Energizer Holdings Correlations

ENR Stock

USD 23.30 0.39 1.70%

The correlation of Energizer Holdings 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.

Energizer Holdings Correlation With Market

Very weak diversification

The correlation between Energizer Holdings and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Energizer Holdings and DJI in the same portfolio, assuming nothing else is changed.

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

To learn how to invest in Energizer Stock, please use our How to Invest in Energizer Holdings guide.

Moving together with Energizer Stock

0.7	PG	Procter Gamble	Pair Corr
0.82	UG	United Guardian	Pair Corr
0.72	WALD	Waldencast Acquisition	Pair Corr
0.71	WALDW	Waldencast Acquisition	Pair Corr
0.91	CHD	Church Dwight	Pair Corr
0.87	CLX	Clorox Sell-off Trend	Pair Corr
0.82	EPC	Edgewell Personal Care	Pair Corr
0.81	HLF	Herbalife Nutrition Upward Rally	Pair Corr
0.61	NWL	Newell Brands Sell-off Trend	Pair Corr
0.77	SPB	Spectrum Brands Holdings	Pair Corr
0.76	GROV	Virgin Group Acquisition	Pair Corr
0.91	HELE	Helen of Troy	Pair Corr
0.84	LFVN	Lifevantage	Pair Corr
0.62	NAII	Natural Alternatives	Pair Corr

Moving against Energizer Stock

0.77	PHH	Park Ha Biological	Pair Corr
0.76	ODD	ODDITY Tech Tech Boost	Pair Corr
0.73	UL	Unilever PLC ADR Sell-off Trend	Pair Corr
0.85	GRDN	Guardian Pharmacy	Pair Corr
0.5	TKLF	Yoshitsu	Pair Corr

Related Correlations Analysis

	HOLI	AYI	ESP	PLPC	KE	NEOV	NVT	HUBB	AEIS
HOLI		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	HOLI
AYI	0.0		-0.1	-0.16	0.85	0.55	0.58	0.47	0.8	AYI
ESP	0.0	-0.1		0.21	0.2	0.44	0.68	0.74	0.38	ESP
PLPC	0.0	-0.16	0.21		0.01	-0.21	0.09	0.05	-0.07	PLPC
KE	0.0	0.85	0.2	0.01		0.59	0.75	0.55	0.82	KE
NEOV	0.0	0.55	0.44	-0.21	0.59		0.8	0.7	0.83	NEOV
NVT	0.0	0.58	0.68	0.09	0.75	0.8		0.88	0.91	NVT
HUBB	0.0	0.47	0.74	0.05	0.55	0.7	0.88		0.77	HUBB
AEIS	0.0	0.8	0.38	-0.07	0.82	0.83	0.91	0.77		AEIS
	HOLI	AYI	ESP	PLPC	KE	NEOV	NVT	HUBB	AEIS

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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

AEIS	+ 0.91	NVT
HUBB	+ 0.88	NVT
KE	+ 0.85	AYI
AEIS	+ 0.83	NEOV
AEIS	+ 0.82	KE
AEIS	+ 0.8	AYI

High negative correlations

NEOV	- 0.21	PLPC
PLPC	- 0.16	AYI
ESP	- 0.1	AYI
AEIS	- 0.07	PLPC
AEIS	- 0.0	HOLI
HUBB	- 0.0	HOLI

Risk-Adjusted Indicators

There is a big difference between Energizer Stock performing well and Energizer Holdings 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 Energizer Holdings' 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
HOLI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AYI	1.76	(0.17)	0.00	(0.16)	0.00	0.00	4.24	(4.09)	15.02
ESP	1.96	0.54	0.26	1.03	1.80	(2.47)	5.56	(2.99)	14.78
PLPC	1.86	0.17	0.07	0.14	2.26	(1.95)	3.65	(3.91)	23.60
KE	2.14	0.04	0.02	0.08	3.28	(2.39)	2.82	(3.30)	27.71
NEOV	5.48	0.38	0.06	0.20	5.72	(6.37)	15.99	(9.16)	39.40
NVT	2.42	0.22	0.05	0.09	3.42	(2.45)	4.59	(5.01)	19.78
HUBB	1.87	0.15	0.06	0.09	2.34	(1.94)	3.73	(4.48)	16.37
AEIS	2.90	0.04	0.00	(0.01)	0.00	0.00	4.51	(5.78)	28.57

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