Wisconsin Electric Correlations
| WELPMDelisted Stock | USD 103.00 0.00 0.00% |
The current 90-days correlation between Wisconsin Electric Power and Wisconsin Electric Power is 0.02 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Wisconsin Electric moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Wisconsin Electric Power moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Wisconsin Electric Correlation With Market
Very good diversification
The correlation between Wisconsin Electric Power and DJI is -0.24 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wisconsin Electric Power and DJI in the same portfolio, assuming nothing else is changed.
Wisconsin |
The ability to find closely correlated positions to Wisconsin Electric could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wisconsin Electric 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 Wisconsin Electric - 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 Wisconsin Electric Power to buy it.
Moving against Wisconsin OTC Stock
| 0.54 | AAPL | Apple Inc Aggressive Push | PairCorr |
| 0.5 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | PairCorr |
| 0.42 | META | Meta Platforms Aggressive Push | PairCorr |
| 0.41 | NVDA | NVIDIA | PairCorr |
| 0.36 | GOOG | Alphabet Class C Sell-off Trend | PairCorr |
| 0.33 | KB | KB Financial Group | PairCorr |
| 0.52 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.46 | HD | Home Depot | PairCorr |
| 0.43 | HPQ | HP Inc | PairCorr |
| 0.43 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.41 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
| 0.4 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.4 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.36 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
Related Correlations Analysis
| 0.08 | 0.08 | 0.06 | 0.5 | WELPP | ||
| 0.08 | 0.08 | -0.11 | -0.12 | UEPCO | ||
| 0.08 | 0.08 | 0.45 | 0.34 | SOCGP | ||
| 0.06 | -0.11 | 0.45 | 0.23 | SOCGM | ||
| 0.5 | -0.12 | 0.34 | 0.23 | UELMO | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Wisconsin OTC Stock performing well and Wisconsin Electric 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 Wisconsin Electric'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WELPP | 0.72 | 0.05 | (0.03) | 0.33 | 1.01 | 1.40 | 7.03 | |||
| UEPCO | 1.20 | 0.31 | 0.02 | (0.74) | 1.76 | 4.12 | 22.29 | |||
| SOCGP | 1.74 | 0.01 | (0.04) | 0.01 | 2.18 | 4.95 | 17.78 | |||
| SOCGM | 0.37 | (0.11) | 0.00 | (0.25) | 0.00 | 1.45 | 8.58 | |||
| UELMO | 0.16 | 0.05 | 0.00 | 0.94 | 0.00 | 0.00 | 4.57 |
Wisconsin Electric 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 Wisconsin Electric otc stock to make a market-neutral strategy. Peer analysis of Wisconsin Electric could also be used in its relative valuation, which is a method of valuing Wisconsin Electric by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Wisconsin Electric Power?
Investing in delisted otcs can be risky, as the otc stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.