ENIGMATIG Correlations

EGG Stock

4.77 0.37 8.41%

The current 90-days correlation between ENIGMATIG LIMITED and Hirequest is 0.1 (i.e., Average diversification). The correlation of ENIGMATIG 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.

ENIGMATIG Correlation With Market

Good diversification

The correlation between ENIGMATIG LIMITED and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ENIGMATIG LIMITED and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with ENIGMATIG Stock

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

Moving together with ENIGMATIG Stock

0.72	EXPGF	Experian PLC	Pair Corr
0.67	EXPGY	Experian plc PK	Pair Corr
0.66	EFX	Equifax	Pair Corr
0.71	JD	JD Inc Adr	Pair Corr

Moving against ENIGMATIG Stock

0.8	SGSOY	SGS SA	Pair Corr
0.67	SGSOF	SGS SA	Pair Corr
0.65	BVRDF	Bureau Veritas SA	Pair Corr
0.52	ACN	Accenture plc Sell-off Trend	Pair Corr
0.51	BYCRF	BayCurrent Consulting	Pair Corr
0.49	WMT	Walmart Common Stock	Pair Corr
0.38	AMZN	Amazon Inc Aggressive Push	Pair Corr
0.34	TRU	TransUnion	Pair Corr
0.64	EGDD	Eastern Goldfields	Pair Corr
0.63	WBD	Warner Bros Discovery	Pair Corr
0.61	MAR	Marriott International	Pair Corr
0.6	DBD	Diebold Nixdorf,	Pair Corr
0.57	PPBT	Purple Biotech	Pair Corr
0.48	ALGN	Align Technology	Pair Corr
0.37	RIVN	Rivian Automotive Sell-off Trend	Pair Corr
0.34	NYMXF	Nymox Pharmaceutical	Pair Corr
0.73	VMEO	Vimeo Inc	Pair Corr
0.65	CAMZF	Camino Minerals Earnings Call This Week	Pair Corr
0.61	BYSD	Bayside Corp	Pair Corr
0.59	SLFIF	Sun Life Financial	Pair Corr
0.54	GUYGF	G2 Goldfields Trending	Pair Corr
0.51	OWRDF	One World Lithium	Pair Corr

Related Correlations Analysis

	HQI	CODA	SNT	MATH	ULBI	RITR	SLGB	MIMI	TUSK	HURC
HQI		-0.45	0.51	0.45	0.02	0.61	-0.29	0.31	0.33	0.36	HQI
CODA	-0.45		0.14	-0.28	0.46	-0.37	0.55	0.16	0.06	0.18	CODA
SNT	0.51	0.14		0.49	0.64	0.4	0.2	0.64	0.56	0.83	SNT
MATH	0.45	-0.28	0.49		0.41	0.46	-0.17	0.63	0.63	0.59	MATH
ULBI	0.02	0.46	0.64	0.41		0.31	0.16	0.77	0.69	0.72	ULBI
RITR	0.61	-0.37	0.4	0.46	0.31		-0.31	0.62	0.66	0.4	RITR
SLGB	-0.29	0.55	0.2	-0.17	0.16	-0.31		0.06	-0.01	0.31	SLGB
MIMI	0.31	0.16	0.64	0.63	0.77	0.62	0.06		0.88	0.84	MIMI
TUSK	0.33	0.06	0.56	0.63	0.69	0.66	-0.01	0.88		0.67	TUSK
HURC	0.36	0.18	0.83	0.59	0.72	0.4	0.31	0.84	0.67		HURC
	HQI	CODA	SNT	MATH	ULBI	RITR	SLGB	MIMI	TUSK	HURC

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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

TUSK	+ 0.88	MIMI
HURC	+ 0.84	MIMI
HURC	+ 0.83	SNT
MIMI	+ 0.77	ULBI
HURC	+ 0.72	ULBI
TUSK	+ 0.69	ULBI

High negative correlations

CODA	- 0.45	HQI
RITR	- 0.37	CODA
SLGB	- 0.31	RITR
SLGB	- 0.29	HQI
MATH	- 0.28	CODA
SLGB	- 0.17	MATH

Risk-Adjusted Indicators

There is a big difference between ENIGMATIG Stock performing well and ENIGMATIG 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 ENIGMATIG'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
HQI	2.76	0.02	(0.02)	(0.22)	3.10	(3.07)	6.85	(4.99)	23.30
CODA	2.62	0.24	0.05	(1.05)	2.92	(2.77)	6.94	(4.45)	19.09
SNT	3.37	(0.13)	0.00	(0.10)	0.00	0.00	8.66	(6.04)	32.07
MATH	3.58	(0.63)	0.00	(0.50)	0.00	0.00	7.26	(7.77)	20.85
ULBI	2.45	(0.30)	0.00	(0.11)	0.00	0.00	4.19	(5.87)	17.25
RITR	5.88	(1.46)	0.00	1.28	0.00	0.00	12.26	(11.81)	69.50
SLGB	8.15	(2.43)	0.00	24.10	0.00	0.00	25.71	(23.77)	71.85
MIMI	9.03	(3.81)	0.00	(1.22)	0.00	0.00	13.04	(18.75)	96.53
TUSK	2.56	(0.28)	0.00	(4.61)	0.00	0.00	4.37	(4.84)	27.95
HURC	1.36	(0.21)	0.00	(1.48)	0.00	0.00	2.49	(3.06)	8.94

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