Evergy Correlations

EVRG Stock

USD 77.57 0.23 0.30%

The current 90-days correlation between Evergy and Alliant Energy Corp is 0.77 (i.e., Poor diversification). The correlation of Evergy 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.

Evergy Correlation With Market

Very good diversification

The correlation between Evergy and DJI is -0.24 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Evergy and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Evergy Stock

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

For more detail on how to invest in Evergy Stock please use our How to Invest in Evergy guide.

Moving together with Evergy Stock

0.62	DTW	DTE Energy	Pair Corr
0.65	IDA	IDACORP Earnings Call This Week	Pair Corr
0.85	LNT	Alliant Energy Corp	Pair Corr
0.69	CMSC	CMS Energy Corp	Pair Corr
0.79	CMSA	CMS Energy Corp	Pair Corr

Moving against Evergy Stock

0.54	EBR-B	Centrais Eltricas	Pair Corr
0.32	CUP-U	Caribbean Utilities Earnings Call This Week	Pair Corr
0.49	PPERY	Bank Mandiri Persero Normal Trading	Pair Corr
0.38	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.58	CRH	CRH PLC ADR	Pair Corr
0.4	ALL	Allstate Earnings Call This Week	Pair Corr
0.4	GGLDF	Getchell Gold Corp	Pair Corr
0.32	BNKHF	BOC Hong Kong	Pair Corr

Related Correlations Analysis

	LNT	CMS	EMA	KEP	EIX	SBS	NI	FRMI	OKLO	AQNB
LNT		0.86	0.05	0.12	-0.09	0.35	0.63	0.45	0.2	-0.32	LNT
CMS	0.86		-0.22	-0.15	-0.34	0.36	0.55	0.61	0.3	-0.53	CMS
EMA	0.05	-0.22		0.74	0.8	0.35	0.44	-0.61	-0.58	0.78	EMA
KEP	0.12	-0.15	0.74		0.74	0.4	0.57	-0.53	-0.4	0.78	KEP
EIX	-0.09	-0.34	0.8	0.74		0.15	0.4	-0.79	-0.64	0.87	EIX
SBS	0.35	0.36	0.35	0.4	0.15		0.51	0.04	-0.14	0.17	SBS
NI	0.63	0.55	0.44	0.57	0.4	0.51		0.1	-0.03	0.28	NI
FRMI	0.45	0.61	-0.61	-0.53	-0.79	0.04	0.1		0.83	-0.78	FRMI
OKLO	0.2	0.3	-0.58	-0.4	-0.64	-0.14	-0.03	0.83		-0.6	OKLO
AQNB	-0.32	-0.53	0.78	0.78	0.87	0.17	0.28	-0.78	-0.6		AQNB
	LNT	CMS	EMA	KEP	EIX	SBS	NI	FRMI	OKLO	AQNB

Please upgrade your account to get full access to Macroaxis premium features

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

AQNB	+ 0.87	EIX
CMS	+ 0.86	LNT
OKLO	+ 0.83	FRMI
EIX	+ 0.8	EMA
AQNB	+ 0.78	EMA
AQNB	+ 0.78	KEP

High negative correlations

FRMI	- 0.79	EIX
AQNB	- 0.78	FRMI
OKLO	- 0.64	EIX
FRMI	- 0.61	EMA
AQNB	- 0.6	OKLO
OKLO	- 0.58	EMA

Risk-Adjusted Indicators

There is a big difference between Evergy Stock performing well and Evergy 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 Evergy'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
LNT	0.65	(0.01)	0.00	(0.29)	0.00	0.00	1.47	(1.38)	4.28
CMS	0.75	(0.04)	0.00	(0.13)	0.00	0.00	1.31	(1.44)	5.00
EMA	0.66	0.08	0.02	(1.34)	0.79	(0.69)	1.61	(1.24)	4.24
KEP	2.43	0.39	0.13	0.58	2.53	(2.64)	6.12	(4.13)	19.98
EIX	1.07	0.17	0.08	1.34	1.40	(1.06)	1.97	(1.96)	6.38
SBS	1.55	0.21	0.08	0.52	1.96	(1.78)	3.76	(4.23)	10.23
NI	0.76	0.06	0.03	0.24	0.90	(0.77)	1.42	(1.55)	4.34
FRMI	5.68	(1.58)	0.00	(1.00)	0.00	0.00	10.25	(13.43)	45.88
OKLO	4.98	(0.73)	0.00	(15.95)	0.00	0.00	8.42	(11.40)	30.72
AQNB	0.17	0.04	(0.08)	14.15	0.00	(0.21)	0.39	(0.24)	1.36

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC