Nextera Energy Correlations
| NEPDelisted Stock | USD 10.54 0.14 1.35% |
The current 90-days correlation between Nextera Energy Partners and Clearway Energy Class is -0.02 (i.e., Good diversification). The correlation of Nextera Energy 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.
Nextera Energy Correlation With Market
Good diversification
The correlation between Nextera Energy Partners and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nextera Energy Partners and DJI in the same portfolio, assuming nothing else is changed.
Nextera |
Moving together with Nextera Stock
Moving against Nextera Stock
| 0.76 | COST | Costco Wholesale Corp | PairCorr |
| 0.74 | PLTR | Palantir Technologies Aggressive Push | PairCorr |
| 0.72 | WMT | Walmart Earnings Call This Week | PairCorr |
| 0.68 | EC | Ecopetrol SA ADR | PairCorr |
| 0.58 | CNL | Collective Mining | PairCorr |
| 0.43 | TLN | Talen Energy | PairCorr |
| 0.43 | MMSI | Merit Medical Systems | PairCorr |
| 0.84 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.78 | T | ATT Inc Aggressive Push | PairCorr |
| 0.72 | IBM | International Business | PairCorr |
| 0.58 | JPM | JPMorgan Chase | PairCorr |
| 0.55 | GE | GE Aerospace Sell-off Trend | PairCorr |
| 0.43 | MMM | 3M Company | PairCorr |
| 0.33 | BAC | Bank of America | PairCorr |
| 0.31 | AXP | American Express | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Nextera Stock performing well and Nextera Energy 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 Nextera Energy'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BEPC | 1.66 | (0.16) | 0.00 | (3.44) | 0.00 | 2.73 | 9.96 | |||
| AQN | 1.41 | 0.04 | 0.02 | 0.09 | 1.72 | 2.56 | 6.59 | |||
| CWEN | 1.14 | (0.07) | 0.00 | (0.19) | 0.00 | 2.25 | 9.10 | |||
| AY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CWEN-A | 1.16 | (0.06) | 0.00 | (0.17) | 0.00 | 2.22 | 9.06 | |||
| BEP | 1.41 | (0.22) | 0.00 | (3.83) | 0.00 | 2.91 | 10.09 | |||
| AQNU | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| DNNGY | 2.05 | (0.36) | 0.00 | (0.45) | 0.00 | 3.49 | 14.13 |
Delisting Warning - NEP
Nextera Energy Partners was delisted
| The entity Nextera Energy Partners with a symbol NEP was delisted from New York Stock Exchange. Please try XPLR Infrastructure LP with a symbol XIFR from now on. Check all delisted instruments accross multiple markets. |
Still Interested in Nextera Energy Partners?
Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.