Emera Incorporated Correlations

EMA Stock   46.87  0.62  1.34%   
The current 90-days correlation between Emera Incorporated and Treasury Wine Estates is 0.1 (i.e., Average 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

Good diversification

The correlation between Emera Incorporated and DJI is -0.11 (i.e., 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.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Emera Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
For information on how to trade Emera Stock refer to our How to Trade Emera Stock guide.

Moving together with Emera Stock

  0.73D Dominion EnergyPairCorr
  0.66ES Eversource Energy Earnings Call This WeekPairCorr
  0.76KEP Korea Electric PowerPairCorr
  0.69TLN Talen EnergyPairCorr

Moving against Emera Stock

  0.68EDN Empresa DistribuidoraPairCorr
  0.56EIX Edison InternationalPairCorr
  0.53ED Consolidated EdisonPairCorr
  0.48EXC Exelon Earnings Call This WeekPairCorr
  0.46FE FirstEnergy Earnings Call This WeekPairCorr
  0.36CNP CenterPoint Energy Earnings Call This WeekPairCorr
  0.71PCG PGE Corp Earnings Call This WeekPairCorr
  0.66MGEE MGE Energy Earnings Call This WeekPairCorr
  0.62NWE NorthWestern Earnings Call This WeekPairCorr
  0.62PCG-PC Pacific GasPairCorr
  0.59PCG-PI Pacific GasPairCorr
  0.56PCG-PH Pacific GasPairCorr
  0.48PCG-PG Pacific GasPairCorr
  0.38POR Portland General Electric Earnings Call TodayPairCorr
  0.33PCG-PD Pacific GasPairCorr

Related Correlations Analysis

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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   
MOSCF
HWKNAPD
MOSAPD
HWKNCF
HWKNMOS
CFAPD
  
High negative correlations   
PRMBHWKN
PRMBAPD
PRMBCF
PRMBMOS
PRMBTSRYF
PRMBFIZZ

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.

Emera Incorporated Corporate Management

Karen HuttChief OfficerProfile
Chris HeckChief OfficerProfile
Janelle PooleVice AffairsProfile
Daniel MuldoonExecutive SupportProfile