Sempra Energy Correlations

SRE Stock

USD 94.69 1.57 1.69%

The current 90-days correlation between Sempra Energy and The AES is -0.05 (i.e., Good diversification). The correlation of Sempra Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Sempra Energy Correlation With Market

Very weak diversification

The correlation between Sempra Energy and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sempra Energy and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sempra Energy. 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.

For information on how to trade Sempra Stock refer to our How to Trade Sempra Stock guide.

Moving together with Sempra Stock

0.85	ALE	Allete Inc	Pair Corr
0.75	AY	Atlantica Sustainable	Pair Corr
0.9	NI	NiSource	Pair Corr
0.81	CDZIP	Cadiz Depositary Shares	Pair Corr
0.61	ELLO	Ellomay Capital	Pair Corr
0.85	EVRG	Evergy,	Pair Corr
0.78	ADN	Advent Technologies	Pair Corr
0.85	AEE	Ameren Corp	Pair Corr
0.7	AGR	Avangrid	Pair Corr
0.83	ATO	Atmos Energy	Pair Corr

Moving against Sempra Stock

0.74	AES	AES Sell-off Trend	Pair Corr
0.74	ELP	Companhia Paranaense	Pair Corr
0.72	ELPC	Companhia Paranaense	Pair Corr
0.71	ES	Eversource Energy	Pair Corr
0.52	FE	FirstEnergy	Pair Corr
0.5	ED	Consolidated Edison	Pair Corr
0.65	RNWWW	ReNew Energy Global	Pair Corr
0.63	AQN	Algonquin Power Utilities	Pair Corr
0.52	AEP	American Electric Power	Pair Corr
0.49	AWK	American Water Works	Pair Corr
0.49	CWT	California Water Service	Pair Corr

Related Correlations Analysis

	ALE	AVA	NWE	AES	BIP	BKH	AESC	OTTR	MNTK	ELP
ALE		-0.45	0.39	-0.56	0.68	0.72	-0.3	-0.31	0.24	-0.79	ALE
AVA	-0.45		0.23	0.4	-0.33	0.11	0.22	0.17	-0.46	0.57	AVA
NWE	0.39	0.23		0.41	0.5	0.69	-0.53	-0.4	0.09	0.04	NWE
AES	-0.56	0.4	0.41		-0.09	-0.3	-0.4	-0.16	0.13	0.74	AES
BIP	0.68	-0.33	0.5	-0.09		0.48	-0.58	-0.32	0.63	-0.65	BIP
BKH	0.72	0.11	0.69	-0.3	0.48		-0.12	-0.24	-0.2	-0.42	BKH
AESC	-0.3	0.22	-0.53	-0.4	-0.58	-0.12		0.68	-0.7	0.14	AESC
OTTR	-0.31	0.17	-0.4	-0.16	-0.32	-0.24	0.68		-0.31	0.12	OTTR
MNTK	0.24	-0.46	0.09	0.13	0.63	-0.2	-0.7	-0.31		-0.34	MNTK
ELP	-0.79	0.57	0.04	0.74	-0.65	-0.42	0.14	0.12	-0.34		ELP
	ALE	AVA	NWE	AES	BIP	BKH	AESC	OTTR	MNTK	ELP

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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

ELP	+ 0.74	AES
BKH	+ 0.72	ALE
BKH	+ 0.69	NWE
BIP	+ 0.68	ALE
OTTR	+ 0.68	AESC
MNTK	+ 0.63	BIP

High negative correlations

ELP	- 0.79	ALE
MNTK	- 0.7	AESC
ELP	- 0.65	BIP
AESC	- 0.58	BIP
AES	- 0.56	ALE
AESC	- 0.53	NWE

Risk-Adjusted Indicators

There is a big difference between Sempra Stock performing well and Sempra Energy 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 Sempra Energy'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
ALE	0.23	0.02	(0.29)	0.22	0.05	(0.29)	0.54	(0.35)	1.38
AVA	0.94	0.01	(0.08)	0.87	1.09	(1.02)	2.11	(2.08)	4.74
NWE	0.83	0.03	0.00	0.14	1.02	(0.87)	1.61	(2.04)	5.30
AES	1.86	(0.35)	0.00	0.84	0.00	0.00	2.73	(3.87)	18.47
BIP	1.07	0.05	0.04	0.14	1.07	(1.16)	2.95	(1.70)	6.89
BKH	0.85	0.09	0.06	0.22	0.63	(1.05)	2.11	(1.31)	4.11
AESC	1.14	(0.10)	0.00	(0.53)	0.00	0.00	2.19	(2.64)	5.69
OTTR	1.39	(0.25)	0.00	(0.08)	0.00	0.00	2.99	(3.54)	10.11
MNTK	2.77	(0.06)	0.00	0.06	4.68	(2.79)	4.75	(5.22)	25.57
ELP	1.28	(0.27)	0.00	(22.06)	0.00	0.00	3.08	(2.71)	10.78

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