Enerpac Tool Correlations

EPAC Stock

USD 43.02 1.11 2.65%

The current 90-days correlation between Enerpac Tool Group and Power Solutions International is 0.25 (i.e., Modest diversification). The correlation of Enerpac Tool 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.

Enerpac Tool Correlation With Market

Very poor diversification

The correlation between Enerpac Tool Group and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Enerpac Tool Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Enerpac Stock

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

Moving together with Enerpac Stock

0.61	0ACC	Accelleron Industries	Pair Corr
0.73	FUCA	FANUC PUNSPADR 110	Pair Corr
0.67	CR	Crane Company	Pair Corr
0.74	HI	Hillenbrand	Pair Corr
0.72	HY	Hyster Yale Materials	Pair Corr
0.84	IR	Ingersoll Rand	Pair Corr
0.85	PH	Parker Hannifin	Pair Corr
0.69	PL	Planet Labs PBC	Pair Corr
0.79	OSG	OSG Corporation	Pair Corr
0.73	21T	Bodycote PLC	Pair Corr
0.7	NVJP	Umicore SA Earnings Call This Week	Pair Corr
0.68	EAAS	Eenergy Group PLC	Pair Corr
0.81	IMI1	IMI plc	Pair Corr
0.67	CE3	Chongqing Machinery	Pair Corr
0.79	HZ8	Insteel Industries	Pair Corr
0.72	DZR	AVINGTRANS LS 05 Earnings Call Next Week	Pair Corr
0.76	TWN	Twin Disc	Pair Corr
0.75	NDX1	Nordex SE	Pair Corr
0.8	PFV	Pfeiffer Vacuum Tech	Pair Corr

Moving against Enerpac Stock

0.69	FQ4	OCEAN GEOLOOP AS	Pair Corr
0.55	INRN	Interroll Holding	Pair Corr
0.45	D7G	Nel ASA	Pair Corr
0.31	WATR	Current Water Techno	Pair Corr
0.67	EPOW	Sunrise New Energy	Pair Corr
0.62	7YA	M VEST WATER	Pair Corr

Related Correlations Analysis

	PSIX	HI	ALG	XMTR	TRN	HLIO	HUBG	ATKR	REVG	DXPE
PSIX		0.86	0.91	0.36	0.81	0.91	0.53	0.61	0.77	0.91	PSIX
HI	0.86		0.92	0.33	0.79	0.87	0.81	0.64	0.82	0.92	HI
ALG	0.91	0.92		0.35	0.82	0.97	0.67	0.66	0.87	0.95	ALG
XMTR	0.36	0.33	0.35		0.1	0.26	0.32	0.31	0.48	0.37	XMTR
TRN	0.81	0.79	0.82	0.1		0.81	0.46	0.29	0.56	0.82	TRN
HLIO	0.91	0.87	0.97	0.26	0.81		0.6	0.66	0.83	0.94	HLIO
HUBG	0.53	0.81	0.67	0.32	0.46	0.6		0.67	0.67	0.68	HUBG
ATKR	0.61	0.64	0.66	0.31	0.29	0.66	0.67		0.69	0.59	ATKR
REVG	0.77	0.82	0.87	0.48	0.56	0.83	0.67	0.69		0.85	REVG
DXPE	0.91	0.92	0.95	0.37	0.82	0.94	0.68	0.59	0.85		DXPE
	PSIX	HI	ALG	XMTR	TRN	HLIO	HUBG	ATKR	REVG	DXPE

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Risk-Adjusted Indicators

There is a big difference between Enerpac Stock performing well and Enerpac Tool 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 Enerpac Tool'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
PSIX	4.07	0.60	0.17	0.29	3.74	(5.07)	7.99	(5.74)	22.75
HI	0.10	0.02	(0.30)	0.83	0.00	(0.14)	0.25	(0.19)	0.89
ALG	1.20	0.31	0.27	0.35	0.87	(1.46)	2.81	(1.94)	8.89
XMTR	3.35	(0.33)	0.00	(0.07)	0.00	0.00	5.53	(8.22)	24.30
TRN	1.39	0.47	0.29	1.20	0.98	(1.64)	3.00	(1.96)	13.36
HLIO	1.70	0.43	0.26	0.32	1.36	(1.94)	3.90	(2.76)	9.43
HUBG	1.67	0.19	0.04	0.68	3.64	(1.67)	4.32	(2.00)	22.86
ATKR	1.75	(0.05)	0.00	0.03	2.90	(1.82)	3.57	(3.41)	15.11
REVG	1.67	0.07	0.01	0.70	2.49	(1.70)	3.47	(3.10)	10.23
DXPE	2.30	0.50	0.17	0.29	2.94	(2.56)	4.74	(3.76)	14.41

Enerpac Tool Corporate Management

J Clarkson	Independent Director	Profile
Lynn Minella	Independent Director	Profile
Richard Roman	VP Treasurer	Profile
Patrick Dawson	Corporate Controller	Profile

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