Korea Electric Power Corp (KEP) — Stock Correlations & Overview
Over the past year, KEP has moved most closely with PKX, KB, MFEM. Explore the stocks most correlated and inversely correlated with KEP below, along with its price, financials, and company profile.
Stocks correlated with KEP
Correlation of daily returns. Higher positive values move with KEP; negative values move opposite it. Informational only, not investment advice.
Most correlated with KEP
| Symbol | Company | Correlation |
|---|---|---|
| PKX | POSCO Holdings Inc. American Depositary Shares (Each representing 1/4th of a share of Common Stock) | 0.53 |
| KB | KB Financial Group Inc | 0.50 |
| MFEM | PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF | 0.50 |
| FPA | First Trust Asia Pacific ex-Japan AlphaDEX Fund | 0.49 |
| SHG | Shinhan Financial Group Co Ltd | 0.49 |
Most inversely correlated with KEP
| Symbol | Company | Correlation |
|---|---|---|
| EEV | ProShares Trust UltraShort MSCI Emerging Markets | -0.45 |
| EDZ | Direxion Daily MSCI Emerging Markets Bear 3X ETF | -0.44 |
| EUM | ProShares Trust Short MSCI Emerging Markets | -0.44 |
| EWV | ProShares Trust UltraShort MSCI Japan | -0.38 |
| EFZ | ProShares Trust Short MSCI EAFE | -0.38 |
Frequently asked questions about KEP correlations
- Which stocks are most correlated with KEP?
- Based on one year of daily returns, the stocks most correlated with Korea Electric Power Corp (KEP) are PKX (0.53), KB (0.50) and MFEM (0.50). 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 KEP?
- Over the past year, the stocks most inversely correlated with Korea Electric Power Corp (KEP) are EEV (-0.45), EDZ (-0.44) and EUM (-0.44). 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 KEP correlations calculated?
- We compute the correlation of daily returns between KEP 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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