Emera Incorporated Correlations
| EMA Stock | 49.08 0.05 0.10% |
The current 90-days correlation between Emera Incorporated and Alliant Energy Corp is 0.35 (i.e., Weak diversification). The correlation of Emera Incorporated 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.
Emera Incorporated Correlation With Market
Very good diversification
The correlation between Emera Incorporated and DJI is -0.25 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Emera Incorporated and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Emera Stock
Moving against Emera Stock
Related Correlations Analysis
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 Emera Stock performing well and Emera Incorporated 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 Emera Incorporated'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 | 0.68 | 0.02 | (0.03) | 0.12 | 0.93 | 1.19 | 4.67 | |||
| EVRG | 0.71 | 0.00 | (0.04) | 0.06 | 1.03 | 1.30 | 4.29 | |||
| SRE | 0.91 | 0.10 | 0.06 | 0.21 | 1.00 | 1.98 | 7.85 | |||
| PNW | 0.72 | 0.04 | (0.02) | (15.07) | 0.81 | 1.44 | 4.33 | |||
| OGE | 0.74 | (0.06) | 0.00 | (0.11) | 0.00 | 1.43 | 3.78 | |||
| WTRG | 1.19 | 0.06 | 0.00 | 2.07 | 1.34 | 2.22 | 6.22 | |||
| IDA | 0.69 | 0.00 | (0.04) | 0.05 | 0.88 | 1.24 | 3.68 | |||
| FRMI | 6.39 | (1.95) | 0.00 | (1.91) | 0.00 | 13.39 | 59.14 | |||
| CMS | 0.82 | (0.01) | (0.05) | (0.02) | 1.13 | 1.30 | 5.00 | |||
| SBS | 1.40 | 0.03 | 0.01 | 0.09 | 2.01 | 3.28 | 10.27 |
Emera Incorporated Corporate Executives
Elected by the shareholders, the Emera Incorporated's board of directors comprises two types of representatives: Emera Incorporated inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Emera. The board's role is to monitor Emera Incorporated's management team and ensure that shareholders' interests are well served. Emera Incorporated's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Emera Incorporated's outside directors are responsible for providing unbiased perspectives on the board's policies.