Genie Energy Correlations

GNE Stock

USD 16.84 0.35 2.12%

The current 90-days correlation between Genie Energy and Entergy Texas is 0.08 (i.e., Significant diversification). The correlation of Genie 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.

Genie Energy Correlation With Market

Very weak diversification

The correlation between Genie Energy and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Genie Energy and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Genie 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 board of governors.

For information on how to trade Genie Stock refer to our How to Trade Genie Stock guide.

Moving together with Genie Stock

0.67	D	Dominion Energy	Pair Corr
0.65	ED	Consolidated Edison	Pair Corr
0.74	ES	Eversource Energy	Pair Corr
0.68	FE	FirstEnergy	Pair Corr
0.67	SO	Southern	Pair Corr
0.65	CMS-PC	CMS Energy	Pair Corr
0.72	EVRG	Evergy, Common Stock	Pair Corr
0.74	AEE	Ameren Corp	Pair Corr
0.77	AEP	American Electric Power Sell-off Trend	Pair Corr
0.65	AGR	Avangrid	Pair Corr
0.67	CMS	CMS Energy	Pair Corr
0.76	DTE	DTE Energy	Pair Corr
0.74	DUK	Duke Energy	Pair Corr
0.69	EIX	Edison International	Pair Corr
0.68	ETR	Entergy	Pair Corr
0.67	EXC	Exelon	Pair Corr
0.67	FTS	Fortis Inc	Pair Corr
0.66	IDA	IDACORP	Pair Corr
0.83	LNT	Alliant Energy Corp	Pair Corr
0.84	NGG	National Grid PLC	Pair Corr
0.88	NWE	NorthWestern	Pair Corr
0.78	OGE	OGE Energy Sell-off Trend	Pair Corr
0.67	PEG	Public Service Enterprise	Pair Corr
0.79	PNW	Pinnacle West Capital	Pair Corr
0.9	POR	Portland General Electric	Pair Corr
0.65	PPL	PPL Corporation	Pair Corr
0.66	WEC	WEC Energy Group	Pair Corr
0.68	XEL	Xcel Energy Fiscal Year End 23rd of January 2025	Pair Corr

Moving against Genie Stock

0.6	CNP	CenterPoint Energy	Pair Corr
0.54	VSTE	Vast Renewables	Pair Corr
0.44	VSTEW	Vast Renewables	Pair Corr

Related Correlations Analysis

	EBR	CEPU	KEP	EDN	ETI-P	IDA	MGEE	HE	POR	PNM
EBR		0.3	0.75	0.7	0.85	0.76	0.65	0.04	0.65	0.58	EBR
CEPU	0.3		0.22	0.6	0.24	-0.05	-0.24	-0.57	-0.24	-0.27	CEPU
KEP	0.75	0.22		0.75	0.87	0.59	0.49	-0.14	0.54	0.49	KEP
EDN	0.7	0.6	0.75		0.85	0.57	0.45	-0.13	0.49	0.43	EDN
ETI-P	0.85	0.24	0.87	0.85		0.82	0.69	0.07	0.72	0.69	ETI-P
IDA	0.76	-0.05	0.59	0.57	0.82		0.89	0.46	0.87	0.9	IDA
MGEE	0.65	-0.24	0.49	0.45	0.69	0.89		0.71	0.97	0.95	MGEE
HE	0.04	-0.57	-0.14	-0.13	0.07	0.46	0.71		0.65	0.69	HE
POR	0.65	-0.24	0.54	0.49	0.72	0.87	0.97	0.65		0.91	POR
PNM	0.58	-0.27	0.49	0.43	0.69	0.9	0.95	0.69	0.91		PNM
	EBR	CEPU	KEP	EDN	ETI-P	IDA	MGEE	HE	POR	PNM

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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

POR	+ 0.97	MGEE
PNM	+ 0.95	MGEE
PNM	+ 0.91	POR
PNM	+ 0.9	IDA
MGEE	+ 0.89	IDA
ETI-P	+ 0.87	KEP

High negative correlations

HE	- 0.57	CEPU
PNM	- 0.27	CEPU
POR	- 0.24	CEPU
MGEE	- 0.24	CEPU
HE	- 0.14	KEP
HE	- 0.13	EDN

Risk-Adjusted Indicators

There is a big difference between Genie Stock performing well and Genie 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 Genie 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
EBR	1.53	0.03	0.02	0.09	1.78	(1.74)	3.50	(3.16)	8.43
CEPU	2.31	0.08	0.03	0.13	2.74	(2.56)	5.84	(4.67)	13.85
KEP	1.44	0.06	0.02	0.13	1.98	(1.53)	3.13	(3.00)	8.86
EDN	2.74	0.44	0.14	0.46	2.87	(3.02)	5.79	(3.98)	14.82
ETI-P	0.36	0.10	0.08	2.03	0.25	(0.41)	0.77	(0.74)	2.24
IDA	0.71	0.17	0.15	1.53	0.60	(0.83)	1.75	(1.14)	7.19
MGEE	0.88	0.14	0.11	0.25	0.86	(0.97)	2.17	(1.53)	7.14
HE	4.54	0.38	0.07	0.89	4.73	(5.75)	10.72	(8.60)	51.78
POR	0.71	0.15	0.11	0.44	0.79	(0.78)	1.68	(1.15)	7.14
PNM	0.88	0.14	0.06	14.37	1.09	(0.95)	1.85	(1.80)	7.12

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