PPL Correlations

PPL Stock

USD 36.91 0.15 0.41%

The current 90-days correlation between PPL Corporation and FirstEnergy is 0.69 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as PPL moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PPL Corporation moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

PPL Correlation With Market

Modest diversification

The correlation between PPL Corp. and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PPL Corp. and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with PPL Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PPL Corporation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with PPL Stock

0.72	ES	Eversource Energy	Pair Corr
0.85	FE	FirstEnergy	Pair Corr
0.82	SO	Southern	Pair Corr
0.76	FTS	Fortis Inc	Pair Corr
0.7	SSLLF	Siltronic AG	Pair Corr
0.71	PATH	Uipath Inc	Pair Corr
0.68	BLNK	Blink Charging	Pair Corr
0.66	ATCD	Altair Corp	Pair Corr

Moving against PPL Stock

0.58	DTW	DTE Energy	Pair Corr
0.56	SOJC	Southern	Pair Corr
0.54	BNRG	Brenmiller Energy	Pair Corr
0.46	NTNX	Nutanix	Pair Corr
0.35	SOJE	Southern Company	Pair Corr
0.56	TCI	Transcontinental Realty	Pair Corr
0.49	FUTU	Futu Holdings Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	FE	AEE	ES	DTE	SO	FTS	EBR-B	EBR	ATO	CMS
FE		0.93	0.91	0.68	0.61	0.77	0.8	0.86	0.97	0.84	FE
AEE	0.93		0.86	0.8	0.58	0.85	0.72	0.79	0.92	0.91	AEE
ES	0.91	0.86		0.58	0.45	0.69	0.88	0.93	0.88	0.73	ES
DTE	0.68	0.8	0.58		0.8	0.64	0.29	0.4	0.63	0.73	DTE
SO	0.61	0.58	0.45	0.8		0.41	0.11	0.23	0.51	0.56	SO
FTS	0.77	0.85	0.69	0.64	0.41		0.58	0.64	0.83	0.93	FTS
EBR-B	0.8	0.72	0.88	0.29	0.11	0.58		0.96	0.79	0.56	EBR-B
EBR	0.86	0.79	0.93	0.4	0.23	0.64	0.96		0.85	0.64	EBR
ATO	0.97	0.92	0.88	0.63	0.51	0.83	0.79	0.85		0.9	ATO
CMS	0.84	0.91	0.73	0.73	0.56	0.93	0.56	0.64	0.9		CMS
	FE	AEE	ES	DTE	SO	FTS	EBR-B	EBR	ATO	CMS

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Risk-Adjusted Indicators

There is a big difference between PPL Stock performing well and PPL 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 PPL'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
FE	0.58	0.07	0.02	0.33	0.72	(0.58)	1.10	(1.34)	4.58
AEE	0.63	0.04	(0.01)	0.28	0.68	(0.70)	1.42	(1.16)	3.82
ES	1.00	0.14	0.08	0.27	1.19	(1.05)	2.13	(1.88)	6.80
DTE	0.71	(0.05)	0.00	(0.06)	0.00	0.00	1.34	(1.41)	3.81
SO	0.65	(0.05)	0.00	2.28	0.00	0.00	1.51	(1.36)	3.81
FTS	0.53	0.05	(0.02)	(0.92)	0.49	(0.59)	1.26	(0.91)	3.03
EBR-B	1.36	0.47	0.23	0.75	1.23	(1.59)	3.59	(2.80)	9.85
EBR	1.30	0.57	0.32	56.39	0.97	(1.52)	3.69	(1.88)	7.18
ATO	0.67	0.07	0.02	0.75	0.76	(0.65)	1.51	(1.57)	3.70
CMS	0.71	0.02	(0.03)	0.15	0.86	(0.67)	1.30	(1.44)	3.64

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