Enfusion Correlations

Summary

ENFNDelisted Stock

USD 10.76 0.00 0.00%

The current 90-days correlation between Enfusion and E2open Parent Holdings is -0.01 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Enfusion moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enfusion moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Enfusion Correlation With Market

Average diversification

The correlation between Enfusion and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Enfusion and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Enfusion Stock

0.61	WMT	Walmart Common Stock	Pair Corr
0.55	LNDNF	Lundin Energy AB	Pair Corr
0.55	MCD	McDonalds	Pair Corr
0.43	AA	Alcoa Corp	Pair Corr
0.4	JNJ	Johnson Johnson	Pair Corr
0.39	TRV	The Travelers Companies	Pair Corr
0.38	MRK	Merck Company Aggressive Push	Pair Corr
0.35	BAC	Bank of America	Pair Corr
0.35	XOM	Exxon Mobil Corp	Pair Corr
0.34	VZ	Verizon Communications	Pair Corr

Related Correlations Analysis

	ETWO	ML	VERB	CLBT	MODN	AVPT	WKME	PENG	MKFG
ETWO		0.03	0.49	-0.3	0.0	-0.75	0.0	-0.79	0.31	ETWO
ML	0.03		0.14	-0.4	0.0	-0.27	0.0	-0.18	-0.11	ML
VERB	0.49	0.14		-0.18	0.0	-0.75	0.0	-0.6	0.67	VERB
CLBT	-0.3	-0.4	-0.18		0.0	0.47	0.0	0.23	0.12	CLBT
MODN	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	MODN
AVPT	-0.75	-0.27	-0.75	0.47	0.0		0.0	0.8	-0.47	AVPT
WKME	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	WKME
PENG	-0.79	-0.18	-0.6	0.23	0.0	0.8	0.0		-0.45	PENG
MKFG	0.31	-0.11	0.67	0.12	0.0	-0.47	0.0	-0.45		MKFG
	ETWO	ML	VERB	CLBT	MODN	AVPT	WKME	PENG	MKFG

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

PENG	+ 0.8	AVPT
MKFG	+ 0.67	VERB
VERB	+ 0.49	ETWO
AVPT	+ 0.47	CLBT
MKFG	+ 0.31	ETWO
PENG	+ 0.23	CLBT

High negative correlations

PENG	- 0.79	ETWO
AVPT	- 0.75	VERB
AVPT	- 0.75	ETWO
PENG	- 0.6	VERB
MKFG	- 0.47	AVPT
MKFG	- 0.45	PENG

Risk-Adjusted Indicators

There is a big difference between Enfusion Stock performing well and Enfusion 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 Enfusion'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
ETWO	2.00	0.75	0.31	3.84	1.06	(3.33)	4.93	(3.02)	26.87
ML	0.43	0.00	(0.10)	0.00	0.57	(0.43)	0.68	(0.86)	2.27
VERB	7.38	1.06	0.09	(0.18)	7.60	(8.89)	10.97	(14.76)	139.80
CLBT	2.04	0.16	0.03	(1.11)	2.73	(2.09)	3.42	(4.92)	25.88
MODN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AVPT	1.74	(0.27)	0.00	(0.12)	0.00	0.00	3.04	(3.53)	18.33
WKME	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PENG	2.40	(0.58)	0.00	(0.22)	0.00	0.00	5.14	(7.16)	21.59
MKFG	3.24	0.73	0.13	(0.59)	3.98	(3.86)	9.46	(5.78)	33.63

Enfusion 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 Enfusion stock to make a market-neutral strategy. Peer analysis of Enfusion could also be used in its relative valuation, which is a method of valuing Enfusion by comparing valuation metrics with similar companies.

E2open Parent Holdings MoneyLion Verb Technology Cellebrite DI Model N Avepoint Walkme Penguin Solutions, Markforged Holding Corp American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne

Risk & Return

Correlation

Enfusion Corporate Management

Stephen Dorton	Chief Officer	Profile
Michael Berry	Chief Officer	Profile
Lorelei Skillman	Chief Officer	Profile
Vivek Ranka	Head Technology	Profile
Stephen Malherbe	Managing Partner	Profile
Oleg Movchan	Interim Director	Profile
Matthew Campobasso	General Secretary	Profile

Still Interested in Enfusion?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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