Enova International Correlations

ENVA Stock

USD 105.54 0.84 0.79%

The current 90-days correlation between Enova International and 360 Finance is -0.07 (i.e., Good diversification). The correlation of Enova International 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.

Enova International Correlation With Market

Poor diversification

The correlation between Enova International and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Enova International 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 Enova International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

For information on how to trade Enova Stock refer to our How to Trade Enova Stock guide.

Moving together with Enova Stock

0.77	V	Visa Class A	Pair Corr
0.79	DHIL	Diamond Hill Investment	Pair Corr
0.63	AB	AllianceBernstein	Pair Corr
0.65	AC	Associated Capital	Pair Corr
0.74	BN	Brookfield Corp	Pair Corr
0.91	BX	Blackstone Group Fiscal Year End 23rd of January 2025	Pair Corr
0.83	CG	Carlyle Group	Pair Corr
0.86	GS	Goldman Sachs Group Sell-off Trend	Pair Corr
0.94	LC	LendingClub Corp	Pair Corr
0.67	LX	Lexinfintech Holdings Trending	Pair Corr
0.76	MA	Mastercard	Pair Corr
0.82	MC	Moelis	Pair Corr
0.87	MS	Morgan Stanley Sell-off Trend	Pair Corr
0.67	PX	P10 Inc	Pair Corr
0.77	QD	Qudian Inc	Pair Corr
0.94	SF	Stifel Financial Fiscal Year End 22nd of January 2025	Pair Corr
0.83	WT	WisdomTree	Pair Corr
0.81	VCTR	Victory Capital Holdings Normal Trading	Pair Corr
0.68	VINP	Vinci Partners Inves	Pair Corr
0.72	VIRT	Virtu Financial Fiscal Year End 23rd of January 2025	Pair Corr
0.84	VRTS	Virtus Investment	Pair Corr
0.7	EZPW	EZCORP Inc	Pair Corr
0.86	WULF	Terawulf Buyout Trend	Pair Corr
0.66	FDUS	Fidus Investment Corp	Pair Corr

Moving against Enova Stock

0.73	WU	Western Union	Pair Corr
0.57	XP	Xp Inc Downward Rally	Pair Corr
0.48	PT	Pintec Technology	Pair Corr
0.36	RM	Regional Management Corp	Pair Corr
0.66	ORGN	Origin Materials	Pair Corr
0.64	FCFS	FirstCash	Pair Corr

Related Correlations Analysis

	QFIN	ATLC	QD	ENVA	XYF	LC	FINV	YRD	NAVI	SNTG
QFIN		0.5	0.69	0.51	0.63	0.61	0.63	0.49	-0.24	-0.03	QFIN
ATLC	0.5		0.76	0.92	0.35	0.88	0.42	0.1	-0.27	-0.63	ATLC
QD	0.69	0.76		0.77	0.71	0.81	0.74	0.46	-0.42	-0.17	QD
ENVA	0.51	0.92	0.77		0.43	0.94	0.44	0.22	-0.23	-0.57	ENVA
XYF	0.63	0.35	0.71	0.43		0.49	0.88	0.85	-0.26	0.27	XYF
LC	0.61	0.88	0.81	0.94	0.49		0.43	0.25	-0.36	-0.49	LC
FINV	0.63	0.42	0.74	0.44	0.88	0.43		0.79	-0.25	0.21	FINV
YRD	0.49	0.1	0.46	0.22	0.85	0.25	0.79		-0.18	0.38	YRD
NAVI	-0.24	-0.27	-0.42	-0.23	-0.26	-0.36	-0.25	-0.18		0.13	NAVI
SNTG	-0.03	-0.63	-0.17	-0.57	0.27	-0.49	0.21	0.38	0.13		SNTG
	QFIN	ATLC	QD	ENVA	XYF	LC	FINV	YRD	NAVI	SNTG

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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

LC	+ 0.94	ENVA
ENVA	+ 0.92	ATLC
LC	+ 0.88	ATLC
FINV	+ 0.88	XYF
YRD	+ 0.85	XYF
LC	+ 0.81	QD

High negative correlations

SNTG	- 0.63	ATLC
SNTG	- 0.57	ENVA
SNTG	- 0.49	LC
NAVI	- 0.42	QD
NAVI	- 0.36	LC
NAVI	- 0.27	ATLC

Risk-Adjusted Indicators

There is a big difference between Enova Stock performing well and Enova International 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 Enova International'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
QFIN	2.76	0.58	0.20	1.12	2.44	(3.45)	6.30	(4.25)	13.28
ATLC	1.81	0.78	0.33	20.46	1.28	(2.20)	5.83	(2.04)	11.47
QD	3.14	0.77	0.23	1.70	2.47	(4.04)	6.93	(4.21)	15.86
ENVA	1.66	0.14	0.15	0.18	1.59	(1.95)	3.02	(3.16)	13.01
XYF	3.03	0.79	0.17	(1.93)	3.06	(3.74)	9.28	(5.12)	27.09
LC	2.38	0.26	0.17	0.23	1.98	(2.73)	5.23	(3.31)	15.07
FINV	1.95	0.29	0.09	0.61	2.26	(2.03)	4.41	(4.60)	13.22
YRD	3.70	0.26	0.00	(0.10)	5.26	(4.07)	8.75	(6.80)	46.34
NAVI	1.57	(0.13)	0.00	(1.54)	0.00	0.00	2.38	(3.50)	13.67
SNTG	2.40	(0.01)	0.00	0.14	0.00	0.00	5.91	(4.78)	21.33

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