Entergy Correlations

ETR Stock

USD 96.42 0.75 0.78%

The current 90-days correlation between Entergy and Public Service Enterprise is 0.65 (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

Weak diversification

The correlation between Entergy and DJI is 0.34 (i.e., Weak 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

0.79	FE	FirstEnergy	Pair Corr
0.7	SO	Southern	Pair Corr
0.63	600310	Guangxi Guidong Eletric	Pair Corr
0.86	EVRG	Evergy	Pair Corr
0.61	AEP	American Electric Power	Pair Corr
0.75	DUK	Duke Energy	Pair Corr
0.75	EXC	Exelon	Pair Corr
0.69	GNE	Genie Energy	Pair Corr
0.68	IDA	IDACORP	Pair Corr
0.81	LNT	Alliant Energy Corp	Pair Corr
0.73	NEE	Nextera Energy Earnings Call This Week	Pair Corr
0.77	OGE	OGE Energy	Pair Corr

Moving against Entergy Stock

0.43	DUKB	Duke Energy Corp	Pair Corr
0.43	ALE	Allete Inc	Pair Corr
0.42	ACO-Y	ATCO	Pair Corr
0.53	ELP	Companhia Paranaense	Pair Corr
0.36	EIX	Edison International	Pair Corr
0.32	KEP	Korea Electric Power	Pair Corr

Related Correlations Analysis

	PEG	XEL	EXC	D	WEC	ED	PCG	DTE	AEE	NEE
PEG		0.69	0.78	0.67	0.79	0.34	0.75	0.76	0.77	0.67	PEG
XEL	0.69		0.89	0.55	0.89	0.06	0.56	0.82	0.81	0.75	XEL
EXC	0.78	0.89		0.59	0.97	0.24	0.65	0.91	0.82	0.69	EXC
D	0.67	0.55	0.59		0.58	0.55	0.44	0.61	0.76	0.79	D
WEC	0.79	0.89	0.97	0.58		0.29	0.71	0.96	0.86	0.68	WEC
ED	0.34	0.06	0.24	0.55	0.29		0.45	0.37	0.54	0.28	ED
PCG	0.75	0.56	0.65	0.44	0.71	0.45		0.71	0.73	0.39	PCG
DTE	0.76	0.82	0.91	0.61	0.96	0.37	0.71		0.88	0.7	DTE
AEE	0.77	0.81	0.82	0.76	0.86	0.54	0.73	0.88		0.79	AEE
NEE	0.67	0.75	0.69	0.79	0.68	0.28	0.39	0.7	0.79		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	0.82	(0.05)	0.00	(0.76)	0.00	0.00	1.61	(2.04)	5.52
XEL	0.77	(0.11)	0.00	(0.46)	0.00	0.00	1.27	(1.64)	5.29
EXC	0.85	(0.09)	0.00	(0.48)	0.00	0.00	1.26	(1.77)	4.76
D	0.93	0.00	(0.06)	0.05	1.35	(0.89)	1.63	(2.04)	5.71
WEC	0.67	(0.11)	0.00	(0.92)	0.00	0.00	1.05	(1.27)	4.32
ED	0.86	0.05	(0.05)	(0.18)	1.09	(0.83)	1.58	(1.66)	4.62
PCG	1.07	(0.09)	0.00	(0.29)	0.00	0.00	1.79	(2.24)	6.66
DTE	0.71	(0.10)	0.00	(0.14)	0.00	0.00	1.32	(1.74)	4.73
AEE	0.71	(0.02)	(0.08)	0.01	1.02	(0.67)	1.12	(1.45)	5.74
NEE	0.91	(0.08)	0.00	(0.01)	0.00	0.00	1.92	(2.20)	5.66

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