Entergy Correlations

ETR Stock

USD 85.45 0.46 0.54%

The current 90-days correlation between Entergy and CMS Energy is 0.32 (i.e., Weak diversification). The correlation of Entergy 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 Correlation With Market

Weak diversification

The correlation between Entergy and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Entergy 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. 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.

To learn how to invest in Entergy Stock, please use our How to Invest in Entergy guide.

Moving together with Entergy Stock

0.67	D	Dominion Energy	Pair Corr
0.71	ED	Consolidated Edison	Pair Corr
0.72	ES	Eversource Energy	Pair Corr
0.74	SO	Southern	Pair Corr
0.82	ELPC	Companhia Paranaense	Pair Corr
0.88	ENIC	Enel Chile SA	Pair Corr
0.91	EVRG	Evergy,	Pair Corr
0.93	AEE	Ameren Corp	Pair Corr
0.89	AEP	American Electric Power	Pair Corr
0.75	CMS	CMS Energy	Pair Corr
0.82	CNP	CenterPoint Energy	Pair Corr
0.8	DTE	DTE Energy	Pair Corr
0.77	DUK	Duke Energy	Pair Corr
0.82	ELP	Companhia Paranaense	Pair Corr
0.92	EXC	Exelon	Pair Corr
0.7	FTS	Fortis Inc	Pair Corr
0.74	LNT	Alliant Energy Corp	Pair Corr
0.66	NGG	National Grid PLC	Pair Corr
0.71	NWE	NorthWestern	Pair Corr
0.9	OGE	OGE Energy Sell-off Trend	Pair Corr
0.72	PNW	Pinnacle West Capital	Pair Corr
0.88	PPL	PPL Corporation	Pair Corr
0.87	WEC	WEC Energy Group	Pair Corr
0.62	XEL	Xcel Energy	Pair Corr
0.81	DUK-PA	Duke Energy	Pair Corr

Moving against Entergy Stock

0.87	EIX	Edison International	Pair Corr
0.81	PCG	PGE Corp Aggressive Push	Pair Corr
0.73	EDN	Empresa Distribuidora	Pair Corr
0.58	CMS-PC	CMS Energy	Pair Corr
0.4	GNE	Genie Energy	Pair Corr
0.82	PCG-PD	Pacific Gas	Pair Corr
0.79	SCE-PN	SCE Trust VIII	Pair Corr
0.78	PCG-PE	Pacific Gas	Pair Corr
0.77	PCG-PH	Pacific Gas	Pair Corr
0.76	VSTEW	Vast Renewables	Pair Corr
0.73	SCE-PG	SCE Trust II	Pair Corr
0.72	CEPU	Central Puerto SA	Pair Corr
0.71	SCE-PL	SCE Trust VI	Pair Corr

Related Correlations Analysis

	CMS	LNT	EVRG	AEE	EXC	AEP	PPL	PNM	ED	SO
CMS		0.95	0.88	0.85	0.89	0.88	0.87	0.0	0.92	0.97	CMS
LNT	0.95		0.9	0.86	0.84	0.86	0.89	0.0	0.9	0.93	LNT
EVRG	0.88	0.9		0.97	0.96	0.96	0.97	0.0	0.87	0.88	EVRG
AEE	0.85	0.86	0.97		0.97	0.96	0.97	0.0	0.87	0.87	AEE
EXC	0.89	0.84	0.96	0.97		0.97	0.94	0.0	0.88	0.9	EXC
AEP	0.88	0.86	0.96	0.96	0.97		0.94	0.0	0.9	0.92	AEP
PPL	0.87	0.89	0.97	0.97	0.94	0.94		0.0	0.89	0.88	PPL
PNM	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	PNM
ED	0.92	0.9	0.87	0.87	0.88	0.9	0.89	0.0		0.96	ED
SO	0.97	0.93	0.88	0.87	0.9	0.92	0.88	0.0	0.96		SO
	CMS	LNT	EVRG	AEE	EXC	AEP	PPL	PNM	ED	SO

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

SO	+ 0.97	CMS
AEE	+ 0.97	EVRG
PPL	+ 0.97	EVRG
EXC	+ 0.97	AEE
PPL	+ 0.97	AEE
AEP	+ 0.97	EXC

High negative correlations

SO	- 0.0	PNM
ED	- 0.0	PNM
PNM	- 0.0	PPL
PNM	- 0.0	AEP
PNM	- 0.0	EXC
PNM	- 0.0	AEE

Risk-Adjusted Indicators

There is a big difference between Entergy Stock performing well and Entergy 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'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	1.16	(0.78)	1.80	(1.82)	4.73
LNT	0.86	0.09	0.13	0.19	1.21	(0.88)	1.93	(2.39)	5.88
EVRG	0.71	0.14	0.21	0.42	0.91	(0.72)	1.28	(1.66)	4.65
AEE	0.92	0.18	0.20	0.32	1.03	(0.98)	2.08	(1.98)	6.55
EXC	0.93	0.28	0.28	0.75	0.92	(0.97)	2.02	(1.95)	6.50
AEP	0.99	0.17	0.20	1.39	1.14	(1.03)	1.98	(1.95)	7.23
PPL	0.88	0.11	0.14	0.24	1.18	(0.87)	2.17	(1.99)	6.00
PNM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ED	1.10	0.21	0.25	1.09	1.04	(1.32)	2.61	(2.05)	7.44
SO	1.04	0.13	0.14	0.57	1.34	(0.99)	2.38	(2.14)	7.03

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