Xcel Energy Correlations

XEL Stock

USD 75.90 0.22 0.29%

The current 90-days correlation between Xcel Energy and Exelon is 0.66 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Xcel Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Xcel Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Xcel Energy Correlation With Market

Excellent diversification

The correlation between Xcel Energy and DJI is -0.65 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Xcel Energy and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Xcel Stock

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Xcel 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 services.

For more information on how to buy Xcel Stock please use our How to buy in Xcel Stock guide.

Moving together with Xcel Stock

0.61	VGAS	Verde Clean Fuels	Pair Corr
0.66	EVRG	Evergy	Pair Corr
0.64	GNE	Genie Energy	Pair Corr
0.81	LNT	Alliant Energy Corp Sell-off Trend	Pair Corr
0.82	POM	POMDOCTOR LIMITED	Pair Corr

Moving against Xcel Stock

0.75	TXNM	TXNM Energy Sell-off Trend	Pair Corr
0.68	EBR-B	Centrais Eltricas	Pair Corr
0.62	AQNB	Algonquin Power Utilities	Pair Corr
0.53	CUP-U	Caribbean Utilities Earnings Call This Week	Pair Corr
0.45	EIX	Edison International	Pair Corr
0.61	CNL	Collective Mining	Pair Corr
0.6	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.57	PPERY	Bank Mandiri Persero Normal Trading	Pair Corr
0.44	CUD	Canadian Utilities	Pair Corr
0.84	CRH	CRH PLC ADR	Pair Corr
0.73	BNKHF	BOC Hong Kong	Pair Corr
0.64	NEWTH	NewtekOne 8625 percent	Pair Corr
0.62	KCDMY	Kimberly Clark de	Pair Corr

Related Correlations Analysis

	EXC	ETR	D	PEG	WEC	NEE-PN	ED	PCG	DTE	AEP
EXC		0.56	0.52	0.69	0.78	-0.19	0.02	0.4	0.68	0.84	EXC
ETR	0.56		0.73	0.55	0.82	0.32	0.47	0.27	0.81	0.77	ETR
D	0.52	0.73		0.52	0.76	0.4	0.66	0.22	0.76	0.71	D
PEG	0.69	0.55	0.52		0.64	-0.08	0.12	0.52	0.54	0.67	PEG
WEC	0.78	0.82	0.76	0.64		0.12	0.49	0.4	0.9	0.91	WEC
NEE-PN	-0.19	0.32	0.4	-0.08	0.12		0.59	-0.36	0.3	-0.01	NEE-PN
ED	0.02	0.47	0.66	0.12	0.49	0.59		-0.03	0.53	0.32	ED
PCG	0.4	0.27	0.22	0.52	0.4	-0.36	-0.03		0.3	0.42	PCG
DTE	0.68	0.81	0.76	0.54	0.9	0.3	0.53	0.3		0.87	DTE
AEP	0.84	0.77	0.71	0.67	0.91	-0.01	0.32	0.42	0.87		AEP
	EXC	ETR	D	PEG	WEC	NEE-PN	ED	PCG	DTE	AEP

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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

AEP	+ 0.91	WEC
DTE	+ 0.9	WEC
AEP	+ 0.87	DTE
AEP	+ 0.84	EXC
WEC	+ 0.82	ETR
DTE	+ 0.81	ETR

High negative correlations

PCG	- 0.36	NEE-PN
NEE-PN	- 0.19	EXC
NEE-PN	- 0.08	PEG
PCG	- 0.03	ED
AEP	- 0.01	NEE-PN

Risk-Adjusted Indicators

There is a big difference between Xcel Stock performing well and Xcel 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 Xcel 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
EXC	0.86	(0.05)	0.00	2.23	0.00	0.00	1.31	(1.77)	4.76
ETR	0.85	(0.01)	(0.05)	0.05	1.10	(0.89)	1.90	(1.73)	4.90
D	0.92	0.11	0.02	(3.02)	1.19	(0.96)	1.77	(2.04)	5.71
PEG	0.83	(0.01)	(0.07)	(0.07)	1.13	(0.83)	1.61	(2.04)	5.67
WEC	0.63	0.02	(0.08)	1.84	0.80	(0.64)	1.14	(1.23)	4.32
NEE-PN	0.28	0.00	(0.17)	0.06	0.31	(0.31)	0.63	(0.58)	1.87
ED	0.86	0.20	0.08	(0.42)	0.98	(0.90)	1.91	(1.65)	4.62
PCG	1.17	0.03	(0.02)	0.23	1.49	(1.16)	1.79	(2.31)	6.66
DTE	0.71	0.01	(0.05)	0.11	1.08	(0.61)	1.45	(1.55)	4.73
AEP	0.73	0.01	(0.06)	0.28	0.95	(0.74)	1.73	(1.51)	4.63

Xcel Energy Corporate Management

Melissa Ostrom	Controller VP	Profile
Jeffrey Savage	Principal Accounting Officer, VP and Controller	Profile
Peter Gardner	Chief Officer	Profile
Robert Berntsen	Executive Officer	Profile

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