Duke Energy Correlations
| DUK Stock | USD 98.96 0.76 0.77% |
The correlation of Duke 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Duke Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Duke Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Weak diversification
The correlation between Duke Energy and NYA is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Duke Energy and NYA in the same portfolio, assuming nothing else is changed.
Duke |
The ability to find closely correlated positions to Duke 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 Duke 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 Duke 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 Duke Energy to buy it.
Moving together with Duke Stock
| 0.65 | D | Dominion Energy Earnings Call This Week | PairCorr |
| 0.88 | ED | Consolidated Edison Earnings Call This Week | PairCorr |
| 0.88 | SO | Southern Earnings Call This Week | PairCorr |
| 0.82 | EVRG | Evergy Common Stock Financial Report 3rd of May 2024 | PairCorr |
| 0.65 | AEE | Ameren Corp Financial Report 2nd of May 2024 | PairCorr |
| 0.67 | AGR | Avangrid | PairCorr |
| 0.64 | CNP | CenterPoint Energy Earnings Call This Week | PairCorr |
Moving against Duke Stock
| 0.57 | EBR | Centrais Electricas Financial Report 2nd of May 2024 | PairCorr |
| 0.46 | HE | Hawaiian Electric Financial Report 14th of May 2024 | PairCorr |
Related Correlations Analysis
| 0.56 | 0.31 | 0.63 | 0.81 | 0.56 | 0.66 | ED | ||
| 0.56 | 0.82 | 0.8 | 0.82 | 0.92 | 0.91 | D | ||
| 0.31 | 0.82 | 0.48 | 0.58 | 0.87 | 0.75 | AEP | ||
| 0.63 | 0.8 | 0.48 | 0.85 | 0.74 | 0.82 | NEE | ||
| 0.81 | 0.82 | 0.58 | 0.85 | 0.82 | 0.89 | SO | ||
| 0.56 | 0.92 | 0.87 | 0.74 | 0.82 | 0.94 | EXC | ||
| 0.66 | 0.91 | 0.75 | 0.82 | 0.89 | 0.94 | EIX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Duke Stock performing well and Duke 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 Duke 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ED | 0.81 | 0.00 | (0.02) | 0.08 | 1.04 | 2.07 | 5.43 | |||
| D | 1.40 | 0.11 | 0.06 | 0.19 | 1.63 | 3.12 | 11.31 | |||
| AEP | 1.00 | 0.08 | 0.07 | 0.18 | 0.87 | 2.24 | 6.19 | |||
| NEE | 1.16 | 0.13 | 0.09 | 0.18 | 1.32 | 2.77 | 6.28 | |||
| SO | 0.83 | 0.04 | 0.02 | 0.15 | 0.88 | 2.08 | 4.21 | |||
| EXC | 0.92 | 0.03 | 0.02 | 0.12 | 1.04 | 2.17 | 6.80 | |||
| EIX | 1.00 | (0.02) | (0.01) | 0.07 | 1.28 | 2.19 | 5.67 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Duke 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.Did you try this?
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Duke Energy Corporate Directors
Duke Energy corporate directors refer to members of a Duke Energy board of directors. The board of directors generally takes responsibility for the Duke Energy's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Duke Energy's board members must vote for the resolution. The Duke Energy board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Marya Rose | Independent Director | Profile | |
| Harris DeLoach | Independent Director | Profile | |
| E McKee | Independent Director | Profile | |
| James Hance | Independent Director | Profile |
Already Invested in Duke Energy?
The danger of trading Duke Energy is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Duke Energy is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Duke Energy. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Duke Energy is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Duke Energy is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Duke Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Duke Energy Stock. Highlighted below are key reports to facilitate an investment decision about Duke Energy Stock: Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Duke Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment. For more information on how to buy Duke Stock please use our How to buy in Duke Stock guide.You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
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When running Duke Energy's price analysis, check to measure Duke Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Duke Energy is operating at the current time. Most of Duke Energy's value examination focuses on studying past and present price action to predict the probability of Duke Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Duke Energy's price. Additionally, you may evaluate how the addition of Duke Energy to your portfolios can decrease your overall portfolio volatility.
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Is Duke Energy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Duke Energy. If investors know Duke will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Duke Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.12) | Dividend Share 4.06 | Earnings Share 5.35 | Revenue Per Share 37.097 | Quarterly Revenue Growth (0.02) |
The market value of Duke Energy is measured differently than its book value, which is the value of Duke that is recorded on the company's balance sheet. Investors also form their own opinion of Duke Energy's value that differs from its market value or its book value, called intrinsic value, which is Duke Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Duke Energy's market value can be influenced by many factors that don't directly affect Duke Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Duke Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Duke Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Duke Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.