Ennis Correlations

EBF Stock

USD 18.96 0.18 0.94%

The current 90-days correlation between Ennis Inc and Acco Brands is 0.46 (i.e., Very weak diversification). The correlation of Ennis 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.

Ennis Correlation With Market

Very weak diversification

The correlation between Ennis Inc and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ennis Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Ennis Stock

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

Moving together with Ennis Stock

0.82	FC	Franklin Covey	Pair Corr
0.78	KC	Kingsoft Cloud Holdings	Pair Corr
0.88	LZ	LegalZoom	Pair Corr
0.67	DLHC	DLH Holdings Corp	Pair Corr
0.79	VCIG	VCI Global Limited	Pair Corr
0.72	VLTO	Veralto Sell-off Trend	Pair Corr
0.61	HNI	HNI Corp	Pair Corr
0.67	PBI	Pitney Bowes	Pair Corr
0.67	INOD	Innodata	Pair Corr
0.79	LNZA	LanzaTech Global	Pair Corr
0.76	MATW	Matthews International	Pair Corr

Moving against Ennis Stock

0.7	NL	NL Industries Earnings Call This Week	Pair Corr
0.59	GFL	Gfl Environmental	Pair Corr
0.57	STN	Stantec	Pair Corr
0.46	HCSG	Healthcare Services	Pair Corr
0.44	ACU	Acme United	Pair Corr
0.44	DSS	DSS Inc Earnings Call This Week	Pair Corr
0.31	WNS	WNS Holdings	Pair Corr
0.79	PAGS	PagSeguro Digital	Pair Corr
0.43	ZONE	CleanCore Solutions	Pair Corr

Related Correlations Analysis

	HNI	ACCO	ACTG	SCS
HNI		0.81	0.87	0.87	HNI
ACCO	0.81		0.86	0.84	ACCO
ACTG	0.87	0.86		0.9	ACTG
SCS	0.87	0.84	0.9		SCS
	HNI	ACCO	ACTG	SCS

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Risk-Adjusted Indicators

There is a big difference between Ennis Stock performing well and Ennis 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 Ennis' 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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
HNI	1.50	0.10	(0.01)	3.19	(3.26)	10.66
ACCO	2.57	(0.26)	(0.35)	4.79	(5.72)	22.61
ACTG	2.11	(0.07)	(0.21)	3.78	(5.00)	17.30
SCS	1.86	0.01	(0.11)	4.06	(3.77)	12.83

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