58 | 0.00 | 0.00 | 16.03 |
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Rolls-Royce Holdings Corporate Management
| Grazia Vittadini | Chief Officer | Profile | |
| Sarah Armstrong | Chief Officer | Profile | |
| David CBE | CEO Director | Profile | |
| Edward Pease | VP America | Profile | |
| Panos Kakoullis | CFO Director | Profile | |
| Mark Gregory | General Counsel | Profile | |
| Richard Wray | Director Brand | Profile |