WEC Competitors
| WEC Stock | USD 112.92 1.60 1.44% |
WEC Energy vs Fortis Correlation
Very weak diversification
The correlation between WEC Energy Group and FTS is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WEC Energy Group and FTS in the same portfolio, assuming nothing else is changed.
Moving together with WEC Stock
| 0.79 | D | Dominion Energy | PairCorr |
| 0.86 | NI | NiSource | PairCorr |
| 0.92 | AEE | Ameren Corp Earnings Call This Week | PairCorr |
| 0.83 | CMS | CMS Energy | PairCorr |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of WEC Energy's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
WEC Energy Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between WEC 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 WEC 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 WEC Energy Group does not affect the price movement of the other competitor.
Risk-Adjusted Indicators
There is a big difference between WEC Stock performing well and WEC 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 WEC 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ED | 0.85 | 0.17 | 0.04 | (0.36) | 0.98 | 1.91 | 4.62 | |||
| PCG | 1.15 | 0.00 | (0.04) | 0.09 | 1.48 | 1.79 | 6.66 | |||
| PEG | 0.83 | (0.01) | (0.08) | (0.05) | 1.13 | 1.61 | 5.67 | |||
| DTE | 0.70 | 0.01 | (0.05) | 0.16 | 1.10 | 1.45 | 4.73 | |||
| FE | 0.67 | 0.05 | (0.04) | (0.57) | 0.88 | 1.36 | 4.07 | |||
| AEE | 0.72 | 0.03 | (0.05) | 0.24 | 0.97 | 1.23 | 5.74 | |||
| ETR | 0.85 | 0.01 | (0.04) | 0.10 | 1.08 | 1.90 | 4.91 | |||
| CMS | 0.74 | (0.01) | (0.08) | 0.03 | 1.03 | 1.32 | 5.00 | |||
| ES | 1.12 | (0.12) | 0.00 | (0.86) | 0.00 | 1.75 | 14.53 | |||
| FTS | 0.66 | 0.13 | 0.03 | (0.53) | 0.59 | 1.35 | 4.38 |
Cross Equities Net Income Analysis
Compare WEC Energy Group and related stocks such as Consolidated Edison, PGE Corp, and Public Service Enterprise Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ED | 563.7 M | 1.1 B | 1.1 B | 1.1 B | 1.1 B | 1.2 B | 1.2 B | 1.5 B | 1.4 B | 1.3 B | 1.1 B | 1.3 B | 1.7 B | 2.5 B | 1.8 B | 2.1 B | 2.2 B |
| 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 |
| PEG | 544.6 M | 1.5 B | 1.3 B | 1.2 B | 1.5 B | 1.7 B | 887 M | 1.6 B | 1.4 B | 1.7 B | 1.9 B | (648 M) | 1 B | 2.6 B | 1.8 B | 2 B | 1 B |
| DTE | 437.5 M | 711 M | 610 M | 661 M | 905 M | 727 M | 868 M | 1.1 B | 1.1 B | 1.2 B | 1.4 B | 907 M | 1.1 B | 1.4 B | 1.4 B | 1.6 B | 1.7 B |
| FE | 305.8 M | 885 M | 770 M | 392 M | 299 M | 578 M | (6.2 B) | (1.7 B) | 1.3 B | 912 M | 1.1 B | 1.3 B | 406 M | 1.1 B | 978 M | 880.2 M | 924.2 M |
| AEE | 334.7 M | 519 M | (974 M) | 289 M | 586 M | 630 M | 653 M | 523 M | 815 M | 828 M | 871 M | 990 M | 1.1 B | 1.2 B | 1.2 B | 1.4 B | 1.4 B |
| ETR | 401 M | 1.4 B | 868.4 M | 730.6 M | 960.3 M | (156.7 M) | (564.5 M) | 425.4 M | 862.6 M | 1.3 B | 1.4 B | 1.1 B | 1.1 B | 2.4 B | 1.1 B | 1.2 B | 818 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 | 1.1 B | 1.1 B |
| ES | 332.8 M | 394.7 M | 525.9 M | 786 M | 819.5 M | 878.5 M | 942.3 M | 988 M | 1 B | 909.1 M | 1.2 B | 1.2 B | 1.4 B | (442.2 M) | 811.7 M | 933.4 M | 980.1 M |
| FTS | 35 M | 357 M | 362 M | 410 M | 379 M | 805 M | 660 M | 1 B | 1.2 B | 1.7 B | 1.3 B | 1.3 B | 1.4 B | 1.6 B | 1.7 B | 1.9 B | 2 B |
WEC Energy Group and related stocks such as Consolidated Edison, PGE Corp, and Public Service Enterprise Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in WEC Energy Group financial statement analysis. It represents the amount of money remaining after all of WEC Energy Group operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.WEC Energy Competitive Analysis
The better you understand WEC Energy competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, WEC 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 WEC 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 |
WEC Energy Competition Performance Charts
Five steps to successful analysis of WEC Energy Competition
WEC 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 WEC Energy Group in relation to its competition. WEC Energy's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of WEC 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 WEC Energy's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to WEC Energy Group, 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 WEC Energy Correlation with its peers. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Will Multi-Utilities sector continue expanding? Could WEC diversify its offerings? Factors like these will boost the valuation of WEC Energy. Anticipated expansion of WEC directly elevates investor willingness to pay premium valuations. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every WEC Energy data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Quarterly Earnings Growth (0.32) | Dividend Share 3.57 | Earnings Share 4.81 | Revenue Per Share | Quarterly Revenue Growth 0.111 |
Investors evaluate WEC Energy Group using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating WEC 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 WEC Energy's market price to deviate significantly from intrinsic value.
Please note, there is a significant difference between WEC Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if WEC Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. Conversely, WEC Energy's market price signifies the transaction level at which participants voluntarily complete trades.