Entergy Correlations

ETR Stock

USD 99.32 1.17 1.19%

The current 90-days correlation between Entergy and Public Service Enterprise is 0.62 (i.e., Poor diversification). The correlation of Entergy 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 Correlation With Market

Average diversification

The correlation between Entergy and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Entergy and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Entergy Stock

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

To learn how to invest in Entergy Stock, please use our How to Invest in Entergy guide.

Moving together with Entergy Stock

0.87	EVRG	Evergy	Pair Corr
0.67	CIG	Companhia Energetica	Pair Corr
0.61	DTW	DTE Energy	Pair Corr
0.76	IDA	IDACORP Earnings Call This Week	Pair Corr
0.71	LNT	Alliant Energy Corp	Pair Corr
0.7	CMSC	CMS Energy Corp	Pair Corr
0.72	CMSA	CMS Energy Corp	Pair Corr

Moving against Entergy Stock

0.36	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.33	PPERY	Bank Mandiri Persero Normal Trading	Pair Corr
0.38	GGLDF	Getchell Gold Corp	Pair Corr
0.33	CRH	CRH PLC ADR Sell-off Trend	Pair Corr

Related Correlations Analysis

	PEG	XEL	EXC	D	WEC	ED	PCG	DTE	AEE	NEE
PEG		0.62	0.69	0.54	0.64	0.14	0.52	0.55	0.59	0.45	PEG
XEL	0.62		0.9	0.47	0.79	-0.07	0.43	0.69	0.65	0.42	XEL
EXC	0.69	0.9		0.54	0.76	0.03	0.39	0.68	0.67	0.38	EXC
D	0.54	0.47	0.54		0.79	0.67	0.26	0.77	0.83	0.82	D
WEC	0.64	0.79	0.76	0.79		0.52	0.41	0.9	0.92	0.79	WEC
ED	0.14	-0.07	0.03	0.67	0.52		0.02	0.54	0.63	0.72	ED
PCG	0.52	0.43	0.39	0.26	0.41	0.02		0.31	0.41	0.06	PCG
DTE	0.55	0.69	0.68	0.77	0.9	0.54	0.31		0.94	0.75	DTE
AEE	0.59	0.65	0.67	0.83	0.92	0.63	0.41	0.94		0.78	AEE
NEE	0.45	0.42	0.38	0.82	0.79	0.72	0.06	0.75	0.78		NEE
	PEG	XEL	EXC	D	WEC	ED	PCG	DTE	AEE	NEE

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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

AEE	+ 0.94	DTE
AEE	+ 0.92	WEC
EXC	+ 0.9	XEL
DTE	+ 0.9	WEC
AEE	+ 0.83	D
NEE	+ 0.82	D

High negative correlations

- 0.07

XEL

Risk-Adjusted Indicators

There is a big difference between Entergy Stock performing well and Entergy 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'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
PEG	0.83	(0.01)	(0.08)	(0.05)	1.13	(0.84)	1.61	(2.04)	5.67
XEL	0.80	(0.10)	0.00	(1.26)	0.00	0.00	1.27	(1.88)	3.97
EXC	0.87	(0.07)	0.00	4.29	0.00	0.00	1.31	(1.77)	4.76
D	0.91	0.09	0.00	(5.17)	1.18	(0.93)	1.77	(2.04)	5.71
WEC	0.61	0.00	(0.11)	(0.09)	0.80	(0.62)	1.05	(1.23)	4.32
ED	0.85	0.17	0.04	(0.36)	0.98	(0.89)	1.91	(1.65)	4.62
PCG	1.15	0.00	(0.04)	0.09	1.48	(1.15)	1.79	(2.31)	6.66
DTE	0.70	0.01	(0.05)	0.16	1.10	(0.60)	1.45	(1.55)	4.73
AEE	0.72	0.03	(0.05)	0.24	0.97	(0.69)	1.23	(1.45)	5.74
NEE	0.88	0.11	0.04	0.33	1.13	(0.93)	2.05	(1.90)	5.66

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