Consolidated Edison, Inc. (ED) — Stock Correlations & Overview
Over the past year, ED has moved most closely with DUK, CMS, WEC. Explore the stocks most correlated and inversely correlated with ED below, along with its price, financials, and company profile.
Stocks correlated with ED
Correlation of daily returns. Higher positive values move with ED; negative values move opposite it. Informational only, not investment advice.
Most correlated with ED
| Symbol | Company | Correlation |
|---|---|---|
| DUK | Duke Energy CorporationELECTRIC & OTHER SERVICES COMBINED | 0.83 |
| CMS | CMS Energy CorporationELECTRIC & OTHER SERVICES COMBINED | 0.77 |
| WEC | WEC Energy Group, Inc.ELECTRIC & OTHER SERVICES COMBINED | 0.77 |
| PNW | Pinnacle West Capital CorporationELECTRIC SERVICES | 0.75 |
| FTS | Fortis Inc. Common Shares | 0.75 |
Most inversely correlated with ED
| Symbol | Company | Correlation |
|---|---|---|
| SDP | ProShares UltraShort Utilities | -0.59 |
| FAI | First Trust Bloomberg Artificial Intelligence ETF | -0.53 |
| IVES | Dan IVES Wedbush AI Revolution ETF | -0.53 |
| AIQ | Global X Funds Global X Artificial Intelligence & Technology ETF | -0.52 |
| AIBU | Direxion Daily AI and Big Data Bull 2X ETF | -0.52 |
Frequently asked questions about ED correlations
- Which stocks are most correlated with ED?
- Based on one year of daily returns, the stocks most correlated with Consolidated Edison, Inc. (ED) are DUK (0.83), CMS (0.77) and WEC (0.77). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with ED?
- Over the past year, the stocks most inversely correlated with Consolidated Edison, Inc. (ED) are SDP (-0.59), FAI (-0.53) and IVES (-0.53). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these ED correlations calculated?
- We compute the correlation of daily returns between ED and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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