Chevron Correlations

Stocks . Germany . 
Stock . Chevron
CHV Stock  EUR 154.06  1.00  0.65%   
The current 90-days correlation between Chevron and Virtus Investment Partners is 0.12 (i.e., Average diversification). The correlation of Chevron 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.
  
The ability to find closely correlated positions to Chevron could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chevron 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 Chevron - 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 Chevron to buy it.

Moving together with Chevron Stock

  0.88XONA Exxon MobilPairCorr
  1.0CHV ChevronPairCorr
  0.8KBIA KB Financial GroupPairCorr
  0.96WMB The Williams CompaniesPairCorr
  0.861XV AXWAY SOFTWARE EOPairCorr
  0.64IZ1 First Quantum MineralsPairCorr
  0.85SV2 Selective InsurancePairCorr
  0.89DTE Deutsche TelekomPairCorr
  0.96PKA Packagingof AmericaPairCorr
  0.84RY4C Ryanair Holdings plcPairCorr
  0.942OX Goosehead InsurancePairCorr
  0.93BBN1 Blackstone GroupPairCorr
  0.83APC Apple IncPairCorr
  0.81UF2 Sunstone Hotel InvestorsPairCorr
  0.769B7 AOYAMA TRADINGPairCorr
  0.91AMC AlbemarlePairCorr
  0.95CFX Capital One FinancialPairCorr
  0.96AC8 ARISTOCRAT LEISUREPairCorr
  0.747D8 BROOKFBH 462 PRSNUPairCorr
  0.83APC Apple IncPairCorr

Moving against Chevron Stock

  0.85GGG GUDANG GARAMPairCorr
  0.76PKX POSCO HoldingsPairCorr
  0.72TOTA TotalEnergies SEPairCorr
  0.7JUA Japan Real EstatePairCorr
  0.68TOTB TotalEnergies SEPairCorr
  0.65K9R KENEDIX OFFICE INVPairCorr
  0.64BPE BP PLC DZ1PairCorr
  0.629NPA NIPPON PROLOGIS REITPairCorr
  0.490S2 UNITED URBAN INVPairCorr
  0.42BPE5 BP plcPairCorr
  0.42BSU BP plcPairCorr
  0.42BSU BP plcPairCorr
  0.4972S Sumitomo Mitsui ConsPairCorr

Related Correlations Analysis

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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   
BBEA
+ 0.93
VIP
NY70
+ 0.81
VIP
BBEA
+ 0.8
NY70
RNT
+ 0.61
BBEA
RNT
+ 0.57
VIP
RNT
+ 0.51
NY70
  
High negative correlations   
RNT
- 0.12
14N1
RNT
- 0.0
6BC0
BBEA
- 0.0
6BC0
6BC0
- 0.0
NY70
6BC0
- 0.0
14N1
6BC0
- 0.0
VIP

Risk-Adjusted Indicators

There is a big difference between Chevron Stock performing well and Chevron 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 Chevron'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 Chevron 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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Chevron Corporate Management

Elected by the shareholders, the Chevron's board of directors comprises two types of representatives: Chevron inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Chevron. The board's role is to monitor Chevron's management team and ensure that shareholders' interests are well served. Chevron's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Chevron's outside directors are responsible for providing unbiased perspectives on the board's policies.
Clay NeffPres ProductionProfile
Michael WirthChairman CEOProfile
Hewitt PateVP CounselProfile
Mark NelsonPolicy StrategyProfile
Nigel HearneProducts OilProfile
Pierre BreberVP CFOProfile
James JohnsonExec AdvisorProfile
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