Enerflex Correlations

EFXT Stock

USD 16.46 0.27 1.61%

The current 90-days correlation between Enerflex and Now Inc is 0.15 (i.e., Average 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

Very weak diversification

The correlation between Enerflex and DJI is 0.55 (i.e., Very weak 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 various price indices.

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

Moving together with Enerflex Stock

0.81	PPERF	Bank Mandiri Persero	Pair Corr
0.69	PTAIY	Astra International Tbk	Pair Corr
0.77	MBFJF	Mitsubishi UFJ Financial	Pair Corr
0.9	WMT	Walmart Common Stock	Pair Corr
0.64	BA	Boeing Earnings Call This Week	Pair Corr
0.61	MRK	Merck Company	Pair Corr

Moving against Enerflex Stock

0.89	PBCRY	Bank Central Asia	Pair Corr
0.61	MSFT	Microsoft Earnings Call This Week	Pair Corr
0.55	BKRKF	PT Bank Rakyat	Pair Corr
0.54	T	ATT Inc Earnings Call This Week	Pair Corr
0.48	HPQ	HP Inc	Pair Corr
0.34	PG	Procter Gamble	Pair Corr
0.34	IBM	International Business Earnings Call This Week	Pair Corr
0.31	BKRKY	Bank Rakyat	Pair Corr

Related Correlations Analysis

	DNOW	XPRO	INVX	FLOC	AESI	GLP	VTOL	NESR	FLNG	BTE
DNOW		0.42	0.16	0.21	0.65	0.66	0.44	0.04	0.05	-0.3	DNOW
XPRO	0.42		0.78	0.68	0.47	0.52	0.66	0.44	0.69	0.39	XPRO
INVX	0.16	0.78		0.78	0.09	0.29	0.33	0.56	0.58	0.79	INVX
FLOC	0.21	0.68	0.78		0.34	0.15	0.39	0.6	0.47	0.63	FLOC
AESI	0.65	0.47	0.09	0.34		0.46	0.73	0.12	0.28	-0.39	AESI
GLP	0.66	0.52	0.29	0.15	0.46		0.36	0.1	0.26	-0.1	GLP
VTOL	0.44	0.66	0.33	0.39	0.73	0.36		0.19	0.5	-0.07	VTOL
NESR	0.04	0.44	0.56	0.6	0.12	0.1	0.19		0.38	0.54	NESR
FLNG	0.05	0.69	0.58	0.47	0.28	0.26	0.5	0.38		0.35	FLNG
BTE	-0.3	0.39	0.79	0.63	-0.39	-0.1	-0.07	0.54	0.35		BTE
	DNOW	XPRO	INVX	FLOC	AESI	GLP	VTOL	NESR	FLNG	BTE

Please upgrade your account to get full access to Macroaxis premium features

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

BTE	+ 0.79	INVX
INVX	+ 0.78	XPRO
FLOC	+ 0.78	INVX
VTOL	+ 0.73	AESI
FLNG	+ 0.69	XPRO
FLOC	+ 0.68	XPRO

High negative correlations

BTE	- 0.39	AESI
BTE	- 0.3	DNOW
BTE	- 0.1	GLP
BTE	- 0.07	VTOL

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	1.53	0.04	(0.03)	(0.01)	2.07	(1.65)	3.90	(3.24)	11.62
XPRO	2.36	0.32	0.07	(0.36)	2.56	(2.98)	5.94	(4.94)	14.92
INVX	1.86	0.41	0.13	(0.34)	1.66	(2.12)	4.39	(2.95)	12.82
FLOC	1.94	0.50	0.15	(0.42)	2.03	(2.22)	4.18	(3.32)	23.77
AESI	3.01	0.30	0.04	(0.62)	4.74	(3.19)	5.73	(4.57)	32.91
GLP	1.50	0.00	(0.04)	0.07	1.90	(1.61)	3.06	(2.99)	9.17
VTOL	1.61	0.22	0.06	(7.14)	2.06	(1.69)	3.40	(3.37)	11.04
NESR	2.12	0.88	0.37	1.22	1.64	(2.53)	7.21	(2.98)	22.01
FLNG	1.00	0.15	0.04	(0.49)	1.27	(1.10)	2.55	(1.91)	8.17
BTE	2.23	0.67	0.22	(1.06)	2.02	(2.72)	5.49	(3.03)	19.69

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC