TXNM Energy, Correlations

TXNM Stock

USD 48.47 0.81 1.70%

The current 90-days correlation between TXNM Energy, and MGE Energy is 0.59 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as TXNM Energy, moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TXNM Energy, moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

TXNM Energy, Correlation With Market

Modest diversification

The correlation between TXNM Energy, and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TXNM 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 TXNM 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 board of governors.

To learn how to invest in TXNM Stock, please use our How to Invest in TXNM Energy, guide.

Moving together with TXNM Stock

0.86	EVRG	Evergy,	Pair Corr
0.94	AEE	Ameren Corp	Pair Corr
0.78	AGR	Avangrid	Pair Corr
0.89	CNP	CenterPoint Energy	Pair Corr
0.87	EDN	Empresa Distribuidora	Pair Corr
0.9	ETR	Entergy	Pair Corr
0.82	IDA	IDACORP	Pair Corr
0.66	LNT	Alliant Energy Corp	Pair Corr
0.93	OGE	OGE Energy	Pair Corr
0.81	PCG	PGE Corp Aggressive Push	Pair Corr
0.68	PEG	Public Service Enterprise	Pair Corr
0.69	PNW	Pinnacle West Capital	Pair Corr
0.89	PPL	PPL Corporation	Pair Corr
0.92	TLN	Talen Energy	Pair Corr
0.81	WEC	WEC Energy Group	Pair Corr
0.91	XEL	Xcel Energy Fiscal Year End 23rd of January 2025	Pair Corr

Moving against TXNM Stock

0.83	EBR	Centrais Electricas	Pair Corr
0.69	ES	Eversource Energy	Pair Corr
0.57	FE	FirstEnergy	Pair Corr
0.48	AEP	American Electric Power	Pair Corr
0.43	HE	Hawaiian Electric	Pair Corr
0.41	ED	Consolidated Edison	Pair Corr
0.55	NGG	National Grid PLC	Pair Corr
0.45	GNE	Genie Energy	Pair Corr
0.38	NEE	Nextera Energy Aggressive Push	Pair Corr
0.38	VSTEW	Vast Renewables	Pair Corr

Related Correlations Analysis

	KEP	EBR	MGEE	IDA	ENIC	EBR-B	CMS	GNE	EDN	ETI-P
KEP		0.01	0.11	0.34	0.12	0.03	-0.36	-0.02	0.34	-0.42	KEP
EBR	0.01		-0.78	-0.74	-0.34	0.99	-0.02	0.59	-0.85	-0.45	EBR
MGEE	0.11	-0.78		0.92	0.15	-0.75	-0.05	-0.29	0.85	0.45	MGEE
IDA	0.34	-0.74	0.92		0.17	-0.7	-0.28	-0.31	0.87	0.2	IDA
ENIC	0.12	-0.34	0.15	0.17		-0.32	-0.08	-0.36	0.13	-0.08	ENIC
EBR-B	0.03	0.99	-0.75	-0.7	-0.32		-0.09	0.59	-0.83	-0.49	EBR-B
CMS	-0.36	-0.02	-0.05	-0.28	-0.08	-0.09		-0.05	-0.08	0.56	CMS
GNE	-0.02	0.59	-0.29	-0.31	-0.36	0.59	-0.05		-0.44	-0.2	GNE
EDN	0.34	-0.85	0.85	0.87	0.13	-0.83	-0.08	-0.44		0.44	EDN
ETI-P	-0.42	-0.45	0.45	0.2	-0.08	-0.49	0.56	-0.2	0.44		ETI-P
	KEP	EBR	MGEE	IDA	ENIC	EBR-B	CMS	GNE	EDN	ETI-P

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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-B	+ 0.99	EBR
IDA	+ 0.92	MGEE
EDN	+ 0.87	IDA
EDN	+ 0.85	MGEE
GNE	+ 0.59	EBR
GNE	+ 0.59	EBR-B

High negative correlations

EDN	- 0.85	EBR
EDN	- 0.83	EBR-B
MGEE	- 0.78	EBR
EBR-B	- 0.75	MGEE
IDA	- 0.74	EBR
EBR-B	- 0.7	IDA

Risk-Adjusted Indicators

There is a big difference between TXNM Stock performing well and TXNM 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 TXNM 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
KEP	1.66	0.11	0.01	0.82	2.05	(1.85)	4.16	(3.00)	11.77
EBR	1.32	(0.36)	0.00	(1.46)	0.00	0.00	2.79	(3.29)	9.56
MGEE	1.08	0.17	0.17	0.24	0.85	(1.27)	2.95	(1.77)	9.44
IDA	0.80	0.19	0.18	0.67	0.43	(1.05)	2.29	(1.08)	4.12
ENIC	1.40	(0.05)	(0.05)	0.02	1.68	(1.51)	3.40	(2.68)	7.97
EBR-B	1.39	(0.35)	0.00	(0.56)	0.00	0.00	2.34	(2.48)	12.18
CMS	0.70	0.05	(0.04)	1.19	0.99	(0.69)	1.34	(1.88)	3.94
GNE	1.35	(0.13)	0.00	(0.01)	0.00	0.00	2.39	(2.42)	9.98
EDN	2.31	1.04	0.48	4.57	1.34	(2.89)	6.94	(2.80)	10.19
ETI-P	0.53	0.08	(0.02)	10.77	0.54	(0.64)	1.49	(1.01)	3.43

TXNM Energy, Corporate Management

Sabrina Greinel	VP Treasurer	Profile
Gerald Bischoff	VP Officer	Profile
Sheila Mendez	VP Officer	Profile
Lisa Goodman	Executive Relations	Profile
Brian Iverson	Corporate Counsel	Profile

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