Enerpac Tool Correlations

EPAC Stock

USD 42.25 1.09 2.51%

The current 90-days correlation between Enerpac Tool Group and Luxfer Holdings PLC is 0.39 (i.e., Weak diversification). The correlation of Enerpac Tool 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.

Enerpac Tool Correlation With Market

Very weak diversification

The correlation between Enerpac Tool Group and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Enerpac Tool Group 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 Enerpac Tool Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Enerpac Stock

0.63	CR	Crane Company	Pair Corr
0.88	FELE	Franklin Electric	Pair Corr
0.66	AME	Ametek Inc	Pair Corr
0.67	DCI	Donaldson	Pair Corr
0.63	DOV	Dover	Pair Corr
0.77	GGG	Graco Inc	Pair Corr
0.67	GRC	Gorman Rupp	Pair Corr
0.77	ITW	Illinois Tool Works	Pair Corr
0.64	KAI	Kadant Inc	Pair Corr
0.76	NPO	Enpro Industries	Pair Corr

Moving against Enerpac Stock

0.46	RR	Richtech Robotics Class	Pair Corr
0.38	CVV	CVD Equipment Earnings Call This Week	Pair Corr
0.33	HUHU	HUHUTECH International	Pair Corr

Related Correlations Analysis

	OFLX	LXFR	GRC	JBT	CSWI	ITT	HURC	KAI	NPO	GHM
OFLX		0.07	0.22	0.0	0.68	0.28	0.01	-0.37	-0.38	0.59	OFLX
LXFR	0.07		0.39	0.0	0.31	0.81	0.86	0.58	0.67	0.5	LXFR
GRC	0.22	0.39		0.0	0.19	0.41	0.18	0.43	0.56	0.11	GRC
JBT	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	JBT
CSWI	0.68	0.31	0.19	0.0		0.65	0.38	-0.04	-0.27	0.83	CSWI
ITT	0.28	0.81	0.41	0.0	0.65		0.81	0.51	0.42	0.75	ITT
HURC	0.01	0.86	0.18	0.0	0.38	0.81		0.49	0.47	0.61	HURC
KAI	-0.37	0.58	0.43	0.0	-0.04	0.51	0.49		0.7	0.02	KAI
NPO	-0.38	0.67	0.56	0.0	-0.27	0.42	0.47	0.7		-0.12	NPO
GHM	0.59	0.5	0.11	0.0	0.83	0.75	0.61	0.02	-0.12		GHM
	OFLX	LXFR	GRC	JBT	CSWI	ITT	HURC	KAI	NPO	GHM

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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

HURC	+ 0.86	LXFR
GHM	+ 0.83	CSWI
ITT	+ 0.81	LXFR
HURC	+ 0.81	ITT
GHM	+ 0.75	ITT
NPO	+ 0.7	KAI

High negative correlations

NPO	- 0.38	OFLX
KAI	- 0.37	OFLX
NPO	- 0.27	CSWI
GHM	- 0.12	NPO
KAI	- 0.04	CSWI
GHM	- 0.0	JBT

Risk-Adjusted Indicators

There is a big difference between Enerpac Stock performing well and Enerpac Tool 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 Enerpac Tool'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
OFLX	1.77	(0.18)	(0.53)	3.01	(3.59)	9.64
LXFR	1.73	(0.15)	(0.23)	2.60	(4.10)	11.40
GRC	1.28	(0.15)	(0.25)	2.20	(2.53)	6.72
JBT	0.00	0.00	0.00	0.00	0.00	0.00
CSWI	1.44	(0.36)	(0.45)	1.88	(3.67)	7.45
ITT	1.28	(0.08)	(0.13)	2.91	(2.75)	7.23
HURC	2.35	(0.22)	(0.73)	4.14	(4.30)	23.02
KAI	1.47	(0.06)	(0.12)	2.63	(3.27)	13.30
NPO	1.57	(0.05)	(0.11)	2.17	(3.38)	10.90
GHM	2.81	(0.33)	(0.22)	6.01	(6.47)	23.34

Enerpac Tool Corporate Management

J Clarkson	Independent Director	Profile
Lynn Minella	Independent Director	Profile
Richard Roman	VP Treasurer	Profile
Patrick Dawson	Corporate Controller	Profile

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