Peabody Energy Correlations

BTU
 Stock
  

USD 22.94  0.86  3.61%   

The correlation of Peabody Energy is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Peabody Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Peabody Energy Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
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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 Corp to buy it.

Moving together with Peabody Energy

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0.62APDAir Products And Fiscal Year End 3rd of November 2022 PairCorr
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Related Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
AXPINTC
AXPGE
GEINTC
INTCJPM
GEJPM
AXPJPM
  
High negative correlations   
XOMWMT
ALNAARCH
XOMALNA
GEARCH
INTCARCH
XOMINTC

Peabody Energy Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Peabody Energy stock performing well and Peabody Energy company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Peabody Energy's multiple risk-adjusted performance indicators. 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
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
ARCH 3.63  0.44  0.09  0.27  4.48  0.09 (3.79)  7.74 (8.29)  30.10 
ALNA 9.18  1.57  0.13  0.70  7.72  0.08 (18.09)  9.09 (15.38)  82.05 
JPM 1.43 (0.11)  0.00 (0.29)  0.00 (0.06)  0.00  2.98 (3.00)  10.78 
WMT 1.38 (0.13)  0.00 (0.41)  0.00 (0.0238)  0.00  2.43 (2.47)  13.98 
INTC 1.82 (0.23)  0.00 (0.35)  0.00 (0.13)  0.00  3.14 (3.64)  10.50 
XOM 1.94  0.24  0.09  0.10  2.91  0.11 (1.70)  3.03 (3.96)  11.86 
KO 1.03  0.17  0.12  0.06  1.75  0.15 (0.97)  1.87 (2.01)  10.05 
MMM 1.15 (0.07)  0.00 (0.27)  0.00 (0.02)  0.00  2.17 (2.52)  8.68 
GE 1.73 (0.34)  0.00 (0.44)  0.00 (0.16)  0.00  2.88 (4.93)  13.22 
AXP 1.89 (0.20)  0.00 (0.32)  0.00 (0.11)  0.00  3.46 (3.99)  9.75 

Similar Equity Warning - BTU

Peabody Energy Corp was forked

The entity Peabody Energy Corp with a symbol BTU was recently forked. You can potentially use PEABODY ENERGY CORP with a symbol BTUUQ from now on.

Peabody Energy Corporate Directors

Peabody Energy corporate directors refer to members of a Peabody Energy board of directors. The board of directors generally takes responsibility for the Peabody Energy's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Peabody Energy's board members must vote for the resolution. The Peabody Energy board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Heather Wilson - Independent DirectorProfile
William James - Independent DirectorProfile
Stephen Gorman - Independent DirectorProfile
Samantha Algaze - Independent DirectorProfile

Investing Peabody Energy Corp

You need to understand the risk of investing before taking a position in Peabody Energy. The danger of trading Peabody Energy Corp is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Peabody Energy is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Peabody Energy. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Peabody Energy Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Continue to Trending Equities. Note that the Peabody Energy Corp information on this page should be used as a complementary analysis to other Peabody Energy's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Focused Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.

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When running Peabody Energy Corp price analysis, check to measure Peabody Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Peabody Energy is operating at the current time. Most of Peabody Energy's value examination focuses on studying past and present price action to predict the probability of Peabody Energy's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Peabody Energy's price. Additionally, you may evaluate how the addition of Peabody Energy to your portfolios can decrease your overall portfolio volatility.
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Is Peabody Energy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Peabody Energy. If investors know Peabody will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Peabody Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Peabody Energy Corp is measured differently than its book value, which is the value of Peabody that is recorded on the company's balance sheet. Investors also form their own opinion of Peabody Energy's value that differs from its market value or its book value, called intrinsic value, which is Peabody Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Peabody Energy's market value can be influenced by many factors that don't directly affect Peabody Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Peabody Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine Peabody Energy value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Peabody Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.