Enerflex Correlations

EFXT Stock

USD 13.31 0.35 2.70%

The current 90-days correlation between Enerflex and Now Inc is 0.21 (i.e., Modest diversification). The correlation of Enerflex 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Enerflex Correlation With Market

Weak diversification

The correlation between Enerflex and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Enerflex and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Enerflex Stock

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

For more information on how to buy Enerflex Stock please use our How to Invest in Enerflex guide.

Moving together with Enerflex Stock

0.75	SD	SandRidge Energy	Pair Corr
0.62	VIST	Vista Oil Gas	Pair Corr
0.93	600938	CNOOC Limited	Pair Corr
0.79	PSK	PrairieSky Royalty	Pair Corr
0.67	ERHE	ERHC Energy	Pair Corr
0.85	BSM	Black Stone Minerals	Pair Corr
0.68	BTE	Baytex Energy Corp Trending	Pair Corr
0.61	CNQ	Canadian Natural Res	Pair Corr
0.9	CNX	CNX Resources Corp Sell-off Trend	Pair Corr
0.79	CRK	Comstock Resources	Pair Corr
0.71	EQT	EQT Corporation	Pair Corr
0.84	EXE	Expand Energy	Pair Corr

Moving against Enerflex Stock

0.86	EP	Empire Petroleum Corp	Pair Corr
0.85	SM	SM Energy	Pair Corr
0.83	VIVK	Vivakor	Pair Corr
0.72	VG	Venture Global,	Pair Corr
0.66	AXP	AXP Energy Split	Pair Corr
0.64	EW	East West Petroleum Earnings Call This Week	Pair Corr
0.62	JGH	Jade Gas Holdings	Pair Corr
0.4	PR	Permian Resources Aggressive Push	Pair Corr
0.87	HPK	Highpeak Energy Acqu	Pair Corr
0.76	EOG	EOG Resources	Pair Corr
0.73	EPM	Evolution Petroleum	Pair Corr
0.69	KOS	Kosmos Energy	Pair Corr
0.57	DEC	Diversified Energy	Pair Corr
0.38	GBR	New Concept Energy	Pair Corr
0.36	KRP	Kimbell Royalty Partners	Pair Corr

Related Correlations Analysis

	DNOW	XPRO	INVX	FLOC	AESI	GLP	VTOL	NESR	FLNG	BTE
DNOW		-0.37	-0.52	-0.15	0.64	0.77	-0.19	-0.56	0.03	-0.51	DNOW
XPRO	-0.37		0.87	0.36	-0.19	-0.64	0.57	0.89	0.43	0.53	XPRO
INVX	-0.52	0.87		0.31	-0.2	-0.77	0.42	0.88	0.28	0.61	INVX
FLOC	-0.15	0.36	0.31		0.02	-0.01	0.24	0.29	0.56	0.27	FLOC
AESI	0.64	-0.19	-0.2	0.02		0.37	0.0	-0.33	0.03	-0.47	AESI
GLP	0.77	-0.64	-0.77	-0.01	0.37		-0.28	-0.72	0.01	-0.49	GLP
VTOL	-0.19	0.57	0.42	0.24	0.0	-0.28		0.43	0.15	0.0	VTOL
NESR	-0.56	0.89	0.88	0.29	-0.33	-0.72	0.43		0.29	0.68	NESR
FLNG	0.03	0.43	0.28	0.56	0.03	0.01	0.15	0.29		0.22	FLNG
BTE	-0.51	0.53	0.61	0.27	-0.47	-0.49	0.0	0.68	0.22		BTE
	DNOW	XPRO	INVX	FLOC	AESI	GLP	VTOL	NESR	FLNG	BTE

Please upgrade your account to get full access to Macroaxis premium features

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

NESR	+ 0.89	XPRO
NESR	+ 0.88	INVX
INVX	+ 0.87	XPRO
GLP	+ 0.77	DNOW
BTE	+ 0.68	NESR
AESI	+ 0.64	DNOW

High negative correlations

GLP	- 0.77	INVX
NESR	- 0.72	GLP
GLP	- 0.64	XPRO
NESR	- 0.56	DNOW
INVX	- 0.52	DNOW
BTE	- 0.51	DNOW

Risk-Adjusted Indicators

There is a big difference between Enerflex Stock performing well and Enerflex 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 Enerflex'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
DNOW	1.56	(0.35)	0.00	(0.16)	0.00	0.00	2.85	(4.02)	12.13
XPRO	2.20	0.30	0.13	0.24	2.34	(2.38)	5.44	(3.45)	12.88
INVX	2.06	0.43	0.19	0.55	1.87	(2.28)	4.81	(2.95)	10.71
FLOC	2.39	(0.04)	0.01	0.05	3.12	(2.34)	3.66	(4.45)	23.77
AESI	2.73	(0.33)	0.00	(0.31)	0.00	0.00	4.79	(4.57)	32.91
GLP	1.23	(0.22)	0.00	(1.32)	0.00	0.00	2.60	(2.38)	8.47
VTOL	1.60	0.03	0.00	0.16	2.16	(1.57)	2.57	(3.37)	12.30
NESR	2.11	1.08	0.46	5.66	1.39	(2.60)	6.67	(2.21)	22.01
FLNG	1.19	0.05	0.00	0.21	1.48	(1.31)	2.51	(2.08)	9.20
BTE	2.59	0.67	0.20	0.74	2.48	(3.17)	6.61	(4.02)	19.19

Enerflex Corporate Management

Benjamin CPA	VP Controller	Profile
Jeffrey CFA	Vice Relations	Profile
Stefan Ali	Risk Strategy	Profile
David Izett	Senior Counsel	Profile
Patricia Martinez	Chief Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC