Vistra Energy Correlations

VST Stock

USD 200.12 11.03 5.83%

The current 90-days correlation between Vistra Energy Corp and NRG Energy is 0.25 (i.e., Modest diversification). The correlation of Vistra Energy 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.

Vistra Energy Correlation With Market

Very weak diversification

The correlation between Vistra Energy Corp 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 Vistra Energy Corp and DJI in the same portfolio, assuming nothing else is changed.

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vistra Energy Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Vistra Stock

0.89	KEN	Kenon Holdings	Pair Corr
0.82	NRG	NRG Energy	Pair Corr
0.87	TAC	TransAlta Corp	Pair Corr
0.85	DGXX	Digi Power X Symbol Change	Pair Corr
0.82	D	Dominion Energy	Pair Corr
0.84	ES	Eversource Energy Earnings Call Today	Pair Corr
0.89	VG	Venture Global,	Pair Corr
0.77	ELPC	Companhia Paranaense	Pair Corr
0.91	ENLT	Enlight Renewable Energy	Pair Corr
0.79	FLNC	Fluence Energy Downward Rally	Pair Corr
0.79	AQN	Algonquin Power Utilities	Pair Corr
0.9	BEP	Brookfield Renewable	Pair Corr
0.86	BIP	Brookfield Infrastructure Earnings Call This Week	Pair Corr

Moving against Vistra Stock

0.88	ED	Consolidated Edison	Pair Corr
0.7	FE	FirstEnergy Earnings Call This Week	Pair Corr
0.42	PAM	Pampa Energia SA	Pair Corr
0.88	WTRG	Essential Utilities	Pair Corr
0.83	AVA	Avista	Pair Corr
0.82	BKH	Black Hills Earnings Call This Week	Pair Corr
0.71	CPK	Chesapeake Utilities	Pair Corr
0.7	AWR	American States Water	Pair Corr
0.59	CNP	CenterPoint Energy Earnings Call This Week	Pair Corr
0.58	ATO	Atmos Energy	Pair Corr
0.56	CMS	CMS Energy	Pair Corr
0.54	AWK	American Water Works Earnings Call This Week	Pair Corr
0.33	ADN	Advent Technologies	Pair Corr

Related Correlations Analysis

	PAM	TAC	KEN	DIPGF	NRG	HGKGY	AGLNF
PAM		-0.55	-0.5	0.03	0.06	-0.26	-0.03	PAM
TAC	-0.55		0.88	-0.04	0.57	0.44	0.49	TAC
KEN	-0.5	0.88		0.0	0.6	0.38	0.38	KEN
DIPGF	0.03	-0.04	0.0		-0.19	-0.31	-0.24	DIPGF
NRG	0.06	0.57	0.6	-0.19		0.41	0.79	NRG
HGKGY	-0.26	0.44	0.38	-0.31	0.41		0.28	HGKGY
AGLNF	-0.03	0.49	0.38	-0.24	0.79	0.28		AGLNF
	PAM	TAC	KEN	DIPGF	NRG	HGKGY	AGLNF

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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

KEN	+ 0.88	TAC
AGLNF	+ 0.79	NRG
NRG	+ 0.6	KEN
NRG	+ 0.57	TAC
AGLNF	+ 0.49	TAC
HGKGY	+ 0.44	TAC

High negative correlations

TAC	- 0.55	PAM
KEN	- 0.5	PAM
HGKGY	- 0.31	DIPGF
HGKGY	- 0.26	PAM
AGLNF	- 0.24	DIPGF
NRG	- 0.19	DIPGF

Risk-Adjusted Indicators

There is a big difference between Vistra Stock performing well and Vistra Energy 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 Vistra 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PAM	2.14	(0.30)	0.00	(0.09)	0.00	0.00	4.14	(4.03)	14.29
TAC	1.73	0.39	0.16	0.63	1.83	(1.86)	3.43	(3.34)	12.53
KEN	1.51	0.66	0.33	0.96	1.01	(1.76)	3.92	(2.42)	8.88
DIPGF	0.46	0.19	0.00	1.34	0.00	0.00	0.00	0.00	8.33
NRG	1.93	0.84	0.27	(1.61)	1.41	(2.31)	4.58	(2.88)	30.89
HGKGY	1.47	0.01	(0.03)	0.21	2.26	(1.52)	4.10	(3.06)	15.28
AGLNF	0.12	0.02	0.00	(1.91)	0.00	0.00	0.00	0.00	5.76

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