Enags SA Correlations
| ENG Stock | EUR 12.82 0.02 0.16% |
The current 90-days correlation between Enags SA and Mapfre is -0.04 (i.e., Good diversification). The correlation of Enags SA 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.
Enags SA Correlation With Market
Average diversification
The correlation between Enags SA 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 Enags SA and DJI in the same portfolio, assuming nothing else is changed.
Enags |
The ability to find closely correlated positions to Enags SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enags SA when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Enags SA - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Enags SA to buy it.
Moving together with Enags Stock
| 0.75 | SEC | Secuoya Grupo de | PairCorr |
| 0.7 | EZE | Grupo Ezentis SA | PairCorr |
| 0.61 | TRG | Tubos Reunidos SA | PairCorr |
| 0.76 | CASH | Prosegur Cash SA | PairCorr |
| 0.63 | MVC | Metrovacesa SA | PairCorr |
| 0.71 | SAB | Banco de Sabadell | PairCorr |
| 0.64 | EIDF | Energa Innovacin y | PairCorr |
| 0.78 | YHSP | Hispanotels Inversiones | PairCorr |
| 0.72 | PRM | Prim SA | PairCorr |
| 0.72 | ACS | ACS Actividades de | PairCorr |
| 0.73 | YVIT | Vitruvio Real Estate | PairCorr |
| 0.75 | PRS | Promotora de Informa | PairCorr |
| 0.66 | YEUR | Euro Cervantes SOCIMI | PairCorr |
Moving against Enags Stock
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Enags Stock performing well and Enags SA 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 Enags SA'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MAP | 1.06 | 0.28 | 0.20 | 0.88 | 1.26 | 2.17 | 7.31 | |||
| ELE | 0.71 | 0.15 | 0.26 | (2.85) | 0.77 | 1.48 | 4.40 | |||
| ACS | 1.12 | 0.27 | 0.22 | 0.43 | 1.22 | 1.74 | 9.17 | |||
| IBE | 0.68 | 0.12 | 0.22 | 2.28 | 0.78 | 1.57 | 4.51 | |||
| REP | 1.04 | 0.18 | 0.20 | 0.47 | 1.06 | 2.21 | 11.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Enags SA without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Enags SA Corporate Management
Elected by the shareholders, the Enags SA's board of directors comprises two types of representatives: Enags SA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Enags. The board's role is to monitor Enags SA's management team and ensure that shareholders' interests are well served. Enags SA's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Enags SA's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Arturo Aizpiri | CEO Director | Profile | |
| Felisa Villan | Public Mang | Profile | |
| Jos Real | Director Compliance | Profile | |
| Javier Gregorio | Gen Transformation | Profile | |
| Rafael Bautista | G Sec | Profile | |
| Diego Ruiz | Vice Mang | Profile | |
| Luis Romero | Chief Officer | Profile |