Ennis Correlations

EBF Stock

USD 21.18 0.02 0.09%

The current 90-days correlation between Ennis Inc and Acco Brands is -0.06 (i.e., Good diversification). The correlation of Ennis 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.

Ennis Correlation With Market

Very good diversification

The correlation between Ennis Inc and DJI is -0.25 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ennis Inc and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ennis Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with Ennis Stock

0.67

VSEC

VSE Corporation

Pair Corr

Moving against Ennis Stock

0.55	FA	First Advantage Corp	Pair Corr
0.51	AWX	Avalon Holdings Earnings Call Today	Pair Corr
0.46	DLHC	DLH Holdings Corp	Pair Corr
0.45	AXR	AMREP	Pair Corr
0.42	EXPO	Exponent	Pair Corr
0.4	BV	BrightView Holdings	Pair Corr
0.36	VCIG	VCI Global Limited	Pair Corr
0.35	FC	Franklin Covey Earnings Call This Week	Pair Corr
0.7	CBZ	CBIZ Inc	Pair Corr
0.65	FOUR	Shift4 Payments	Pair Corr
0.58	FCN	FTI Consulting	Pair Corr
0.53	CLH	Clean Harbors	Pair Corr
0.53	GEO	Geo Group	Pair Corr
0.52	FVRR	Fiverr International	Pair Corr
0.48	DNB	Dun Bradstreet Holdings	Pair Corr
0.46	FORR	Forrester Research	Pair Corr
0.43	KBR	KBR Inc	Pair Corr
0.4	DLX	Deluxe	Pair Corr
0.33	BRC	Brady	Pair Corr

Related Correlations Analysis

	HNI	ACCO	ACTG	SCS
HNI		0.89	0.79	0.66	HNI
ACCO	0.89		0.71	0.56	ACCO
ACTG	0.79	0.71		0.49	ACTG
SCS	0.66	0.56	0.49		SCS
	HNI	ACCO	ACTG	SCS

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Risk-Adjusted Indicators

There is a big difference between Ennis Stock performing well and Ennis 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 Ennis' 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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
HNI	1.30	(0.27)	(0.33)	2.84	(3.52)	8.91
ACCO	1.73	(0.30)	(0.36)	2.73	(3.56)	22.61
ACTG	1.33	(0.28)	(0.42)	2.44	(3.00)	17.30
SCS	1.46	(0.19)	(0.29)	2.48	(2.92)	7.07

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