Enfusion Correlations

ENFN Stock

USD 11.10 0.01 0.09%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Enfusion moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enfusion moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Enfusion Correlation With Market

Average diversification

The correlation between Enfusion and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Enfusion 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 Enfusion. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

To learn how to invest in Enfusion Stock, please use our How to Invest in Enfusion guide.

Moving together with Enfusion Stock

0.74	ADP	Automatic Data Processing	Pair Corr
0.67	API	Agora Inc	Pair Corr

Moving against Enfusion Stock

0.83	DJCO	Daily Journal Corp	Pair Corr
0.78	VERB	VERB TECHNOLOGY PANY	Pair Corr
0.71	WK	Workiva	Pair Corr
0.6	AI	C3 Ai Inc	Pair Corr
0.6	VTSI	VirTra Inc	Pair Corr
0.47	VMEO	Vimeo Inc Potential Growth	Pair Corr
0.45	BL	Blackline	Pair Corr
0.45	EB	Eventbrite Class A	Pair Corr
0.44	ILLRW	Triller Group Symbol Change	Pair Corr
0.44	EGAN	eGain	Pair Corr
0.43	DOCU	DocuSign	Pair Corr
0.41	VERX	Vertex	Pair Corr
0.83	FRGT	Freight Technologies	Pair Corr
0.77	DMN	Damon Common Stock	Pair Corr
0.72	BMR	Beamr Imaging	Pair Corr
0.65	FICO	Fair Isaac	Pair Corr
0.59	DAY	Dayforce	Pair Corr
0.52	HKD	AMTD Digital	Pair Corr
0.47	ETWO	E2open Parent Holdings	Pair Corr
0.47	CYN	Cyngn Inc Tech Boost	Pair Corr
0.46	BSY	Bentley Systems	Pair Corr
0.46	FSLY	Fastly Inc	Pair Corr
0.42	CRM	Salesforce	Pair Corr

Related Correlations Analysis

	MODN	ONTF	PYCR	PWSC	ETWO	MNTV	BRZE	FRSH	CWAN	LAW
MODN		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	MODN
ONTF	0.0		-0.31	0.0	0.89	0.0	0.82	0.56	-0.13	0.69	ONTF
PYCR	0.0	-0.31		0.0	-0.47	0.0	-0.3	0.32	-0.01	-0.45	PYCR
PWSC	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	PWSC
ETWO	0.0	0.89	-0.47	0.0		0.0	0.75	0.39	-0.05	0.82	ETWO
MNTV	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	MNTV
BRZE	0.0	0.82	-0.3	0.0	0.75	0.0		0.5	-0.18	0.46	BRZE
FRSH	0.0	0.56	0.32	0.0	0.39	0.0	0.5		0.31	0.34	FRSH
CWAN	0.0	-0.13	-0.01	0.0	-0.05	0.0	-0.18	0.31		0.31	CWAN
LAW	0.0	0.69	-0.45	0.0	0.82	0.0	0.46	0.34	0.31		LAW
	MODN	ONTF	PYCR	PWSC	ETWO	MNTV	BRZE	FRSH	CWAN	LAW

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

ETWO	+ 0.89	ONTF
BRZE	+ 0.82	ONTF
LAW	+ 0.82	ETWO
BRZE	+ 0.75	ETWO
LAW	+ 0.69	ONTF
FRSH	+ 0.56	ONTF

High negative correlations

ETWO	- 0.47	PYCR
LAW	- 0.45	PYCR
PYCR	- 0.31	ONTF
BRZE	- 0.3	PYCR
CWAN	- 0.18	BRZE
CWAN	- 0.13	ONTF

Risk-Adjusted Indicators

There is a big difference between Enfusion Stock performing well and Enfusion 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 Enfusion'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
MODN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ONTF	1.52	(0.19)	0.00	(0.26)	0.00	0.00	2.99	(4.37)	8.36
PYCR	1.00	0.28	0.31	1.95	0.66	(1.29)	1.37	(1.47)	26.32
PWSC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ETWO	2.26	(0.35)	0.00	(0.34)	0.00	0.00	3.83	(5.24)	13.69
MNTV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BRZE	2.41	(0.05)	0.00	(0.13)	0.00	0.00	4.56	(5.03)	17.27
FRSH	1.95	(0.01)	0.00	(0.10)	0.00	0.00	3.97	(4.28)	15.73
CWAN	1.83	(0.05)	0.00	(0.16)	0.00	0.00	3.61	(4.14)	15.32
LAW	2.13	(0.48)	0.00	(0.77)	0.00	0.00	4.09	(4.79)	15.04

Enfusion Corporate Management

Stephen Dorton	Chief Officer	Profile
Michael Berry	Chief Officer	Profile
Lorelei Skillman	Chief Officer	Profile
Stephen Malherbe	Managing Partner	Profile
Oleg Movchan	Interim Director	Profile
Matthew Campobasso	General Secretary	Profile
Bronwen Bastone	Chief Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC