PPL Correlations

PPL Stock

USD 34.78 0.33 0.94%

The current 90-days correlation between PPL Corporation and FirstEnergy is 0.76 (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

Average diversification

The correlation between PPL Corp. and DJI is 0.14 (i.e., Average 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 main economic indicators.

Moving together with PPL Stock

0.65	ES	Eversource Energy	Pair Corr
0.78	FE	FirstEnergy	Pair Corr
0.91	SO	Southern	Pair Corr
0.63	VGAS	Verde Clean Fuels	Pair Corr
0.88	EVRG	Evergy	Pair Corr
0.75	ETR	Entergy	Pair Corr
0.89	EXC	Exelon	Pair Corr
0.78	GNE	Genie Energy	Pair Corr
0.86	IDA	IDACORP	Pair Corr
0.81	LNT	Alliant Energy Corp	Pair Corr
0.82	OGE	OGE Energy	Pair Corr
0.82	PCG	PGE Corp	Pair Corr
0.77	PNW	Pinnacle West Capital	Pair Corr
0.82	XEL	Xcel Energy	Pair Corr
0.74	MGEE	MGE Energy	Pair Corr
0.76	600131	State Grid Informati	Pair Corr
0.68	OKLO	Oklo Inc Buyout Trend	Pair Corr
0.71	SOJE	Southern Company	Pair Corr
0.73	SOJC	Southern	Pair Corr

Moving against PPL Stock

0.67	PAM	Pampa Energia SA	Pair Corr
0.61	KEP	Korea Electric Power	Pair Corr
0.59	EDN	Empresa Distribuidora	Pair Corr
0.43	EIX	Edison International	Pair Corr
0.33	HE	Hawaiian Electric	Pair Corr
0.32	ENIC	Enel Chile SA	Pair Corr
0.31	ELPC	Companhia Paranaense	Pair Corr
0.79	PPERF	Bank Mandiri Persero	Pair Corr
0.76	PPERY	Bank Mandiri Persero	Pair Corr
0.68	EBR-B	Centrais Elétricas Trending	Pair Corr
0.65	OTTR	Otter Tail	Pair Corr
0.62	PTAIY	Astra International Tbk	Pair Corr
0.52	AQNB	Algonquin Power Utilities	Pair Corr

Related Correlations Analysis

	FE	AEE	ES	DTE	SO	FTS	EBR-B	EBR	ATO	CMS
FE		0.91	0.23	0.75	0.68	0.19	-0.29	-0.46	0.86	0.93	FE
AEE	0.91		0.43	0.86	0.74	0.16	-0.42	-0.54	0.87	0.93	AEE
ES	0.23	0.43		0.64	0.65	-0.43	-0.53	-0.68	0.46	0.37	ES
DTE	0.75	0.86	0.64		0.92	-0.24	-0.59	-0.84	0.79	0.8	DTE
SO	0.68	0.74	0.65	0.92		-0.34	-0.7	-0.9	0.69	0.67	SO
FTS	0.19	0.16	-0.43	-0.24	-0.34		0.31	0.62	0.13	0.16	FTS
EBR-B	-0.29	-0.42	-0.53	-0.59	-0.7	0.31		0.62	-0.3	-0.24	EBR-B
EBR	-0.46	-0.54	-0.68	-0.84	-0.9	0.62	0.62		-0.53	-0.51	EBR
ATO	0.86	0.87	0.46	0.79	0.69	0.13	-0.3	-0.53		0.92	ATO
CMS	0.93	0.93	0.37	0.8	0.67	0.16	-0.24	-0.51	0.92		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

CMS	+ 0.93	FE
CMS	+ 0.93	AEE
SO	+ 0.92	DTE
CMS	+ 0.92	ATO
AEE	+ 0.91	FE
ATO	+ 0.87	AEE

High negative correlations

EBR	- 0.9	SO
EBR	- 0.84	DTE
EBR-B	- 0.7	SO
EBR	- 0.68	ES
EBR-B	- 0.59	DTE
EBR	- 0.54	AEE

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	0.69	(0.03)	0.00	(6.65)	0.00	0.00	1.07	(1.62)	4.05
AEE	0.69	(0.06)	0.00	(0.46)	0.00	0.00	1.10	(1.42)	5.74
ES	1.00	(0.08)	0.00	(0.08)	0.00	0.00	1.70	(1.87)	14.78
DTE	0.69	(0.15)	0.00	(0.36)	0.00	0.00	1.23	(1.74)	4.73
SO	0.76	(0.12)	0.00	2.76	0.00	0.00	1.63	(1.65)	4.56
FTS	0.60	0.04	(0.07)	(0.22)	0.60	(0.72)	1.35	(1.00)	3.22
EBR-B	2.48	0.47	0.06	(0.80)	4.41	(2.71)	5.25	(3.20)	31.49
EBR	1.30	0.58	0.31	(9.92)	0.97	(1.52)	3.69	(1.88)	7.18
ATO	0.73	(0.02)	0.00	(0.29)	0.00	0.00	1.38	(1.61)	4.47
CMS	0.77	(0.06)	0.00	(0.55)	0.00	0.00	1.27	(1.56)	5.00

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