Eneti Correlations
| NETIDelisted Stock | USD 12.63 0.07 0.56% |
The current 90-days correlation between Eneti Inc and Himalaya Shipping is 0.04 (i.e., Significant diversification). The correlation of Eneti 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.
Eneti Correlation With Market
Good diversification
The correlation between Eneti Inc and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eneti Inc and DJI in the same portfolio, assuming nothing else is changed.
Eneti |
Moving together with Eneti Stock
| 0.86 | FSTF | First State Financial | PairCorr |
| 0.87 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
| 0.77 | WMT | Walmart Aggressive Push | PairCorr |
| 0.77 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.78 | DIS | Walt Disney Sell-off Trend | PairCorr |
| 0.81 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.88 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.68 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.9 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
Moving against Eneti Stock
| 0.93 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.85 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.79 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.53 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.41 | VZ | Verizon Communications Sell-off Trend | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Eneti Stock performing well and Eneti 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 Eneti'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MATX | 1.62 | 0.07 | 0.04 | 0.20 | 1.49 | 2.96 | 19.89 | |||
| HSHP | 1.86 | (0.29) | 0.00 | (0.45) | 0.00 | 4.44 | 12.97 | |||
| CLCO | 1.83 | (0.28) | 0.00 | (0.81) | 0.00 | 3.20 | 22.39 | |||
| CMRE | 1.74 | (0.12) | 0.00 | (0.10) | 0.00 | 3.19 | 9.49 | |||
| NMM | 1.72 | (0.13) | 0.00 | (0.21) | 0.00 | 4.85 | 12.91 | |||
| SHIP | 1.84 | (0.46) | 0.00 | (1.98) | 0.00 | 3.74 | 12.44 | |||
| NM | 2.24 | (0.08) | 0.00 | 2.03 | 0.00 | 5.56 | 16.27 | |||
| DAC | 1.15 | (0.05) | 0.00 | (0.23) | 0.00 | 2.46 | 8.98 | |||
| GSL | 1.24 | (0.26) | 0.00 | (0.47) | 0.00 | 2.46 | 8.24 | |||
| ESEA | 2.16 | (0.23) | 0.00 | (1.42) | 0.00 | 3.85 | 16.76 |
Eneti Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Eneti stock to make a market-neutral strategy. Peer analysis of Eneti could also be used in its relative valuation, which is a method of valuing Eneti by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Eneti Corporate Management
| Roberto Giorgi | Independent Director | Profile | |
| Robert Bugbee | President Director | Profile | |
| Tim Sanger | Managing Director | Profile | |
| Monica Pahwa | Sec | Profile | |
| Filippo Lauro | Vice President | Profile | |
| James Doyle | Head Relations | Profile | |
| Berit Henriksen | Independent Director | Profile |
Still Interested in Eneti Inc?
Investing in delisted delisted stocks can be risky, as the 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.