Enjoy SA Correlations

ENJOY Stock  CLP 0.18  0.00  0.00%   
The current 90-days correlation between Enjoy SA and LATAM Airlines Group is 0.22 (i.e., Modest diversification). The correlation of Enjoy 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Enjoy SA Correlation With Market

Significant diversification

The correlation between Enjoy SA and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Enjoy SA and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Enjoy 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 Enjoy 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 Enjoy 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 Enjoy SA to buy it.

Moving against Enjoy Stock

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Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Enjoy Stock performing well and Enjoy 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 Enjoy 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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Enjoy 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.

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Enjoy SA Corporate Management

Elected by the shareholders, the Enjoy SA's board of directors comprises two types of representatives: Enjoy SA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Enjoy. The board's role is to monitor Enjoy SA's management team and ensure that shareholders' interests are well served. Enjoy 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, Enjoy SA's outside directors are responsible for providing unbiased perspectives on the board's policies.
Juan NewcombGeneral Director of Enjoy - Punta del EsteProfile
Ana JohnsonIndependent DirectorProfile
Ignacio AlarconDirectorProfile
Thomas JenkinDirectorProfile
Ugo PosadaDirectorProfile
Esteban BDirector of Human Resources and Corporate Financial ManagementProfile