Sempra Energy Correlations

SRE Stock

USD 70.00 0.44 0.62%

The current 90-days correlation between Sempra Energy and The AES is 0.12 (i.e., Average diversification). The correlation of Sempra 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.

Sempra Energy Correlation With Market

Average diversification

The correlation between Sempra Energy 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 Sempra Energy and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sempra 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 metropolitan statistical area.

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

Moving together with Sempra Stock

0.74	BIP	Brookfield Infrastructure	Pair Corr
0.74	MNTK	Montauk Renewables	Pair Corr
0.61	CMS-PC	CMS Energy	Pair Corr
0.65	RNWWW	ReNew Energy Global	Pair Corr
0.76	VSTE	Vast Renewables	Pair Corr

Moving against Sempra Stock

0.81	AVA	Avista	Pair Corr
0.81	ED	Consolidated Edison	Pair Corr
0.77	SO	Southern	Pair Corr
0.72	SR	Spire Inc	Pair Corr
0.67	ALE	Allete Inc	Pair Corr
0.64	OTTR	Otter Tail	Pair Corr
0.59	AQN	Algonquin Power Utilities	Pair Corr
0.57	DUKB	Duke Energy Corp	Pair Corr
0.56	NI	NiSource	Pair Corr
0.54	ELPC	Companhia Paranaense	Pair Corr
0.54	ELP	Companhia Paranaense	Pair Corr
0.51	CMS-PB	Consumers Energy	Pair Corr
0.5	ES	Eversource Energy	Pair Corr
0.47	HE	Hawaiian Electric	Pair Corr
0.41	CIG	Companhia Energetica	Pair Corr
0.39	D	Dominion Energy	Pair Corr
0.33	BIP-PA	Brookfield Infrastructure	Pair Corr
0.78	AWK	American Water Works	Pair Corr
0.75	DUK	Duke Energy	Pair Corr
0.74	CMS	CMS Energy Sell-off Trend	Pair Corr
0.72	AEP	American Electric Power	Pair Corr
0.72	CNP	CenterPoint Energy	Pair Corr
0.72	DTE	DTE Energy	Pair Corr
0.71	EBR	Centrais Electricas	Pair Corr
0.69	ATO	Atmos Energy	Pair Corr
0.66	AEE	Ameren Corp Sell-off Trend	Pair Corr
0.64	ENIC	Enel Chile SA	Pair Corr
0.62	EVRG	Evergy,	Pair Corr
0.59	WTRG	Essential Utilities	Pair Corr
0.57	CDZIP	Cadiz Depositary Shares Earnings Call This Week	Pair Corr
0.56	CPK	Chesapeake Utilities	Pair Corr

Related Correlations Analysis

	ALE	AVA	NWE	AES	BIP	BKH	AESC	OTTR	MNTK	ELP
ALE		0.7	0.73	-0.62	-0.25	0.52	0.0	0.84	-0.31	0.83	ALE
AVA	0.7		0.83	-0.1	-0.64	0.79	0.0	0.77	-0.74	0.66	AVA
NWE	0.73	0.83		-0.21	-0.56	0.59	0.0	0.76	-0.64	0.64	NWE
AES	-0.62	-0.1	-0.21		-0.28	-0.12	0.0	-0.38	-0.31	-0.52	AES
BIP	-0.25	-0.64	-0.56	-0.28		-0.28	0.0	-0.39	0.88	-0.19	BIP
BKH	0.52	0.79	0.59	-0.12	-0.28		0.0	0.72	-0.51	0.65	BKH
AESC	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	AESC
OTTR	0.84	0.77	0.76	-0.38	-0.39	0.72	0.0		-0.52	0.84	OTTR
MNTK	-0.31	-0.74	-0.64	-0.31	0.88	-0.51	0.0	-0.52		-0.38	MNTK
ELP	0.83	0.66	0.64	-0.52	-0.19	0.65	0.0	0.84	-0.38		ELP
	ALE	AVA	NWE	AES	BIP	BKH	AESC	OTTR	MNTK	ELP

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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

MNTK	+ 0.88	BIP
OTTR	+ 0.84	ALE
ELP	+ 0.84	OTTR
ELP	+ 0.83	ALE
NWE	+ 0.83	AVA
BKH	+ 0.79	AVA

High negative correlations

MNTK	- 0.74	AVA
MNTK	- 0.64	NWE
BIP	- 0.64	AVA
AES	- 0.62	ALE
BIP	- 0.56	NWE
MNTK	- 0.52	OTTR

Risk-Adjusted Indicators

There is a big difference between Sempra Stock performing well and Sempra 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 Sempra 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
ALE	0.22	0.03	0.33	0.35	0.20	(0.23)	0.50	(0.48)	1.28
AVA	1.00	0.16	0.13	0.42	1.49	(1.01)	2.36	(3.47)	6.64
NWE	1.12	0.18	0.14	0.45	1.47	(1.13)	2.32	(2.57)	7.16
AES	2.08	0.03	0.00	(0.03)	0.00	0.00	4.49	(4.24)	15.11
BIP	1.41	(0.12)	0.00	(0.19)	0.00	0.00	3.18	(3.39)	8.95
BKH	0.90	0.04	0.06	0.02	1.37	(0.86)	1.58	(2.11)	7.57
AESC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
OTTR	1.22	0.14	0.11	0.27	1.49	(1.27)	2.36	(2.12)	8.55
MNTK	4.01	(0.87)	0.00	(1.03)	0.00	0.00	7.25	(10.21)	30.69
ELP	1.71	0.30	0.14	0.53	2.24	(1.72)	3.42	(4.03)	8.80

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