Enel Amricas Correlations
| ENELAM Stock | CLP 90.49 0.51 0.56% |
The current 90-days correlation between Enel Amricas SA and Empresas Copec SA is 0.29 (i.e., Modest diversification). The correlation of Enel Amricas 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.
Enel Amricas Correlation With Market
Significant diversification
The correlation between Enel Amricas SA and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Enel Amricas SA and DJI in the same portfolio, assuming nothing else is changed.
Enel |
The ability to find closely correlated positions to Enel Amricas could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enel Amricas 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 Enel Amricas - 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 Enel Amricas SA to buy it.
Moving together with Enel Stock
Moving against Enel Stock
Related Correlations Analysis
| 0.33 | 0.32 | 0.62 | 0.79 | ENELCHILE | ||
| 0.33 | 0.3 | 0.75 | 0.48 | COPEC | ||
| 0.32 | 0.3 | 0.33 | 0.47 | BSANTANDER | ||
| 0.62 | 0.75 | 0.33 | 0.72 | FALABELLA | ||
| 0.79 | 0.48 | 0.47 | 0.72 | CENCOSUD | ||
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Risk-Adjusted Indicators
There is a big difference between Enel Stock performing well and Enel Amricas 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 Enel Amricas' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ENELCHILE | 1.13 | 0.12 | (0.03) | (0.43) | 1.34 | 2.57 | 8.61 | |||
| COPEC | 1.10 | 0.01 | (0.10) | 0.00 | 1.21 | 2.58 | 5.96 | |||
| BSANTANDER | 0.78 | 0.01 | 0.00 | 0.10 | 0.00 | 1.24 | 3.97 | |||
| FALABELLA | 1.22 | 0.02 | (0.06) | 0.26 | 1.30 | 3.10 | 5.58 | |||
| CENCOSUD | 1.00 | 0.17 | 0.01 | (0.69) | 1.13 | 2.48 | 7.08 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Enel Amricas 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.Did you try this?
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Enel Amricas Corporate Management
Elected by the shareholders, the Enel Amricas' board of directors comprises two types of representatives: Enel Amricas inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Enel. The board's role is to monitor Enel Amricas' management team and ensure that shareholders' interests are well served. Enel Amricas' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Enel Amricas' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Liliana Hagedorn | People Mang | Profile | |
| Rafael Casarrubio | Head Relations | Profile | |
| Aurelio Oliveira | Planning CFO | Profile | |
| Carolina Hunting | Head Communications | Profile | |
| Domingo Prieto | Gen Sec | Profile | |
| Maurizio Bezzeccheri | Chief Officer | Profile | |
| Simone Tripepi | Head America | Profile |