Peabody Energy Correlations

PBE Stock

EUR 20.29 0.99 4.65%

The current 90-days correlation between Peabody Energy and PT Bayan Resources is -0.01 (i.e., Good diversification). The correlation of Peabody Energy 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.

Peabody Energy Correlation With Market

Weak diversification

The correlation between Peabody Energy and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Peabody Energy and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Peabody Stock

0.61

YZCA

Yanzhou Coal Mining

Pair Corr

Moving against Peabody Stock

0.41	HVB	STRA Hannoversche	Pair Corr
0.34	DBPE	Xtrackers LevDAX	Pair Corr

Related Correlations Analysis

	IKF	BNB	YZCA	A64	YA1	PBE	PJM	OD8
IKF		0.25	0.41	-0.12	0.49	0.29	0.48	0.76	IKF
BNB	0.25		0.51	-0.71	0.26	-0.11	0.43	0.12	BNB
YZCA	0.41	0.51		-0.2	0.67	0.61	0.67	0.36	YZCA
A64	-0.12	-0.71	-0.2		-0.04	0.45	-0.11	-0.1	A64
YA1	0.49	0.26	0.67	-0.04		0.58	0.65	0.56	YA1
PBE	0.29	-0.11	0.61	0.45	0.58		0.53	0.31	PBE
PJM	0.48	0.43	0.67	-0.11	0.65	0.53		0.48	PJM
OD8	0.76	0.12	0.36	-0.1	0.56	0.31	0.48		OD8
	IKF	BNB	YZCA	A64	YA1	PBE	PJM	OD8

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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

OD8	+ 0.76	IKF
YA1	+ 0.67	YZCA
PJM	+ 0.67	YZCA
PJM	+ 0.65	YA1
PBE	+ 0.61	YZCA
PBE	+ 0.58	YA1

High negative correlations

A64	- 0.71	BNB
A64	- 0.2	YZCA
A64	- 0.12	IKF
PJM	- 0.11	A64
PBE	- 0.11	BNB
OD8	- 0.1	A64

Risk-Adjusted Indicators

There is a big difference between Peabody Stock performing well and Peabody Energy 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 Peabody Energy'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
IKF	2.20	0.28	0.07	6.04	2.80	(2.42)	5.77	(4.73)	17.91
BNB	2.32	0.36	0.09	0.49	2.66	(3.15)	6.19	(5.83)	14.09
YZCA	2.33	0.58	0.14	(0.38)	2.43	(3.07)	5.88	(4.13)	28.22
A64	4.96	(0.33)	0.00	(0.35)	0.00	0.00	9.52	(11.76)	38.81
YA1	2.20	0.19	0.05	0.41	2.80	(2.50)	5.50	(5.38)	17.48
PBE	1.83	0.03	0.02	0.08	1.88	(2.43)	3.64	(3.45)	13.87
PJM	3.84	0.54	0.07	0.40	3.65	(10.39)	14.29	(6.67)	29.86
OD8	1.80	0.37	0.13	8.28	2.02	(2.08)	4.55	(3.53)	14.96

Be your own money manager

Our tools can tell you how much better you can do entering a position in Peabody Energy 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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Peabody Energy Corporate Management

Elected by the shareholders, the Peabody Energy's board of directors comprises two types of representatives: Peabody Energy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Peabody. The board's role is to monitor Peabody Energy's management team and ensure that shareholders' interests are well served. Peabody Energy'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, Peabody Energy's outside directors are responsible for providing unbiased perspectives on the board's policies.

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