Genie Energy Correlations

GNE Stock

USD 14.81 0.25 1.72%

The current 90-days correlation between Genie Energy and Entergy Texas is 0.18 (i.e., Average diversification). The correlation of Genie 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.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Genie 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 board of governors.

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

Moving together with Genie Stock

0.68	PCG-PH	Pacific Gas	Pair Corr
0.73	PCG-PE	Pacific Gas	Pair Corr
0.75	EIX	Edison International Sell-off Trend	Pair Corr

Moving against Genie Stock

0.52	AEP	American Electric Power Sell-off Trend	Pair Corr
0.47	AEE	Ameren Corp	Pair Corr
0.43	EVRG	Evergy,	Pair Corr
0.42	EBR	Centrais Electricas	Pair Corr
0.41	ENIC	Enel Chile SA	Pair Corr
0.4	DUK	Duke Energy	Pair Corr
0.34	D	Dominion Energy	Pair Corr
0.33	ED	Consolidated Edison Sell-off Trend	Pair Corr
0.32	SO	Southern	Pair Corr
0.32	PCG-PC	Pacific Gas	Pair Corr
0.32	CNP	CenterPoint Energy	Pair Corr
0.31	ES	Eversource Energy	Pair Corr
0.51	OKLO	Oklo Inc Symbol Change	Pair Corr
0.48	ETR	Entergy	Pair Corr
0.44	EXC	Exelon	Pair Corr
0.44	WEC	WEC Energy Group Sell-off Trend	Pair Corr
0.43	DUK-PA	Duke Energy	Pair Corr
0.41	FTS	Fortis Inc	Pair Corr
0.41	OGE	OGE Energy	Pair Corr
0.4	KEP	Korea Electric Power	Pair Corr
0.4	PPL	PPL Corporation	Pair Corr
0.36	NGG	National Grid PLC	Pair Corr
0.34	PNW	Pinnacle West Capital	Pair Corr

Related Correlations Analysis

	EBR	CEPU	KEP	EDN	ETI-P	IDA	MGEE	HE	POR	PNM
EBR		-0.8	0.66	-0.65	0.77	0.83	0.0	0.78	0.52	0.0	EBR
CEPU	-0.8		-0.79	0.75	-0.68	-0.84	-0.12	-0.78	-0.61	0.0	CEPU
KEP	0.66	-0.79		-0.58	0.6	0.74	0.08	0.7	0.57	0.0	KEP
EDN	-0.65	0.75	-0.58		-0.58	-0.57	0.13	-0.35	-0.21	0.0	EDN
ETI-P	0.77	-0.68	0.6	-0.58		0.68	-0.23	0.55	0.22	0.0	ETI-P
IDA	0.83	-0.84	0.74	-0.57	0.68		0.34	0.88	0.77	0.0	IDA
MGEE	0.0	-0.12	0.08	0.13	-0.23	0.34		0.39	0.65	0.0	MGEE
HE	0.78	-0.78	0.7	-0.35	0.55	0.88	0.39		0.82	0.0	HE
POR	0.52	-0.61	0.57	-0.21	0.22	0.77	0.65	0.82		0.0	POR
PNM	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		PNM
	EBR	CEPU	KEP	EDN	ETI-P	IDA	MGEE	HE	POR	PNM

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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

HE	+ 0.88	IDA
IDA	+ 0.83	EBR
POR	+ 0.82	HE
HE	+ 0.78	EBR
ETI-P	+ 0.77	EBR
POR	+ 0.77	IDA

High negative correlations

IDA	- 0.84	CEPU
CEPU	- 0.8	EBR
KEP	- 0.79	CEPU
HE	- 0.78	CEPU
ETI-P	- 0.68	CEPU
EDN	- 0.65	EBR

Risk-Adjusted Indicators

There is a big difference between Genie Stock performing well and Genie 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 Genie 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
EBR	1.33	0.43	0.35	(1.55)	0.94	(1.66)	3.35	(2.30)	6.82
CEPU	2.54	(0.19)	0.00	0.26	0.00	0.00	6.23	(5.51)	14.76
KEP	1.44	0.05	0.04	0.03	2.02	(1.61)	3.50	(2.91)	12.25
EDN	3.15	(0.40)	0.00	0.90	0.00	0.00	5.55	(8.15)	21.66
ETI-P	0.69	0.08	0.16	(2.21)	0.72	(0.85)	1.65	(1.31)	4.55
IDA	0.85	0.13	0.14	4.05	1.22	(0.83)	1.57	(1.56)	6.15
MGEE	1.13	(0.03)	0.00	0.17	0.00	0.00	2.35	(2.37)	9.22
HE	2.04	0.18	0.12	(0.63)	2.08	(2.76)	5.60	(3.59)	12.61
POR	0.93	0.03	0.07	0.41	1.34	(0.94)	1.70	(1.86)	5.44
PNM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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Genie Energy Correlations

Moving together with Genie Stock

Moving against Genie Stock

Related Correlations Analysis

Correlation Matchups

Risk-Adjusted Indicators

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