Via Renewables Correlations

Preferred Stocks . USA . 
Preferred Stock . Via Renewables
VIASP Preferred Stock  USD 21.49  0.11  0.51%   
The current 90-days correlation between Via Renewables and Entergy Texas is 0.15 (i.e., Average diversification). The correlation of Via Renewables 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.

Via Renewables Correlation With Market

Significant diversification

The correlation between Via Renewables and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Via Renewables and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Via Renewables could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Via Renewables 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 Via Renewables - 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 Via Renewables to buy it.

Moving against Via Preferred Stock

  0.53HE Hawaiian Electric Buyout TrendPairCorr
  0.51GNE Genie EnergyPairCorr
  0.58SCE-PJ SCE Trust IVPairCorr
  0.38NGG National Grid PLCPairCorr
  0.37POR Portland General ElectricPairCorr
  0.35MGEE MGE EnergyPairCorr
  0.32PCG-PA Pacific GasPairCorr
  0.31PNW Pinnacle West CapitalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Via Preferred Stock performing well and Via Renewables 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 Via Renewables' 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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Via Renewables 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.

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Via Renewables Corporate Management

William IIICEO PresProfile
Stephen RabalaisDirector RelationsProfile
Michael KuznarHead MarketProfile
Paul KonikowskiChief OfficerProfile
Barbara ClayActing SecProfile
Mike BarajasCFO OfficerProfile
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