Constellation Energy Correlations

CEG Stock

USD 321.42 13.34 4.33%

The current 90-days correlation between Constellation Energy Corp and Exelon is 0.13 (i.e., Average diversification). The correlation of Constellation Energy 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.

Constellation Energy Correlation With Market

Weak diversification

The correlation between Constellation Energy Corp and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Constellation Energy Corp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Constellation Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Constellation Energy Corp. 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.

Moving together with Constellation Stock

0.65	RNWWW	ReNew Energy Global	Pair Corr
0.8	ENLT	Enlight Renewable Energy	Pair Corr
0.69	FLNC	Fluence Energy Buyout Trend	Pair Corr
0.83	BEP	Brookfield Renewable	Pair Corr
0.7	ORA	Ormat Technologies	Pair Corr
0.75	RNW	Renew Energy Global	Pair Corr
0.78	BEPC	Brookfield Renewable Corp	Pair Corr
0.82	CWEN	Clearway Energy Class	Pair Corr
0.82	D	Dominion Energy	Pair Corr
0.91	ES	Eversource Energy Earnings Call This Week	Pair Corr
0.9	ELPC	Companhia Paranaense	Pair Corr
0.66	ENIC	Enel Chile SA Earnings Call This Week	Pair Corr

Moving against Constellation Stock

0.96	BNRG	Brenmiller Energy	Pair Corr
0.91	ED	Consolidated Edison	Pair Corr
0.88	ALCE	Alternus Energy Group	Pair Corr
0.83	SUUN	SolarBank Common	Pair Corr
0.61	NXXT	NextNRG Symbol Change	Pair Corr
0.49	FE	FirstEnergy	Pair Corr
0.36	SAFX	XCF Global, Class	Pair Corr
0.91	CWT	California Water Service	Pair Corr
0.88	AVA	Avista	Pair Corr
0.84	CPK	Chesapeake Utilities	Pair Corr
0.81	WTRG	Essential Utilities	Pair Corr
0.78	BKH	Black Hills	Pair Corr
0.75	CMS	CMS Energy Earnings Call This Week	Pair Corr
0.65	AWK	American Water Works	Pair Corr
0.61	SR	Spire Inc	Pair Corr
0.61	AWR	American States Water	Pair Corr
0.59	AEE	Ameren Corp	Pair Corr
0.54	ATO	Atmos Energy	Pair Corr

Related Correlations Analysis

	CWEN	BEPC	BEP	EXC	ETR	CMS	DTE
CWEN		0.94	0.93	-0.75	-0.09	-0.61	-0.24	CWEN
BEPC	0.94		0.97	-0.73	-0.04	-0.53	-0.22	BEPC
BEP	0.93	0.97		-0.8	-0.09	-0.6	-0.19	BEP
EXC	-0.75	-0.73	-0.8		0.4	0.89	0.37	EXC
ETR	-0.09	-0.04	-0.09	0.4		0.59	0.74	ETR
CMS	-0.61	-0.53	-0.6	0.89	0.59		0.58	CMS
DTE	-0.24	-0.22	-0.19	0.37	0.74	0.58		DTE
	CWEN	BEPC	BEP	EXC	ETR	CMS	DTE

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

BEP	+ 0.97	BEPC
BEPC	+ 0.94	CWEN
BEP	+ 0.93	CWEN
CMS	+ 0.89	EXC
DTE	+ 0.74	ETR
CMS	+ 0.59	ETR

High negative correlations

EXC	- 0.8	BEP
EXC	- 0.75	CWEN
EXC	- 0.73	BEPC
CMS	- 0.61	CWEN
CMS	- 0.6	BEP
CMS	- 0.53	BEPC

Risk-Adjusted Indicators

There is a big difference between Constellation Stock performing well and Constellation 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 Constellation 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
CWEN	1.24	0.14	0.05	0.34	1.57	(1.32)	2.56	(2.33)	7.51
BEPC	1.51	0.44	0.20	1.45	1.39	(1.70)	3.45	(2.39)	9.89
BEP	1.41	0.35	0.14	1.56	1.49	(1.54)	3.02	(2.31)	10.09
EXC	0.87	(0.14)	0.00	(0.45)	0.00	0.00	1.71	(1.88)	5.14
ETR	0.97	0.00	(0.05)	0.14	1.10	(1.08)	2.03	(1.99)	5.53
CMS	0.88	(0.07)	0.00	(0.08)	0.00	0.00	1.51	(1.83)	5.27
DTE	0.80	0.01	(0.07)	0.15	1.01	(0.78)	1.70	(1.66)	5.27

Constellation Energy Corporate Management

Arden Phillips	Corporate Secretary	Profile
Phillip Barnett	VP Company	Profile
Susie Kutansky	Executive Officer	Profile
Michael Koehler	Executive Officer	Profile
Matthew Price	Executive Counsel	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