ENTERGY Correlations

Stocks . Germany . 
Stock . ENTERGY
ETY Stock   72.00  0.00  0.00%   
The current 90-days correlation between ENTERGY and Apple Inc is -0.23 (i.e., Very good diversification). The correlation of ENTERGY 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. If the correlation is 0, the equities are not correlated; they are entirely random.

ENTERGY Correlation With Market

Very good diversification

The correlation between ENTERGY and DJI is -0.24 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ENTERGY and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to ENTERGY could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ENTERGY when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ENTERGY - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ENTERGY to buy it.

Moving together with ENTERGY Stock

  0.69APC Apple IncPairCorr
  0.69APC Apple IncPairCorr
  0.7APC Apple IncPairCorr
  0.69APC Apple IncPairCorr
  0.69APC Apple IncPairCorr
  0.69APC Apple IncPairCorr
  0.69MSF MicrosoftPairCorr
  0.68MSF MicrosoftPairCorr
  0.69MSF MicrosoftPairCorr
  0.68MSF MicrosoftPairCorr
  0.76RS6 RELIANCE STEEL ALPairCorr
  0.74WX7 Corporate Office ProPairCorr
  0.770XHR Xenia Hotels ResortsPairCorr
  0.912CDA Controladora Vuela CompaaPairCorr
  0.91EN3 EnbridgePairCorr
  0.96WD5A TRAVEL LEISURE DLPairCorr
  0.912T9A TRAINLINE PLC LSPairCorr
  0.7MSF MicrosoftPairCorr
  0.89FFH Fifth Third BancorpPairCorr
  0.9LIE Sun Life FinancialPairCorr
  0.73AZ5 AutoZonePairCorr

Moving against ENTERGY Stock

  0.82SSU Samsung ElectronicsPairCorr
  0.82SSU Samsung ElectronicsPairCorr
  0.75SSUN Samsung ElectronicsPairCorr
  0.75SSUN Samsung ElectronicsPairCorr
  0.73TCID Telkom Indonesia TbkPairCorr
  0.72PTI Perusahaan PerseroanPairCorr
  0.65TCID Telkom Indonesia TbkPairCorr
  0.61TCID Telkom Indonesia TbkPairCorr
  0.87TCID Telkom Indonesia TbkPairCorr
  0.48ECHA Ecopetrol SAPairCorr
  0.55AXI Atos SEPairCorr
  0.38C4S1 CHINA STATE STRUPairCorr
  0.3518V CHINA VANKE TDPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between ENTERGY Stock performing well and ENTERGY 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 ENTERGY'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
APC  0.88  0.27  0.21  1.71  0.89 
(0.97)
 1.81 
(1.75)
 4.97 
APC  0.84  0.27  0.20  4.25  0.97 
(0.93)
 1.88 
(1.73)
 5.24 
APC  0.84  0.28  0.23  5.35  0.82 
(0.93)
 2.06 
(1.76)
 4.50 
APC  0.91  0.29  0.19  20.62  1.05 
(0.98)
 2.22 
(1.83)
 6.45 
APC  0.95  0.29  0.25 (3.78) 0.75 
(1.12)
 2.83 
(1.69)
 5.24 
APC  0.83  0.28  0.21  1.38  1.00 
(0.93)
 1.88 
(1.61)
 6.46 
MSF  0.97  0.10  0.06  1.09  1.27 
(1.17)
 2.55 
(1.61)
 8.71 
MSF  1.06  0.10  0.05  1.29  1.41 
(1.17)
 2.35 
(1.92)
 9.11 
MSF  1.01  0.11  0.05  1.00  1.49 
(1.16)
 2.42 
(1.93)
 11.42 
MSF  0.91  0.13  0.07 (5.19) 1.33 
(0.99)
 2.04 
(1.49)
 8.79 

Be your own money manager

Our tools can tell you how much better you can do entering a position in ENTERGY without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Premium Stories Now

   

Premium Stories

Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
All  Next Launch Module
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
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY