Enstar Group Correlations
| ESGRPDelisted Preferred Stock | USD 20.48 0.33 1.64% |
The correlation of Enstar Group 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.
Enstar Group Correlation With Market
Very weak diversification
The correlation between Enstar Group and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Enstar Group and DJI in the same portfolio, assuming nothing else is changed.
Enstar |
The ability to find closely correlated positions to Enstar Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enstar Group 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 Enstar Group - 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 Enstar Group to buy it.
Moving against Enstar Preferred Stock
Related Correlations Analysis
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Enstar Preferred Stock performing well and Enstar Group 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 Enstar Group'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ATH | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| RJF | 1.25 | (0.09) | (0.03) | 0.01 | 2.07 | 2.28 | 11.78 | |||
| OBDC | 1.24 | (0.16) | 0.00 | (0.09) | 0.00 | 2.44 | 8.33 | |||
| ATCO | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BXS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FLG | 1.56 | 0.09 | 0.06 | 0.15 | 1.70 | 4.62 | 10.95 | |||
| BNRE | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AEL | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| VTIQ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Enstar Group Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Enstar Group preferred stock to make a market-neutral strategy. Peer analysis of Enstar Group could also be used in its relative valuation, which is a method of valuing Enstar Group by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Enstar Group Corporate Management
| Michael Murphy | Principal Officer | Profile | |
| Audrey Taranto | Group Sec | Profile | |
| Nazar Alobaidat | Chief Officer | Profile | |
| David Ni | Chief Officer | Profile | |
| Laurence Plumb | Deputy Operations | Profile |
Still Interested in Enstar Group?
Investing in delisted delisted preferred stocks can be risky, as the preferred stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.