TotalEnergies Correlations

TTFNF Stock

USD 61.75 0.41 0.66%

The current 90-days correlation between TotalEnergies SE and PetroChina Co Ltd is 0.04 (i.e., Significant 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

Significant diversification

The correlation between TotalEnergies SE and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TotalEnergies SE and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to TotalEnergies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TotalEnergies 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 TotalEnergies - 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 TotalEnergies SE to buy it.

Moving together with TotalEnergies Pink Sheet

0.68	XOM	Exxon Mobil Corp	Pair Corr
0.78	PETR4	Petrleo Brasileiro	Pair Corr
0.75	CVX	Chevron Corp	Pair Corr
0.74	RYDAF	Shell PLC	Pair Corr
0.72	SHEL	Shell PLC ADR Sell-off Trend	Pair Corr
0.78	TTE	TotalEnergies SE ADR Earnings Call This Week	Pair Corr
0.8	PCCYF	PetroChina	Pair Corr
0.62	DLTR	Dollar Tree	Pair Corr
0.63	CVI	CVR Energy Earnings Call This Week	Pair Corr
0.7	BVN	Compania de Minas Earnings Call This Week	Pair Corr
0.73	21036PBD9	CONSTELLATION BRANDS INC	Pair Corr
0.66	AMSC	American Superconductor	Pair Corr
0.66	LAES	SEALSQ Corp Aggressive Push	Pair Corr
0.74	CHEOY	CochLear ADR	Pair Corr

Moving against TotalEnergies Pink Sheet

0.69	LION	Lionsgate Studios Holding	Pair Corr
0.45	63743FZJ8	US63743FZJ82	Pair Corr
0.32	MRMD	Marimed	Pair Corr

Related Correlations Analysis

	EIPAF	MGYOY	PCCYF	STOHF	RYDAF	OGFGY	BPAQF	SNPMF	SHEL	EQNR
EIPAF		0.8	0.75	0.74	0.67	0.64	0.73	0.42	0.64	0.63	EIPAF
MGYOY	0.8		0.91	0.81	0.75	0.82	0.87	0.64	0.58	0.63	MGYOY
PCCYF	0.75	0.91		0.81	0.73	0.76	0.77	0.64	0.58	0.63	PCCYF
STOHF	0.74	0.81	0.81		0.77	0.74	0.84	0.56	0.68	0.81	STOHF
RYDAF	0.67	0.75	0.73	0.77		0.65	0.77	0.54	0.64	0.7	RYDAF
OGFGY	0.64	0.82	0.76	0.74	0.65		0.78	0.44	0.48	0.56	OGFGY
BPAQF	0.73	0.87	0.77	0.84	0.77	0.78		0.56	0.56	0.65	BPAQF
SNPMF	0.42	0.64	0.64	0.56	0.54	0.44	0.56		0.51	0.54	SNPMF
SHEL	0.64	0.58	0.58	0.68	0.64	0.48	0.56	0.51		0.93	SHEL
EQNR	0.63	0.63	0.63	0.81	0.7	0.56	0.65	0.54	0.93		EQNR
	EIPAF	MGYOY	PCCYF	STOHF	RYDAF	OGFGY	BPAQF	SNPMF	SHEL	EQNR

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Risk-Adjusted Indicators

There is a big difference between TotalEnergies Pink Sheet 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
EIPAF	2.11	0.37	0.07	0.73	2.40	(3.77)	6.49	(4.15)	23.58
MGYOY	1.49	0.36	0.10	(4.08)	1.66	(1.84)	3.39	(2.48)	14.07
PCCYF	3.52	1.96	0.55	(1.47)	1.10	(6.34)	5.56	(2.70)	51.21
STOHF	1.37	0.33	0.03	(0.40)	1.63	(2.48)	4.23	(2.90)	19.32
RYDAF	2.24	0.25	0.03	(0.53)	2.62	(2.38)	6.60	(4.47)	15.29
OGFGY	0.97	0.26	0.03	(3.21)	1.09	(3.62)	4.79	(1.18)	15.09
BPAQF	1.44	0.00	0.08	0.00	1.52	(1.70)	3.20	(2.69)	8.84
SNPMF	23.01	6.34	0.20	5.82	18.02	(45.48)	88.89	(47.06)	140.67
SHEL	0.92	0.19	0.05	7.33	0.96	(1.03)	2.06	(1.66)	5.76
EQNR	1.38	0.19	0.02	(0.94)	1.62	(1.50)	2.78	(2.66)	10.21

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Our tools can tell you how much better you can do entering a position in TotalEnergies 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.

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TotalEnergies Corporate Management

Michel Hourcard	Sr. VP of Devel. and Operations Techniques - Exploration/Production and Sr. VP of Scientific and Technical Center	Profile
Aurlien Hamelle	VP Legal	Profile
JacquesEmmanuel Saulnier	Member of the Management Committee - Corporate	Profile
MarieNolle Semeria	VP CTO	Profile
Francoise Leroy	Head Acquisitions	Profile
JeanMarc Jaubert	Member of the Management Committee - Refining and Chemicals	Profile
JeanPierre Sbraire	Chief Officer	Profile

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