TXNM Energy, Correlations

Stocks . USA . 
Stock . TXNM Energy,
TXNM Stock  USD 49.20  0.90  1.86%   
The current 90-days correlation between TXNM Energy, and IDACORP is 0.41 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as TXNM Energy, moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TXNM Energy, moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

TXNM Energy, Correlation With Market

Average diversification

The correlation between TXNM Energy, and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TXNM 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 TXNM 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.
To learn how to invest in TXNM Stock, please use our How to Invest in TXNM Energy, guide.

Moving together with TXNM Stock

  0.9EVRG Evergy,PairCorr
  0.95AEE Ameren CorpPairCorr
  0.83AGR AvangridPairCorr
  0.92CNP CenterPoint EnergyPairCorr
  0.89EDN Empresa DistribuidoraPairCorr
  0.91ETR EntergyPairCorr
  0.87IDA IDACORPPairCorr
  0.75LNT Alliant Energy CorpPairCorr
  0.94OGE OGE EnergyPairCorr
  0.84PCG PGE Corp Aggressive PushPairCorr
  0.7PEG Public Service EnterprisePairCorr
  0.78PNW Pinnacle West CapitalPairCorr
  0.92PPL PPL CorporationPairCorr
  0.91TLN Talen EnergyPairCorr
  0.86WEC WEC Energy GroupPairCorr
  0.93XEL Xcel Energy Fiscal Year End 23rd of January 2025 PairCorr

Moving against TXNM Stock

  0.83EBR Centrais ElectricasPairCorr
  0.63ES Eversource EnergyPairCorr
  0.56FE FirstEnergyPairCorr
  0.46AEP American Electric PowerPairCorr
  0.45ED Consolidated Edison Sell-off TrendPairCorr
  0.62NGG National Grid PLCPairCorr
  0.5GNE Genie EnergyPairCorr
  0.5NEE Nextera Energy Aggressive PushPairCorr

Related Correlations Analysis

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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   
CNP
+ 0.96
AEE
CMS
+ 0.88
DTE
IDA
+ 0.84
PNW
IDA
+ 0.81
AEE
IDA
+ 0.71
CNP
PNW
+ 0.7
AEE
  
High negative correlations   
IDA
- 0.51
DTE
PNW
- 0.28
DTE
IDA
- 0.22
CMS
AEE
- 0.07
DTE

Risk-Adjusted Indicators

There is a big difference between TXNM Stock performing well and TXNM 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 TXNM 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.

TXNM Energy, Corporate Management

Sabrina GreinelVP TreasurerProfile
Gerald BischoffVP OfficerProfile
Sheila MendezVP OfficerProfile
Lisa GoodmanExecutive RelationsProfile
Brian IversonCorporate CounselProfile
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