Ellomay Capital Correlations

ELLO Stock

USD 17.81 0.03 0.17%

The current 90-days correlation between Ellomay Capital and G Willi Food International is -0.19 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ellomay Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ellomay Capital moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Ellomay Capital Correlation With Market

Good diversification

The correlation between Ellomay Capital and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ellomay Capital and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Ellomay Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ellomay Capital. 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 economic analysis.

To learn how to invest in Ellomay Stock, please use our How to Invest in Ellomay Capital guide.

Moving together with Ellomay Stock

0.78	ENLT	Enlight Renewable Energy	Pair Corr
0.67	ORA	Ormat Technologies	Pair Corr
0.65	RNW	Renew Energy Global	Pair Corr
0.66	BEP-PA	Brookfield Renewable Earnings Call Next Week	Pair Corr
0.64	BEPC	Brookfield Renewable Corp	Pair Corr
0.61	CMS-PB	Consumers Energy	Pair Corr
0.84	CMS-PC	CMS Energy	Pair Corr
0.62	CDZIP	Cadiz Depositary Shares	Pair Corr

Moving against Ellomay Stock

0.69	NXXT	NextNRG Symbol Change	Pair Corr
0.63	ALCE	Alternus Energy Group	Pair Corr
0.61	HTOO	Fusion Fuel Green Trending	Pair Corr
0.49	CREG	Smart Powerr Corp	Pair Corr
0.43	ADN	Advent Technologies	Pair Corr
0.42	BNRG	Brenmiller Energy	Pair Corr
0.36	EBR	Centrais Electricas	Pair Corr
0.33	VGASW	Verde Clean Fuels	Pair Corr
0.33	SAFX	XCF Global, Class	Pair Corr
0.32	ADNWW	Advent Technologies	Pair Corr
0.32	SUUN	SolarBank Common	Pair Corr
0.6	AWR	American States Water	Pair Corr
0.57	DUKB	Duke Energy Corp	Pair Corr
0.47	WTRG	Essential Utilities	Pair Corr
0.45	ED	Consolidated Edison	Pair Corr
0.39	BKH	Black Hills Earnings Call This Week	Pair Corr

Related Correlations Analysis

	ORA	EE	ENLT	HLGN	CWEN	WILC	TATT	EVI	ELMD
ORA		-0.04	0.94	0.0	0.9	0.94	-0.02	0.7	-0.6	ORA
EE	-0.04		-0.01	0.0	0.22	-0.19	-0.31	-0.25	-0.14	EE
ENLT	0.94	-0.01		0.0	0.88	0.95	0.11	0.73	-0.67	ENLT
HLGN	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	HLGN
CWEN	0.9	0.22	0.88	0.0		0.84	-0.18	0.57	-0.7	CWEN
WILC	0.94	-0.19	0.95	0.0	0.84		0.12	0.75	-0.64	WILC
TATT	-0.02	-0.31	0.11	0.0	-0.18	0.12		0.15	0.06	TATT
EVI	0.7	-0.25	0.73	0.0	0.57	0.75	0.15		-0.45	EVI
ELMD	-0.6	-0.14	-0.67	0.0	-0.7	-0.64	0.06	-0.45		ELMD
	ORA	EE	ENLT	HLGN	CWEN	WILC	TATT	EVI	ELMD

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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

WILC	+ 0.95	ENLT
ENLT	+ 0.94	ORA
WILC	+ 0.94	ORA
CWEN	+ 0.9	ORA
CWEN	+ 0.88	ENLT
WILC	+ 0.84	CWEN

High negative correlations

ELMD	- 0.7	CWEN
ELMD	- 0.67	ENLT
ELMD	- 0.64	WILC
ELMD	- 0.6	ORA
ELMD	- 0.45	EVI
TATT	- 0.31	EE

Risk-Adjusted Indicators

There is a big difference between Ellomay Stock performing well and Ellomay Capital 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 Ellomay Capital'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
ORA	1.15	0.26	0.14	0.74	0.72	(1.35)	2.91	(1.44)	7.50
EE	1.64	(0.14)	0.00	(0.37)	0.00	0.00	3.38	(3.23)	14.99
ENLT	2.14	0.67	0.30	0.91	1.70	(2.59)	5.39	(3.15)	11.27
HLGN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CWEN	1.24	0.04	(0.01)	0.26	1.54	(1.35)	2.56	(2.33)	7.10
WILC	1.83	0.31	0.14	0.55	1.78	(2.01)	4.93	(2.97)	9.69
TATT	2.45	0.25	0.06	0.57	3.05	(2.68)	6.75	(5.43)	21.42
EVI	2.79	0.39	0.14	0.57	2.35	(3.43)	7.13	(4.54)	16.57
ELMD	2.06	(0.50)	0.00	(0.17)	0.00	0.00	3.34	(5.49)	17.42

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