Endesa SA Correlations

ENA Stock

EUR 31.92 0.66 2.11%

The current 90-days correlation between Endesa SA and Wheaton Precious Metals is 0.11 (i.e., Average diversification). The correlation of Endesa 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.

Endesa SA Correlation With Market

Good diversification

The correlation between Endesa SA and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Endesa SA and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Endesa 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 Endesa 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 Endesa 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 Endesa SA to buy it.

Moving against Endesa Stock

0.46	MUM	Mensch und Maschine	Pair Corr
0.48	MUM	Mensch und Maschine	Pair Corr
0.39	WAC	Wacker Neuson SE	Pair Corr
0.35	5P8	Blue Foundry Bancorp Earnings Call This Week	Pair Corr

Related Correlations Analysis

	SII	FVJ	3YT	NCYD	6F1	TGE1	GS2C	PX0	1RNA	W25
SII		0.7	0.19	0.82	0.78	0.9	0.21	0.58	0.76	0.8	SII
FVJ	0.7		0.36	0.64	0.9	0.63	0.17	0.33	0.67	0.31	FVJ
3YT	0.19	0.36		0.05	0.19	0.09	0.56	-0.02	0.24	-0.05	3YT
NCYD	0.82	0.64	0.05		0.81	0.91	0.15	0.56	0.75	0.71	NCYD
6F1	0.78	0.9	0.19	0.81		0.79	0.09	0.4	0.75	0.5	6F1
TGE1	0.9	0.63	0.09	0.91	0.79		0.25	0.6	0.78	0.85	TGE1
GS2C	0.21	0.17	0.56	0.15	0.09	0.25		0.09	0.33	0.16	GS2C
PX0	0.58	0.33	-0.02	0.56	0.4	0.6	0.09		0.49	0.63	PX0
1RNA	0.76	0.67	0.24	0.75	0.75	0.78	0.33	0.49		0.61	1RNA
W25	0.8	0.31	-0.05	0.71	0.5	0.85	0.16	0.63	0.61		W25
	SII	FVJ	3YT	NCYD	6F1	TGE1	GS2C	PX0	1RNA	W25

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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

TGE1	+ 0.91	NCYD
TGE1	+ 0.9	SII
6F1	+ 0.9	FVJ
W25	+ 0.85	TGE1
NCYD	+ 0.82	SII
6F1	+ 0.81	NCYD

High negative correlations

W25	- 0.05	3YT
PX0	- 0.02	3YT

Risk-Adjusted Indicators

There is a big difference between Endesa Stock performing well and Endesa 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 Endesa 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	1.87	0.47	0.16	1.67	2.17	(2.00)	4.09	(2.96)	15.45
FVJ	1.35	0.03	0.01	0.12	1.64	(1.41)	2.92	(3.04)	7.61
3YT	1.15	0.10	0.00	(0.30)	1.23	(1.68)	2.88	(2.14)	9.16
NCYD	0.52	0.05	(0.02)	0.48	0.76	(0.81)	1.61	(1.46)	6.07
6F1	1.59	0.31	0.15	0.60	1.62	(1.73)	3.60	(2.86)	6.89
TGE1	1.06	0.31	0.17	1.64	1.07	(1.14)	3.04	(2.01)	7.09
GS2C	2.00	0.14	0.03	1.32	2.24	(2.28)	4.17	(3.61)	18.00
PX0	9.03	0.94	0.07	2.03	9.83	(15.17)	13.33	(14.29)	140.63
1RNA	47.25	22.31	0.62	(0.89)	20.26	(81.46)	50.00	(33.33)	838.03
W25	2.45	0.29	0.03	(0.41)	3.44	(3.76)	6.67	(6.51)	14.34

Be your own money manager

Our tools can tell you how much better you can do entering a position in Endesa 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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Endesa SA Corporate Management

Elected by the shareholders, the Endesa SA's board of directors comprises two types of representatives: Endesa SA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Endesa. The board's role is to monitor Endesa SA's management team and ensure that shareholders' interests are well served. Endesa 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, Endesa SA's outside directors are responsible for providing unbiased perspectives on the board's policies.

Ignacio Soler	Gen Communication	Profile
Maria Marquina	General Communication	Profile
Luca Passa	F Admin	Profile
Arturo FernndezCuevas	Head B2B	Profile
Jose Galvez	CEO Director	Profile
Marco Palermo	Finance Administration	Profile

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