ENN Energy Correlations

XGH Stock

EUR 7.00 0.10 1.45%

The current 90-days correlation between ENN Energy Holdings and SBA Communications Corp is -0.37 (i.e., Very good diversification). The correlation of ENN Energy 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.

ENN Energy Correlation With Market

Significant diversification

The correlation between ENN Energy Holdings and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ENN Energy Holdings and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to ENN Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ENN Energy 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 ENN Energy - 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 ENN Energy Holdings to buy it.

Moving against ENN Stock

0.6	HHX	HAMMONIA Schiffsholding	Pair Corr
0.4	EDJ	CALTAGIRONE EDITORE	Pair Corr
0.36	E908	Lyxor 1	Pair Corr
0.34	LGX1	China Resources Gas	Pair Corr

Related Correlations Analysis

	B7O	4SB	CHWD	YRB	AP2	B7O	ZCH	E5M
B7O		0.27	0.77	0.77	0.61	0.83	0.0	0.41	B7O
4SB	0.27		-0.05	0.07	-0.13	0.19	0.0	-0.24	4SB
CHWD	0.77	-0.05		0.76	0.82	0.76	0.0	0.71	CHWD
YRB	0.77	0.07	0.76		0.73	0.65	0.0	0.56	YRB
AP2	0.61	-0.13	0.82	0.73		0.62	0.0	0.89	AP2
B7O	0.83	0.19	0.76	0.65	0.62		0.0	0.44	B7O
ZCH	0.0	0.0	0.0	0.0	0.0	0.0		0.0	ZCH
E5M	0.41	-0.24	0.71	0.56	0.89	0.44	0.0		E5M
	B7O	4SB	CHWD	YRB	AP2	B7O	ZCH	E5M

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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

E5M	+ 0.89	AP2
B7O	+ 0.83	B7O
AP2	+ 0.82	CHWD
CHWD	+ 0.77	B7O
YRB	+ 0.77	B7O
YRB	+ 0.76	CHWD

High negative correlations

E5M	- 0.24	4SB
AP2	- 0.13	4SB
CHWD	- 0.05	4SB
E5M	- 0.0	ZCH
ZCH	- 0.0	B7O
ZCH	- 0.0	AP2

Risk-Adjusted Indicators

There is a big difference between ENN Stock performing well and ENN Energy 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 ENN Energy'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
B7O	1.45	0.12	0.03	0.04	2.25	(4.61)	4.17	(3.85)	19.11
4SB	1.74	0.12	0.11	(0.33)	2.67	(1.89)	2.90	(2.51)	22.57
CHWD	1.20	0.01	0.00	(0.10)	0.00	0.00	2.34	(2.29)	10.14
YRB	1.87	(0.04)	0.00	(0.18)	0.00	0.00	3.35	(5.36)	14.37
AP2	2.43	(0.26)	0.00	(1.05)	0.00	0.00	4.86	(5.47)	13.75
B7O	3.05	0.10	0.04	2.11	3.42	(6.50)	7.69	(7.14)	20.39
ZCH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
E5M	2.22	(0.24)	0.00	(0.81)	0.00	0.00	4.23	(4.88)	11.15

Be your own money manager

Our tools can tell you how much better you can do entering a position in ENN Energy 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.

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ENN Energy Corporate Management

Elected by the shareholders, the ENN Energy's board of directors comprises two types of representatives: ENN Energy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ENN. The board's role is to monitor ENN Energy's management team and ensure that shareholders' interests are well served. ENN Energy'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, ENN Energy's outside directors are responsible for providing unbiased perspectives on the board's policies.

Nini Mu	Financial Controller	Profile
Yusuo Wang	CoFounder Chairman	Profile
Jin Zhang	Chief Officer	Profile
Li Su	VP	Profile
Xiaojing Wu	Pres Director	Profile
Hongtao Zheng	Ex Chairman	Profile
Zhenping Huang	Chief Officer	Profile

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