Rolls Royce Correlations

RYCEY Stock

USD 7.09 0.09 1.29%

The current 90-days correlation between Rolls Royce Holdings and Rolls Royce Holdings PLC is 0.94 (i.e., Almost no diversification). The correlation of Rolls Royce 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Rolls Royce Correlation With Market

Average diversification

The correlation between Rolls Royce Holdings and DJI is 0.11 (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 and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Rolls Royce 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 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 - 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 to buy it.

Moving together with Rolls Pink Sheet

0.64	TDG	Transdigm Group	Pair Corr
0.66	SAFRY	Safran SA	Pair Corr
0.81	JXN-PA	Jackson Financial	Pair Corr
0.78	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.68	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.71	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.65	HPQ	HP Inc	Pair Corr

Moving against Rolls Pink Sheet

0.44	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.31	SHG	Shinhan Financial	Pair Corr
0.57	PG	Procter Gamble	Pair Corr
0.43	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.42	JNJ	Johnson Johnson Sell-off Trend	Pair Corr

Related Correlations Analysis

	EVEX	RYCEF	SMBMF	HEI-A	RLLCF	SAFRY	ATRO	EADSY	CODA	TATT
EVEX		0.39	0.45	0.46	-0.19	0.27	-0.4	0.09	0.53	0.57	EVEX
RYCEF	0.39		0.69	0.03	-0.16	0.67	-0.18	0.47	0.51	0.28	RYCEF
SMBMF	0.45	0.69		0.13	-0.2	0.51	-0.27	0.07	0.49	0.22	SMBMF
HEI-A	0.46	0.03	0.13		-0.41	0.4	-0.39	-0.24	0.44	0.69	HEI-A
RLLCF	-0.19	-0.16	-0.2	-0.41		-0.14	0.58	-0.17	-0.64	-0.59	RLLCF
SAFRY	0.27	0.67	0.51	0.4	-0.14		-0.25	0.37	0.4	0.4	SAFRY
ATRO	-0.4	-0.18	-0.27	-0.39	0.58	-0.25		-0.09	-0.7	-0.77	ATRO
EADSY	0.09	0.47	0.07	-0.24	-0.17	0.37	-0.09		0.34	0.22	EADSY
CODA	0.53	0.51	0.49	0.44	-0.64	0.4	-0.7	0.34		0.8	CODA
TATT	0.57	0.28	0.22	0.69	-0.59	0.4	-0.77	0.22	0.8		TATT
	EVEX	RYCEF	SMBMF	HEI-A	RLLCF	SAFRY	ATRO	EADSY	CODA	TATT

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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

TATT	+ 0.8	CODA
SMBMF	+ 0.69	RYCEF
TATT	+ 0.69	HEI-A
SAFRY	+ 0.67	RYCEF
ATRO	+ 0.58	RLLCF
TATT	+ 0.57	EVEX

High negative correlations

TATT	- 0.77	ATRO
CODA	- 0.7	ATRO
CODA	- 0.64	RLLCF
TATT	- 0.59	RLLCF
RLLCF	- 0.41	HEI-A
ATRO	- 0.4	EVEX

Risk-Adjusted Indicators

There is a big difference between Rolls Pink Sheet performing well and Rolls Royce 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'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
EVEX	2.59	0.41	0.18	0.30	2.59	(3.08)	7.12	(4.21)	21.52
RYCEF	1.42	0.10	0.01	0.55	1.97	(1.57)	2.74	(3.88)	10.11
SMBMF	4.24	0.84	0.06	(1.43)	5.07	(8.13)	13.14	(11.76)	42.12
HEI-A	1.08	(0.04)	(0.03)	0.08	1.34	(1.11)	2.40	(2.10)	5.63
RLLCF	3.05	(0.08)	(0.03)	(0.02)	3.28	(4.79)	5.88	(5.56)	16.93
SAFRY	1.01	0.01	(0.01)	0.13	1.20	(1.02)	2.52	(2.47)	7.82
ATRO	2.31	(0.65)	0.00	(0.18)	0.00	0.00	3.60	(7.33)	22.57
EADSY	1.35	(0.05)	(0.05)	0.05	1.57	(1.48)	3.50	(3.16)	7.38
CODA	2.11	0.41	0.17	1.62	1.77	(2.69)	5.89	(3.10)	11.71
TATT	2.43	0.33	0.09	0.72	2.52	(2.59)	6.94	(4.75)	18.49

Be your own money manager

Our tools can tell you how much better you can do entering a position in Rolls Royce 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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Rolls Royce 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

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