Talen Energy Correlations

OTC Stocks . USA . 
Stock . Talen Energy
TLN Stock   264.00  0.78  0.29%   
The current 90-days correlation between Talen Energy and Merit Medical Systems is 0.15 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Talen Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Talen Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Talen Energy Correlation With Market

Good diversification

The correlation between Talen Energy and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Talen Energy and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Talen Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Talen Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Talen Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Talen Energy to buy it.

Moving together with Talen OTC Stock

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  0.95GNE Genie EnergyPairCorr
  0.83KEP Korea Electric PowerPairCorr
  0.75NEE Nextera Energy Earnings Call This WeekPairCorr

Moving against Talen OTC Stock

  0.89ED Consolidated EdisonPairCorr
  0.81PCG-PG Pacific GasPairCorr
  0.77PCG-PH Pacific GasPairCorr
  0.75CMS CMS Energy Earnings Call This WeekPairCorr
  0.71FE FirstEnergyPairCorr
  0.64CNP CenterPoint EnergyPairCorr
  0.63EDN Empresa DistribuidoraPairCorr
  0.61PCG-PI Pacific GasPairCorr
  0.59PCG-PC Pacific GasPairCorr
  0.57AEE Ameren CorpPairCorr
  0.52MGEE MGE EnergyPairCorr
  0.5DUK Duke EnergyPairCorr
  0.46PCG-PD Pacific GasPairCorr
  0.44AEP American Electric PowerPairCorr
  0.4PCG-PB Pacific GasPairCorr
  0.37PCG-PA Pacific GasPairCorr
  0.33DTE DTE Energy Earnings Call This WeekPairCorr
  0.85EXC ExelonPairCorr
  0.85PCG PGE CorpPairCorr
  0.81EIX Edison International Earnings Call This WeekPairCorr
  0.77PNW Pinnacle West CapitalPairCorr
  0.76POR Portland General Electric Earnings Call This WeekPairCorr
  0.69PPL PPL CorporationPairCorr
  0.69WEC WEC Energy GroupPairCorr
  0.59XEL Xcel EnergyPairCorr
  0.4FTS Fortis IncPairCorr
  0.39OGE OGE EnergyPairCorr

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   
ATEC
+ 0.71
MMSI
JYNT
+ 0.69
AMGN
CAH
+ 0.69
JYNT
CAH
+ 0.66
SNDA
ATEC
+ 0.53
SNDA
CAH
+ 0.42
AMGN
  
High negative correlations   
SNDA
- 0.52
ARDX
CAH
- 0.49
ARDX
ATEC
- 0.48
AMGN
ATEC
- 0.44
ARDX
MMSI
- 0.4
AMGN
ATEC
- 0.34
JYNT

Risk-Adjusted Indicators

There is a big difference between Talen OTC Stock performing well and Talen Energy OTC Stock 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 Talen Energy'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Talen Energy without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Talen Energy Corporate Management

Elected by the shareholders, the Talen Energy's board of directors comprises two types of representatives: Talen Energy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Talen. The board's role is to monitor Talen Energy's management team and ensure that shareholders' interests are well served. Talen Energy's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Talen Energy's outside directors are responsible for providing unbiased perspectives on the board's policies.
Rajat PrakashVice RelationsProfile
Brad BerrymanSenior OfficerProfile
Tim WoodlandSenior TechnologyProfile
Dale LebsackChief OfficerProfile
Christopher MoriceChief OfficerProfile
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