Enerpac Tool Correlations
| EPAC Stock | USD 38.36 0.20 0.52% |
The current 90-days correlation between Enerpac Tool Group and Twin Disc Incorporated is 0.2 (i.e., Modest diversification). The correlation of Enerpac Tool 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.
Enerpac Tool Correlation With Market
Very weak diversification
The correlation between Enerpac Tool Group and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Enerpac Tool Group and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Enerpac Stock
| 0.61 | RR | Richtech Robotics Class Aggressive Push | PairCorr |
Moving against Enerpac Stock
| 0.54 | CVV | CVD Equipment | PairCorr |
| 0.35 | FELE | Franklin Electric Earnings Call Tomorrow | PairCorr |
| 0.34 | HI | Hillenbrand | PairCorr |
| 0.34 | CYD | China Yuchai Interna | PairCorr |
| 0.44 | SYM | Symbotic | PairCorr |
Related Correlations Analysis
| -0.82 | 0.11 | -0.41 | 0.76 | -0.38 | TWIN | ||
| -0.82 | -0.1 | 0.43 | -0.73 | 0.27 | CETY | ||
| 0.11 | -0.1 | 0.36 | 0.0 | 0.3 | SOBR | ||
| -0.41 | 0.43 | 0.36 | -0.42 | 0.61 | SUNE | ||
| 0.76 | -0.73 | 0.0 | -0.42 | -0.37 | ILAG | ||
| -0.38 | 0.27 | 0.3 | 0.61 | -0.37 | BIAF | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Enerpac Stock performing well and Enerpac Tool 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 Enerpac Tool'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TWIN | 2.48 | 0.19 | 0.09 | 0.26 | 2.46 | 5.12 | 13.69 | |||
| CETY | 3.76 | (0.66) | 0.00 | 3.49 | 0.00 | 7.69 | 35.00 | |||
| SOBR | 4.99 | (0.18) | (0.01) | 0.04 | 5.77 | 10.03 | 48.90 | |||
| SUNE | 5.52 | (1.53) | 0.00 | (0.34) | 0.00 | 8.81 | 95.05 | |||
| ILAG | 5.06 | 0.93 | 0.07 | (0.41) | 6.50 | 10.64 | 52.34 | |||
| BIAF | 8.11 | 0.26 | 0.01 | 1.86 | 10.02 | 17.24 | 65.80 |
Enerpac Tool Corporate Management
| J Clarkson | Independent Director | Profile | |
| Lynn Minella | Independent Director | Profile | |
| Richard Roman | VP Treasurer | Profile | |
| Patrick Dawson | Corporate Controller | Profile |