Pampa Energia Correlations

PAM Stock

USD 71.31 0.39 0.55%

The current 90-days correlation between Pampa Energia SA and Grupo Financiero Galicia is 0.82 (i.e., Very poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Pampa Energia moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pampa Energia SA moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Pampa Energia Correlation With Market

Modest diversification

The correlation between Pampa Energia SA and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pampa Energia SA and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Pampa Stock

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0.64	SO	Southern	Pair Corr
0.55	NI	NiSource	Pair Corr
0.52	TAC	TransAlta Corp	Pair Corr
0.51	DGXX	Digi Power X Symbol Change	Pair Corr
0.51	CMS-PC	CMS Energy Earnings Call This Week	Pair Corr
0.47	KEN	Kenon Holdings	Pair Corr
0.46	ENLT	Enlight Renewable Energy	Pair Corr
0.42	AEP	American Electric Power	Pair Corr
0.4	ELLO	Ellomay Capital	Pair Corr
0.32	SR	Spire Inc	Pair Corr
0.32	CMS-PB	Consumers Energy Earnings Call This Week	Pair Corr
0.56	EMA	Emera Incorporated	Pair Corr
0.42	DUK	Duke Energy	Pair Corr
0.36	BEP	Brookfield Renewable	Pair Corr
0.35	GNE	Genie Energy	Pair Corr
0.33	CIG	Companhia Energetica	Pair Corr

Related Correlations Analysis

	GGAL	BMA	EDN	TGS	SUPV
GGAL		0.98	0.92	0.54	0.97	GGAL
BMA	0.98		0.91	0.52	0.99	BMA
EDN	0.92	0.91		0.76	0.87	EDN
TGS	0.54	0.52	0.76		0.47	TGS
SUPV	0.97	0.99	0.87	0.47		SUPV
	GGAL	BMA	EDN	TGS	SUPV

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Risk-Adjusted Indicators

There is a big difference between Pampa Stock performing well and Pampa Energia 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 Pampa Energia'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
GGAL	1.81	(0.46)	0.00	(0.54)	0.00	0.00	4.59	(3.97)	11.34
BMA	2.14	(0.58)	0.00	(0.61)	0.00	0.00	4.83	(4.81)	12.56
EDN	2.72	(0.41)	0.00	(1.31)	0.00	0.00	5.60	(5.90)	16.98
TGS	2.04	(0.04)	(0.04)	0.05	2.67	(2.15)	3.81	(4.93)	11.89
SUPV	2.64	(0.77)	0.00	(0.61)	0.00	0.00	5.78	(5.96)	14.43

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Pampa Energia Correlations

Pampa Energia Correlation With Market

Modest diversification

Moving against Pampa Stock

Related Correlations Analysis

Risk-Adjusted Indicators

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