PPL Correlations

Stocks . USA . 
Stock . PPL Corporation
PPL Stock  USD 35.98  0.37  1.04%   
The current 90-days correlation between PPL Corporation and Public Service Enterprise is 0.54 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as PPL moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PPL Corporation moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

PPL Correlation With Market

Modest diversification

The correlation between PPL Corp. and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PPL Corp. 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 PPL Corporation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with PPL Stock

  0.8ED Consolidated EdisonPairCorr
  0.66FE FirstEnergyPairCorr
  0.88AEE Ameren CorpPairCorr
  0.86AEP American Electric PowerPairCorr
  0.9CMS CMS Energy Earnings Call This WeekPairCorr
  0.71CNP CenterPoint EnergyPairCorr
  0.83DUK Duke EnergyPairCorr
  0.7ETR EntergyPairCorr
  0.84EXC ExelonPairCorr
  0.79NWE NorthWesternPairCorr
  0.8OGE OGE EnergyPairCorr
  0.92PNW Pinnacle West CapitalPairCorr
  0.85WEC WEC Energy GroupPairCorr
  0.71XEL Xcel EnergyPairCorr

Moving against PPL Stock

  0.73ELP Companhia ParanaensePairCorr
  0.63ES Eversource Energy Earnings Call This WeekPairCorr
  0.53ENIC Enel Chile SA Earnings Call This WeekPairCorr
  0.39HE Hawaiian ElectricPairCorr
  0.38D Dominion EnergyPairCorr
  0.76GNE Genie EnergyPairCorr
  0.62TLN Talen Energy Upward RallyPairCorr
  0.52NEE Nextera Energy Earnings Call This WeekPairCorr
  0.47KEP Korea Electric PowerPairCorr
  0.45SCE-PJ SCE Trust IVPairCorr

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   
AEP
+ 0.76
EXC
AEP
+ 0.71
SO
SO
+ 0.66
PEG
EXC
+ 0.66
FE
AEP
+ 0.37
FE
AEP
+ 0.29
PEG
  
High negative correlations   
FE
- 0.63
PEG
SO
- 0.18
FE
EXC
- 0.1
PEG

Risk-Adjusted Indicators

There is a big difference between PPL Stock performing well and PPL 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 PPL'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.

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