DTE Energy Correlations

DTG Stock

USD 17.50 0.06 0.34%

The current 90-days correlation between DTE Energy and TFI International is -0.44 (i.e., Very good diversification). The correlation of DTE 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.

DTE Energy Correlation With Market

Very weak diversification

The correlation between DTE Energy and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DTE Energy and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with DTE Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DTE 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 estimate.

For more detail on how to invest in DTE Stock please use our How to Invest in DTE Energy guide.

Moving together with DTE Stock

0.68	CDZIP	Cadiz Depositary Shares	Pair Corr
0.77	DTB	DTE Energy	Pair Corr
0.8	SOJE	Southern Company	Pair Corr
0.72	NEE-PN	Nextera Energy	Pair Corr

Moving against DTE Stock

0.44	EP-PC	El Paso Energy	Pair Corr
0.41	TLN	Talen Energy	Pair Corr
0.33	EMA	Emera Inc	Pair Corr
0.48	PTBRY	Bank Negara Indonesia	Pair Corr
0.43	SHG	Shinhan Financial	Pair Corr
0.4	ROL	Rollins	Pair Corr
0.4	KB	KB Financial Group	Pair Corr
0.37	FTDR	Frontdoor	Pair Corr
0.36	WF	Woori Financial Group	Pair Corr
0.35	PPERY	Bank Mandiri Persero	Pair Corr
0.32	BYDGF	Boyd Group Services	Pair Corr

Related Correlations Analysis

	CTGO	TFII	HAFN	B	GZITF	ALDF	CSXXY
CTGO		0.75	0.85	0.62	0.47	0.87	0.76	CTGO
TFII	0.75		0.86	0.3	0.43	0.9	0.8	TFII
HAFN	0.85	0.86		0.36	0.36	0.93	0.89	HAFN
B	0.62	0.3	0.36		0.54	0.38	0.32	B
GZITF	0.47	0.43	0.36	0.54		0.43	0.25	GZITF
ALDF	0.87	0.9	0.93	0.38	0.43		0.86	ALDF
CSXXY	0.76	0.8	0.89	0.32	0.25	0.86		CSXXY
	CTGO	TFII	HAFN	B	GZITF	ALDF	CSXXY

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Risk-Adjusted Indicators

There is a big difference between DTE Stock performing well and DTE 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 DTE 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
CTGO	3.68	1.21	0.31	(1.85)	2.92	(4.55)	10.50	(5.54)	22.27
TFII	1.98	0.39	0.11	(1.02)	2.02	(2.32)	4.76	(3.54)	17.34
HAFN	1.93	0.36	0.08	(1.55)	2.42	(2.11)	5.17	(3.66)	12.68
B	1.92	0.18	0.03	2.46	2.56	(2.06)	3.41	(3.54)	13.64
GZITF	0.11	0.00	0.00	0.00	0.00	0.00	0.00	0.00	3.57
ALDF	0.19	0.04	(0.25)	0.83	0.00	(0.27)	0.48	(0.38)	1.54
CSXXY	2.37	0.11	0.01	0.29	3.18	(3.44)	8.04	(5.26)	18.80

DTE Energy Corporate Management

James Vandenberghe	Independent Director	Profile
Robert Skaggs	Independent Director	Profile
Matthew Paul	Executive Vice President - DTE Electric	Profile
Marco Bruzzano	Senior Vice President - Corporate Strategy and Regulatory Affairs	Profile

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