Evergy Common Correlations
| EVRG Stock | USD 52.25 0.01 0.02% |
The correlation of Evergy Common 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 Evergy Common moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Evergy Common Stock 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.
Very weak diversification
The correlation between Evergy Common Stock and NYA is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Evergy Common Stock and NYA in the same portfolio, assuming nothing else is changed.
Evergy |
The ability to find closely correlated positions to Evergy Common could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Evergy Common 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 Evergy Common - 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 Evergy Common Stock to buy it.
Moving together with Evergy Stock
| 0.84 | D | Dominion Energy Financial Report 3rd of May 2024 | PairCorr |
| 0.68 | ED | Consolidated Edison Financial Report 2nd of May 2024 | PairCorr |
| 0.67 | ES | Eversource Energy Financial Report 1st of May 2024 | PairCorr |
| 0.75 | FE | FirstEnergy Earnings Call This Week | PairCorr |
| 0.9 | SO | Southern Financial Report 25th of April 2024 | PairCorr |
| 0.67 | ENIC | Enel Chile SA | PairCorr |
| 0.68 | EUSP | EuroSite Power | PairCorr |
| 0.86 | AEE | Ameren Corp Financial Report 2nd of May 2024 | PairCorr |
| 0.66 | AEP | American Electric Power Earnings Call This Week | PairCorr |
| 0.86 | AGR | Avangrid Earnings Call Today | PairCorr |
| 0.79 | CMS | CMS Energy Earnings Call Tomorrow | PairCorr |
| 0.74 | CNP | CenterPoint Energy Earnings Call This Week | PairCorr |
| 0.76 | DTE | DTE Energy Earnings Call Tomorrow | PairCorr |
| 0.81 | DUK | Duke Energy Financial Report 14th of May 2024 | PairCorr |
Moving against Evergy Stock
| 0.67 | HE | Hawaiian Electric Financial Report 14th of May 2024 | PairCorr |
Related Correlations Analysis
| -0.56 | -0.09 | 0.9 | -0.07 | EBR-B | ||
| -0.56 | 0.05 | -0.62 | 0.46 | CEPU | ||
| -0.09 | 0.05 | -0.09 | 0.59 | CMS | ||
| 0.9 | -0.62 | -0.09 | -0.08 | EBR | ||
| -0.07 | 0.46 | 0.59 | -0.08 | ETI-P | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Evergy Stock performing well and Evergy Common 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 Evergy Common'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EBR-B | 1.52 | (0.25) | 0.00 | (0.15) | 0.00 | 2.98 | 10.06 | |||
| CEPU | 2.45 | 0.08 | 0.06 | 0.12 | 2.48 | 6.27 | 19.79 | |||
| CMS | 0.88 | 0.04 | 0.02 | 0.12 | 1.02 | 1.83 | 4.99 | |||
| EBR | 1.44 | (0.26) | 0.00 | (0.40) | 0.00 | 2.65 | 10.82 | |||
| ETI-P | 0.59 | 0.01 | (0.05) | 0.11 | 0.83 | 1.40 | 5.10 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Evergy Common 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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Evergy Common Corporate Directors
Evergy Common corporate directors refer to members of an Evergy Common board of directors. The board of directors generally takes responsibility for the Evergy Common'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 Evergy Common's board members must vote for the resolution. The Evergy Common board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Charles Chandler | Lead Independent Director | Profile | |
| John Sherman | Independent Director | Profile | |
| Scott Grimes | Independent Director | Profile | |
| Richard Hawley | Independent Director | Profile |
Already Invested in Evergy Common Stock?
The danger of trading Evergy Common Stock 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 Evergy Common 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 Evergy Common. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Evergy Common Stock 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 Evergy Common Stock is a strong investment it is important to analyze Evergy Common's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Evergy Common's future performance. For an informed investment choice regarding Evergy Stock, refer to the following important reports: Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Evergy Common Stock. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Complementary Tools for Evergy Stock analysis
When running Evergy Common's price analysis, check to measure Evergy Common'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 Evergy Common is operating at the current time. Most of Evergy Common's value examination focuses on studying past and present price action to predict the probability of Evergy Common's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Evergy Common's price. Additionally, you may evaluate how the addition of Evergy Common to your portfolios can decrease your overall portfolio volatility.
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Is Evergy Common'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 Evergy Common. If investors know Evergy 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 Evergy Common 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 6.664 | Dividend Share 2.48 | Earnings Share 3.17 | Revenue Per Share 23.949 | Quarterly Revenue Growth (0.07) |
The market value of Evergy Common Stock is measured differently than its book value, which is the value of Evergy that is recorded on the company's balance sheet. Investors also form their own opinion of Evergy Common's value that differs from its market value or its book value, called intrinsic value, which is Evergy Common'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 Evergy Common's market value can be influenced by many factors that don't directly affect Evergy Common'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 Evergy Common's value and its price as these two are different measures arrived at by different means. Investors typically determine if Evergy Common is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Evergy Common'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.