Ameren Corp Correlations

AEE Stock

USD 100.06 0.21 0.21%

The current 90-days correlation between Ameren Corp and CMS Energy is 0.71 (i.e., Poor diversification). The correlation of Ameren Corp 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.

Ameren Corp Correlation With Market

Weak diversification

The correlation between Ameren Corp and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ameren Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ameren Corp. 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 information on how to trade Ameren Stock refer to our How to Trade Ameren Stock guide.

Moving together with Ameren Stock

0.77	D	Dominion Energy	Pair Corr
0.88	ED	Consolidated Edison Sell-off Trend	Pair Corr
0.85	ES	Eversource Energy	Pair Corr
0.66	HE	Hawaiian Electric	Pair Corr
0.88	SO	Southern	Pair Corr
0.87	ELPC	Companhia Paranaense	Pair Corr
0.92	ENIC	Enel Chile SA	Pair Corr
0.97	EVRG	Evergy,	Pair Corr
0.96	AEP	American Electric Power Sell-off Trend	Pair Corr
0.86	CMS	CMS Energy	Pair Corr
0.88	CNP	CenterPoint Energy	Pair Corr
0.86	DTE	DTE Energy	Pair Corr
0.93	DUK	Duke Energy	Pair Corr
0.88	ELP	Companhia Paranaense	Pair Corr
0.93	ETR	Entergy	Pair Corr
0.97	EXC	Exelon	Pair Corr
0.9	FTS	Fortis Inc	Pair Corr
0.78	IDA	IDACORP	Pair Corr
0.62	KEP	Korea Electric Power	Pair Corr
0.88	LNT	Alliant Energy Corp	Pair Corr
0.83	NGG	National Grid PLC	Pair Corr
0.81	NWE	NorthWestern	Pair Corr
0.95	OGE	OGE Energy	Pair Corr
0.91	PNW	Pinnacle West Capital	Pair Corr
0.98	PPL	PPL Corporation	Pair Corr
0.97	WEC	WEC Energy Group Sell-off Trend	Pair Corr
0.78	XEL	Xcel Energy Sell-off Trend	Pair Corr
0.88	DUK-PA	Duke Energy	Pair Corr

Moving against Ameren Stock

0.81	EIX	Edison International Sell-off Trend	Pair Corr
0.7	EDN	Empresa Distribuidora	Pair Corr
0.5	CMS-PC	CMS Energy	Pair Corr
0.45	GNE	Genie Energy	Pair Corr
0.86	VSTEW	Vast Renewables	Pair Corr
0.78	PCG-PD	Pacific Gas	Pair Corr
0.75	PCG	PGE Corp Aggressive Push	Pair Corr
0.75	PCG-PE	Pacific Gas	Pair Corr
0.67	SCE-PG	SCE Trust II	Pair Corr
0.63	SCE-PL	SCE Trust VI	Pair Corr
0.61	PCG-PH	Pacific Gas	Pair Corr
0.56	PCG-PG	Pacific Gas	Pair Corr
0.53	SCE-PJ	SCE Trust IV Potential Growth	Pair Corr
0.5	PEG	Public Service Enterprise	Pair Corr
0.49	SCE-PK	SCE Trust V	Pair Corr
0.31	PCG-PC	Pacific Gas	Pair Corr

Related Correlations Analysis

	CMS	PNW	MGEE	EVRG	DTE	LNT	CNP	ETR	FE	EIX
CMS		0.93	0.06	0.89	0.98	0.96	0.91	0.76	0.35	-0.51	CMS
PNW	0.93		0.07	0.93	0.92	0.96	0.9	0.78	0.42	-0.56	PNW
MGEE	0.06	0.07		-0.19	0.01	0.13	-0.07	-0.4	0.18	0.67	MGEE
EVRG	0.89	0.93	-0.19		0.89	0.91	0.88	0.92	0.47	-0.76	EVRG
DTE	0.98	0.92	0.01	0.89		0.93	0.93	0.79	0.35	-0.53	DTE
LNT	0.96	0.96	0.13	0.91	0.93		0.89	0.77	0.4	-0.49	LNT
CNP	0.91	0.9	-0.07	0.88	0.93	0.89		0.8	0.31	-0.59	CNP
ETR	0.76	0.78	-0.4	0.92	0.79	0.77	0.8		0.38	-0.85	ETR
FE	0.35	0.42	0.18	0.47	0.35	0.4	0.31	0.38		-0.27	FE
EIX	-0.51	-0.56	0.67	-0.76	-0.53	-0.49	-0.59	-0.85	-0.27		EIX
	CMS	PNW	MGEE	EVRG	DTE	LNT	CNP	ETR	FE	EIX

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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

DTE	+ 0.98	CMS
LNT	+ 0.96	CMS
LNT	+ 0.96	PNW
PNW	+ 0.93	CMS
EVRG	+ 0.93	PNW
LNT	+ 0.93	DTE

High negative correlations

EIX	- 0.85	ETR
EIX	- 0.76	EVRG
EIX	- 0.59	CNP
EIX	- 0.56	PNW
EIX	- 0.53	DTE
EIX	- 0.51	CMS

Risk-Adjusted Indicators

There is a big difference between Ameren Stock performing well and Ameren Corp 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 Ameren Corp'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
CMS	0.85	0.15	0.17	0.63	1.18	(0.79)	1.80	(1.82)	4.73
PNW	0.90	0.11	0.13	0.13	1.15	(0.90)	1.85	(2.21)	4.93
MGEE	1.21	(0.06)	0.00	(0.28)	0.00	0.00	2.35	(2.99)	9.22
EVRG	0.71	0.15	0.20	0.44	0.92	(0.71)	1.28	(1.66)	4.65
DTE	0.82	0.22	0.20	0.47	1.10	(0.81)	1.92	(2.44)	5.35
LNT	0.87	0.10	0.13	0.25	1.20	(0.88)	1.93	(2.39)	5.88
CNP	0.87	0.24	0.28	0.46	0.75	(0.96)	2.51	(1.74)	5.48
ETR	1.11	0.25	0.17	0.34	1.47	(1.14)	2.45	(2.31)	10.06
FE	1.11	0.01	0.04	0.01	2.26	(1.03)	2.20	(2.13)	14.76
EIX	1.88	(0.43)	0.00	(1.18)	0.00	0.00	3.44	(6.33)	13.93

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