Korea Electric Correlations

KEP Stock

USD 9.26 0.22 2.43%

The current 90-days correlation between Korea Electric Power and Centrais Eltricas Brasileiras is 0.32 (i.e., Weak diversification). The correlation of Korea Electric 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Korea Electric Correlation With Market

Very good diversification

The correlation between Korea Electric Power and DJI is -0.22 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Korea Electric Power and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Korea Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Korea Electric Power. 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 Korea Stock

0.64	ED	Consolidated Edison	Pair Corr
0.71	FE	FirstEnergy	Pair Corr
0.77	CNP	CenterPoint Energy	Pair Corr
0.73	EBR	Centrais Electricas Earnings Call This Week	Pair Corr
0.72	EXC	Exelon	Pair Corr
0.86	FTS	Fortis Inc	Pair Corr
0.86	NGG	National Grid PLC	Pair Corr

Moving against Korea Stock

0.67	PCG-PB	Pacific Gas	Pair Corr
0.54	CMS-PB	Consumers Energy	Pair Corr
0.54	CMS-PC	CMS Energy	Pair Corr
0.49	VSTE	Vast Renewables	Pair Corr
0.35	EDN	Empresa Distribuidora	Pair Corr
0.68	SCE-PL	SCE Trust VI	Pair Corr
0.63	SCE-PG	SCE Trust II	Pair Corr
0.49	OKLO	Oklo Inc Earnings Call This Week	Pair Corr
0.49	NEE	Nextera Energy	Pair Corr
0.39	SCE-PK	SCE Trust V	Pair Corr
0.35	SCE-PJ	SCE Trust IV	Pair Corr
0.32	VSTEW	Vast Renewables	Pair Corr

Related Correlations Analysis

	ENIC	EBR-B	CEPU	CMS	POR	PNM	MGEE	OGE	LNT
ENIC		0.51	0.06	0.43	0.3	0.0	0.59	0.6	0.49	ENIC
EBR-B	0.51		-0.59	0.62	0.14	0.0	0.26	0.65	0.11	EBR-B
CEPU	0.06	-0.59		-0.62	-0.18	0.0	0.08	-0.42	-0.05	CEPU
CMS	0.43	0.62	-0.62		0.77	0.0	0.63	0.87	0.7	CMS
POR	0.3	0.14	-0.18	0.77		0.0	0.77	0.66	0.86	POR
PNM	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	PNM
MGEE	0.59	0.26	0.08	0.63	0.77	0.0		0.69	0.79	MGEE
OGE	0.6	0.65	-0.42	0.87	0.66	0.0	0.69		0.69	OGE
LNT	0.49	0.11	-0.05	0.7	0.86	0.0	0.79	0.69		LNT
	ENIC	EBR-B	CEPU	CMS	POR	PNM	MGEE	OGE	LNT

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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

OGE	+ 0.87	CMS
LNT	+ 0.86	POR
LNT	+ 0.79	MGEE
POR	+ 0.77	CMS
MGEE	+ 0.77	POR
LNT	+ 0.7	CMS

High negative correlations

CMS	- 0.62	CEPU
CEPU	- 0.59	EBR-B
OGE	- 0.42	CEPU
POR	- 0.18	CEPU
LNT	- 0.05	CEPU
LNT	- 0.0	PNM

Risk-Adjusted Indicators

There is a big difference between Korea Stock performing well and Korea Electric 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 Korea Electric'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
ENIC	1.65	0.27	0.13	3.27	2.62	(1.70)	4.15	(4.36)	12.96
EBR-B	1.62	0.40	0.19	4.66	2.05	(1.74)	4.11	(3.31)	11.43
CEPU	2.64	(0.45)	0.00	10.82	0.00	0.00	6.23	(5.37)	15.98
CMS	0.98	0.17	0.18	0.91	1.24	(0.98)	1.80	(2.41)	5.74
POR	1.08	0.05	0.11	3.09	1.37	(1.14)	2.08	(1.98)	6.76
PNM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MGEE	0.96	0.05	0.13	2.99	1.20	(0.98)	1.85	(1.93)	5.92
OGE	0.87	0.12	0.15	1.62	1.32	(0.87)	2.03	(2.22)	7.60
LNT	0.93	0.08	0.11	0.36	1.52	(0.90)	2.01	(2.49)	7.74

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