ENN Energy Correlations
| XNGSF Stock | USD 9.01 0.60 7.13% |
The correlation of ENN Energy 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ENN Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ENN Energy Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Significant diversification
The correlation between ENN Energy Holdings and NYA is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ENN Energy Holdings and NYA in the same portfolio, assuming nothing else is changed.
ENN |
The ability to find closely correlated positions to ENN Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ENN Energy 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 ENN Energy - 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 ENN Energy Holdings to buy it.
Moving together with ENN Pink Sheet
| 0.84 | XNGSY | ENN Energy Holdings | PairCorr |
| 0.65 | NI | NiSource Earnings Call This Week | PairCorr |
| 0.67 | CTGO | Contango ORE Earnings Call This Week | PairCorr |
| 0.63 | TME | Tencent Music Entert Financial Report 21st of May 2024 | PairCorr |
Moving against ENN Pink Sheet
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 ENN Pink Sheet performing well and ENN Energy 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 ENN Energy'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NWN | 1.40 | 0.03 | 0.01 | 0.08 | 2.27 | 2.99 | 17.13 | |||
| IIPR | 1.33 | 0.15 | 0.09 | 0.15 | 1.61 | 2.87 | 11.16 | |||
| CR | 1.27 | 0.15 | 0.11 | 0.14 | 1.37 | 2.78 | 10.52 | |||
| TGT | 1.31 | 0.16 | 0.12 | 0.22 | 1.17 | 2.39 | 15.06 | |||
| LAC | 4.17 | 0.07 | 0.02 | 0.07 | 6.99 | 8.11 | 44.84 | |||
| GDOT | 2.04 | (0.06) | (0.01) | 0.01 | 2.68 | 3.89 | 10.11 | |||
| CLH | 1.10 | 0.21 | 0.17 | 0.22 | 1.07 | 2.77 | 6.28 | |||
| WMT | 0.66 | 0.11 | 0.09 | 0.46 | 0.58 | 1.46 | 4.98 | |||
| GOOG | 1.44 | 0.12 | 0.05 | 0.19 | 2.19 | 2.54 | 13.30 | |||
| BAMKF | 0.56 | 0.28 | 0.00 | (2.89) | 0.00 | 0.00 | 16.44 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in ENN Energy 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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ENN Energy Corporate Directors
ENN Energy corporate directors refer to members of an ENN Energy board of directors. The board of directors generally takes responsibility for the ENN Energy's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of ENN Energy's board members must vote for the resolution. The ENN Energy board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Yongsheng Jin | Non-Executive Director | Profile | |
| Zhixiang Ma | Non-Executive Independent Director | Profile | |
| Po Yuen | Non-Executive Independent Director | Profile | |
| Yee Law | Non-Executive Independent Director | Profile |
Already Invested in ENN Energy Holdings?
The danger of trading ENN Energy Holdings is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of ENN Energy is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than ENN Energy. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile ENN Energy Holdings is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in ENN Energy Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Complementary Tools for ENN Pink Sheet analysis
When running ENN Energy's price analysis, check to measure ENN Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ENN Energy is operating at the current time. Most of ENN Energy's value examination focuses on studying past and present price action to predict the probability of ENN Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ENN Energy's price. Additionally, you may evaluate how the addition of ENN Energy to your portfolios can decrease your overall portfolio volatility.
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