Ensign Related Correlations

EGB Stock  EUR 116.00  3.06  2.71%   
Generate correlation matrix for Ensign and other related equities to check the degree to which The Ensign Group price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for The Ensign Group. To filter out specific equities, please toggle its corresponding legend item. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in The Ensign Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
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Please note, there is a significant difference between Ensign's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ensign is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ensign's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Correlations

KO2
636
DBPD
DBPE
E908
KO2
-0.820.82-0.83-0.7
KO2
636
-0.82-0.850.850.67
636
DBPD
0.82-0.85-1.0-0.78
DBPD
DBPE
-0.830.85-1.00.77
DBPE
E908
-0.70.67-0.780.77
E908
KO2
636
DBPD
DBPE
E908
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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   
DBPE636
DBPDKO2
E908DBPE
E908636
  
High negative correlations   
DBPEDBPD
DBPD636
DBPEKO2
636KO2
E908DBPD
E908KO2

Risk-Adjusted Indicators

There is a big difference between Ensign Stock performing well and Ensign 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 Ensign'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.