Schlumberger Correlations

SLB
 Stock
  

USD 51.05  1.17  2.35%   

The correlation of Schlumberger 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 Schlumberger moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Schlumberger NV 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 Schlumberger could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Schlumberger 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 Schlumberger - 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 Schlumberger NV to buy it.

Moving together with Schlumberger

+0.78AROCArchrockPairCorr
+0.69CQPCheniere Energy PartnersPairCorr
+0.95FTITechnipFMC PlcPairCorr
+0.96HALHalliburtonPairCorr
+0.69MMPMagellan MidstreamPairCorr
+0.74MPLXMplx LPPairCorr
+0.71MRCMrc GlobalPairCorr
+0.99NOVNOV IncPairCorr
+0.91OIIOceaneering InternationalPairCorr
+0.91OISOil States InternationalPairCorr
+0.77PAGPPlains Gp HoldingsPairCorr
+0.9RCONRecon TechnologyPairCorr
+0.9AGCOAgco CorpPairCorr
+0.72AIRAAR CorpPairCorr
+0.93AITApplied IndustrialPairCorr
+0.7APDAir Products AndPairCorr

Moving against Schlumberger

-0.71AWIArmstrong World InduPairCorr

Related Correlations

CQP
MMP
MPLX
CQP
0.620.71
CQP
MMP
0.620.94
MMP
MPLX
0.710.94
MPLX
CQP
MMP
MPLX
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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   
MPLXMMP
MPLXCQP
MMPCQP
  

Schlumberger Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Schlumberger Stock performing well and Schlumberger 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 Schlumberger'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Schlumberger 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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Schlumberger Corporate Directors

Schlumberger corporate directors refer to members of a Schlumberger board of directors. The board of directors generally takes responsibility for the Schlumberger'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 Schlumberger's board members must vote for the resolution. The Schlumberger board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Tatiana Mitrova - Independent DirectorProfile
Henri Seydoux - Independent DirectorProfile
Patrick Chevardiere - Independent DirectorProfile
Peter Coleman - Independent DirectorProfile

Invested in Schlumberger NV?

The danger of trading Schlumberger NV 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 Schlumberger 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 Schlumberger. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Schlumberger NV 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.
Additionally, take a look at World Market Map. You can also try Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.

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When running Schlumberger NV price analysis, check to measure Schlumberger'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 Schlumberger is operating at the current time. Most of Schlumberger's value examination focuses on studying past and present price action to predict the probability of Schlumberger's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Schlumberger's price. Additionally, you may evaluate how the addition of Schlumberger to your portfolios can decrease your overall portfolio volatility.
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Is Schlumberger'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 Schlumberger. If investors know Schlumberger 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 Schlumberger listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
0.62
Market Capitalization
70.7 B
Quarterly Revenue Growth YOY
0.28
Return On Assets
0.0542
Return On Equity
0.19
The market value of Schlumberger NV is measured differently than its book value, which is the value of Schlumberger that is recorded on the company's balance sheet. Investors also form their own opinion of Schlumberger's value that differs from its market value or its book value, called intrinsic value, which is Schlumberger'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 Schlumberger's market value can be influenced by many factors that don't directly affect Schlumberger'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 Schlumberger's value and its price as these two are different measures arrived at by different means. Investors typically determine Schlumberger value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Schlumberger'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.