Korea Electric Correlations

KEP Stock

USD 7.16 0.16 2.29%

The current 90-days correlation between Korea Electric Power and Enel Chile SA is 0.25 (i.e., Modest diversification). The correlation of Korea Electric 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.

Korea Electric Correlation With Market

Significant diversification

The correlation between Korea Electric Power and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Korea Electric Power and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Korea Electric Power. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Korea Stock

0.66	D	Dominion Energy	Pair Corr
0.73	ES	Eversource Energy	Pair Corr
0.7	HE	Hawaiian Electric	Pair Corr
0.61	SO	Southern	Pair Corr
0.81	FTS	Fortis Inc	Pair Corr
0.79	NGG	National Grid PLC	Pair Corr
0.64	PCG	PGE Corp	Pair Corr
0.77	PNW	Pinnacle West Capital	Pair Corr
0.69	POR	Portland General Electric Sell-off Trend	Pair Corr
0.62	WEC	WEC Energy Group	Pair Corr
0.62	DUK-PA	Duke Energy	Pair Corr

Moving against Korea Stock

0.72	ENIC	Enel Chile SA	Pair Corr
0.32	AGR	Avangrid	Pair Corr
0.66	PCG-PC	Pacific Gas	Pair Corr
0.56	VIASP	Via Renewables	Pair Corr
0.53	PCG-PI	Pacific Gas	Pair Corr
0.52	CEPU	Central Puerto SA	Pair Corr
0.4	VSTEW	Vast Renewables	Pair Corr

Related Correlations Analysis

	ENIC	EBR-B	CEPU	CMS	POR	PNM	MGEE	OGE	LNT
ENIC		-0.4	0.45	-0.52	-0.72	0.0	-0.48	-0.3	-0.47	ENIC
EBR-B	-0.4		-0.82	0.55	0.59	0.0	-0.12	-0.12	0.03	EBR-B
CEPU	0.45	-0.82		-0.59	-0.65	0.0	0.16	0.16	-0.03	CEPU
CMS	-0.52	0.55	-0.59		0.86	0.0	0.07	0.16	0.7	CMS
POR	-0.72	0.59	-0.65	0.86		0.0	0.28	0.23	0.6	POR
PNM	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	PNM
MGEE	-0.48	-0.12	0.16	0.07	0.28	0.0		0.72	0.59	MGEE
OGE	-0.3	-0.12	0.16	0.16	0.23	0.0	0.72		0.53	OGE
LNT	-0.47	0.03	-0.03	0.7	0.6	0.0	0.59	0.53		LNT
	ENIC	EBR-B	CEPU	CMS	POR	PNM	MGEE	OGE	LNT

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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

POR	+ 0.86	CMS
OGE	+ 0.72	MGEE
LNT	+ 0.7	CMS
LNT	+ 0.6	POR
POR	+ 0.59	EBR-B
LNT	+ 0.59	MGEE

High negative correlations

CEPU	- 0.82	EBR-B
POR	- 0.72	ENIC
POR	- 0.65	CEPU
CMS	- 0.59	CEPU
CMS	- 0.52	ENIC
MGEE	- 0.48	ENIC

Risk-Adjusted Indicators

There is a big difference between Korea Stock performing well and Korea Electric 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 Korea Electric'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
ENIC	1.13	0.03	0.01	0.17	1.58	(1.21)	2.08	(3.06)	7.00
EBR-B	1.79	(0.15)	0.00	2.22	0.00	0.00	3.54	(3.25)	10.35
CEPU	1.96	0.42	0.12	(2.42)	2.76	(1.98)	4.10	(4.47)	14.76
CMS	0.77	(0.04)	0.00	(0.15)	0.00	0.00	1.50	(1.88)	3.89
POR	0.82	(0.19)	0.00	(0.37)	0.00	0.00	1.49	(1.90)	6.60
PNM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MGEE	1.24	0.05	0.03	0.11	1.45	(1.31)	2.79	(2.84)	10.41
OGE	0.90	0.07	0.04	0.12	1.21	(0.91)	2.37	(2.67)	5.99
LNT	0.99	0.01	0.00	0.03	1.25	(1.08)	2.49	(2.34)	6.40

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