OGE Energy Correlations

OGE Stock

USD 47.10 -0.43 -0.90%

A high positive correlation means the stock tends to rise and fall in tandem with the paired instrument. The current 90-days correlation between OGE Energy and Pinnacle West Capital is 0.79 (i.e., Poor diversification).

OGE Energy Correlation to Market

Strong inverse diversification

OGE Energy currently posts a -0.4 correlation with Dow Jones, indicating a Strong inverse diversification relationship for the active sample. This chart measures the degree of risk overlap between OGE Energy and Dow Jones.

OGE Energy has a market cap of 9.72 B, an operating margin of 18.66% on a trailing twelve-month basis, compared to 14.0% in the last reported annual period, current ratio of 0.8. Performance attribution across holdings reveals which positions drive aggregate returns. Broader economic conditions can influence OGE Energy's company valuation - related indicators include signals in census.

For more detail on OGE Stock please use our How to Invest in OGE Stock guide.

Moving together with OGE Stock

0.88	PCG	PGE Corp	Pair Corr
0.79	SNCF	Sanarco Funds	Pair Corr
0.64	CSBI	Carroll Shelby	Pair Corr
0.67	AKRBF	Aker BP ASA	Pair Corr
0.68	WFCF	Where Food Comes	Pair Corr
0.82	ACXIF	Acciona SA	Pair Corr
0.61	COST	Costco Wholesale Corp	Pair Corr
0.72	CFIGY	Challenger ADR	Pair Corr
0.68	AMPY	Amplify Energy Corp	Pair Corr

Moving Against OGE Stock

0.53	CMSA	CMS Energy Corp	Pair Corr
0.53	STI	Solidion Technology	Pair Corr
0.42	SOJE	Southern Company	Pair Corr
0.31	DTW	DTE Energy	Pair Corr
0.35	IDTRY	IDTRY	Pair Corr

Related Correlations Analysis

	PNW	CMS	IDA	WTRG	PCG	AES	UGI	POR	TXNM
PNW		0.96	0.94	0.71	0.8	-0.3	-0.62	0.84	0.05	PNW
CMS	0.96		0.91	0.75	0.88	-0.23	-0.63	0.92	0.04	CMS
IDA	0.94	0.91		0.58	0.76	-0.11	-0.54	0.82	0.27	IDA
WTRG	0.71	0.75	0.58		0.63	-0.52	-0.54	0.68	-0.31	WTRG
PCG	0.8	0.88	0.76	0.63		0.06	-0.62	0.87	0.1	PCG
AES	-0.3	-0.23	-0.11	-0.52	0.06		0.32	-0.06	0.57	AES
UGI	-0.62	-0.63	-0.54	-0.54	-0.62	0.32		-0.46	0.32	UGI
POR	0.84	0.92	0.82	0.68	0.87	-0.06	-0.46		0.18	POR
TXNM	0.05	0.04	0.27	-0.31	0.1	0.57	0.32	0.18		TXNM
	PNW	CMS	IDA	WTRG	PCG	AES	UGI	POR	TXNM

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

CMS	+ 0.96	PNW
IDA	+ 0.94	PNW
POR	+ 0.92	CMS
IDA	+ 0.91	CMS
PCG	+ 0.88	CMS
POR	+ 0.87	PCG

High negative correlations

UGI	- 0.63	CMS
UGI	- 0.62	PCG
UGI	- 0.62	PNW
UGI	- 0.54	WTRG
UGI	- 0.54	IDA
AES	- 0.52	WTRG

Risk-Adjusted Indicators

Headline performance for OGE Stock may not fully reflect how the business compares across its competitive set. Peer-relative risk metrics add context on drawdown behavior, consistency, and return quality. These indicators are quantitative in nature and measure volatility and risk-adjusted expected returns across different positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PNW	0.87	0.15	0.15	-1.29	0.88	-0.97	2.10	-1.36	5.04
CMS	0.81	0.10	0.09	14.20	0.99	-0.85	1.76	-1.31	6.61
IDA	0.90	0.14	0.11	-13.79	1.09	-0.94	2.15	-1.82	5.71
WTRG	1.19	0.03	0.02	-0.09	1.34	-1.35	2.98	-2.25	6.33
PCG	1.20	0.15	0.09	0.29	1.47	-1.39	2.70	-2.21	10.55
AES	1.12	0.08	0.02	0.34	3.05	-1.11	2.63	-1.51	27.00
UGI	1.04	-0.03	0.00	-0.16	0.00	0.00	2.08	-1.95	8.75
POR	0.94	0.03	0.03	-0.34	1.15	-0.99	2.17	-2.31	5.87
TXNM	0.21	-0.01	-0.02	-0.34	0.26	-0.24	0.39	-0.49	1.09

OGE Energy Corporate Management

Donnie Jones	Senior Vice President of Utility Operations of OG&E	Profile
Christine Woodworth	Vice President of Marketing & Communications - OG&E Company	Profile
William Sultemeier	General Counsel, Corporate Secretary & Chief Compliance Officer	Profile
John Laws	Chief Commercial Officer	Profile
David Parker	CIO of OG&E	Profile