Entergy Mississippi Correlations

EMP Stock

USD 22.49 0.40 1.81%

The current 90-days correlation between Entergy Mississippi LLC and Entergy New Orleans is 0.34 (i.e., Weak diversification). The correlation of Entergy Mississippi 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Entergy Mississippi Correlation With Market

Average diversification

The correlation between Entergy Mississippi LLC and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Entergy Mississippi LLC 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 Entergy Mississippi LLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Entergy Stock

0.71	ED	Consolidated Edison	Pair Corr
0.73	DUKB	Duke Energy Corp	Pair Corr
0.62	CMS-PB	Consumers Energy	Pair Corr
0.75	CMS-PC	CMS Energy	Pair Corr
0.74	AES	AES	Pair Corr

Moving against Entergy Stock

0.82	ADN	Advent Technologies	Pair Corr
0.64	CDZIP	Cadiz Depositary Shares	Pair Corr
0.6	ELLO	Ellomay Capital	Pair Corr
0.55	EVRG	Evergy,	Pair Corr
0.54	NI	NiSource	Pair Corr
0.43	AGR	Avangrid	Pair Corr
0.42	AY	Atlantica Sustainable	Pair Corr
0.4	ALE	Allete Inc	Pair Corr
0.37	AEE	Ameren Corp Sell-off Trend	Pair Corr
0.34	SR	Spire Inc	Pair Corr
0.79	IDA	IDACORP	Pair Corr
0.68	EDN	Empresa Distribuidora	Pair Corr
0.6	KEP	Korea Electric Power	Pair Corr
0.52	CPK	Chesapeake Utilities	Pair Corr
0.51	ETR	Entergy	Pair Corr
0.42	KEN	Kenon Holdings	Pair Corr
0.4	BKH	Black Hills	Pair Corr
0.4	GEV	GE Vernova LLC Downward Rally	Pair Corr

Related Correlations Analysis

	EAI	ENO	ELC	ENJ	DTW
EAI		0.67	0.99	0.63	0.9	EAI
ENO	0.67		0.63	0.68	0.63	ENO
ELC	0.99	0.63		0.61	0.92	ELC
ENJ	0.63	0.68	0.61		0.62	ENJ
DTW	0.9	0.63	0.92	0.62		DTW
	EAI	ENO	ELC	ENJ	DTW

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Risk-Adjusted Indicators

There is a big difference between Entergy Stock performing well and Entergy Mississippi 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 Entergy Mississippi'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
EAI	0.50	(0.04)	0.00	(0.19)	0.00	0.00	0.84	(1.42)	2.60
ENO	0.52	(0.08)	0.00	(0.13)	0.00	0.00	1.04	(1.28)	5.01
ELC	0.51	(0.04)	0.00	(0.59)	0.00	0.00	0.89	(1.24)	2.76
ENJ	0.83	0.02	(0.07)	0.19	0.84	(1.14)	2.30	(1.65)	6.70
DTW	0.48	(0.03)	0.00	(0.16)	0.00	0.00	0.99	(1.07)	2.84

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