Connecticut Light Correlations
| CNLTL Stock | USD 33.23 0.00 0.00% |
The current 90-days correlation between Connecticut Light and CMS Energy is 0.1 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Connecticut Light moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if The Connecticut Light moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Connecticut Light Correlation With Market
Good diversification
The correlation between The Connecticut Light and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Connecticut Light and DJI in the same portfolio, assuming nothing else is changed.
Connecticut |
The ability to find closely correlated positions to Connecticut Light could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Connecticut Light 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 Connecticut Light - 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 The Connecticut Light to buy it.
Moving together with Connecticut Pink Sheet
| 0.77 | PEG | Public Service Enterprise | PairCorr |
| 0.78 | HD | Home Depot Sell-off Trend | PairCorr |
| 0.71 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.77 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | PairCorr |
| 0.79 | IBM | International Business Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.68 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
| 0.74 | MCD | McDonalds Fiscal Year End 3rd of February 2025 | PairCorr |
Moving against Connecticut Pink Sheet
| 0.71 | EPGG | Empire Global Gaming | PairCorr |
| 0.61 | TPDDF | Talon Energy | PairCorr |
| 0.42 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together 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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Connecticut Pink Sheet performing well and Connecticut Light 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 Connecticut Light'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RDEIY | 0.94 | (0.10) | 0.00 | (5.41) | 0.00 | 1.79 | 7.86 | |||
| EBR-B | 1.34 | (0.33) | 0.00 | (0.65) | 0.00 | 2.34 | 9.45 | |||
| EBR | 1.27 | (0.31) | 0.00 | (2.15) | 0.00 | 2.38 | 8.18 | |||
| ENIC | 1.45 | (0.16) | 0.00 | (0.20) | 0.00 | 3.40 | 7.97 | |||
| KEP | 1.61 | 0.09 | (0.01) | 1.34 | 2.12 | 4.16 | 11.41 | |||
| CEPU | 1.74 | 0.70 | 0.31 | 2.92 | 1.36 | 4.46 | 11.02 | |||
| CMS | 0.70 | 0.06 | (0.05) | 0.90 | 1.00 | 1.34 | 3.94 | |||
| GNE | 1.41 | (0.23) | 0.00 | (0.08) | 0.00 | 2.39 | 9.98 | |||
| EDN | 2.29 | 1.20 | 0.56 | 5.01 | 1.16 | 6.94 | 10.19 | |||
| ED | 0.85 | 0.01 | (0.10) | 0.27 | 1.00 | 1.60 | 4.57 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Connecticut Light 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.Did you try this?
Run Portfolio Suggestion Now
Portfolio SuggestionGet suggestions outside of your existing asset allocation including your own model portfolios |
| All Next | Launch Module |
Connecticut Light Corporate Management
| Florence Iacono | Sec | Profile | |
| Stephen Sullivan | Pres COO | Profile | |
| Robert Hybsch | VP Operations | Profile | |
| John Moreira | Sr Treasurer | Profile | |
| Philip Lembo | CFO VP | Profile |