Duke Energy Correlations

Stocks . USA . 
Stock . Duke Energy
DUK Stock  USD 116.93  0.23  0.20%   
The current 90-days correlation between Duke Energy and Consolidated Edison is 0.76 (i.e., Poor diversification). 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.

Duke Energy Correlation With Market

Average diversification

The correlation between Duke Energy and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Duke Energy and DJI in the same portfolio, assuming nothing else is changed.
  
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 closely tied 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.

Moving together with Duke Stock

  0.97D Dominion EnergyPairCorr
  0.98ED Consolidated EdisonPairCorr
  0.98ES Eversource Energy Sell-off TrendPairCorr
  0.97FE FirstEnergyPairCorr
  0.99SO SouthernPairCorr
  0.77CMS-PC CMS EnergyPairCorr
  0.99EVRG Evergy, Common Stock Sell-off TrendPairCorr
  0.98AEE Ameren CorpPairCorr
  0.98AEP American Electric PowerPairCorr
  0.94AGR AvangridPairCorr
  0.98CMS CMS EnergyPairCorr
  0.97DTE DTE EnergyPairCorr
  0.63EDN Empresa DistribuidoraPairCorr
  0.98EIX Edison InternationalPairCorr
  0.98ETR EntergyPairCorr
  0.96EXC ExelonPairCorr
  0.97FTS Fortis IncPairCorr
  0.74GNE Genie EnergyPairCorr
  0.97IDA IDACORPPairCorr
  0.63KEP Korea Electric PowerPairCorr
  0.97LNT Alliant Energy CorpPairCorr
  0.88NEE Nextera Energy Aggressive PushPairCorr
  0.92NGG National Grid PLCPairCorr
  0.91NWE NorthWesternPairCorr
  0.98OGE OGE EnergyPairCorr
  0.8PCG PGE CorpPairCorr
  0.93PEG Public Service EnterprisePairCorr
  0.98PNW Pinnacle West CapitalPairCorr
  0.92POR Portland General ElectricPairCorr
  0.97PPL PPL Corporation Sell-off TrendPairCorr
  0.97WEC WEC Energy GroupPairCorr
  0.96XEL Xcel Energy Fiscal Year End 23rd of January 2025 PairCorr
  0.8DUK-PA Duke EnergyPairCorr

Moving against Duke Stock

  0.87CNP CenterPoint EnergyPairCorr
  0.77VSTE Vast RenewablesPairCorr
  0.5ENIC Enel Chile SAPairCorr
  0.74VSTEW Vast RenewablesPairCorr

Related Correlations Analysis

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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.

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