Entergy Correlations

ETR Stock

USD 92.55 1.31 1.40%

The current 90-days correlation between Entergy and Public Service Enterprise is 0.66 (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

Good diversification

The correlation between Entergy and DJI is -0.04 (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.

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

0.69	FE	FirstEnergy	Pair Corr
0.62	SO	Southern	Pair Corr
0.86	EVRG	Evergy	Pair Corr
0.8	EXC	Exelon	Pair Corr
0.71	GNE	Genie Energy	Pair Corr
0.67	IDA	IDACORP	Pair Corr
0.73	LNT	Alliant Energy Corp	Pair Corr
0.71	NEE	Nextera Energy	Pair Corr
0.68	NRG	NRG Energy	Pair Corr
0.79	OGE	OGE Energy	Pair Corr
0.7	PPL	PPL Corporation	Pair Corr
0.9	XEL	Xcel Energy	Pair Corr
0.75	MGEE	MGE Energy	Pair Corr
0.7	600131	State Grid Informati	Pair Corr
0.62	OKLO	Oklo Inc Buyout Trend	Pair Corr
0.63	SOJE	Southern Company	Pair Corr
0.62	SOJC	Southern	Pair Corr

Moving against Entergy Stock

0.55	ENIC	Enel Chile SA	Pair Corr
0.42	PAM	Pampa Energia SA	Pair Corr
0.4	EIX	Edison International	Pair Corr
0.39	HE	Hawaiian Electric	Pair Corr
0.71	AQNB	Algonquin Power Utilities	Pair Corr
0.65	PPERF	Bank Mandiri Persero	Pair Corr
0.52	CNL	Collective Mining	Pair Corr
0.49	PPERY	Bank Mandiri Persero	Pair Corr
0.41	OTTR	Otter Tail	Pair Corr
0.33	EBR-B	Centrais Elétricas Trending	Pair Corr
0.33	CUP-U	Caribbean Utilities	Pair Corr

Related Correlations Analysis

	PEG	XEL	EXC	D	WEC	ED	PCG	DTE	AEE	NEE
PEG		0.58	0.7	0.66	0.61	0.58	0.78	0.56	0.65	0.62	PEG
XEL	0.58		0.88	0.54	0.82	0.22	0.56	0.74	0.78	0.72	XEL
EXC	0.7	0.88		0.6	0.89	0.43	0.64	0.82	0.79	0.66	EXC
D	0.66	0.54	0.6		0.48	0.63	0.46	0.44	0.6	0.76	D
WEC	0.61	0.82	0.89	0.48		0.35	0.66	0.96	0.88	0.62	WEC
ED	0.58	0.22	0.43	0.63	0.35		0.55	0.39	0.46	0.38	ED
PCG	0.78	0.56	0.64	0.46	0.66	0.55		0.65	0.66	0.39	PCG
DTE	0.56	0.74	0.82	0.44	0.96	0.39	0.65		0.86	0.58	DTE
AEE	0.65	0.78	0.79	0.6	0.88	0.46	0.66	0.86		0.75	AEE
NEE	0.62	0.72	0.66	0.76	0.62	0.38	0.39	0.58	0.75		NEE
	PEG	XEL	EXC	D	WEC	ED	PCG	DTE	AEE	NEE

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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	0.86	(0.01)	0.00	0.16	0.00	0.00	1.59	(2.04)	5.52
XEL	0.72	(0.16)	0.00	(1.29)	0.00	0.00	1.11	(1.64)	5.29
EXC	0.79	(0.11)	0.00	(3.88)	0.00	0.00	1.14	(1.51)	4.76
D	0.87	(0.04)	0.00	0.76	0.00	0.00	1.61	(1.93)	5.71
WEC	0.69	(0.10)	0.00	(2.82)	0.00	0.00	1.14	(1.27)	4.32
ED	0.86	(0.02)	0.00	(0.14)	0.00	0.00	1.58	(1.66)	4.62
PCG	1.16	(0.03)	(0.05)	(0.01)	1.49	(1.11)	2.23	(2.35)	6.51
DTE	0.69	(0.15)	0.00	(0.36)	0.00	0.00	1.23	(1.74)	4.73
AEE	0.69	(0.06)	0.00	(0.46)	0.00	0.00	1.10	(1.42)	5.74
NEE	0.85	(0.02)	0.00	0.29	0.00	0.00	1.92	(2.17)	5.46

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