ENEL Societa Correlations
| ENLAY Stock | USD 6.98 0.09 1.27% |
The current 90-days correlation between ENEL Societa per and American Water Works is 0.31 (i.e., Weak diversification). The correlation of ENEL Societa 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.
ENEL Societa Correlation With Market
Good diversification
The correlation between ENEL Societa per and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ENEL Societa per and DJI in the same portfolio, assuming nothing else is changed.
ENEL |
The ability to find closely correlated positions to ENEL Societa 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 Societa 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 Societa - 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 Societa per to buy it.
Moving together with ENEL Pink Sheet
| 0.87 | SOJE | Southern Company | PairCorr |
| 0.74 | SOJC | Southern | PairCorr |
| 0.72 | CMSA | CMS Energy Corp | PairCorr |
| 0.78 | DTW | DTE Energy | PairCorr |
| 0.83 | SJIV | South Jersey Industries | PairCorr |
| 0.77 | VLKAF | Volkswagen AG | PairCorr |
| 0.79 | VWAGY | Volkswagen AG 110 | PairCorr |
| 0.76 | VLKPF | Volkswagen AG VZO | PairCorr |
| 0.81 | VWAPY | Volkswagen AG Pref | PairCorr |
| 0.83 | DPSTF | Deutsche Post AG | PairCorr |
| 0.72 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.79 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
Moving against ENEL Pink Sheet
| 0.8 | NDAQ | Nasdaq Inc | PairCorr |
| 0.71 | WMT | Walmart Aggressive Push | PairCorr |
| 0.64 | TLN | Talen Energy | PairCorr |
| 0.63 | AMZN | Amazon Inc Aggressive Push | PairCorr |
| 0.33 | HNHPF | Hon Hai Precision | PairCorr |
| 0.86 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.84 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.79 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.79 | DIS | Walt Disney Aggressive Push | PairCorr |
| 0.61 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.52 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.48 | T | ATT Inc Aggressive Push | PairCorr |
| 0.32 | HD | Home Depot Sell-off Trend | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 ENEL Pink Sheet performing well and ENEL Societa 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 Societa'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AWK | 0.92 | (0.05) | 0.00 | (0.23) | 0.00 | 1.78 | 5.42 | |||
| MSEX | 1.42 | (0.05) | (0.02) | 0.07 | 1.64 | 3.16 | 10.55 | |||
| SJW | 1.12 | (0.09) | 0.00 | (0.14) | 0.00 | 1.94 | 6.24 | |||
| CWT | 0.99 | (0.13) | 0.00 | (0.11) | 0.00 | 1.88 | 6.56 | |||
| YORW | 0.98 | (0.12) | 0.00 | (0.22) | 0.00 | 2.07 | 6.17 | |||
| CWCO | 1.47 | (0.19) | 0.00 | (0.03) | 0.00 | 2.93 | 7.56 | |||
| AWR | 0.91 | 0.06 | (0.03) | 0.33 | 0.94 | 2.25 | 6.07 | |||
| WTRG | 0.90 | 0.00 | (0.07) | 0.13 | 1.13 | 1.88 | 6.96 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in ENEL Societa 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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Theme RatingsDetermine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance |
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ENEL Societa Corporate Management
| Giulio Fazio | Head of Legal and Corporate Affairs | Profile | |
| Claudio Machetti | Head of Group Risk Management Department | Profile | |
| Francesca Carlo | Head of Internal Audit Department | Profile | |
| Ernesto Ciorra | Head of Innovation and Sustainability | Profile | |
| Guido Stratta | Head Organisation | Profile |