Entergy Arkansas Correlations
| EAI Stock | USD 21.27 0.01 0.05% |
The current 90-days correlation between Entergy Arkansas LLC and Entergy Mississippi LLC is 0.87 (i.e., Very poor diversification). The correlation of Entergy Arkansas 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.
Entergy Arkansas Correlation With Market
Modest diversification
The correlation between Entergy Arkansas LLC and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Entergy Arkansas LLC and DJI in the same portfolio, assuming nothing else is changed.
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Risk-Adjusted Indicators
There is a big difference between Entergy Stock performing well and Entergy Arkansas 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 Entergy Arkansas' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EMP | 0.63 | (0.01) | 0.00 | (0.11) | 0.00 | 1.11 | 3.87 | |||
| ENO | 0.60 | (0.02) | 0.00 | (0.15) | 0.00 | 1.15 | 3.82 | |||
| ELC | 0.65 | 0.00 | 0.00 | (0.07) | 0.00 | 1.45 | 4.16 | |||
| SOJC | 0.57 | (0.01) | 0.00 | (0.12) | 0.00 | 1.34 | 4.50 | |||
| ENJ | 0.68 | (0.03) | 0.00 | (0.17) | 0.00 | 1.48 | 4.95 |