DTE Energy Correlations

DTB Stock

USD 19.47 0.11 0.57%

The current 90-days correlation between DTE Energy and Consumers Energy is 0.26 (i.e., Modest diversification). The correlation of DTE Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

DTE Energy Correlation With Market

Modest diversification

The correlation between DTE Energy and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DTE Energy and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DTE Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For information on how to trade DTE Stock refer to our How to Trade DTE Stock guide.

Moving together with DTE Stock

0.76	DUKB	Duke Energy Corp	Pair Corr
0.61	CMS-PB	Consumers Energy	Pair Corr
0.74	CMS-PC	CMS Energy	Pair Corr
0.66	AQN	Algonquin Power Utilities	Pair Corr
0.65	BEP	Brookfield Renewable	Pair Corr
0.98	DTG	DTE Energy	Pair Corr

Moving against DTE Stock

0.74	ELLO	Ellomay Capital	Pair Corr
0.65	CDZIP	Cadiz Depositary Shares	Pair Corr
0.62	ET	Energy Transfer LP Aggressive Push	Pair Corr
0.43	EE	Excelerate Energy	Pair Corr
0.42	NI	NiSource	Pair Corr
0.38	VSTE	Vast Renewables	Pair Corr
0.32	ENLC	EnLink Midstream LLC	Pair Corr
0.67	IDA	IDACORP	Pair Corr
0.64	EPD	Enterprise Products	Pair Corr
0.61	CQP	Cheniere Energy Partners	Pair Corr
0.56	DTM	DT Midstream	Pair Corr
0.56	EDN	Empresa Distribuidora	Pair Corr

Related Correlations Analysis

	CMS-PB	CMS-PC	CDZIP	DTG	BEP-PA	EP-PC	CGBSW	DUK-PA	VSTEW
CMS-PB		0.83	-0.11	0.67	0.79	0.57	-0.19	0.07	-0.47	CMS-PB
CMS-PC	0.83		-0.21	0.79	0.86	0.63	-0.41	0.41	-0.35	CMS-PC
CDZIP	-0.11	-0.21		-0.65	-0.1	0.22	0.67	-0.05	0.08	CDZIP
DTG	0.67	0.79	-0.65		0.62	0.43	-0.69	0.37	-0.34	DTG
BEP-PA	0.79	0.86	-0.1	0.62		0.49	-0.15	0.21	-0.4	BEP-PA
EP-PC	0.57	0.63	0.22	0.43	0.49		-0.22	0.5	-0.42	EP-PC
CGBSW	-0.19	-0.41	0.67	-0.69	-0.15	-0.22		-0.36	-0.05	CGBSW
DUK-PA	0.07	0.41	-0.05	0.37	0.21	0.5	-0.36		-0.14	DUK-PA
VSTEW	-0.47	-0.35	0.08	-0.34	-0.4	-0.42	-0.05	-0.14		VSTEW
	CMS-PB	CMS-PC	CDZIP	DTG	BEP-PA	EP-PC	CGBSW	DUK-PA	VSTEW

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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

BEP-PA	+ 0.86	CMS-PC
CMS-PC	+ 0.83	CMS-PB
BEP-PA	+ 0.79	CMS-PB
DTG	+ 0.79	CMS-PC
DTG	+ 0.67	CMS-PB
CGBSW	+ 0.67	CDZIP

High negative correlations

CGBSW	- 0.69	DTG
DTG	- 0.65	CDZIP
VSTEW	- 0.47	CMS-PB
VSTEW	- 0.42	EP-PC
CGBSW	- 0.41	CMS-PC
VSTEW	- 0.4	BEP-PA

Risk-Adjusted Indicators

There is a big difference between DTE Stock performing well and DTE 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 DTE 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
CMS-PB	0.98	0.03	(0.07)	(0.39)	1.22	(1.23)	2.38	(2.00)	7.46
CMS-PC	0.65	(0.01)	(0.13)	0.05	0.86	(0.63)	1.27	(1.41)	3.22
CDZIP	0.45	0.11	0.01	0.85	0.16	(0.56)	1.23	(0.68)	5.13
DTG	0.76	(0.06)	0.00	(0.15)	0.00	0.00	1.58	(1.68)	4.60
BEP-PA	1.07	(0.08)	0.00	(0.20)	0.00	0.00	2.66	(2.56)	7.87
EP-PC	0.33	0.01	(0.23)	0.52	0.37	(0.39)	0.83	(0.77)	2.77
CGBSW	18.10	2.76	0.11	(0.55)	16.81	(21.98)	50.00	(30.56)	95.53
DUK-PA	0.31	0.00	(0.31)	0.13	0.33	(0.36)	0.68	(0.64)	1.45
VSTEW	14.52	2.50	0.11	(0.62)	14.70	(17.25)	46.25	(28.14)	113.64

DTE Energy Corporate Management

James Vandenberghe	Independent Director	Profile
Peter Dietrich	Senior Vice President and Chief Nuclear Officer	Profile
Robert Skaggs	Independent Director	Profile
Marco Bruzzano	Senior Vice President - Corporate Strategy and Regulatory Affairs	Profile

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