Enlightify Correlations
ENFY Stock | 1.07 0.01 0.94% |
The correlation of Enlightify 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Enlightify Correlation With Market
Modest diversification
The correlation between Enlightify and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Enlightify and DJI in the same portfolio, assuming nothing else is changed.
Enlightify |
Moving together with Enlightify Stock
0.88 | FMC | FMC Corporation | PairCorr |
0.78 | SMG | Scotts Miracle Gro | PairCorr |
0.85 | BHIL | Benson Hill, Common | PairCorr |
0.64 | BIOX | Bioceres Crop Solutions | PairCorr |
0.66 | X | United States Steel | PairCorr |
0.62 | AG | First Majestic Silver Sell-off Trend | PairCorr |
0.63 | AU | AngloGold Ashanti plc | PairCorr |
0.72 | CE | Celanese | PairCorr |
0.86 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
0.75 | HL | Hecla Mining Aggressive Push | PairCorr |
0.69 | IE | Ivanhoe Electric | PairCorr |
0.82 | SA | Seabridge Gold | PairCorr |
0.9 | TX | Ternium SA ADR | PairCorr |
0.87 | VALE | Vale SA ADR | PairCorr |
0.81 | DNMR | Danimer Scientific | PairCorr |
0.86 | HYMCL | Hycroft Mining Holding | PairCorr |
Moving against Enlightify Stock
0.84 | ICL | ICL Israel Chemicals | PairCorr |
0.68 | LVRO | Lavoro Limited Class | PairCorr |
0.66 | UAN | CVR Partners LP | PairCorr |
0.31 | NITO | N2OFF Inc Symbol Change | PairCorr |
0.65 | WLKP | Westlake Chemical | PairCorr |
0.38 | ECVT | Ecovyst | PairCorr |
Related Correlations Analysis
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | DWWEF | ||
0.0 | 0.17 | 0.12 | -0.1 | 0.05 | 0.54 | FIZZ | ||
0.0 | 0.17 | -0.65 | 0.51 | 0.58 | 0.55 | SNDL | ||
0.0 | 0.12 | -0.65 | -0.44 | -0.63 | -0.44 | VDKB | ||
0.0 | -0.1 | 0.51 | -0.44 | 0.76 | 0.29 | TSRYF | ||
0.0 | 0.05 | 0.58 | -0.63 | 0.76 | 0.44 | APGE | ||
0.0 | 0.54 | 0.55 | -0.44 | 0.29 | 0.44 | VMD | ||
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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 Enlightify Stock performing well and Enlightify 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 Enlightify'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
DWWEF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
FIZZ | 1.09 | (0.13) | 0.00 | (0.36) | 0.00 | 2.13 | 10.75 | |||
SNDL | 2.05 | (0.05) | 0.00 | (0.04) | 0.00 | 4.17 | 24.46 | |||
VDKB | 0.96 | 0.01 | 0.00 | 0.08 | 0.00 | 0.00 | 22.11 | |||
TSRYF | 0.94 | (0.20) | 0.00 | 1.06 | 0.00 | 2.24 | 15.75 | |||
APGE | 2.97 | (0.18) | 0.00 | (0.23) | 0.00 | 5.62 | 21.79 | |||
VMD | 1.48 | 0.00 | (0.01) | 0.03 | 1.86 | 3.30 | 10.21 |