Duke Energy Correlations

Stocks . USA . 
Stock . Duke Energy Corp
DUKB Stock  USD 24.81  0.01  0.04%   
The current 90-days correlation between Duke Energy Corp and Southern Co is 0.71 (i.e., Poor diversification). The correlation of Duke 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.

Duke Energy Correlation With Market

Modest diversification

The correlation between Duke Energy Corp and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Duke Energy Corp 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 Duke Energy 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 industry.
For information on how to trade Duke Stock refer to our How to Trade Duke Stock guide.

Moving together with Duke Stock

  0.71DTW DTE EnergyPairCorr
  0.83AQNB Algonquin Power UtilitiesPairCorr
  0.64D Dominion EnergyPairCorr
  0.87ED Consolidated EdisonPairCorr
  0.82ES Eversource EnergyPairCorr
  0.76HE Hawaiian ElectricPairCorr
  0.79NI NiSourcePairCorr
  0.83SO SouthernPairCorr
  0.9SR Spire IncPairCorr
  0.62CMS-PB Consumers EnergyPairCorr
  0.67CDZIP Cadiz Depositary Shares Earnings Call This WeekPairCorr
  0.89ELPC Companhia ParanaensePairCorr
  0.86ENIC Enel Chile SAPairCorr
  0.9EVRG Evergy,PairCorr
  0.66WTRG Essential UtilitiesPairCorr
  0.89AEE Ameren CorpPairCorr
  0.87AEP American Electric PowerPairCorr
  0.76ALE Allete IncPairCorr
  0.8AQN Algonquin Power UtilitiesPairCorr
  0.84ATO Atmos EnergyPairCorr
  0.77AVA AvistaPairCorr
  0.73AWK American Water WorksPairCorr
  0.83BKH Black HillsPairCorr

Moving against Duke Stock

  0.84NOVA Sunnova Energy InterPairCorr
  0.83VVPR VivoPower International Buyout TrendPairCorr
  0.65RNWWW ReNew Energy GlobalPairCorr
  0.37ELLO Ellomay CapitalPairCorr
  0.35SVIIR Spring Valley AcquisitionPairCorr
  0.31AES AES Aggressive PushPairCorr
  0.89XIFR XPLR Infrastructure Symbol ChangePairCorr
  0.63EIX Edison InternationalPairCorr
  0.49GNE Genie EnergyPairCorr
  0.48EDN Empresa DistribuidoraPairCorr
  0.4GEV GE Vernova LLCPairCorr
  0.33BIP Brookfield InfrastructurePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Duke Stock performing well and Duke 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 Duke 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.

Duke Energy Corporate Management

W DunbarIndependent DirectorProfile
Keith ButlerSenior Vice President Chief Security OfficerProfile
Thomas SkainsIndependent DirectorProfile
Kodwo GharteyTagoeExecutive Vice President Corporate Secretary, Chief Legal OfficerProfile
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