Xcel Energy Correlations

XEL Stock

USD 80.26 0.66 0.83%

The current 90-days correlation between Xcel Energy and Entergy is 0.56 (i.e., Very weak 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

Average diversification

The correlation between Xcel Energy and DJI is 0.14 (i.e., Average 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.

Build AI portfolio with Xcel Stock

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 commodities.

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

Moving together with Xcel Stock

0.63	CMSC	CMS Energy Corp	Pair Corr
0.78	TLN	Talen Energy	Pair Corr
0.76	CMSA	CMS Energy Corp	Pair Corr
0.78	INBX	Inhibrx Biosciences,	Pair Corr
0.87	KTOS	Kratos Defense Security	Pair Corr
0.66	FARO	FARO Technologies	Pair Corr
0.68	UI	Ubiquiti Networks	Pair Corr
0.73	DSVSF	Discovery Metals Corp	Pair Corr
0.63	DOMH	Dominari Holdings	Pair Corr
0.7	WAFU	Wah Fu Education	Pair Corr
0.65	ACSAY	ACS Actividades De	Pair Corr
0.78	TR	Tootsie Roll Industries	Pair Corr

Moving against Xcel Stock

0.5	LNDNF	Lundin Energy AB	Pair Corr
0.38	BLSP	Blue Sphere Corp	Pair Corr

Related Correlations Analysis

	LNT	ETR	PNW	CMS	AEE	MGEE	EVRG	DTE	CNP	AEP
LNT		0.93	0.2	0.85	0.91	-0.52	0.79	0.92	0.88	0.9	LNT
ETR	0.93		-0.02	0.73	0.93	-0.64	0.88	0.89	0.94	0.81	ETR
PNW	0.2	-0.02		0.59	0.07	0.23	-0.18	0.32	-0.01	0.39	PNW
CMS	0.85	0.73	0.59		0.74	-0.34	0.5	0.87	0.76	0.88	CMS
AEE	0.91	0.93	0.07	0.74		-0.63	0.84	0.85	0.85	0.84	AEE
MGEE	-0.52	-0.64	0.23	-0.34	-0.63		-0.55	-0.49	-0.65	-0.46	MGEE
EVRG	0.79	0.88	-0.18	0.5	0.84	-0.55		0.7	0.79	0.66	EVRG
DTE	0.92	0.89	0.32	0.87	0.85	-0.49	0.7		0.85	0.82	DTE
CNP	0.88	0.94	-0.01	0.76	0.85	-0.65	0.79	0.85		0.79	CNP
AEP	0.9	0.81	0.39	0.88	0.84	-0.46	0.66	0.82	0.79		AEP
	LNT	ETR	PNW	CMS	AEE	MGEE	EVRG	DTE	CNP	AEP

Please upgrade your account to get full access to Macroaxis premium features

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	+ 0.94	ETR
ETR	+ 0.93	LNT
AEE	+ 0.93	ETR
DTE	+ 0.92	LNT
AEE	+ 0.91	LNT
AEP	+ 0.9	LNT

High negative correlations

CNP	- 0.65	MGEE
MGEE	- 0.64	ETR
MGEE	- 0.63	AEE
EVRG	- 0.55	MGEE
MGEE	- 0.52	LNT
DTE	- 0.49	MGEE

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	0.77	0.13	0.10	0.43	0.68	(0.88)	1.43	(1.19)	4.18
ETR	0.85	0.21	0.20	0.49	0.63	(0.99)	1.95	(1.43)	4.34
PNW	0.84	(0.02)	(0.05)	0.03	1.02	(0.86)	1.72	(1.50)	3.98
CMS	0.69	0.04	(0.01)	0.23	0.78	(0.73)	1.49	(1.23)	4.52
AEE	0.68	0.12	0.04	(0.59)	0.65	(0.74)	1.53	(1.21)	3.82
MGEE	0.98	(0.19)	0.00	(0.09)	0.00	0.00	1.88	(1.98)	5.44
EVRG	0.68	0.14	0.11	0.42	0.61	(0.72)	1.56	(1.18)	3.79
DTE	0.70	0.09	0.05	0.32	0.73	(0.72)	1.69	(1.36)	4.05
CNP	0.79	0.12	0.06	1.68	0.90	(0.82)	1.65	(1.67)	4.79
AEP	0.76	0.14	0.11	0.55	0.71	(0.88)	1.50	(1.26)	5.75

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC