Xcel Energy Correlations

XEL Stock

USD 70.38 0.73 1.05%

The current 90-days correlation between Xcel Energy and Entergy is 0.7 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Xcel Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Xcel Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Xcel Energy Correlation With Market

Modest diversification

The correlation between Xcel Energy and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Xcel Energy and DJI in the same portfolio, assuming nothing else is changed.

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Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Xcel 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 income.

For more information on how to buy Xcel Stock please use our How to buy in Xcel Stock guide.

Moving together with Xcel Stock

0.61	ED	Consolidated Edison	Pair Corr
0.79	FE	FirstEnergy	Pair Corr
0.8	AEE	Ameren Corp	Pair Corr
0.78	CMS	CMS Energy Earnings Call This Week	Pair Corr
0.72	CNP	CenterPoint Energy	Pair Corr
0.76	DTE	DTE Energy Earnings Call This Week	Pair Corr
0.69	EIX	Edison International Earnings Call This Week	Pair Corr
0.65	ETR	Entergy	Pair Corr
0.65	EXC	Exelon	Pair Corr
0.7	NWE	NorthWestern	Pair Corr
0.62	PCG	PGE Corp	Pair Corr
0.79	PNW	Pinnacle West Capital	Pair Corr
0.71	POR	Portland General Electric Earnings Call This Week	Pair Corr
0.71	PPL	PPL Corporation	Pair Corr
0.77	WEC	WEC Energy Group	Pair Corr

Moving against Xcel Stock

0.48	ELP	Companhia Paranaense	Pair Corr
0.35	EMA	Emera Incorporated	Pair Corr
0.33	ES	Eversource Energy Earnings Call This Week	Pair Corr
0.65	GNE	Genie Energy	Pair Corr
0.54	TLN	Talen Energy Upward Rally	Pair Corr
0.35	KEP	Korea Electric Power	Pair Corr
0.34	SCE-PJ	SCE Trust IV	Pair Corr

Related Correlations Analysis

	LNT	ETR	PNW	CMS	AEE	MGEE	EVRG	DTE	CNP	AEP
LNT		0.53	0.19	0.15	0.31	-0.11	0.19	0.61	0.15	0.27	LNT
ETR	0.53		0.61	0.59	0.76	0.1	0.32	0.74	0.62	0.61	ETR
PNW	0.19	0.61		0.93	0.91	0.43	0.23	0.58	0.73	0.86	PNW
CMS	0.15	0.59	0.93		0.91	0.44	0.19	0.58	0.68	0.81	CMS
AEE	0.31	0.76	0.91	0.91		0.37	0.37	0.62	0.7	0.86	AEE
MGEE	-0.11	0.1	0.43	0.44	0.37		-0.21	0.37	0.56	0.06	MGEE
EVRG	0.19	0.32	0.23	0.19	0.37	-0.21		0.01	-0.06	0.59	EVRG
DTE	0.61	0.74	0.58	0.58	0.62	0.37	0.01		0.7	0.41	DTE
CNP	0.15	0.62	0.73	0.68	0.7	0.56	-0.06	0.7		0.5	CNP
AEP	0.27	0.61	0.86	0.81	0.86	0.06	0.59	0.41	0.5		AEP
	LNT	ETR	PNW	CMS	AEE	MGEE	EVRG	DTE	CNP	AEP

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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

CMS	+ 0.93	PNW
AEE	+ 0.91	PNW
AEE	+ 0.91	CMS
AEP	+ 0.86	PNW
AEP	+ 0.86	AEE
AEP	+ 0.81	CMS

High negative correlations

EVRG	- 0.21	MGEE
MGEE	- 0.11	LNT
CNP	- 0.06	EVRG

Risk-Adjusted Indicators

There is a big difference between Xcel Stock performing well and Xcel 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 Xcel 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	0.91	0.01	(0.05)	0.15	1.25	(0.87)	1.58	(2.03)	6.57
ETR	0.97	0.00	(0.05)	0.14	1.10	(1.08)	2.03	(1.99)	5.53
PNW	0.83	(0.06)	0.00	(0.03)	0.00	0.00	1.53	(1.59)	4.10
CMS	0.88	(0.07)	0.00	(0.08)	0.00	0.00	1.51	(1.83)	5.27
AEE	0.76	(0.06)	(0.11)	0.00	1.11	(0.67)	1.42	(1.86)	4.87
MGEE	0.82	(0.15)	0.00	(0.17)	0.00	0.00	1.56	(1.97)	4.23
EVRG	0.89	(0.01)	(0.07)	0.11	1.21	(0.84)	1.91	(1.74)	6.52
DTE	0.80	0.01	(0.07)	0.15	1.01	(0.78)	1.70	(1.66)	5.27
CNP	0.78	(0.03)	(0.13)	0.01	0.97	(0.84)	1.48	(1.81)	4.96
AEP	0.78	(0.01)	(0.10)	0.10	1.03	(0.81)	1.53	(1.81)	6.00

Xcel Energy Corporate Management

Melissa Ostrom	Controller VP	Profile
Jeffrey Savage	Principal Accounting Officer, VP and Controller	Profile
Peter Gardner	Chief Officer	Profile
Robert Berntsen	Executive Officer	Profile

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