Enservco Correlations
| ENSVDelisted Stock | USD 0.05 0.01 9.33% |
The current 90-days correlation between Enservco and PEDEVCO Corp is 0.14 (i.e., Average diversification). The correlation of Enservco 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.
Enservco Correlation With Market
Good diversification
The correlation between Enservco Co and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Enservco Co and DJI in the same portfolio, assuming nothing else is changed.
Enservco |
The ability to find closely correlated positions to Enservco could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enservco 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 Enservco - 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 Enservco Co to buy it.
Moving against Enservco OTC Stock
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| 0.42 | EFXT | Enerflex | PairCorr |
| 0.38 | TS | Tenaris SA ADR | PairCorr |
| 0.38 | FTK | Flotek Industries | PairCorr |
| 0.35 | CHX | ChampionX | PairCorr |
| 0.34 | DNOW | Now Inc | PairCorr |
| 0.34 | BKR | Baker Hughes Fiscal Year End 28th of January 2025 | PairCorr |
| 0.33 | CLB | Core Laboratories | PairCorr |
| 0.31 | HAL | Halliburton Fiscal Year End 28th of January 2025 | PairCorr |
| 0.49 | RES | RPC Inc Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.49 | WHD | Cactus Inc | PairCorr |
| 0.46 | SEI | Solaris Energy Infra Symbol Change | PairCorr |
| 0.45 | KGS | Kodiak Gas Services, | PairCorr |
| 0.34 | OII | Oceaneering International | PairCorr |
| 0.33 | SLB | Schlumberger NV Fiscal Year End 17th of January 2025 | PairCorr |
| 0.33 | TTI | Tetra Technologies | PairCorr |
| 0.63 | AESI | Atlas Energy Solutions | PairCorr |
| 0.57 | ACDC | ProFrac Holding Corp | PairCorr |
| 0.51 | PUMP | ProPetro Holding Corp | PairCorr |
| 0.49 | AROC | Archrock | PairCorr |
Related Correlations Analysis
| 0.73 | -0.64 | 0.09 | 0.32 | HUSA | ||
| 0.73 | -0.2 | -0.18 | 0.55 | INDO | ||
| -0.64 | -0.2 | -0.11 | 0.19 | IMPP | ||
| 0.09 | -0.18 | -0.11 | -0.06 | NINE | ||
| 0.32 | 0.55 | 0.19 | -0.06 | PED | ||
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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 Enservco OTC Stock performing well and Enservco OTC Stock 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 Enservco'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HUSA | 4.53 | 0.56 | 0.04 | (0.18) | 5.30 | 11.11 | 37.16 | |||
| INDO | 5.80 | 0.55 | 0.01 | (0.06) | 5.71 | 16.67 | 71.63 | |||
| IMPP | 1.42 | (0.41) | 0.00 | (0.58) | 0.00 | 3.09 | 10.84 | |||
| NINE | 4.56 | (0.05) | 0.05 | 0.11 | 4.68 | 14.16 | 43.06 | |||
| PED | 2.02 | (0.07) | (0.04) | 0.00 | 2.24 | 3.49 | 22.97 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Enservco 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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Still Interested in Enservco Co?
Investing in delisted otcs can be risky, as the otc 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.