Xcel Energy Correlations

XEL
 Stock
  

USD 70.19  0.03  0.0427%   

The correlation of Xcel Energy 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 Xcel Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Xcel Energy 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.
Check out Your Current Watchlist.
  
The ability to find closely correlated positions to Xcel Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Xcel Energy 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 Xcel Energy - 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 Xcel Energy to buy it.

Moving together with Xcel Energy

+0.99AEEAmeren CorpPairCorr
+0.98CNPCenterPoint EnergyPairCorr
+0.7DDominion EnergyPairCorr
+0.95ETREntergyPairCorr
+0.98FTSFortis IncPairCorr
+0.99LNTAlliant Energy CorpPairCorr
+0.94NEENextera EnergyPairCorr
+0.87VIAVia RenewablesPairCorr
+0.99WECWEC Energy GroupPairCorr
+0.98AEPAmerican Electric PowerPairCorr
+0.91AGRAvangridPairCorr
+0.64ALEAllete IncPairCorr
+0.79ARTNAArtesian ResourcesPairCorr
+0.88ATOAtmos EnergyPairCorr
+0.86AWKAmerican Water WorksPairCorr

Moving against Xcel Energy

-0.54PCGPGE 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   
DDGE
IBMGE
IBMDD
CVXGE
IBMJNJ
CVXIBM
  
High negative correlations   
DISJNJ
DISDD
DISCVX
CVXVZ
DISIBM
VZJNJ

Xcel Energy Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Xcel Energy Stock performing well and Xcel Energy 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 Xcel Energy'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.
Mean
Deviation
Jensen
Alpha
Sortino
Ratio
Treynor
Ratio
Semi
Deviation
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
HPQ 1.85 (0.13)  0.00 (0.03)  0.00 (0.0409)  0.00  4.77 (4.16)  10.27 
GE 1.49  0.13  0.07  0.18  1.77  0.06 (1.61)  3.43 (2.68)  9.22 
JNJ 0.83  0.12  0.06  0.40  0.94  0.07 (0.86)  1.78 (1.57)  5.47 
DD 1.80  0.24  0.14  0.28  1.53  0.11 (2.10)  3.91 (2.55)  10.00 
VZ 1.21 (0.17)  0.00 (0.21)  0.00 (0.13)  0.00  2.21 (2.35)  7.59 
IBM 1.17  0.17  0.11  0.30  1.13  0.10 (1.29)  2.79 (2.32)  6.45 
KO 0.97  0.00 (0.02)  0.06  1.17 (0.0197) (0.96)  2.06 (1.59)  5.09 
CVX 1.54  0.12  0.06  0.19  1.95  0.06 (1.56)  3.37 (2.91)  9.61 
DIS 2.00 (0.29)  0.00 (0.14)  0.00 (0.09)  0.00  4.28 (3.22)  17.60 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Xcel Energy 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 Analysis Now

   

Equity Analysis

Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
All  Next Launch Module

Xcel Energy Corporate Directors

Xcel Energy corporate directors refer to members of a Xcel Energy board of directors. The board of directors generally takes responsibility for the Xcel Energy'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 Xcel Energy's board members must vote for the resolution. The Xcel Energy board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Daniel Yohannes - DirectorProfile
David Owens - DirectorProfile
Christopher Policinski - Independent DirectorProfile
Richard OBrien - Independent DirectorProfile

Invested in Xcel Energy?

The danger of trading Xcel Energy 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 Xcel Energy 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 Xcel Energy. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Xcel Energy 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.
Check out Your Current Watchlist. Note that the Xcel Energy information on this page should be used as a complementary analysis to other Xcel Energy's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.

Complementary Tools for Xcel Energy Stock analysis

When running Xcel Energy price analysis, check to measure Xcel Energy'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 Xcel Energy is operating at the current time. Most of Xcel Energy's value examination focuses on studying past and present price action to predict the probability of Xcel Energy's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Xcel Energy's price. Additionally, you may evaluate how the addition of Xcel Energy to your portfolios can decrease your overall portfolio volatility.
Aroon Oscillator
Analyze current equity momentum using Aroon Oscillator and other momentum ratios
Go
Price Ceiling Movement
Calculate and plot Price Ceiling Movement for different equity instruments
Go
Portfolio Comparator
Compare the composition, asset allocations and performance of any two portfolios in your account
Go
Headlines Timeline
Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity
Go
Portfolio File Import
Quickly import all of your third-party portfolios from your local drive in csv format
Go
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Go
Technical Analysis
Check basic technical indicators and analysis based on most latest market data
Go
Financial Widgets
Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
Go
Equity Forecasting
Use basic forecasting models to generate price predictions and determine price momentum
Go
Premium Stories
Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
Go
Share Portfolio
Track or share privately all of your investments from the convenience of any device
Go
Content Syndication
Quickly integrate customizable finance content to your own investment portal
Go
Is Xcel Energy'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 Xcel Energy. If investors know Xcel Energy 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 Xcel Energy 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
0.044
Market Capitalization
37.7 B
Quarterly Revenue Growth YOY
0.18
Return On Assets
0.0243
Return On Equity
0.11
The market value of Xcel Energy is measured differently than its book value, which is the value of Xcel Energy that is recorded on the company's balance sheet. Investors also form their own opinion of Xcel Energy's value that differs from its market value or its book value, called intrinsic value, which is Xcel Energy'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 Xcel Energy's market value can be influenced by many factors that don't directly affect Xcel Energy'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 Xcel Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine Xcel Energy value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Xcel Energy'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.