NSTAR Electric Correlations
| NSARO Stock | USD 83.50 0.00 0.00% |
The current 90-days correlation between NSTAR Electric and Enel Chile SA is -0.17 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as NSTAR Electric moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NSTAR Electric moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
NSTAR Electric Correlation With Market
Significant diversification
The correlation between NSTAR Electric 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 NSTAR Electric and DJI in the same portfolio, assuming nothing else is changed.
NSTAR |
The ability to find closely correlated positions to NSTAR Electric could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NSTAR Electric when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back NSTAR Electric - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling NSTAR Electric to buy it.
Moving together with NSTAR Pink Sheet
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| 0.77 | NVDA | NVIDIA | PairCorr |
| 0.79 | VRT | Vertiv Holdings | PairCorr |
| 0.72 | HD | Home Depot Sell-off Trend | PairCorr |
| 0.67 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.7 | WMT | Walmart Aggressive Push | PairCorr |
| 0.64 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.71 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.76 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.61 | BAC | Bank of America Aggressive Push | PairCorr |
Moving against NSTAR Pink Sheet
| 0.75 | TPDDF | Talon Energy | PairCorr |
| 0.67 | EPGG | Empire Global Gaming | PairCorr |
| 0.55 | NGG | National Grid PLC | PairCorr |
| 0.52 | AEP | American Electric Power | PairCorr |
| 0.5 | IMHC | Imperalis Holding Corp | PairCorr |
| 0.4 | GBHPF | Global Hemp Group | PairCorr |
| 0.36 | NGGTF | National Grid plc | PairCorr |
| 0.34 | CHHE | China Health Industries | PairCorr |
| 0.75 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.73 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.62 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.41 | PFE | Pfizer Inc Aggressive Push | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between NSTAR Pink Sheet performing well and NSTAR 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 NSTAR 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EBR-B | 1.37 | (0.36) | 0.00 | (0.69) | 0.00 | 2.34 | 9.45 | |||
| EBR | 1.34 | (0.37) | 0.00 | (1.92) | 0.00 | 2.38 | 8.18 | |||
| ENIC | 1.42 | (0.10) | 0.00 | (0.10) | 0.00 | 3.40 | 7.97 | |||
| KEP | 1.57 | 0.03 | (0.04) | 0.43 | 2.11 | 4.16 | 10.59 | |||
| CEPU | 1.74 | 0.69 | 0.30 | 2.74 | 1.37 | 4.46 | 11.02 | |||
| CMS | 0.69 | 0.06 | (0.04) | 1.01 | 0.99 | 1.34 | 3.94 | |||
| GNE | 1.41 | (0.22) | 0.00 | (0.08) | 0.00 | 2.39 | 11.97 | |||
| EDN | 2.31 | 1.17 | 0.54 | 4.36 | 1.23 | 6.94 | 10.19 | |||
| ED | 0.83 | 0.03 | (0.08) | 0.52 | 0.96 | 1.60 | 4.57 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in NSTAR Electric without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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NSTAR Electric Corporate Management
| Jay Buth | Chief Accounting Officer, VP and Controller | Profile | |
| Florence Iacono | S Clerk | Profile | |
| John Moreira | Sr Treasurer | Profile | |
| Jeffrey Kotkin | Investor VP | Profile | |
| Philip Lembo | CFO VP | Profile | |
| Emilie ONeil | Assistant Management | Profile |