Portland General Correlations

POR Stock

USD 42.38 0.62 1.48%

The correlation of Portland General 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.

Portland General Correlation With Market

Very weak diversification

The correlation between Portland General Electric and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Portland General Electric and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Portland Stock

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

Moving together with Portland Stock

0.66	ES	Eversource Energy	Pair Corr
0.82	HE	Hawaiian Electric Earnings Call This Week	Pair Corr
0.74	SO	Southern	Pair Corr
0.61	EVRG	Evergy, Earnings Call This Week	Pair Corr
0.75	AEE	Ameren Corp	Pair Corr
0.72	AEP	American Electric Power	Pair Corr
0.81	CMS	CMS Energy	Pair Corr
0.71	DTE	DTE Energy	Pair Corr
0.61	IDA	IDACORP	Pair Corr
0.88	LNT	Alliant Energy Corp	Pair Corr
0.72	OGE	OGE Energy	Pair Corr
0.7	PNW	Pinnacle West Capital	Pair Corr
0.67	WEC	WEC Energy Group	Pair Corr
0.67	XEL	Xcel Energy	Pair Corr

Moving against Portland Stock

0.54	VSTE	Vast Renewables	Pair Corr
0.53	TLN	Talen Energy	Pair Corr
0.48	VSTEW	Vast Renewables	Pair Corr

Related Correlations Analysis

	PNM	MGEE	CMS	OGE	DTE	LNT	AEE	CNP	PNW	IDA
PNM		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	PNM
MGEE	0.0		0.64	0.71	0.63	0.8	0.78	0.27	0.66	0.53	MGEE
CMS	0.0	0.64		0.89	0.95	0.76	0.84	0.74	0.93	0.85	CMS
OGE	0.0	0.71	0.89		0.9	0.75	0.89	0.72	0.94	0.87	OGE
DTE	0.0	0.63	0.95	0.9		0.7	0.83	0.82	0.96	0.82	DTE
LNT	0.0	0.8	0.76	0.75	0.7		0.85	0.23	0.65	0.54	LNT
AEE	0.0	0.78	0.84	0.89	0.83	0.85		0.53	0.86	0.78	AEE
CNP	0.0	0.27	0.74	0.72	0.82	0.23	0.53		0.84	0.83	CNP
PNW	0.0	0.66	0.93	0.94	0.96	0.65	0.86	0.84		0.9	PNW
IDA	0.0	0.53	0.85	0.87	0.82	0.54	0.78	0.83	0.9		IDA
	PNM	MGEE	CMS	OGE	DTE	LNT	AEE	CNP	PNW	IDA

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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

PNW	+ 0.96	DTE
DTE	+ 0.95	CMS
PNW	+ 0.94	OGE
PNW	+ 0.93	CMS
DTE	+ 0.9	OGE
IDA	+ 0.9	PNW

High negative correlations

IDA	- 0.0	PNM
PNW	- 0.0	PNM
CNP	- 0.0	PNM
AEE	- 0.0	PNM
LNT	- 0.0	PNM
DTE	- 0.0	PNM

Risk-Adjusted Indicators

There is a big difference between Portland Stock performing well and Portland General 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 Portland General'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
PNM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MGEE	0.99	0.09	0.13	0.14	1.17	(1.02)	1.90	(1.93)	5.92
CMS	0.97	0.19	0.20	0.66	1.23	(0.96)	1.80	(2.41)	5.74
OGE	0.89	0.17	0.16	0.25	1.33	(0.87)	2.03	(2.22)	7.60
DTE	0.92	0.29	0.21	0.52	1.34	(0.93)	2.45	(1.62)	8.43
LNT	0.92	0.14	0.13	0.20	1.49	(0.88)	2.01	(2.49)	7.74
AEE	0.94	0.16	0.14	0.28	1.49	(0.89)	2.08	(1.65)	7.89
CNP	0.85	0.33	0.34	0.84	0.81	(0.95)	2.11	(1.61)	6.02
PNW	0.94	0.20	0.20	0.40	1.14	(0.98)	1.90	(1.70)	6.39
IDA	0.95	0.17	0.16	0.40	1.36	(0.90)	1.62	(1.79)	6.95

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