TotalEnergies Correlations

TTE Stock

USD 57.73 0.04 0.07%

The current 90-days correlation between TotalEnergies SE ADR and BP PLC ADR is 0.83 (i.e., Very poor diversification). The correlation of TotalEnergies 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.

TotalEnergies Correlation With Market

Poor diversification

The correlation between TotalEnergies SE ADR and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TotalEnergies SE ADR and DJI in the same portfolio, assuming nothing else is changed.

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TotalEnergies SE ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with TotalEnergies Stock

0.87	E	Eni SpA ADR	Pair Corr
0.81	BP	BP PLC ADR	Pair Corr
0.78	EC	Ecopetrol SA ADR Earnings Call Tomorrow	Pair Corr
0.65	SU	Suncor Energy Earnings Call Tomorrow	Pair Corr
0.78	EQNR	Equinor ASA ADR	Pair Corr
0.83	CVX	Chevron Corp	Pair Corr
0.8	IMO	Imperial Oil	Pair Corr
0.62	PBR	Petroleo Brasileiro	Pair Corr
0.94	XOM	Exxon Mobil Corp	Pair Corr
0.96	SHEL	Shell PLC ADR	Pair Corr
0.7	AR	Antero Resources Corp	Pair Corr
0.76	TS	Tenaris SA ADR	Pair Corr

Moving against TotalEnergies Stock

0.46

ANNAW

AleAnna, Warrant

Pair Corr

Related Correlations Analysis

	BP	CVX	XOM	EQNR	E	EC	SHEL	PBR	NFG	TGS
BP		0.93	0.79	0.54	0.72	0.84	0.8	0.87	-0.24	0.37	BP
CVX	0.93		0.87	0.72	0.72	0.78	0.86	0.87	-0.1	0.24	CVX
XOM	0.79	0.87		0.86	0.87	0.79	0.97	0.68	0.2	0.32	XOM
EQNR	0.54	0.72	0.86		0.69	0.58	0.83	0.51	0.31	0.29	EQNR
E	0.72	0.72	0.87	0.69		0.65	0.87	0.51	0.39	0.45	E
EC	0.84	0.78	0.79	0.58	0.65		0.78	0.78	-0.15	0.37	EC
SHEL	0.8	0.86	0.97	0.83	0.87	0.78		0.66	0.21	0.32	SHEL
PBR	0.87	0.87	0.68	0.51	0.51	0.78	0.66		-0.32	0.31	PBR
NFG	-0.24	-0.1	0.2	0.31	0.39	-0.15	0.21	-0.32		0.12	NFG
TGS	0.37	0.24	0.32	0.29	0.45	0.37	0.32	0.31	0.12		TGS
	BP	CVX	XOM	EQNR	E	EC	SHEL	PBR	NFG	TGS

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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

SHEL	+ 0.97	XOM
CVX	+ 0.93	BP
PBR	+ 0.87	BP
XOM	+ 0.87	CVX
PBR	+ 0.87	CVX
E	+ 0.87	XOM

High negative correlations

NFG	- 0.32	PBR
NFG	- 0.24	BP
NFG	- 0.15	EC
NFG	- 0.1	CVX

Risk-Adjusted Indicators

There is a big difference between TotalEnergies Stock performing well and TotalEnergies 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 TotalEnergies' 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
BP	1.69	0.01	0.00	(0.11)	0.00	0.00	2.81	(4.26)	16.11
CVX	1.54	(0.03)	0.00	(0.14)	0.00	0.00	2.22	(4.57)	14.21
XOM	1.39	0.08	0.00	(0.01)	0.00	0.00	2.80	(3.21)	10.54
EQNR	1.78	0.10	0.04	0.00	2.79	(1.64)	4.17	(4.78)	12.39
E	1.39	0.09	0.08	(37.25)	2.50	(1.27)	2.89	(4.76)	11.80
EC	2.33	0.19	0.05	0.04	3.08	(2.53)	6.11	(5.76)	18.07
SHEL	1.34	0.18	0.07	0.08	2.39	(1.24)	2.84	(4.06)	13.36
PBR	1.66	(0.12)	0.00	(0.26)	0.00	0.00	3.55	(5.64)	14.03
NFG	0.93	0.23	0.19	4.78	1.38	(0.98)	2.41	(1.45)	9.74
TGS	3.00	(0.07)	0.00	1.84	0.00	0.00	9.02	(5.80)	17.71

TotalEnergies Corporate Management

Kevin McLachlan	Senior Exploration	Profile
Romain GarciaIvaldi	Director - Employee Representative	Profile
Jean Lemierre	Independent Director	Profile
Patrick Pouyann	CEO Chairman	Profile
Martin Deffontaines	Senior Management	Profile

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