Enerflex Correlations

EFXT Stock

USD 19.43 0.01 0.05%

The current 90-days correlation between Enerflex and Now Inc is 0.22 (i.e., Modest diversification). The correlation of Enerflex 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Enerflex Correlation With Market

Modest diversification

The correlation between Enerflex and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Enerflex and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Enerflex Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enerflex. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

For more information on how to buy Enerflex Stock please use our How to Invest in Enerflex guide.

Moving together with Enerflex Stock

0.84	SD	SandRidge Energy	Pair Corr
0.8	VG	Venture Global	Pair Corr
0.75	RBY	Rubellite Energy	Pair Corr
0.92	DMLP	Dorchester Minerals Earnings Call This Week	Pair Corr
0.82	SDE	Spartan Delta Corp	Pair Corr
0.65	1PZ	Panoro Energy ASA Earnings Call This Week	Pair Corr
0.63	SEPL	Seplat Petroleum Dev	Pair Corr
0.81	VNOM	Viper Energy Ut Earnings Call This Week	Pair Corr
0.79	OBE	Obsidian Energy	Pair Corr

Moving against Enerflex Stock

0.69	VIVK	Vivakor	Pair Corr
0.65	LGN	Logan Energy Corp	Pair Corr
0.56	INDI	Indus Gas Limited	Pair Corr
0.44	JGH	Jade Gas Holdings	Pair Corr
0.41	L5K	Lekoil Limited	Pair Corr
0.4	AXP	AXP Energy	Pair Corr
0.46	SHE	Stonehorse Energy	Pair Corr
0.46	ERHE	ERHC Energy	Pair Corr
0.4	EONR	EON Resources	Pair Corr
0.34	ROK	ROK Resources	Pair Corr
0.33	O1E	Otto Energy Limited	Pair Corr

Related Correlations Analysis

	DNOW	XPRO	INVX	FLOC	AESI	GLP	VTOL	NESR	FLNG	BTE
DNOW		0.8	0.71	0.84	0.76	0.66	0.85	0.81	0.56	0.52	DNOW
XPRO	0.8		0.94	0.86	0.86	0.52	0.9	0.88	0.82	0.51	XPRO
INVX	0.71	0.94		0.82	0.87	0.58	0.9	0.85	0.78	0.61	INVX
FLOC	0.84	0.86	0.82		0.94	0.52	0.92	0.95	0.65	0.54	FLOC
AESI	0.76	0.86	0.87	0.94		0.58	0.89	0.91	0.7	0.57	AESI
GLP	0.66	0.52	0.58	0.52	0.58		0.57	0.49	0.44	0.81	GLP
VTOL	0.85	0.9	0.9	0.92	0.89	0.57		0.95	0.74	0.59	VTOL
NESR	0.81	0.88	0.85	0.95	0.91	0.49	0.95		0.74	0.53	NESR
FLNG	0.56	0.82	0.78	0.65	0.7	0.44	0.74	0.74		0.48	FLNG
BTE	0.52	0.51	0.61	0.54	0.57	0.81	0.59	0.53	0.48		BTE
	DNOW	XPRO	INVX	FLOC	AESI	GLP	VTOL	NESR	FLNG	BTE

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Risk-Adjusted Indicators

There is a big difference between Enerflex Stock performing well and Enerflex 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 Enerflex'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
DNOW	1.45	0.31	0.16	0.49	1.54	(1.59)	2.95	(2.47)	8.03
XPRO	2.37	0.41	0.15	0.53	2.41	(3.08)	6.14	(4.10)	14.14
INVX	1.76	0.16	0.07	0.28	1.92	(1.90)	4.29	(3.41)	10.56
FLOC	1.79	0.55	0.32	0.52	1.26	(2.13)	4.45	(2.46)	10.96
AESI	2.09	0.61	0.23	0.50	2.24	(2.35)	5.00	(3.44)	16.39
GLP	1.43	0.22	0.10	0.67	1.57	(1.51)	2.62	(2.67)	9.16
VTOL	1.44	0.37	0.21	0.56	1.32	(1.66)	3.40	(2.53)	7.10
NESR	1.98	0.90	0.49	0.67	1.04	(2.33)	5.67	(2.49)	13.97
FLNG	0.93	0.05	0.00	0.47	0.99	(1.03)	2.09	(1.91)	5.58
BTE	2.06	0.30	0.10	0.86	2.40	(2.22)	4.65	(3.97)	13.43

Enerflex Corporate Management

Benjamin CPA	VP Controller	Profile
Jeffrey CFA	Vice Relations	Profile
Carina Gillenwater	Senior Officer	Profile
Stefan Ali	Risk Strategy	Profile
David Izett	Senior Counsel	Profile
Patricia Martinez	Chief Officer	Profile

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