OGE Competitors
| OGE Stock | USD 43.48 0.03 0.07% |
OGE Energy vs TXNM Energy Correlation
Excellent diversification
The correlation between OGE Energy and TXNM is -0.61 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding OGE Energy and TXNM in the same portfolio, assuming nothing else is changed.
Moving together with OGE Stock
| 0.66 | FE | FirstEnergy Earnings Call This Week | PairCorr |
| 0.83 | SO | Southern | PairCorr |
| 0.61 | VGAS | Verde Clean Fuels | PairCorr |
| 0.85 | EVRG | Evergy | PairCorr |
Moving against OGE Stock
| 0.6 | EBR-B | Centrais Elétricas | PairCorr |
| 0.49 | CUP-U | Caribbean Utilities | PairCorr |
| 0.47 | AQNB | Algonquin Power Utilities | PairCorr |
OGE Energy Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between OGE Energy and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of OGE and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of OGE Energy does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between OGE Stock performing well and OGE 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 OGE 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PNW | 0.76 | 0.02 | (0.03) | 0.26 | 0.89 | 1.77 | 4.17 | |||
| CMS | 0.76 | (0.09) | 0.00 | (0.28) | 0.00 | 1.27 | 5.00 | |||
| IDA | 0.77 | (0.05) | 0.00 | (0.06) | 0.00 | 1.42 | 4.65 | |||
| WTRG | 1.07 | (0.10) | 0.00 | (0.31) | 0.00 | 2.17 | 6.73 | |||
| PCG | 1.08 | (0.13) | 0.00 | (0.42) | 0.00 | 1.79 | 6.66 | |||
| AES | 1.35 | 0.02 | 0.01 | 0.07 | 1.49 | 3.14 | 8.82 | |||
| UGI | 0.83 | 0.27 | 0.24 | 0.60 | 0.66 | 2.42 | 10.28 | |||
| POR | 0.79 | 0.13 | 0.09 | 0.67 | 0.77 | 2.20 | 5.33 | |||
| TXNM | 0.18 | 0.05 | 0.01 | 2.55 | 0.00 | 0.52 | 1.45 |
Cross Equities Net Income Analysis
Compare OGE Energy and related stocks such as Pinnacle West Capital, CMS Energy, and IDACORP Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PNW | 279.5 M | 339.5 M | 381.5 M | 406.1 M | 397.6 M | 437.3 M | 442 M | 488.5 M | 511 M | 538.3 M | 550.6 M | 618.7 M | 483.6 M | 501.6 M | 608.8 M | 700.1 M | 735.1 M |
| CMS | (269.8 M) | 415 M | 382 M | 452 M | 477 M | 523 M | 551 M | 460 M | 657 M | 680 M | 755 M | 1.4 B | 837 M | 887 M | 1 B | 1.2 B | 1.2 B |
| IDA | 84.8 M | 170 M | 173 M | 182.4 M | 193.5 M | 194.7 M | 198.3 M | 212.4 M | 226.8 M | 232.9 M | 237.4 M | 245.6 M | 259 M | 261.2 M | 289.2 M | 332.6 M | 349.2 M |
| WTRG | 7.8 M | 143.1 M | 196.6 M | 221.3 M | 233.2 M | 201.8 M | 234.2 M | 239.7 M | 192 M | 224.5 M | 284.8 M | 431.6 M | 465.2 M | 498.2 M | 595.3 M | 684.6 M | 718.8 M |
| PCG | 1 B | 858 M | 830 M | 828 M | 1.4 B | 888 M | 1.4 B | 1.7 B | (6.8 B) | (7.6 B) | (1.3 B) | (88 M) | 1.8 B | 2.3 B | 2.5 B | 2.3 B | 2.4 B |
| AES | 15.5 M | (28 M) | (928 M) | 266 M | 825 M | 306 M | (11 M) | (550 M) | 1 B | 302 M | 43 M | (413 M) | (546 M) | 242 M | 1.7 B | 1.9 B | 2 B |
| UGI | (27.2 M) | 210.2 M | 278.1 M | 337.2 M | 281 M | 364.7 M | 436.6 M | 719 M | 256 M | 532 M | 1.5 B | 1.1 B | (1.5 B) | 269 M | 678 M | 779.7 M | 818.7 M |
| POR | 99.5 M | 147 M | 141 M | 105 M | 175 M | 172 M | 193 M | 187 M | 212 M | 214 M | 155 M | 244 M | 233 M | 228 M | 313 M | 359.9 M | 377.9 M |
| TXNM | 77.9 M | 77.9 M | 77.9 M | 77.9 M | 77.9 M | 77.9 M | 77.9 M | 77.9 M | 77.9 M | 77.9 M | 173.3 M | 196.4 M | 170.1 M | 88.3 M | 242.7 M | 279.1 M | 173.9 M |
OGE Energy and related stocks such as Pinnacle West Capital, CMS Energy, and IDACORP Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in OGE Energy financial statement analysis. It represents the amount of money remaining after all of OGE Energy operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.OGE Energy Competitive Analysis
The better you understand OGE Energy competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, OGE Energy's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across OGE Energy's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
OGE Energy Competition Performance Charts
Five steps to successful analysis of OGE Energy Competition
OGE Energy's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by OGE Energy in relation to its competition. OGE Energy's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of OGE Energy in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact OGE Energy's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to OGE Energy, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
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Check out OGE Energy Correlation with its peers. For information on how to trade OGE Stock refer to our How to Trade OGE Stock guide.You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Will Electric Utilities sector continue expanding? Could OGE diversify its offerings? Factors like these will boost the valuation of OGE Energy. Anticipated expansion of OGE directly elevates investor willingness to pay premium valuations. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every OGE Energy data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Quarterly Earnings Growth 0.047 | Dividend Share 1.685 | Earnings Share 2.49 | Revenue Per Share | Quarterly Revenue Growth 0.082 |
Investors evaluate OGE Energy using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating OGE Energy's intrinsic value—the estimated true worth—helps identify when the stock trades at a discount or premium to fair value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. External factors like market trends, sector rotation, and investor psychology can cause OGE Energy's market price to deviate significantly from intrinsic value.
It's important to distinguish between OGE Energy's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding OGE Energy should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Conversely, OGE Energy's market price signifies the transaction level at which participants voluntarily complete trades.
