Exelon Correlations

EXC
 Stock
  

USD 41.45  0.08  0.19%   

The correlation of Exelon is a statistical measure of how it moves in relation to other equities. 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 Exelon moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Exelon 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.
Continue to Investing Opportunities.
  
The ability to find closely correlated positions to Exelon could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Exelon 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 Exelon - 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 Exelon to buy it.

Moving together with Exelon

+0.96AEEAmeren CorpPairCorr
+0.97AEPAmerican Electric PowerPairCorr
+0.95AGRAvangridPairCorr
+0.95CMSCMS EnergyPairCorr
+0.93CNPCenterPoint EnergyPairCorr
+0.75DDominion EnergyPairCorr
+0.94DTEDTE EnergyPairCorr
+0.97DUKDuke EnergyPairCorr
+0.9EDConsolidated EdisonPairCorr
+0.97EIXEdison InternationalPairCorr
+0.97ESEversource EnergyPairCorr
+0.87ETREntergyPairCorr
+0.89FEFirstEnergyPairCorr
+0.89NEENextera EnergyPairCorr
+0.89OGEOGE EnergyPairCorr

Moving against Exelon

-0.53PCGPGE CorpPairCorr
-0.53PCGUPGE CorpPairCorr

Related Correlations

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
CNPAEE
EDCNP
CMSAEE
EDAEE
DTECMS
CNPCMS
  

Exelon Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Exelon Stock performing well and Exelon company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Exelon's multiple risk-adjusted performance indicators. 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 Exelon 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?

Run Equity Valuation Now

   

Equity Valuation

Check real value of public entities based on technical and fundamental data
All  Next Launch Module

Exelon Corporate Directors

Exelon corporate directors refer to members of an Exelon board of directors. The board of directors generally takes responsibility for the Exelon'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 Exelon's board members must vote for the resolution. The Exelon board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
John Canning - Independent DirectorProfile
John Young - Independent DirectorProfile
Nicholas DeBenedictis - Independent DirectorProfile
Anthony Anderson - Independent DirectorProfile

Invested in Exelon?

The danger of trading Exelon 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 Exelon 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 Exelon. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Exelon 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.
Continue to Investing Opportunities. You can also try Commodity Channel Index module to use Commodity Channel Index to analyze current equity momentum.

Complementary Tools for analysis

When running Exelon price analysis, check to measure Exelon'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 Exelon is operating at the current time. Most of Exelon's value examination focuses on studying past and present price action to predict the probability of Exelon's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Exelon's price. Additionally, you may evaluate how the addition of Exelon to your portfolios can decrease your overall portfolio volatility.
Probability Of Bankruptcy
Get analysis of equity chance of financial distress in the next 2 years
Go
Probability Of Bankruptcy
Get analysis of equity chance of financial distress in the next 2 years
Go
Bond Directory
Find actively traded corporate debentures issued by US companies
Go
Efficient Frontier
Plot and analyze your portfolio and positions against risk-return landscape of the market.
Go
Portfolio Rebalancing
Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
Go
Analyst Recommendations
Analyst recommendations and target price estimates broken down by several categories
Go
Bond Analysis
Evaluate and analyze corporate bonds as a potential investment for your portfolios.
Go
Companies Directory
Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals
Go
Positions Ratings
Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
Go
Fund Screener
Find actively-traded funds from around the world traded on over 30 global exchanges
Go
Performance Analysis
Check effects of mean-variance optimization against your current asset allocation
Go
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Go
Companies Directory
Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals
Go
Is Exelon'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 Exelon. If investors know Exelon 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 Exelon 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 YOY
(0.45) 
Market Capitalization
41.2 B
Quarterly Revenue Growth YOY
(0.004) 
Return On Assets
0.0272
Return On Equity
0.0729
The market value of Exelon is measured differently than its book value, which is the value of Exelon that is recorded on the company's balance sheet. Investors also form their own opinion of Exelon's value that differs from its market value or its book value, called intrinsic value, which is Exelon'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 Exelon's market value can be influenced by many factors that don't directly affect Exelon'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 Exelon's value and its price as these two are different measures arrived at by different means. Investors typically determine Exelon value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Exelon'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.