Emera Incorporated Correlations

EMA Stock

52.07 0.55 1.07%

The current 90-days correlation between Emera Incorporated and Alliant Energy Corp is 0.54 (i.e., Very weak diversification). The correlation of Emera Incorporated 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.

Emera Incorporated Correlation With Market

Very weak diversification

The correlation between Emera Incorporated and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Emera Incorporated and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Emera Stock

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

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

Moving together with Emera Stock

0.85	ES	Eversource Energy	Pair Corr
0.88	FE	FirstEnergy	Pair Corr
0.79	HE	Hawaiian Electric	Pair Corr
0.87	GZF	Engie SA	Pair Corr
0.87	SO	Southern	Pair Corr
0.68	BIP-UN	Brookfield Infrastructure	Pair Corr
0.7	ENAA	ENDESA ADR 12	Pair Corr
0.79	ELPC	Companhia Paranaense	Pair Corr
0.85	EVRG	Evergy Sell-off Trend	Pair Corr
0.81	CLP1	CLP HLDGS LTD	Pair Corr
0.72	ENA	Endesa SA	Pair Corr
0.76	ENL	Enel SpA	Pair Corr
0.8	AEP	American Electric Power	Pair Corr
0.86	CIG	Companhia Energetica	Pair Corr
0.84	DTW	DTE Energy	Pair Corr
0.87	DUK	Duke Energy	Pair Corr
0.71	EAI	Entergy Arkansas LLC	Pair Corr
0.9	EIX	Edison International	Pair Corr
0.68	ELC	Entergy Louisiana LLC	Pair Corr
0.84	ETR	Entergy	Pair Corr
0.78	EXC	Exelon	Pair Corr
0.94	FTS	Fortis Inc	Pair Corr
0.87	SCTA	SSE PLC ADR	Pair Corr
0.9	IDA	IDACORP	Pair Corr
0.9	FTS	Fortis Inc	Pair Corr
0.73	KEP	Korea Electric Power	Pair Corr

Moving against Emera Stock

0.77	VGAS	Verde Clean Fuels	Pair Corr
0.63	CEG	Constellation Energy Corp	Pair Corr
0.62	EDN	Empresa Distribuidora Earnings Call This Week	Pair Corr
0.47	RNWWW	ReNew Energy Global	Pair Corr
0.69	PAM	Pampa Energia SA	Pair Corr
0.57	RNW	Renew Energy Global	Pair Corr

Related Correlations Analysis

	LNT	EVRG	SRE	PNW	OGE	WTRG	IDA	FRMI	CMS	SBS
LNT		0.97	0.83	0.93	0.98	0.7	0.94	0.0	0.98	0.82	LNT
EVRG	0.97		0.72	0.97	0.96	0.62	0.97	-0.06	0.94	0.87	EVRG
SRE	0.83	0.72		0.64	0.84	0.7	0.68	0.24	0.84	0.52	SRE
PNW	0.93	0.97	0.64		0.91	0.6	0.99	-0.25	0.87	0.85	PNW
OGE	0.98	0.96	0.84	0.91		0.67	0.92	0.03	0.98	0.83	OGE
WTRG	0.7	0.62	0.7	0.6	0.67		0.61	-0.03	0.64	0.31	WTRG
IDA	0.94	0.97	0.68	0.99	0.92	0.61		-0.2	0.89	0.86	IDA
FRMI	0.0	-0.06	0.24	-0.25	0.03	-0.03	-0.2		0.12	-0.07	FRMI
CMS	0.98	0.94	0.84	0.87	0.98	0.64	0.89	0.12		0.84	CMS
SBS	0.82	0.87	0.52	0.85	0.83	0.31	0.86	-0.07	0.84		SBS
	LNT	EVRG	SRE	PNW	OGE	WTRG	IDA	FRMI	CMS	SBS

Please upgrade your account to get full access to Macroaxis premium features

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

IDA	+ 0.99	PNW
OGE	+ 0.98	LNT
CMS	+ 0.98	LNT
CMS	+ 0.98	OGE
EVRG	+ 0.97	LNT
PNW	+ 0.97	EVRG

High negative correlations

FRMI	- 0.25	PNW
FRMI	- 0.2	IDA
SBS	- 0.07	FRMI
FRMI	- 0.06	EVRG
FRMI	- 0.03	WTRG
FRMI	- 0.0	LNT

Risk-Adjusted Indicators

There is a big difference between Emera Stock performing well and Emera Incorporated 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 Emera Incorporated'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
LNT	0.70	0.09	0.05	(0.97)	0.97	(0.71)	1.66	(1.58)	4.39
EVRG	0.78	0.15	0.11	(1.54)	0.87	(0.81)	2.07	(1.31)	3.91
SRE	0.94	0.07	0.01	(0.18)	1.58	(0.82)	1.77	(2.76)	6.39
PNW	0.82	0.21	0.19	(1.60)	0.71	(0.92)	2.10	(1.36)	3.83
OGE	0.75	0.14	0.11	(2.12)	0.77	(0.81)	1.65	(1.37)	3.45
WTRG	0.97	0.04	0.00	(0.28)	1.11	(1.08)	2.14	(1.93)	5.14
IDA	0.85	0.17	0.12	(1.50)	0.89	(0.90)	2.15	(1.51)	5.11
FRMI	6.27	(0.24)	0.00	0.23	0.00	0.00	12.05	(10.11)	45.88
CMS	0.73	0.07	0.03	(13.89)	0.91	(0.74)	1.32	(1.31)	3.92
SBS	1.62	0.14	0.06	0.27	2.08	(1.84)	3.76	(4.53)	10.23

Emera Incorporated Corporate Management

Karen Hutt	Chief Officer	Profile
FCPA FCA	Executive USA	Profile
Dave Bezanson	Vice Pensions	Profile
Roger Blackman	Managing Company	Profile
Brian Curry	Corporate Secretary	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC