Envipco Holding Correlations
The current 90-days correlation between Envipco Holding NV and Arctic Bioscience AS is -0.07 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Envipco Holding moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Envipco Holding NV moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Envipco |
The ability to find closely correlated positions to Envipco Holding could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Envipco Holding 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 Envipco Holding - 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 Envipco Holding NV to buy it.
Moving together with Envipco Stock
| 0.8 | AUTO | AutoStore Holdings | PairCorr |
| 0.65 | EQNR | Equinor ASA Earnings Call Today | PairCorr |
| 0.65 | VAR | Var Energi ASA | PairCorr |
| 0.66 | NEL | Nel ASA | PairCorr |
| 0.62 | SBX | SeaBird Exploration Plc | PairCorr |
Moving against Envipco Stock
Related Correlations Analysis
| -0.22 | 0.1 | -0.2 | -0.23 | ABS | ||
| -0.22 | -0.54 | 0.44 | 0.33 | ADS | ||
| 0.1 | -0.54 | -0.74 | -0.18 | AFISH | ||
| -0.2 | 0.44 | -0.74 | 0.35 | INSTA | ||
| -0.23 | 0.33 | -0.18 | 0.35 | PYRUM | ||
| 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
|
Risk-Adjusted Indicators
There is a big difference between Envipco Stock performing well and Envipco Holding 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 Envipco Holding'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ABS | 6.01 | 0.04 | 0.00 | 0.13 | 0.00 | 14.58 | 53.95 | |||
| ADS | 1.77 | 0.18 | 0.00 | (11.65) | 2.21 | 4.85 | 13.82 | |||
| AFISH | 3.42 | (0.38) | 0.00 | (1.82) | 0.00 | 7.84 | 26.63 | |||
| INSTA | 1.00 | 0.31 | 0.12 | (10.42) | 0.74 | 2.08 | 6.34 | |||
| PYRUM | 1.72 | 0.15 | 0.00 | 1.12 | 2.25 | 4.18 | 12.72 |
Envipco Holding Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Envipco Holding stock to make a market-neutral strategy. Peer analysis of Envipco Holding could also be used in its relative valuation, which is a method of valuing Envipco Holding by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Envipco Holding Corporate Management
Elected by the shareholders, the Envipco Holding's board of directors comprises two types of representatives: Envipco Holding inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Envipco. The board's role is to monitor Envipco Holding's management team and ensure that shareholders' interests are well served. Envipco Holding's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Envipco Holding's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Simon Bolton | CEO Director | Profile | |
| HJ Visser | Group Sec | Profile | |
| Spencer Roberts | Managing UK | Profile | |
| Robert Lincoln | Pres COO | Profile | |
| Dilraj Chawla | Chief EPC | Profile | |
| Bogdan Purcherea | Managing Romania | Profile | |
| Yann Massy | MD East | Profile |