Ensurge Micropower Correlations

ENMPY Stock

USD 0.30 0.03 11.11%

The current 90-days correlation between Ensurge Micropower ASA and Ouster Inc is 0.05 (i.e., Significant diversification). The correlation of Ensurge Micropower 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.

Ensurge Micropower Correlation With Market

Average diversification

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

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

Moving together with Ensurge OTC Stock

0.68

MRAAY

Murata Manufacturing Potential Growth

Pair Corr

Moving against Ensurge OTC Stock

0.72	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.69	GLW	Corning Incorporated	Pair Corr
0.69	NFLX	Netflix Sell-off Trend	Pair Corr
0.69	PLTR	Palantir Technologies	Pair Corr
0.68	FLEX	Flex	Pair Corr
0.67	KNTK	Kinetik Holdings	Pair Corr
0.67	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.65	APH	Amphenol Fiscal Year End 22nd of January 2025	Pair Corr
0.64	JBL	Jabil Circuit Earnings Call Tomorrow	Pair Corr
0.63	BBAI	BigBearai Holdings	Pair Corr
0.6	GOOD	Gladstone Commercial	Pair Corr
0.58	SOTGY	Sunny Optical Technology	Pair Corr
0.51	GOOG	Alphabet Class C Buyout Trend	Pair Corr
0.48	MMSI	Merit Medical Systems	Pair Corr
0.44	TEL	TE Connectivity	Pair Corr
0.39	PCGU	PGE Corp	Pair Corr
0.36	HNHPF	Hon Hai Precision	Pair Corr
0.31	SLMNP	A Schulman	Pair Corr
0.73	SOFI	SoFi Technologies	Pair Corr
0.71	IONQ	IONQ Inc	Pair Corr
0.7	FUND	Sprott Focus Trust	Pair Corr
0.69	ET	Energy Transfer LP	Pair Corr
0.69	MSTR	MicroStrategy Incorporated Aggressive Push	Pair Corr
0.68	LUNR	Intuitive Machines	Pair Corr
0.68	OPRA	Opera	Pair Corr
0.68	CRS	Carpenter Technology	Pair Corr
0.67	GLBE	Global E Online	Pair Corr
0.64	RUM	Rumble Inc Tech Boost	Pair Corr
0.63	AVTE	Aerovate Therapeutics	Pair Corr
0.62	BFLY	Butterfly Network Upward Rally	Pair Corr
0.61	APLD	Applied Blockchain	Pair Corr
0.6	SOUN	SoundHound AI Trending	Pair Corr
0.54	INMD	InMode	Pair Corr

Related Correlations Analysis

	OUST	KOPN	VICR	FN	NEON	WBX	MMAT	GLW	KULR	JBL
OUST		0.66	0.87	0.23	-0.5	-0.89	-0.79	0.8	0.69	0.79	OUST
KOPN	0.66		0.53	-0.29	-0.28	-0.65	-0.52	0.44	0.85	0.38	KOPN
VICR	0.87	0.53		0.31	-0.58	-0.88	-0.89	0.87	0.6	0.9	VICR
FN	0.23	-0.29	0.31		-0.21	-0.13	-0.18	0.47	-0.09	0.51	FN
NEON	-0.5	-0.28	-0.58	-0.21		0.53	0.53	-0.37	-0.18	-0.49	NEON
WBX	-0.89	-0.65	-0.88	-0.13	0.53		0.88	-0.85	-0.67	-0.82	WBX
MMAT	-0.79	-0.52	-0.89	-0.18	0.53	0.88		-0.84	-0.54	-0.79	MMAT
GLW	0.8	0.44	0.87	0.47	-0.37	-0.85	-0.84		0.6	0.93	GLW
KULR	0.69	0.85	0.6	-0.09	-0.18	-0.67	-0.54	0.6		0.56	KULR
JBL	0.79	0.38	0.9	0.51	-0.49	-0.82	-0.79	0.93	0.56		JBL
	OUST	KOPN	VICR	FN	NEON	WBX	MMAT	GLW	KULR	JBL

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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

JBL	+ 0.93	GLW
JBL	+ 0.9	VICR
MMAT	+ 0.88	WBX
VICR	+ 0.87	OUST
GLW	+ 0.87	VICR
KULR	+ 0.85	KOPN

High negative correlations

MMAT	- 0.89	VICR
WBX	- 0.89	OUST
WBX	- 0.88	VICR
GLW	- 0.85	WBX
GLW	- 0.84	MMAT
JBL	- 0.82	WBX

Risk-Adjusted Indicators

There is a big difference between Ensurge OTC Stock performing well and Ensurge Micropower OTC Stock 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 Ensurge Micropower'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
OUST	3.86	0.50	0.20	0.27	3.32	(4.69)	8.47	(5.56)	39.43
KOPN	4.01	0.62	0.07	1.61	6.94	(4.81)	9.72	(6.25)	43.13
VICR	2.71	0.51	0.22	0.36	2.17	(3.20)	8.87	(3.82)	21.20
FN	2.40	(0.01)	0.03	0.11	3.02	(2.60)	4.68	(4.46)	16.19
NEON	5.44	0.28	0.05	0.33	6.24	(6.04)	12.59	(10.58)	52.74
WBX	3.42	(1.18)	0.00	(0.59)	0.00	0.00	8.26	(7.37)	23.81
MMAT	16.33	0.38	0.02	0.23	23.14	(39.23)	30.43	(54.00)	311.31
GLW	1.04	0.15	0.11	0.27	1.10	(1.14)	2.02	(2.12)	7.57
KULR	8.11	2.87	0.39	0.91	5.46	(13.55)	21.55	(7.81)	93.54
JBL	1.28	0.22	0.26	0.26	0.77	(1.64)	2.80	(1.93)	15.06

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Our tools can tell you how much better you can do entering a position in Ensurge Micropower 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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Ensurge Micropower Corporate Management

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

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