DTE Energy Correlations

DTB Stock

USD 18.30 0.09 0.49%

The current 90-days correlation between DTE Energy and Southern Company Series is 0.35 (i.e., Weak diversification). The correlation of DTE Energy 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.

DTE Energy Correlation With Market

Average diversification

The correlation between DTE Energy and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DTE Energy and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DTE 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 estimate.

For information on how to trade DTE Stock refer to our How to Trade DTE Stock guide.

Moving together with DTE Stock

0.95	DTG	DTE Energy	Pair Corr
0.68	ALCE	Alternus Energy Group	Pair Corr
0.72	NEE-PN	Nextera Energy	Pair Corr
0.67	CMSA	CMS Energy Corp	Pair Corr
0.69	DTW	DTE Energy	Pair Corr

Moving against DTE Stock

0.37

PCG-PH

Pacific Gas

Pair Corr

Related Correlations Analysis

	SOJE	SOJD	DTW	MGRB	UZE
SOJE		0.77	0.62	0.42	0.56	SOJE
SOJD	0.77		0.65	0.55	0.33	SOJD
DTW	0.62	0.65		0.63	0.28	DTW
MGRB	0.42	0.55	0.63		0.47	MGRB
UZE	0.56	0.33	0.28	0.47		UZE
	SOJE	SOJD	DTW	MGRB	UZE

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Risk-Adjusted Indicators

There is a big difference between DTE Stock performing well and DTE 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 DTE 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
SOJE	0.73	0.03	0.10	(0.02)	0.88	(0.80)	1.83	(1.73)	4.19
SOJD	0.69	0.03	0.12	0.00	0.78	(0.79)	1.48	(1.34)	4.69
DTW	0.75	0.07	0.16	0.10	0.79	(0.87)	2.21	(1.67)	4.55
MGRB	0.87	(0.03)	0.00	(0.49)	0.00	0.00	2.24	(1.60)	5.69
UZE	0.49	(0.03)	0.00	0.28	0.00	0.00	1.15	(0.95)	3.17

DTE Energy Corporate Management

James Vandenberghe	Independent Director	Profile
Peter Dietrich	Senior Vice President and Chief Nuclear Officer	Profile
Robert Skaggs	Independent Director	Profile
Marco Bruzzano	Senior Vice President - Corporate Strategy and Regulatory Affairs	Profile

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