SHEH Shell plc ADRhedged

together opposite · bar = ρ at each lag, −10 … 0 … +10 days · holdout ρ · click a card for the full picture

SHEH vs BP

Both indexed to 100 at 2026-05-11.

SHEH BP · range 83–131 · 2026-05-11 → 2026-11-06

Same day, ranked by what's left after the market and sector factors are removed ("beyond mkt").

BP BP p.l.c.

ρ +0.76beyond mkt +0.44holdout +0.85stable 100%robust

E ENI S.p.A.

ρ +0.71beyond mkt +0.41holdout +0.78stable 100%robust

TTE TotalEnergies SE

ρ +0.68beyond mkt +0.36holdout +0.77stable 100%robust

LVHI Franklin International Low Volatility High Dividend Index ETF

ρ +0.35beyond mkt +0.33holdout +0.20stable 88%robust

XOM ExxonMobil Holdings Corporation

ρ +0.70beyond mkt +0.27holdout +0.75stable 100%robust

COP ConocoPhillips

ρ +0.70beyond mkt +0.21holdout +0.76stable 100%robust

Biggest shifts in same-day correlation over the last 63 trading days versus the year before.

MOOD Alpha Architect ETF Trust Relative Sentiment Tactical Allocation ETF

Δ -0.63recent -0.51prior +0.12beyond mkt -0.07

LAR Lithium Argentina AG

Δ -0.61recent -0.42prior +0.19beyond mkt +0.09

FTGS First Trust Exchange-Traded Fund First Trust Growth Strength ETF

Δ -0.54recent -0.52prior +0.02beyond mkt +0.03

BALT Innovator Defined Wealth Shield ETF

Δ -0.54recent -0.47prior +0.08beyond mkt +0.00

QBUF Innovator ETFs Trust Innovator Nasdaq-100 10 Buffer ETF Quarterly

Δ -0.53recent -0.49prior +0.03beyond mkt -0.04

BZFD BuzzFeed, Inc. Class A Common Stock

Δ -0.53recent -0.45prior +0.07beyond mkt +0.04

Strong beyond-the-market co-movement with few shared neighbours.

Symbol	beyond mkt	raw ρ	shared
E ENI S.p.A.	+0.41	+0.71	5
BP BP p.l.c.	+0.44	+0.76	10
TTE TotalEnergies SE	+0.36	+0.68	6