Enersense International Correlations

ESENSE Stock  EUR 2.13  0.04  1.84%   
The current 90-days correlation between Enersense International and Kamux Suomi Oy is -0.1 (i.e., Good diversification). The correlation of Enersense 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.

Enersense International Correlation With Market

Significant diversification

The correlation between Enersense International Oyj and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Enersense International Oyj and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Enersense International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enersense International 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 Enersense International - 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 Enersense International Oyj to buy it.

Moving against Enersense Stock

  0.82SAMPO Sampo Oyj A SplitPairCorr
  0.81AKTIA Aktia Bank Abp Earnings Call This WeekPairCorr
  0.79TELIA1 Telia CompanyPairCorr
  0.79NOKIA Nokia OyjPairCorr
  0.78SSABAH SSAB AB serPairCorr
  0.77SSABBH SSAB AB serPairCorr
  0.76FORTUM Fortum OyjPairCorr
  0.75NDA-FI Nordea Bank AbpPairCorr
  0.7ANORA Anora Group OyjPairCorr
  0.54ALMA Alma Media OyjPairCorr
  0.5SIILI Siili Solutions OyjPairCorr
  0.31SOSI1 Sotkamo Silver ABPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

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

Be your own money manager

Our tools can tell you how much better you can do entering a position in Enersense International 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?

Run ETFs Now

   

ETFs

Find actively traded Exchange Traded Funds (ETF) from around the world
All  Next Launch Module

Enersense International Corporate Management

Elected by the shareholders, the Enersense International's board of directors comprises two types of representatives: Enersense International inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Enersense. The board's role is to monitor Enersense International's management team and ensure that shareholders' interests are well served. Enersense International'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, Enersense International's outside directors are responsible for providing unbiased perspectives on the board's policies.