PPL Correlations

PPL Stock

USD 38.25 0.48 1.24%

The current 90-days correlation between PPL Corporation and FirstEnergy is 0.82 (i.e., Very 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

Very weak diversification

The correlation between PPL Corp. and DJI is 0.42 (i.e., Very weak 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 metropolitan statistical area.

Moving together with PPL Stock

0.86	ES	Eversource Energy	Pair Corr
0.93	FE	FirstEnergy	Pair Corr
0.69	HE	Hawaiian Electric	Pair Corr
0.82	GZF	Engie SA	Pair Corr
0.89	SO	Southern	Pair Corr
0.7	BIP-UN	Brookfield Infrastructure	Pair Corr
0.7	ENAA	ENDESA ADR 12	Pair Corr
0.66	MVV1	MVV Energie AG	Pair Corr
0.79	ELPC	Companhia Paranaense	Pair Corr
0.89	EVRG	Evergy	Pair Corr
0.73	CLP1	CLP HLDGS LTD	Pair Corr
0.73	ENA	Endesa SA	Pair Corr
0.74	ENL	Enel SpA	Pair Corr
0.84	AEP	American Electric Power	Pair Corr
0.82	CIG	Companhia Energetica	Pair Corr
0.8	DTW	DTE Energy	Pair Corr
0.88	DUK	Duke Energy Sell-off Trend	Pair Corr
0.69	EAI	Entergy Arkansas LLC	Pair Corr
0.86	EIX	Edison International	Pair Corr
0.67	ELC	Entergy Louisiana LLC	Pair Corr
0.89	EMA	Emera Incorporated	Pair Corr
0.66	EMP	Entergy Mississippi LLC	Pair Corr
0.85	ETR	Entergy	Pair Corr
0.86	EXC	Exelon	Pair Corr
0.86	FTS	Fortis Inc	Pair Corr
0.79	SCTA	SSE PLC ADR	Pair Corr
0.9	IDA	IDACORP	Pair Corr
0.87	FTS	Fortis Inc	Pair Corr
0.73	KEP	Korea Electric Power	Pair Corr

Moving against PPL Stock

0.6	VGAS	Verde Clean Fuels	Pair Corr
0.52	CEG	Constellation Energy Corp	Pair Corr
0.51	EDN	Empresa Distribuidora Earnings Call This Week	Pair Corr
0.34	RNWWW	ReNew Energy Global	Pair Corr
0.69	PAM	Pampa Energia SA Earnings Call Today	Pair Corr
0.41	RNW	Renew Energy Global	Pair Corr

Related Correlations Analysis

	FE	AEE	ES	DTE	SO	FTS	EBR-B	EBR	ATO	CMS
FE		0.99	0.88	0.99	0.96	0.95	0.33	0.27	0.87	0.94	FE
AEE	0.99		0.86	0.98	0.97	0.96	0.31	0.26	0.89	0.94	AEE
ES	0.88	0.86		0.91	0.85	0.87	0.44	0.41	0.76	0.76	ES
DTE	0.99	0.98	0.91		0.96	0.95	0.32	0.26	0.89	0.94	DTE
SO	0.96	0.97	0.85	0.96		0.95	0.3	0.25	0.93	0.95	SO
FTS	0.95	0.96	0.87	0.95	0.95		0.31	0.25	0.87	0.89	FTS
EBR-B	0.33	0.31	0.44	0.32	0.3	0.31		0.97	0.08	0.11	EBR-B
EBR	0.27	0.26	0.41	0.26	0.25	0.25	0.97		0.03	0.05	EBR
ATO	0.87	0.89	0.76	0.89	0.93	0.87	0.08	0.03		0.96	ATO
CMS	0.94	0.94	0.76	0.94	0.95	0.89	0.11	0.05	0.96		CMS
	FE	AEE	ES	DTE	SO	FTS	EBR-B	EBR	ATO	CMS

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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	0.74	0.13	0.09	(0.71)	0.78	(0.80)	1.79	(1.31)	4.08
AEE	0.76	0.11	0.06	(1.28)	0.92	(0.77)	1.49	(1.45)	5.15
ES	0.97	0.21	0.15	(1.10)	0.93	(1.10)	2.47	(1.76)	6.67
DTE	0.73	0.14	0.09	(1.54)	0.91	(0.73)	1.69	(1.43)	4.29
SO	0.87	0.14	0.08	(0.44)	0.95	(0.90)	1.87	(1.84)	5.19
FTS	0.72	0.18	0.16	(0.28)	0.57	(0.88)	1.40	(1.17)	4.38
EBR-B	2.54	0.54	0.08	2.43	4.47	(2.74)	5.25	(3.48)	31.49
EBR	2.20	0.48	0.09	0.92	4.49	(2.35)	2.80	(3.23)	32.39
ATO	0.70	0.10	0.06	0.81	1.07	(0.65)	1.58	(1.76)	4.03
CMS	0.73	0.07	0.03	(0.65)	0.91	(0.74)	1.32	(1.31)	3.92

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