Entergy Correlations

ETR Stock

USD 151.55 0.84 0.56%

The current 90-days correlation between Entergy and CMS Energy is 0.26 (i.e., Modest 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

Good diversification

The correlation between Entergy and DJI is -0.09 (i.e., Good 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.

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 estimate.

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

Moving together with Entergy Stock

0.73	EVRG	Evergy,	Pair Corr
0.89	AEE	Ameren Corp	Pair Corr
0.82	CNP	CenterPoint Energy	Pair Corr
0.92	EDN	Empresa Distribuidora	Pair Corr
0.79	IDA	IDACORP	Pair Corr
0.85	OGE	OGE Energy	Pair Corr
0.79	PCG	PGE Corp	Pair Corr
0.76	PPL	PPL Corporation	Pair Corr
0.88	TLN	Talen Energy	Pair Corr
0.73	WEC	WEC Energy Group	Pair Corr
0.92	XEL	Xcel Energy Fiscal Year End 23rd of January 2025	Pair Corr

Moving against Entergy Stock

0.91	EBR	Centrais Electricas	Pair Corr
0.74	ES	Eversource Energy	Pair Corr
0.72	FE	FirstEnergy	Pair Corr
0.54	AEP	American Electric Power	Pair Corr
0.47	HE	Hawaiian Electric	Pair Corr
0.45	ED	Consolidated Edison	Pair Corr
0.39	EIX	Edison International	Pair Corr
0.62	NGG	National Grid PLC	Pair Corr
0.51	GNE	Genie Energy	Pair Corr
0.46	NEE	Nextera Energy Aggressive Push	Pair Corr

Related Correlations Analysis

	CMS	LNT	EVRG	AEE	EXC	AEP	PPL	PNM	ED	SO
CMS		0.75	0.29	0.38	0.94	0.46	0.37	0.25	0.76	0.9	CMS
LNT	0.75		0.68	0.72	0.77	0.11	0.74	0.46	0.34	0.72	LNT
EVRG	0.29	0.68		0.81	0.39	-0.08	0.94	0.74	-0.19	0.29	EVRG
AEE	0.38	0.72	0.81		0.44	-0.42	0.87	0.8	-0.21	0.42	AEE
EXC	0.94	0.77	0.39	0.44		0.43	0.45	0.28	0.69	0.85	EXC
AEP	0.46	0.11	-0.08	-0.42	0.43		-0.14	-0.26	0.74	0.37	AEP
PPL	0.37	0.74	0.94	0.87	0.45	-0.14		0.69	-0.15	0.37	PPL
PNM	0.25	0.46	0.74	0.8	0.28	-0.26	0.69		-0.26	0.27	PNM
ED	0.76	0.34	-0.19	-0.21	0.69	0.74	-0.15	-0.26		0.76	ED
SO	0.9	0.72	0.29	0.42	0.85	0.37	0.37	0.27	0.76		SO
	CMS	LNT	EVRG	AEE	EXC	AEP	PPL	PNM	ED	SO

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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

EXC	+ 0.94	CMS
PPL	+ 0.94	EVRG
SO	+ 0.9	CMS
PPL	+ 0.87	AEE
SO	+ 0.85	EXC
AEE	+ 0.81	EVRG

High negative correlations

AEP	- 0.42	AEE
ED	- 0.26	PNM
PNM	- 0.26	AEP
ED	- 0.21	AEE
ED	- 0.19	EVRG
ED	- 0.15	PPL

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
CMS	0.69	0.04	(0.04)	1.99	0.99	(0.67)	1.34	(1.88)	3.94
LNT	0.89	0.13	0.04	(6.83)	1.02	(0.99)	2.04	(1.89)	5.81
EVRG	0.67	0.14	0.08	1.02	0.65	(0.71)	1.53	(1.23)	3.29
AEE	0.81	0.17	0.11	1.29	0.64	(0.97)	1.91	(1.39)	6.03
EXC	0.77	0.05	(0.03)	0.41	0.97	(0.80)	1.41	(1.66)	5.42
AEP	0.84	0.02	(0.07)	0.01	1.22	(0.83)	1.58	(1.73)	6.17
PPL	0.80	0.13	0.05	1.46	0.91	(0.86)	1.58	(1.34)	5.18
PNM	0.77	0.31	0.21	(1.12)	0.66	(0.97)	1.80	(1.13)	7.12
ED	0.79	(0.03)	0.00	(1.21)	0.00	0.00	1.42	(1.66)	4.57
SO	0.81	0.03	(0.06)	(0.34)	0.96	(0.85)	1.73	(1.57)	5.63

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