Georgia Power Correlations

GPJA Stock

USD 22.98 0.04 0.17%

The current 90-days correlation between Georgia Power and Southern Co is 0.79 (i.e., Poor diversification). The correlation of Georgia Power 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.

Georgia Power Correlation With Market

Very weak diversification

The correlation between Georgia Power Co and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Georgia Power Co and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Georgia Power Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in inflation.

Moving together with Georgia Stock

0.74	DUKB	Duke Energy Corp	Pair Corr
0.85	DTW	DTE Energy	Pair Corr
0.61	SOJD	Southern	Pair Corr
0.67	CDZIP	Cadiz Depositary Shares Earnings Call This Week	Pair Corr
0.73	ELPC	Companhia Paranaense	Pair Corr
0.73	ALE	Allete Inc	Pair Corr

Moving against Georgia Stock

0.67	VVPR	VivoPower International Buyout Trend	Pair Corr
0.53	AES	AES Aggressive Push	Pair Corr
0.41	NOVA	Sunnova Energy Inter	Pair Corr
0.74	XIFR	XPLR Infrastructure Symbol Change	Pair Corr
0.57	GNE	Genie Energy	Pair Corr
0.53	EIX	Edison International	Pair Corr

Related Correlations Analysis

	SOJC	EAI	DTW	ENO	DUKB
SOJC		0.69	0.62	0.64	0.24	SOJC
EAI	0.69		0.56	0.84	0.23	EAI
DTW	0.62	0.56		0.46	0.71	DTW
ENO	0.64	0.84	0.46		0.05	ENO
DUKB	0.24	0.23	0.71	0.05		DUKB
	SOJC	EAI	DTW	ENO	DUKB

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Risk-Adjusted Indicators

There is a big difference between Georgia Stock performing well and Georgia Power 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 Georgia Power'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
SOJC	0.57	(0.01)	0.00	(0.12)	0.00	0.00	1.34	(1.31)	4.50
EAI	0.70	0.04	0.10	0.06	0.85	(0.81)	1.79	(1.32)	4.99
DTW	0.73	0.04	0.10	0.07	0.82	(0.84)	2.12	(1.26)	4.55
ENO	0.60	0.00	0.00	(0.05)	0.00	0.00	1.15	(1.36)	3.82
DUKB	0.42	0.06	0.22	0.27	0.44	(0.51)	0.99	(0.69)	2.54

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