Pacific Gas Correlations

Preferred Stocks . USA . 
Preferred Stock . Pacific Gas and
PCG-PD Preferred Stock  USD 18.22  0.12  0.66%   
The current 90-days correlation between Pacific Gas and Pacific Gas and is 0.23 (i.e., Modest diversification). The correlation of Pacific Gas 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.

Pacific Gas Correlation With Market

Good diversification

The correlation between Pacific Gas and and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pacific Gas and and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Pacific Gas could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pacific Gas when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Pacific Gas - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Pacific Gas and to buy it.

Moving together with Pacific Preferred Stock

  0.75VSTE Vast RenewablesPairCorr
  0.66EDN Empresa DistribuidoraPairCorr
  0.89EIX Edison InternationalPairCorr
  0.87PCG PGE CorpPairCorr
  0.7VSTEW Vast RenewablesPairCorr

Moving against Pacific Preferred Stock

  0.82ETR EntergyPairCorr
  0.8AEE Ameren CorpPairCorr
  0.78AEP American Electric PowerPairCorr
  0.78EXC ExelonPairCorr
  0.76EVRG Evergy,PairCorr
  0.71ENIC Enel Chile SAPairCorr
  0.71EBR Centrais ElectricasPairCorr
  0.69DUK Duke EnergyPairCorr
  0.67NGG National Grid PLCPairCorr
  0.66FTS Fortis IncPairCorr
  0.65D Dominion EnergyPairCorr
  0.62ED Consolidated EdisonPairCorr
  0.62ES Eversource EnergyPairCorr
  0.61SO SouthernPairCorr
  0.57CNP CenterPoint EnergyPairCorr
  0.56LNT Alliant Energy CorpPairCorr
  0.54CMS CMS EnergyPairCorr
  0.54DTE DTE EnergyPairCorr
  0.46IDA IDACORPPairCorr
  0.45KEP Korea Electric PowerPairCorr
  0.35HE Hawaiian ElectricPairCorr
  0.35CMS-PB Consumers EnergyPairCorr
  0.76ETI-P Entergy TexasPairCorr
  0.74PPL PPL CorporationPairCorr
  0.74WEC WEC Energy GroupPairCorr
  0.71OGE OGE EnergyPairCorr
  0.68DUK-PA Duke EnergyPairCorr
  0.66PNW Pinnacle West CapitalPairCorr
  0.61VIASP Via RenewablesPairCorr
  0.6OKLO Oklo Inc Symbol ChangePairCorr
  0.48XEL Xcel EnergyPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Pacific Preferred Stock performing well and Pacific Gas 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 Pacific Gas' 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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Pacific Gas without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pacific Gas Corporate Management

David ThomasonCFO VPProfile
Fong WanVP ProcurementProfile
Stephen CairnsVP OfficerProfile
Adam WrightCOO OperationProfile
Joseph ForlineVP OperationsProfile
Patricia PoppeCEO DirectorProfile
Sumeet SinghChief VPProfile
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