Duke Energy Correlations

DUKB Stock

USD 24.20 0.07 0.29%

The current 90-days correlation between Duke Energy Corp and Southern Co is 0.78 (i.e., Poor diversification). The correlation of Duke 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.

Duke Energy Correlation With Market

Weak diversification

The correlation between Duke Energy Corp and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Duke Energy Corp and DJI in the same portfolio, assuming nothing else is changed.

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Duke Energy Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

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

Moving together with Duke Stock

0.76	AQNB	Algonquin Power Utilities	Pair Corr
0.72	HE	Hawaiian Electric Sell-off Trend	Pair Corr
0.62	SR	Spire Inc	Pair Corr
0.76	ENIC	Enel Chile SA	Pair Corr
0.63	EVRG	Evergy,	Pair Corr
0.7	AEE	Ameren Corp	Pair Corr
0.66	ALE	Allete Inc	Pair Corr
0.67	BKH	Black Hills	Pair Corr

Moving against Duke Stock

0.52	NOVA	Sunnova Energy Inter	Pair Corr
0.4	RNWWW	ReNew Energy Global	Pair Corr
0.31	VVPR	VivoPower International	Pair Corr
0.72	XIFR	XPLR Infrastructure Symbol Change	Pair Corr
0.4	EIX	Edison International	Pair Corr
0.37	GEV	GE Vernova LLC Sell-off Trend	Pair Corr

Related Correlations Analysis

	SOJC	DTW	CMSC	CMSD	EAI
SOJC		0.78	0.75	0.81	0.89	SOJC
DTW	0.78		0.87	0.91	0.86	DTW
CMSC	0.75	0.87		0.91	0.74	CMSC
CMSD	0.81	0.91	0.91		0.83	CMSD
EAI	0.89	0.86	0.74	0.83		EAI
	SOJC	DTW	CMSC	CMSD	EAI

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Risk-Adjusted Indicators

There is a big difference between Duke Stock performing well and Duke 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 Duke 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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
SOJC	0.52	(0.01)	(0.17)	1.15	(1.11)	4.50
DTW	0.70	(0.03)	(0.19)	1.61	(1.44)	4.65
CMSC	0.48	(0.07)	6.18	1.27	(0.90)	3.81
CMSD	0.55	(0.06)	(0.39)	1.44	(1.35)	4.16
EAI	0.55	0.00	(0.07)	1.32	(1.12)	4.44

Duke Energy Corporate Management

W Dunbar	Independent Director	Profile
Keith Butler	Senior Vice President Chief Security Officer	Profile
Thomas Skains	Independent Director	Profile
Kodwo GharteyTagoe	Executive Vice President Corporate Secretary, Chief Legal Officer	Profile

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