WEC Energy Correlations
| WEC Stock | USD 101.82 0.27 0.27% |
The current 90-days correlation between WEC Energy Group and Alliant Energy Corp is 0.7 (i.e., Poor diversification). The correlation of WEC 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.
WEC Energy Correlation With Market
Modest diversification
The correlation between WEC Energy Group and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WEC Energy Group and DJI in the same portfolio, assuming nothing else is changed.
WEC |
Moving together with WEC Stock
| 0.62 | D | Dominion Energy | PairCorr |
| 0.83 | EVRG | Evergy, | PairCorr |
| 0.91 | AEE | Ameren Corp | PairCorr |
| 0.74 | AGR | Avangrid | PairCorr |
| 0.87 | CNP | CenterPoint Energy | PairCorr |
| 0.72 | EDN | Empresa Distribuidora | PairCorr |
| 0.77 | ETR | Entergy | PairCorr |
| 0.74 | IDA | IDACORP | PairCorr |
| 0.87 | LNT | Alliant Energy Corp | PairCorr |
| 0.85 | OGE | OGE Energy | PairCorr |
| 0.85 | PCG | PGE Corp Aggressive Push | PairCorr |
| 0.7 | PEG | Public Service Enterprise | PairCorr |
| 0.69 | PNW | Pinnacle West Capital | PairCorr |
| 0.88 | PPL | PPL Corporation | PairCorr |
| 0.72 | TLN | Talen Energy | PairCorr |
| 0.8 | XEL | Xcel Energy Fiscal Year End 23rd of January 2025 | PairCorr |
Moving against WEC Stock
Related Correlations Analysis
| 0.52 | 0.77 | 0.57 | 0.6 | -0.01 | 0.58 | LNT | ||
| 0.52 | 0.12 | -0.08 | -0.05 | 0.33 | 0.33 | EXC | ||
| 0.77 | 0.12 | 0.92 | 0.88 | -0.3 | 0.32 | EVRG | ||
| 0.57 | -0.08 | 0.92 | 0.82 | -0.24 | 0.28 | PNW | ||
| 0.6 | -0.05 | 0.88 | 0.82 | -0.61 | 0.01 | MGEE | ||
| -0.01 | 0.33 | -0.3 | -0.24 | -0.61 | 0.6 | FE | ||
| 0.58 | 0.33 | 0.32 | 0.28 | 0.01 | 0.6 | EIX | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between WEC Stock performing well and WEC 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 WEC 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LNT | 0.90 | 0.16 | 0.04 | 12.12 | 1.00 | 2.04 | 5.81 | |||
| EXC | 0.82 | 0.06 | (0.04) | 0.66 | 1.00 | 1.50 | 5.42 | |||
| EVRG | 0.66 | 0.15 | 0.06 | 1.03 | 0.60 | 1.53 | 3.30 | |||
| PNW | 0.83 | 0.10 | 0.03 | 0.35 | 0.77 | 1.99 | 4.99 | |||
| MGEE | 1.06 | 0.18 | 0.17 | 0.28 | 0.84 | 2.95 | 9.44 | |||
| FE | 0.70 | (0.02) | 0.00 | (0.11) | 0.00 | 1.13 | 3.72 | |||
| EIX | 0.82 | 0.05 | (0.04) | 0.42 | 0.96 | 1.77 | 3.77 |