Dominion Energy Correlations
| DOD Stock | EUR 47.90 0.29 0.60% |
The current 90-days correlation between Dominion Energy and Iberdrola SA is 0.02 (i.e., Significant diversification). The correlation of Dominion 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.
Dominion Energy Correlation With Market
Significant diversification
The correlation between Dominion Energy and NYA 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 Dominion Energy and NYA in the same portfolio, assuming nothing else is changed.
Dominion |
The ability to find closely correlated positions to Dominion 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 Dominion 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 Dominion 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 Dominion Energy to buy it.
Moving together with Dominion Stock
| 0.92 | IBE1 | Iberdrola SA | PairCorr |
| 0.79 | ENL | Enel SpA | PairCorr |
| 0.7 | ENLA | Enel SpA | PairCorr |
| 0.9 | SE4 | Sempra | PairCorr |
| 0.95 | GZF | Engie SA | PairCorr |
| 0.94 | GZFB | ENGIE ADR1 EO | PairCorr |
| 0.64 | TM2 | Sydbank AS | PairCorr |
| 0.83 | MIZ | Mizuno | PairCorr |
| 0.69 | SON1 | Sony Group Corp | PairCorr |
| 0.92 | BFP | BBVA Banco Frances | PairCorr |
| 0.67 | YHA | Yamaha | PairCorr |
| 0.68 | DBPE | Xtrackers LevDAX | PairCorr |
Moving against Dominion Stock
| 0.75 | 5F3 | JINS HOLDINGS INC | PairCorr |
| 0.73 | 893 | MITSUBISHI KAKOKI | PairCorr |
| 0.65 | DBPD | Xtrackers ShortDAX | PairCorr |
| 0.58 | HCMA | HITACHI STRMACHADR2 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Dominion Stock performing well and Dominion 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 Dominion 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IBE1 | 0.92 | 0.20 | 0.19 | (29.49) | 0.87 | 2.43 | 5.24 | |||
| ENL | 0.86 | 0.16 | 0.15 | 0.60 | 0.81 | 2.36 | 5.04 | |||
| ENLA | 1.53 | 0.19 | 0.07 | (0.62) | 1.94 | 4.88 | 18.65 | |||
| DOD | 1.08 | 0.19 | 0.17 | 1.14 | 0.94 | 2.75 | 6.41 | |||
| NNGF | 1.95 | (0.16) | 0.00 | (0.26) | 0.00 | 3.05 | 19.44 | |||
| NNGD | 1.65 | (0.20) | 0.00 | (14.14) | 0.00 | 2.45 | 12.93 | |||
| GZF | 0.81 | 0.16 | 0.15 | (39.82) | 0.90 | 1.89 | 5.32 | |||
| GZFB | 0.78 | 0.17 | 0.12 | (1.13) | 0.82 | 1.32 | 10.29 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Dominion 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 Stock Screener Now
Stock ScreenerFind equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. |
| All Next | Launch Module |
Dominion Energy Corporate Management
Elected by the shareholders, the Dominion Energy's board of directors comprises two types of representatives: Dominion Energy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Dominion. The board's role is to monitor Dominion Energy's management team and ensure that shareholders' interests are well served. Dominion Energy's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Dominion Energy's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Michele Cardiff | Controller VP | Profile | |
| Steve Wooten | VP Officer | Profile | |
| Joshua Bennett | Offshore VP | Profile | |
| David McFarland | VP Relations | Profile | |
| Steven Ridge | VP CFO | Profile | |
| Robert Blue | CEO Pres | Profile | |
| Regina Elbert | VP HR | Profile |