Enbridge 6375 Correlations
| ENBADelisted Stock | USD 25.40 0.00 0.00% |
The current 90-days correlation between Enbridge 6375 Fixed and United Airlines Holdings is 0.01 (i.e., Significant diversification). The correlation of Enbridge 6375 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.
Enbridge 6375 Correlation With Market
Good diversification
The correlation between Enbridge 6375 Fixed and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Enbridge 6375 Fixed and DJI in the same portfolio, assuming nothing else is changed.
Enbridge |
Moving together with Enbridge Stock
| 0.88 | KNTK | Kinetik Holdings | PairCorr |
| 0.75 | MMSI | Merit Medical Systems | PairCorr |
| 0.82 | GOOD | Gladstone Commercial | PairCorr |
| 0.88 | WMT | Walmart Aggressive Push | PairCorr |
| 0.92 | NFLX | Netflix Fiscal Year End 28th of January 2025 | PairCorr |
| 0.83 | OZK | Bank Ozk Fiscal Year End 16th of January 2025 | PairCorr |
| 0.75 | PMMAF | Puma SE | PairCorr |
| 0.9 | HOOD | Robinhood Markets Aggressive Push | PairCorr |
| 0.64 | OKTA | Okta Inc | PairCorr |
| 0.88 | ITW | Illinois Tool Works | PairCorr |
| 0.92 | SOFI | SoFi Technologies Aggressive Push | PairCorr |
| 0.82 | PANW | Palo Alto Networks | PairCorr |
| 0.88 | FLEX | Flex | PairCorr |
| 0.95 | BKNG | Booking Holdings | PairCorr |
| 0.84 | NVEI | Nuvei Corp | PairCorr |
| 0.84 | HIMS | Hims Hers Health | PairCorr |
| 0.64 | AAPL | Apple Inc Aggressive Push | PairCorr |
| 0.63 | NVDA | NVIDIA | PairCorr |
| 0.7 | ARC | ARC Document Solutions | PairCorr |
| 0.91 | FKYS | First Keystone Corp | PairCorr |
| 0.93 | PLTR | Palantir Technologies Aggressive Push | PairCorr |
| 0.92 | KEN | Kenon Holdings | PairCorr |
| 0.89 | BLK | BlackRock Fiscal Year End 10th of January 2025 | PairCorr |
Moving against Enbridge Stock
| 0.64 | JAGX | Jaguar Animal Health | PairCorr |
| 0.63 | AMPH | Amphastar P | PairCorr |
| 0.36 | MRLWF | Marlowe plc | PairCorr |
| 0.33 | ABR | Arbor Realty Trust | 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
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Risk-Adjusted Indicators
There is a big difference between Enbridge Stock performing well and Enbridge 6375 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 Enbridge 6375'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LOMLF | 2.14 | (0.33) | 0.00 | 0.91 | 0.00 | 4.76 | 15.00 | |||
| TFII | 1.28 | (0.04) | 0.00 | 0.04 | 1.36 | 2.49 | 12.09 | |||
| IIIN | 1.51 | (0.18) | 0.00 | (0.07) | 0.00 | 3.00 | 11.17 | |||
| UAL | 1.96 | 0.84 | 0.50 | 0.46 | 1.06 | 6.47 | 16.69 | |||
| FSTR | 1.91 | 0.43 | 0.25 | 0.29 | 1.45 | 6.37 | 14.55 | |||
| GZITF | 0.84 | 0.44 | 0.00 | (1.20) | 0.00 | 0.00 | 26.67 | |||
| FOSYF | 3.28 | 0.26 | 0.06 | 0.38 | 3.15 | 9.43 | 27.98 |
Enbridge 6375 Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Enbridge 6375 stock to make a market-neutral strategy. Peer analysis of Enbridge 6375 could also be used in its relative valuation, which is a method of valuing Enbridge 6375 by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Enbridge 6375 Fixed?
Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.