Duke Energy Correlations

DUK Stock

USD 128.93 0.47 0.37%

The current 90-days correlation between Duke Energy and Southern Company is -0.12 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Duke Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Duke Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Duke Energy Correlation With Market

Modest diversification

The correlation between Duke Energy and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Duke Energy and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Duke Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Duke 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 manufacturing.

For more information on how to buy Duke Stock please use our How to buy in Duke Stock guide.

Moving together with Duke Stock

0.61	ES	Eversource Energy	Pair Corr
0.93	FE	FirstEnergy	Pair Corr
0.7	GZF	Engie SA	Pair Corr
0.93	SO	Southern	Pair Corr
0.89	BIP-UN	Brookfield Infrastructure	Pair Corr
0.74	ENAA	ENDESA ADR 12	Pair Corr
0.63	MVV1	MVV Energie AG	Pair Corr
0.79	ELPC	Companhia Paranaense	Pair Corr
0.91	EVRG	Evergy	Pair Corr
0.69	CLP1	CLP HLDGS LTD	Pair Corr
0.76	ENA	Endesa SA	Pair Corr
0.62	ENL	Enel SpA	Pair Corr
0.96	AEP	American Electric Power	Pair Corr
0.78	CIG	Companhia Energetica	Pair Corr
0.68	DTW	DTE Energy	Pair Corr
0.82	EIX	Edison International	Pair Corr
0.74	EMA	Emera Incorporated	Pair Corr
0.9	ETR	Entergy	Pair Corr
0.9	EXC	Exelon	Pair Corr
0.88	FTS	Fortis Inc	Pair Corr
0.73	SCTA	SSE PLC ADR	Pair Corr
0.87	IDA	IDACORP	Pair Corr
0.94	FTS	Fortis Inc	Pair Corr
0.67	KEP	Korea Electric Power	Pair Corr

Moving against Duke Stock

0.63	VGAS	Verde Clean Fuels	Pair Corr
0.47	CEG	Constellation Energy Corp	Pair Corr
0.33	EDN	Empresa Distribuidora Earnings Call This Week	Pair Corr
0.51	PAM	Pampa Energia SA Earnings Call This Week	Pair Corr

Related Correlations Analysis

	SO	NGG	AEP	D	EXC	XEL	ETR	PEG	WEC	DTE
SO		0.82	0.96	0.88	0.82	0.88	0.94	0.87	0.94	0.95	SO
NGG	0.82		0.79	0.81	0.57	0.55	0.88	0.74	0.81	0.84	NGG
AEP	0.96	0.79		0.89	0.88	0.93	0.96	0.9	0.94	0.96	AEP
D	0.88	0.81	0.89		0.72	0.77	0.91	0.87	0.92	0.91	D
EXC	0.82	0.57	0.88	0.72		0.9	0.79	0.82	0.81	0.82	EXC
XEL	0.88	0.55	0.93	0.77	0.9		0.84	0.8	0.87	0.86	XEL
ETR	0.94	0.88	0.96	0.91	0.79	0.84		0.91	0.91	0.96	ETR
PEG	0.87	0.74	0.9	0.87	0.82	0.8	0.91		0.84	0.85	PEG
WEC	0.94	0.81	0.94	0.92	0.81	0.87	0.91	0.84		0.95	WEC
DTE	0.95	0.84	0.96	0.91	0.82	0.86	0.96	0.85	0.95		DTE
	SO	NGG	AEP	D	EXC	XEL	ETR	PEG	WEC	DTE

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Risk-Adjusted Indicators

There is a big difference between Duke Stock performing well and Duke 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 Duke 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
SO	0.85	0.17	0.02	(0.52)	0.96	(0.88)	1.87	(1.84)	5.19
NGG	0.84	0.38	0.24	(0.94)	0.54	(0.99)	1.93	(1.10)	4.05
AEP	0.79	0.17	0.03	(0.66)	0.88	(0.79)	1.98	(1.54)	5.70
D	0.96	0.07	(0.03)	0.90	1.22	(0.99)	2.08	(2.62)	5.71
EXC	0.95	0.10	(0.01)	4.01	1.09	(0.98)	1.52	(1.67)	8.64
XEL	0.88	0.10	(0.02)	(0.65)	1.16	(0.85)	1.68	(1.88)	4.63
ETR	0.91	0.16	0.07	0.71	1.06	(0.97)	1.91	(1.96)	5.01
PEG	0.84	0.10	(0.01)	(6.00)	1.08	(0.88)	1.73	(2.04)	5.47
WEC	0.64	0.08	(0.04)	(0.93)	0.79	(0.65)	1.33	(1.22)	3.90
DTE	0.71	0.13	0.01	(1.97)	0.90	(0.70)	1.69	(1.43)	4.29

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