PPL Correlations

PPL Stock

USD 35.92 0.25 0.70%

The current 90-days correlation between PPL Corporation and FirstEnergy is 0.78 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as PPL moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PPL Corporation moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

PPL Correlation With Market

Good diversification

The correlation between PPL Corp. and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PPL Corp. and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with PPL Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PPL Corporation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with PPL Stock

0.78	EVRG	Evergy	Pair Corr
0.64	CIG	Companhia Energetica	Pair Corr
0.68	IDA	IDACORP Earnings Call This Week	Pair Corr
0.77	LNT	Alliant Energy Corp Sell-off Trend	Pair Corr
0.65	CMSC	CMS Energy Corp	Pair Corr
0.76	CMSA	CMS Energy Corp	Pair Corr
0.67	BKRKY	Bank Rakyat Earnings Call This Week	Pair Corr

Moving against PPL Stock

0.39	EBR-B	Centrais Eltricas	Pair Corr
0.34	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.31	PPERY	Bank Mandiri Persero Normal Trading	Pair Corr
0.49	CRH	CRH PLC ADR	Pair Corr
0.32	ALL	Allstate Earnings Call This Week	Pair Corr
0.32	GGLDF	Getchell Gold Corp	Pair Corr

Related Correlations Analysis

	FE	AEE	ES	DTE	SO	FTS	EBR-B	EBR	ATO	CMS
FE		0.91	0.24	0.86	0.68	0.63	-0.27	-0.37	0.33	0.66	FE
AEE	0.91		0.37	0.93	0.81	0.61	-0.28	-0.39	0.56	0.78	AEE
ES	0.24	0.37		0.52	0.53	0.01	-0.35	-0.39	0.26	0.24	ES
DTE	0.86	0.93	0.52		0.78	0.48	-0.46	-0.54	0.58	0.78	DTE
SO	0.68	0.81	0.53	0.78		0.3	-0.38	-0.49	0.69	0.77	SO
FTS	0.63	0.61	0.01	0.48	0.3		0.28	0.22	-0.06	0.19	FTS
EBR-B	-0.27	-0.28	-0.35	-0.46	-0.38	0.28		0.97	-0.52	-0.56	EBR-B
EBR	-0.37	-0.39	-0.39	-0.54	-0.49	0.22	0.97		-0.56	-0.62	EBR
ATO	0.33	0.56	0.26	0.58	0.69	-0.06	-0.52	-0.56		0.88	ATO
CMS	0.66	0.78	0.24	0.78	0.77	0.19	-0.56	-0.62	0.88		CMS
	FE	AEE	ES	DTE	SO	FTS	EBR-B	EBR	ATO	CMS

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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

EBR	+ 0.97	EBR-B
DTE	+ 0.93	AEE
AEE	+ 0.91	FE
CMS	+ 0.88	ATO
DTE	+ 0.86	FE
SO	+ 0.81	AEE

High negative correlations

CMS	- 0.62	EBR
ATO	- 0.56	EBR
CMS	- 0.56	EBR-B
EBR	- 0.54	DTE
ATO	- 0.52	EBR-B
EBR	- 0.49	SO

Risk-Adjusted Indicators

There is a big difference between PPL Stock performing well and PPL 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 PPL'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
FE	0.67	0.05	(0.04)	(0.53)	0.88	(0.63)	1.36	(1.31)	4.07
AEE	0.71	0.04	(0.02)	0.36	0.95	(0.68)	1.23	(1.45)	5.74
ES	1.12	(0.13)	0.00	(0.94)	0.00	0.00	1.75	(1.87)	14.53
DTE	0.71	0.01	(0.05)	0.11	1.08	(0.61)	1.45	(1.55)	4.73
SO	0.74	(0.04)	0.00	2.48	0.00	0.00	1.10	(1.81)	4.07
FTS	0.67	0.15	0.07	(0.57)	0.58	(0.83)	1.38	(1.17)	2.88
EBR-B	2.54	0.63	0.07	(0.53)	4.47	(2.74)	5.25	(3.48)	31.49
EBR	2.20	0.58	0.08	(0.55)	4.49	(2.35)	2.80	(3.23)	32.39
ATO	0.70	(0.02)	(0.07)	(0.05)	1.17	(0.59)	1.41	(1.76)	4.31
CMS	0.75	0.01	(0.06)	0.13	1.02	(0.71)	1.32	(1.37)	5.00

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