Energa SA Correlations

EN2 Stock

EUR 4.69 0.05 1.05%

The current 90-days correlation between Energa SA and Dairy Farm International is 0.07 (i.e., Significant diversification). The correlation of Energa SA 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.

Energa SA Correlation With Market

Poor diversification

The correlation between Energa SA and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Energa SA and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Energa SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Energa SA 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 Energa SA - 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 Energa SA to buy it.

Moving together with Energa Stock

0.77	SII	Wheaton Precious Metals	Pair Corr
0.72	GLDA	Amundi Physical Gold	Pair Corr
0.72	RM8U	Royal Mint	Pair Corr
0.72	G40	GDS Holdings Limited	Pair Corr
0.67	ZNHH	China Southern Airlines	Pair Corr
0.64	IRV	Integra Resources Corp	Pair Corr
0.7	HKT	HK Electric Investments	Pair Corr
0.76	ASME	ASML Holding NV	Pair Corr
0.77	43C	CACTUS INC CLA	Pair Corr
0.73	1KT	Keysight Technologies	Pair Corr
0.76	SKNB	Skanska AB	Pair Corr
0.78	LA3A	Laureate Education Earnings Call This Week	Pair Corr
0.69	ADH2	Air Canada	Pair Corr
0.73	ELG	Elmos Semiconductor	Pair Corr
0.65	TWZ	Trican Well Service Earnings Call This Week	Pair Corr
0.66	UTDI	UNITED INTERNET N	Pair Corr
0.72	ADB	Adobe Inc	Pair Corr
0.8	RATV	Raisio plc	Pair Corr
0.83	DG1	DAWSON GEOPHYSICAL	Pair Corr
0.69	BAS	BASF SE	Pair Corr
0.64	TQI	TELECOM ITALIA	Pair Corr
0.72	BSI	BE Semiconductor Ind Earnings Call This Week	Pair Corr
0.67	6VD	BD MULTI MEDIA Split	Pair Corr
0.79	FPP0	ALTYNGOLD PLC LS	Pair Corr

Moving against Energa Stock

0.66	HX1A	PT Hexindo Adiperkasa	Pair Corr
0.61	OD7B	ETFS Coffee ETC	Pair Corr
0.49	KMY	Kimberly Clark	Pair Corr
0.44	SFTU	SoftBank Group Corp Split	Pair Corr
0.36	EFF	DTEFFWECHSEL BET Split	Pair Corr
0.34	B4N2	BENZIN (TR)	Pair Corr
0.78	DBPD	Xtrackers ShortDAX	Pair Corr
0.63	777	EUROSPORTS GLOBAL LTD	Pair Corr
0.41	8LU	TAURUS ENERGY AB	Pair Corr

Related Correlations Analysis

	SII	DFA1	H9W	VIS	169	WDC	52SA	MLP	EMD	K3E
SII		0.78	0.43	0.72	0.74	0.91	0.83	0.88	0.61	0.86	SII
DFA1	0.78		0.52	0.7	0.78	0.74	0.92	0.82	0.43	0.68	DFA1
H9W	0.43	0.52		0.5	0.58	0.55	0.37	0.47	0.24	0.57	H9W
VIS	0.72	0.7	0.5		0.61	0.63	0.67	0.76	0.56	0.64	VIS
169	0.74	0.78	0.58	0.61		0.83	0.72	0.81	0.57	0.86	169
WDC	0.91	0.74	0.55	0.63	0.83		0.75	0.86	0.59	0.91	WDC
52SA	0.83	0.92	0.37	0.67	0.72	0.75		0.86	0.46	0.68	52SA
MLP	0.88	0.82	0.47	0.76	0.81	0.86	0.86		0.58	0.8	MLP
EMD	0.61	0.43	0.24	0.56	0.57	0.59	0.46	0.58		0.72	EMD
K3E	0.86	0.68	0.57	0.64	0.86	0.91	0.68	0.8	0.72		K3E
	SII	DFA1	H9W	VIS	169	WDC	52SA	MLP	EMD	K3E

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Risk-Adjusted Indicators

There is a big difference between Energa Stock performing well and Energa SA 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 Energa SA'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
SII	2.02	0.57	0.19	1.43	2.25	(2.13)	4.43	(3.88)	15.45
DFA1	1.63	0.32	0.12	(0.72)	1.69	(1.94)	4.26	(2.87)	11.48
H9W	0.97	0.15	0.04	0.25	1.17	(2.88)	3.88	(2.75)	13.81
VIS	0.35	0.05	(0.02)	(0.45)	0.37	(0.83)	0.96	(1.11)	4.82
169	1.64	0.36	0.19	0.97	1.42	(2.02)	4.98	(2.27)	12.72
WDC	4.15	0.89	0.19	0.56	4.33	(4.62)	10.31	(8.14)	27.90
52SA	1.32	0.25	0.11	(0.85)	1.22	(1.74)	2.65	(2.33)	19.56
MLP	0.98	0.09	0.01	1.59	2.02	(0.98)	1.81	(1.87)	9.46
EMD	7.37	1.12	0.11	1.11	8.21	(10.92)	21.74	(17.54)	67.78
K3E	0.98	0.31	0.21	0.96	0.73	(1.18)	2.20	(2.28)	7.93

Be your own money manager

Our tools can tell you how much better you can do entering a position in Energa SA 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.

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Energa SA Corporate Management

Elected by the shareholders, the Energa SA's board of directors comprises two types of representatives: Energa SA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Energa. The board's role is to monitor Energa SA's management team and ensure that shareholders' interests are well served. Energa SA's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Energa SA's outside directors are responsible for providing unbiased perspectives on the board's policies.

Malgorzata GuzinskaBlonska	Deputy Accountant	Profile
Piotr Szymanek	Vice Board	Profile
Janusz Szurski	VP Affairs	Profile
Bartlomiej Bienkowski	Head Section	Profile
Agnieszka TerlikowskaKulesza	Member of the Supervisory Board	Profile

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