ENEOS Holdings Correlations

JHJ Stock

EUR 4.98 0.06 1.22%

The current 90-days correlation between ENEOS Holdings and MACOM Technology Solutions is 0.17 (i.e., Average diversification). The correlation of ENEOS Holdings 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.

ENEOS Holdings Correlation With Market

Significant diversification

The correlation between ENEOS Holdings and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ENEOS Holdings and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against ENEOS Stock

0.34

HO1

Hologic

Pair Corr

Related Correlations Analysis

	MTE	FUY	1MA	RZH	VHY	D2V	8D9
MTE		-0.35	0.72	-0.25	-0.11	0.69	0.52	MTE
FUY	-0.35		-0.69	-0.02	0.63	-0.42	-0.59	FUY
1MA	0.72	-0.69		0.17	-0.25	0.7	0.79	1MA
RZH	-0.25	-0.02	0.17		0.23	-0.1	0.23	RZH
VHY	-0.11	0.63	-0.25	0.23		-0.24	-0.3	VHY
D2V	0.69	-0.42	0.7	-0.1	-0.24		0.69	D2V
8D9	0.52	-0.59	0.79	0.23	-0.3	0.69		8D9
	MTE	FUY	1MA	RZH	VHY	D2V	8D9

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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

8D9	+ 0.79	1MA
1MA	+ 0.72	MTE
D2V	+ 0.7	1MA
D2V	+ 0.69	MTE
8D9	+ 0.69	D2V
VHY	+ 0.63	FUY

High negative correlations

1MA	- 0.69	FUY
8D9	- 0.59	FUY
D2V	- 0.42	FUY
FUY	- 0.35	MTE
8D9	- 0.3	VHY
VHY	- 0.25	1MA

Risk-Adjusted Indicators

There is a big difference between ENEOS Stock performing well and ENEOS Holdings 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 ENEOS Holdings' 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
MTE	2.34	0.13	0.00	(1.80)	2.89	(2.40)	4.81	(3.89)	18.79
FUY	1.16	0.00	(0.03)	0.12	1.69	(1.52)	1.92	(2.54)	12.14
1MA	2.06	0.28	0.10	0.42	2.22	(2.83)	5.17	(3.52)	17.49
RZH	2.20	0.28	0.03	(0.82)	2.68	(3.41)	6.36	(4.10)	21.53
VHY	1.71	0.00	(0.04)	0.14	1.87	(2.06)	3.29	(3.38)	13.48
D2V	1.14	0.10	(0.04)	(0.14)	1.56	(1.51)	1.68	(2.94)	19.66
8D9	1.14	0.13	0.01	0.56	1.45	(3.60)	3.70	(3.33)	11.11

Be your own money manager

Our tools can tell you how much better you can do entering a position in ENEOS Holdings 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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ENEOS Holdings Corporate Management

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

Yatabe Yasushi	Assistant VP	Profile
Hiroyuki Kimura	Managing Officer	Profile
Miyata Tomohide	Assistant VP	Profile
Hideki Shiina	CDO VP	Profile
Ota Katsuyuki	Chairman	Profile
Satoshi Taguchi	Managing Officer	Profile
Takeshi Saito	CEO Pres	Profile

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