Entergy Mississippi Correlations

EMP Stock

USD 21.31 0.02 0.09%

The current 90-days correlation between Entergy Mississippi LLC and Entergy Arkansas LLC is 0.87 (i.e., Very poor diversification). The correlation of Entergy Mississippi 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Entergy Mississippi Correlation With Market

Good diversification

The correlation between Entergy Mississippi LLC and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Entergy Mississippi LLC 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 Entergy Mississippi LLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Entergy Stock

0.64

CMS-PC

CMS Energy

Pair Corr

Moving against Entergy Stock

0.56	ENIC	Enel Chile SA	Pair Corr
0.48	ELPC	Companhia Paranaense	Pair Corr
0.47	AEE	Ameren Corp Sell-off Trend	Pair Corr
0.47	AEP	American Electric Power	Pair Corr
0.44	SO	Southern	Pair Corr
0.43	ED	Consolidated Edison	Pair Corr
0.43	ATO	Atmos Energy	Pair Corr
0.42	ES	Eversource Energy Sell-off Trend	Pair Corr
0.42	HE	Hawaiian Electric	Pair Corr
0.42	EVRG	Evergy,	Pair Corr
0.41	SR	Spire Inc	Pair Corr
0.4	CDZIP	Cadiz Depositary Shares Earnings Call This Week	Pair Corr
0.38	DUKB	Duke Energy Corp	Pair Corr
0.37	ALE	Allete Inc	Pair Corr
0.37	AWK	American Water Works	Pair Corr
0.33	WTRG	Essential Utilities	Pair Corr
0.33	AQN	Algonquin Power Utilities	Pair Corr
0.32	AVA	Avista	Pair Corr
0.48	CIG	Companhia Energetica	Pair Corr
0.48	ELP	Companhia Paranaense	Pair Corr
0.46	DUK	Duke Energy	Pair Corr
0.45	FTS	Fortis Inc	Pair Corr
0.44	EBR	Centrais Electricas	Pair Corr
0.44	EXC	Exelon	Pair Corr
0.41	CNP	CenterPoint Energy Sell-off Trend	Pair Corr
0.4	CMS	CMS Energy	Pair Corr
0.38	ETR	Entergy	Pair Corr
0.37	DTE	DTE Energy	Pair Corr
0.37	IDA	IDACORP	Pair Corr
0.35	CWT	California Water Service	Pair Corr

Related Correlations Analysis

	EAI	ENO	ELC	ENJ	DTW
EAI		0.85	0.93	0.55	0.58	EAI
ENO	0.85		0.89	0.43	0.47	ENO
ELC	0.93	0.89		0.46	0.52	ELC
ENJ	0.55	0.43	0.46		0.8	ENJ
DTW	0.58	0.47	0.52	0.8		DTW
	EAI	ENO	ELC	ENJ	DTW

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Entergy Stock performing well and Entergy Mississippi 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 Mississippi'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
EAI	0.69	0.02	0.06	(0.25)	0.84	(0.81)	1.79	(1.32)	4.99
ENO	0.58	0.00	0.05	0.04	0.70	(0.64)	1.15	(1.36)	3.82
ELC	0.64	0.00	0.05	(0.14)	0.81	(0.67)	1.45	(1.35)	4.16
ENJ	0.68	0.02	0.05	0.09	0.96	(0.72)	1.48	(1.34)	4.95
DTW	0.72	0.05	0.09	0.33	0.77	(0.84)	2.12	(1.26)	4.55

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC