Aggregated price index with volume information
- Clean Energy Operator stocks up 1.2% on average while median return up 0.3% in a day
- Clean Energy Operator stocks up 1.4% on average while median return up 0.1% in a week
- Clean Energy Operator stocks up 8.5% on average while median return up 5.3% in a month
- When average return is significantly different from median return, this implies an asymmetry - composite return is driven by some outliners.
Aggregated price index (close) is based on equal weighted constituencies returns. Average short volume and average total volumes are averaged across all volume data among constituencies.
- 1M winners are : Winners for past month are $CEPU 45.5%, $ELLO 20.2%, $KEP 16.8%, $NOVA 13.6%, $EBR 11.4%
- 1M losers are : Losers for past month are $POR -0.5%, $NEE -1.9%, $FTS -2.6%, $NEP -9.7%, $CIG -11.9%
- 1W winners are : Winners for past week are $NEP 8.7%, $NOVA 8.5%, $CIG 3.3%, $CEPU 2.2%, $POR 1.7%
- 1W losers are : Losers for past week are $KEP -0.4%, $CWEN -0.5%, $FTS -0.5%, $ELLO -4.5%
Index correlation analysis
Correlation for the past month is 19.1%, for the past 3 months is 25.0%
In the past month for a 5 days rolling window, the highest corrrelation is 40.5%, the lowest correlation is -5.4%, the latest correlation is 21.7%
When a correlation deviated from the normal level and goes lower or even negative, it indicates some of stocks have deviated from the normal direction of the group. The deviation could reverse if long term level of correlation was at a higher level. It creates trading opportunities and deserves study whether the deviation is idiosyncratic or systematic.
Among pairwise correlation, the highest correlation is 75.8% between FTS and POR
The lowest correlation is -37.8% between KEP and POR
Before buying the dip on NextEra Energy (NYSE: NEE) or subsidiary NextEra Energy Partners (NYSE: NEP), Motley Fool contributors Jason Hall and Tyler Crowe think investors should take a look at Clearway Energy (NYSE: CWEN)(NYSE: CWEN.
One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...
The lessons have been hard, but should remind investors in the sector of some of the basic facts of investing.
NextEra Energy Partners, LP (NYSE: NEP) today announced the pricing of the previously announced private offering of $750 million of 7.25% senior unsecured notes due 2029 (the "notes") to be issued by its direct subsidiary, NextEra Energy Operating Partners, LP ("NEP OpCo"). The offering is expected to close on Dec.15, 2023, subject to customary closing conditions.
NextEra Energy Partners, LP (NYSE: NEP) today announced a private offering of $750 million in aggregate principal amount of senior unsecured notes due 2029 (the "notes") by its direct subsidiary, NextEra Energy Operating Partners, LP ("NEP OpCo"), subject to market and other conditions. The notes will be fully and unconditionally guaranteed on a senior unsecured basis by NextEra Energy Partners, LP and NextEra Energy US Partners Holdings, LLC, a direct subsidiary of NEP OpCo ("NEP US Holdings").
Carillon Tower Advisers, an investment management company, released its “Carillon Eagle Mid Cap Growth Fund” third quarter 2023 investor letter. A copy of the same can be downloaded here. After a robust first half of the year, the S&P 500 Index declined 3.3% in the third quarter, leaving the market up 13.1% through the first nine […]
In this article, we will discuss the 20 most expensive cities to live in Florida. If you want to skip our discussion on Florida’s economy, you can go directly to the 5 Most Expensive Cities to Live in Florida. The cost of living is considerably different across the United States, with some states reporting significantly […]
In this article, we will discuss 30 countries with the best air quality in the world. If you want to skip our discussion on the impact of air pollution globally, you can go directly to the 5 Countries With The Best Air Quality In The World. Air pollution poses one of the greatest environmental risks […]
Energy stocks have woefully underperformed this year. While the S&P 500 is up more than 19%, the energy stocks in that index are down by an average of 2%. Enterprise Products Partners (NYSE: EPD), Kinder Morgan (NYSE: KMI), and NextEra Energy (NYSE: NEE) stand out to a few Fool.com contributors as the top ones to buy this December.
Finding the right clean energy stock can be extremely difficult in a fast-moving industry. There are ways to build a diverse portfolio of assets in clean energy, including simply buying an ETF, but I think the best strategy is buying a high-quality basket of stocks. Unlike an ETF, you get to hand-pick the best companies rather than getting every company in the industry.