Xcel Energy Correlations

XEL Stock

USD 71.38 1.33 1.90%

The current 90-days correlation between Xcel Energy and Entergy is 0.74 (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.

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 income.

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

Moving together with Xcel Stock

0.89	EVRG	Evergy,	Pair Corr
0.86	AEE	Ameren Corp	Pair Corr
0.73	AGR	Avangrid	Pair Corr
0.77	CNP	CenterPoint Energy	Pair Corr
0.92	EDN	Empresa Distribuidora	Pair Corr
0.92	ETR	Entergy	Pair Corr
0.84	IDA	IDACORP	Pair Corr
0.89	OGE	OGE Energy	Pair Corr
0.83	PCG	PGE Corp Aggressive Push	Pair Corr
0.75	PNW	Pinnacle West Capital	Pair Corr
0.87	PPL	PPL Corporation	Pair Corr
0.87	TLN	Talen Energy	Pair Corr
0.74	WEC	WEC Energy Group	Pair Corr

Moving against Xcel Stock

0.76	EBR	Centrais Electricas	Pair Corr
0.62	ES	Eversource Energy	Pair Corr
0.53	FE	FirstEnergy	Pair Corr
0.4	ED	Consolidated Edison	Pair Corr
0.35	HE	Hawaiian Electric	Pair Corr
0.31	AEP	American Electric Power	Pair Corr
0.42	NGG	National Grid PLC	Pair Corr
0.36	NEE	Nextera Energy Aggressive Push	Pair Corr
0.35	GNE	Genie Energy	Pair Corr

Related Correlations Analysis

	LNT	ETR	PNW	CMS	AEE	MGEE	EVRG	DTE	CNP	AEP
LNT		0.45	0.37	0.75	0.72	0.49	0.68	0.49	0.72	0.11	LNT
ETR	0.45		0.55	0.1	0.89	0.83	0.73	-0.3	0.82	-0.54	ETR
PNW	0.37	0.55		0.0	0.57	0.78	0.86	-0.34	0.41	-0.06	PNW
CMS	0.75	0.1	0.0		0.38	-0.03	0.29	0.86	0.47	0.46	CMS
AEE	0.72	0.89	0.57	0.38		0.86	0.81	-0.03	0.94	-0.42	AEE
MGEE	0.49	0.83	0.78	-0.03	0.86		0.85	-0.42	0.73	-0.53	MGEE
EVRG	0.68	0.73	0.86	0.29	0.81	0.85		-0.11	0.71	-0.08	EVRG
DTE	0.49	-0.3	-0.34	0.86	-0.03	-0.42	-0.11		0.09	0.58	DTE
CNP	0.72	0.82	0.41	0.47	0.94	0.73	0.71	0.09		-0.34	CNP
AEP	0.11	-0.54	-0.06	0.46	-0.42	-0.53	-0.08	0.58	-0.34		AEP
	LNT	ETR	PNW	CMS	AEE	MGEE	EVRG	DTE	CNP	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

CNP	+ 0.94	AEE
AEE	+ 0.89	ETR
EVRG	+ 0.86	PNW
DTE	+ 0.86	CMS
MGEE	+ 0.86	AEE
EVRG	+ 0.85	MGEE

High negative correlations

AEP	- 0.54	ETR
AEP	- 0.53	MGEE
DTE	- 0.42	MGEE
AEP	- 0.42	AEE
AEP	- 0.34	CNP
DTE	- 0.34	PNW

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
LNT	0.89	0.13	0.04	(6.83)	1.02	(0.99)	2.04	(1.89)	5.81
ETR	0.97	0.41	0.20	(1.40)	1.01	(1.21)	2.07	(1.52)	21.62
PNW	0.79	0.06	0.01	0.24	0.80	(0.85)	1.91	(1.48)	4.99
CMS	0.69	0.04	(0.04)	1.99	0.99	(0.67)	1.34	(1.88)	3.94
AEE	0.81	0.17	0.11	1.29	0.64	(0.97)	1.91	(1.39)	6.03
MGEE	1.10	0.17	0.17	0.22	0.87	(1.30)	2.95	(1.77)	9.44
EVRG	0.67	0.14	0.08	1.02	0.65	(0.71)	1.53	(1.23)	3.29
DTE	0.78	0.00	(0.06)	(0.04)	1.42	(0.62)	1.43	(2.13)	5.21
CNP	0.92	0.31	0.18	(2.55)	0.93	(1.06)	2.70	(1.73)	6.28
AEP	0.84	0.02	(0.07)	0.01	1.22	(0.83)	1.58	(1.73)	6.17

Xcel Energy Corporate Management

Jeffrey Savage	Principal Accounting Officer, VP and Controller	Profile
Paul Johnson	VP of Investor Relations	Profile
Peter Gardner	Chief Officer	Profile
Robert Berntsen	Executive Officer	Profile
Justin Tomljanovic	Vice Development	Profile

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