Portland General Correlations

POR Stock

USD 40.02 0.19 0.47%

The current 90-days correlation between Portland General Electric and IDACORP is 0.62 (i.e., Poor diversification). 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 0.45 (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

0.63	ED	Consolidated Edison	Pair Corr
0.66	FE	FirstEnergy	Pair Corr
0.65	CMS	CMS Energy Earnings Call This Week	Pair Corr
0.78	EIX	Edison International Earnings Call This Week	Pair Corr
0.73	EXC	Exelon	Pair Corr
0.77	NWE	NorthWestern	Pair Corr
0.75	PCG	PGE Corp	Pair Corr
0.7	PNW	Pinnacle West Capital	Pair Corr
0.65	WEC	WEC Energy Group	Pair Corr
0.71	XEL	Xcel Energy	Pair Corr

Moving against Portland Stock

0.63	ELP	Companhia Paranaense	Pair Corr
0.49	ES	Eversource Energy Earnings Call This Week	Pair Corr
0.45	EMA	Emera Incorporated	Pair Corr
0.35	D	Dominion Energy	Pair Corr
0.76	TLN	Talen Energy Upward Rally	Pair Corr
0.7	GNE	Genie Energy	Pair Corr
0.6	SCE-PJ	SCE Trust IV	Pair Corr
0.52	NEE	Nextera Energy Earnings Call This Week	Pair Corr
0.51	KEP	Korea Electric Power	Pair Corr
0.34	NGG	National Grid PLC	Pair Corr

Related Correlations Analysis

	IDA	CMS	TXNM	PNW	LNT	NWE	BKH	AVA
IDA		0.46	0.08	0.58	0.62	0.27	0.21	0.31	IDA
CMS	0.46		-0.68	0.93	0.15	0.84	0.77	0.85	CMS
TXNM	0.08	-0.68		-0.63	0.39	-0.82	-0.68	-0.82	TXNM
PNW	0.58	0.93	-0.63		0.19	0.89	0.8	0.89	PNW
LNT	0.62	0.15	0.39	0.19		-0.1	-0.1	-0.18	LNT
NWE	0.27	0.84	-0.82	0.89	-0.1		0.88	0.94	NWE
BKH	0.21	0.77	-0.68	0.8	-0.1	0.88		0.82	BKH
AVA	0.31	0.85	-0.82	0.89	-0.18	0.94	0.82		AVA
	IDA	CMS	TXNM	PNW	LNT	NWE	BKH	AVA

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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

AVA	+ 0.94	NWE
PNW	+ 0.93	CMS
NWE	+ 0.89	PNW
AVA	+ 0.89	PNW
BKH	+ 0.88	NWE
AVA	+ 0.85	CMS

High negative correlations

AVA	- 0.82	TXNM
NWE	- 0.82	TXNM
BKH	- 0.68	TXNM
TXNM	- 0.68	CMS
PNW	- 0.63	TXNM
AVA	- 0.18	LNT

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
IDA	0.86	(0.03)	(0.09)	0.05	1.14	(0.83)	1.72	(1.70)	4.66
CMS	0.88	(0.07)	0.00	(0.08)	0.00	0.00	1.51	(1.83)	5.27
TXNM	0.56	0.06	(0.01)	0.28	0.63	(0.66)	1.02	(0.73)	7.66
PNW	0.83	(0.06)	0.00	(0.03)	0.00	0.00	1.53	(1.59)	4.10
LNT	0.91	0.01	(0.05)	0.15	1.25	(0.87)	1.58	(2.03)	6.57
NWE	0.86	(0.17)	0.00	(0.30)	0.00	0.00	1.40	(2.16)	4.57
BKH	0.82	(0.01)	0.00	0.31	0.00	0.00	1.80	(1.79)	7.22
AVA	0.83	(0.19)	0.00	(0.37)	0.00	0.00	1.54	(1.90)	5.01

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