Pampa Energia Correlations

PAM Stock

USD 82.38 2.88 3.62%

The current 90-days correlation between Pampa Energia SA and Grupo Financiero Galicia is 0.86 (i.e., Very poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Pampa Energia moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pampa Energia SA moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Pampa Energia Correlation With Market

Average diversification

The correlation between Pampa Energia SA and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pampa Energia SA and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pampa Energia SA. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Pampa Stock

0.8	TAC	TransAlta Corp	Pair Corr
0.67	RNWWW	ReNew Energy Global	Pair Corr
0.83	VSTE	Vast Renewables	Pair Corr

Moving against Pampa Stock

0.87	EVRG	Evergy,	Pair Corr
0.86	SO	Southern	Pair Corr
0.85	SR	Spire Inc	Pair Corr
0.84	ENIC	Enel Chile SA	Pair Corr
0.83	NI	NiSource	Pair Corr
0.83	DUKB	Duke Energy Corp	Pair Corr
0.82	ES	Eversource Energy	Pair Corr
0.81	ED	Consolidated Edison	Pair Corr
0.78	ELPC	Companhia Paranaense	Pair Corr
0.73	HE	Hawaiian Electric	Pair Corr
0.66	D	Dominion Energy	Pair Corr
0.58	CDZIP	Cadiz Depositary Shares Earnings Call This Week	Pair Corr
0.54	CMS-PB	Consumers Energy	Pair Corr
0.52	WTRG	Essential Utilities	Pair Corr
0.32	FE	FirstEnergy	Pair Corr
0.89	AEP	American Electric Power	Pair Corr
0.87	AEE	Ameren Corp	Pair Corr
0.87	EXC	Exelon	Pair Corr
0.86	DUK	Duke Energy	Pair Corr
0.84	ATO	Atmos Energy	Pair Corr
0.84	CMS	CMS Energy	Pair Corr
0.79	DTE	DTE Energy	Pair Corr
0.79	ELP	Companhia Paranaense	Pair Corr
0.78	CNP	CenterPoint Energy	Pair Corr
0.77	EBR	Centrais Electricas	Pair Corr
0.76	AVA	Avista	Pair Corr
0.75	ALE	Allete Inc	Pair Corr
0.75	BKH	Black Hills	Pair Corr

Related Correlations Analysis

	GGAL	BMA	EDN	TGS	SUPV
GGAL		0.97	0.4	0.85	0.85	GGAL
BMA	0.97		0.43	0.87	0.84	BMA
EDN	0.4	0.43		0.58	0.05	EDN
TGS	0.85	0.87	0.58		0.62	TGS
SUPV	0.85	0.84	0.05	0.62		SUPV
	GGAL	BMA	EDN	TGS	SUPV

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Risk-Adjusted Indicators

There is a big difference between Pampa Stock performing well and Pampa Energia 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 Pampa Energia'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
GGAL	2.81	(0.04)	0.00	(0.13)	0.00	0.00	5.31	(6.09)	17.43
BMA	3.32	(0.04)	0.00	(0.13)	0.00	0.00	7.03	(6.40)	23.57
EDN	3.11	(0.41)	0.00	(0.33)	0.00	0.00	5.55	(8.17)	21.66
TGS	2.86	(0.05)	0.00	(0.12)	0.00	0.00	6.71	(5.05)	18.61
SUPV	3.63	0.09	0.06	(0.13)	4.31	(3.84)	8.08	(7.26)	26.02

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