Talen Energy Correlations

TLNE Stock

336.57 4.82 1.41%

The current 90-days correlation between Talen Energy and Rivian Automotive is 0.06 (i.e., Significant diversification). The correlation of Talen 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.

Talen Energy Correlation With Market

Good diversification

The correlation between Talen Energy and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Talen Energy and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Talen Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Talen Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Talen Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Talen Energy to buy it.

Moving against Talen OTC Stock

0.4	META	Meta Platforms Aggressive Push	Pair Corr
0.33	TSEM	Tower Semiconductor	Pair Corr
0.44	PXMFF	Philex Mining	Pair Corr
0.37	PPCLY	PPC Ltd ADR	Pair Corr
0.36	FFBC	First Financial Bancorp	Pair Corr
0.34	QNBC	QNB Corp	Pair Corr
0.33	LONKF	Lonking Holdings	Pair Corr

Related Correlations Analysis

	XPEV	LI	PHM	HMC	ULTA	WSM	NIO	STLA	RIVN
XPEV		-0.27	-0.51	-0.14	-0.48	-0.5	0.31	0.61	0.66	XPEV
LI	-0.27		0.58	0.23	0.12	0.17	0.54	-0.55	-0.44	LI
PHM	-0.51	0.58		0.46	0.59	0.66	-0.06	-0.78	-0.68	PHM
HMC	-0.14	0.23	0.46		0.39	0.57	-0.09	-0.27	-0.32	HMC
ULTA	-0.48	0.12	0.59	0.39		0.91	-0.46	-0.75	-0.42	ULTA
WSM	-0.5	0.17	0.66	0.57	0.91		-0.48	-0.76	-0.59	WSM
NIO	0.31	0.54	-0.06	-0.09	-0.46	-0.48		0.09	0.17	NIO
STLA	0.61	-0.55	-0.78	-0.27	-0.75	-0.76	0.09		0.67	STLA
RIVN	0.66	-0.44	-0.68	-0.32	-0.42	-0.59	0.17	0.67		RIVN
	XPEV	LI	PHM	HMC	ULTA	WSM	NIO	STLA	RIVN

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

WSM	+ 0.91	ULTA
RIVN	+ 0.67	STLA
RIVN	+ 0.66	XPEV
WSM	+ 0.66	PHM
STLA	+ 0.61	XPEV
ULTA	+ 0.59	PHM

High negative correlations

STLA	- 0.78	PHM
STLA	- 0.76	WSM
STLA	- 0.75	ULTA
RIVN	- 0.68	PHM
RIVN	- 0.59	WSM
STLA	- 0.55	LI

Risk-Adjusted Indicators

There is a big difference between Talen OTC Stock performing well and Talen Energy OTC Stock 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 Talen 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
XPEV	2.46	(0.39)	0.00	(0.44)	0.00	0.00	6.18	(4.70)	16.73
LI	1.68	(0.12)	0.00	(0.09)	0.00	0.00	3.54	(3.18)	9.90
PHM	1.51	0.03	0.02	0.07	1.54	(1.86)	3.75	(2.54)	11.80
HMC	1.23	(0.13)	0.00	(0.08)	0.00	0.00	2.96	(2.88)	8.00
ULTA	1.46	0.32	0.20	0.65	1.27	(1.75)	2.81	(2.32)	16.26
WSM	1.69	0.08	0.05	0.08	1.80	(1.78)	3.85	(2.71)	11.23
NIO	2.37	(0.17)	0.00	(0.22)	0.00	0.00	4.71	(4.77)	11.98
STLA	2.26	(0.40)	0.00	0.83	0.00	0.00	4.41	(4.22)	29.67
RIVN	3.05	0.06	0.01	0.56	2.88	(4.65)	10.70	(5.22)	33.75

Talen Energy Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Talen Energy otc stock to make a market-neutral strategy. Peer analysis of Talen Energy could also be used in its relative valuation, which is a method of valuing Talen Energy by comparing valuation metrics with similar companies.

Xpeng Inc Li Auto PulteGroup Honda Motor Co Ulta Beauty Williams Sonoma Nio Class A Stellantis NV Rivian Automotive American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne

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