Enerpac Tool Correlations

EPAC Stock

USD 40.95 0.05 0.12%

The current 90-days correlation between Enerpac Tool Group and Helios Technologies is 0.5 (i.e., Very weak 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 0.43 (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.

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

Moving together with Enerpac Stock

0.61	BW	Babcock Wilcox Enter	Pair Corr
0.71	HI	Hillenbrand	Pair Corr
0.78	PH	Parker Hannifin	Pair Corr
0.86	FELE	Franklin Electric	Pair Corr
0.77	AME	Ametek Inc	Pair Corr
0.69	AOS	Smith AO	Pair Corr
0.79	CMI	Cummins	Pair Corr
0.69	DCI	Donaldson	Pair Corr
0.69	GRC	Gorman Rupp	Pair Corr
0.68	ITT	ITT Inc	Pair Corr
0.77	MWA	Mueller Water Products	Pair Corr
0.81	XMTR	Xometry	Pair Corr
0.8	NPO	Enpro Industries	Pair Corr
0.62	PNR	Pentair PLC	Pair Corr
0.89	SXI	Standex International	Pair Corr

Moving against Enerpac Stock

0.72	ATS	ATS Corporation	Pair Corr
0.72	EMR	Emerson Electric	Pair Corr
0.72	IEX	IDEX	Pair Corr
0.67	IR	Ingersoll Rand	Pair Corr
0.53	DOV	Dover	Pair Corr
0.52	CSW	CSW Industrials, Symbol Change	Pair Corr
0.51	ETN	Eaton PLC Sell-off Trend	Pair Corr
0.51	GHM	Graham	Pair Corr
0.76	HURC	Hurco Companies	Pair Corr
0.71	THR	Thermon Group Holdings	Pair Corr
0.6	SMR	Nuscale Power Corp	Pair Corr
0.44	WFF	WF Holding Limited	Pair Corr
0.43	RRX	Regal Beloit	Pair Corr
0.31	XCH	XCHG Limited American	Pair Corr

Related Correlations Analysis

	HLIO	NPO	OFLX	LXFR	HURC	SPXC	AAMI	THR	NBHC
HLIO		0.88	0.02	0.78	-0.85	0.62	0.94	-0.74	-0.01	HLIO
NPO	0.88		-0.15	0.62	-0.68	0.74	0.88	-0.59	-0.14	NPO
OFLX	0.02	-0.15		0.17	0.06	-0.34	-0.03	0.15	0.61	OFLX
LXFR	0.78	0.62	0.17		-0.78	0.19	0.73	-0.34	0.44	LXFR
HURC	-0.85	-0.68	0.06	-0.78		-0.41	-0.84	0.66	-0.1	HURC
SPXC	0.62	0.74	-0.34	0.19	-0.41		0.62	-0.55	-0.56	SPXC
AAMI	0.94	0.88	-0.03	0.73	-0.84	0.62		-0.66	0.0	AAMI
THR	-0.74	-0.59	0.15	-0.34	0.66	-0.55	-0.66		0.3	THR
NBHC	-0.01	-0.14	0.61	0.44	-0.1	-0.56	0.0	0.3		NBHC
	HLIO	NPO	OFLX	LXFR	HURC	SPXC	AAMI	THR	NBHC

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

AAMI	+ 0.94	HLIO
NPO	+ 0.88	HLIO
AAMI	+ 0.88	NPO
LXFR	+ 0.78	HLIO
SPXC	+ 0.74	NPO
AAMI	+ 0.73	LXFR

High negative correlations

HURC	- 0.85	HLIO
AAMI	- 0.84	HURC
HURC	- 0.78	LXFR
THR	- 0.74	HLIO
HURC	- 0.68	NPO
THR	- 0.66	AAMI

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
HLIO	2.21	0.64	0.36	0.45	1.34	(2.78)	4.54	(2.84)	34.54
NPO	1.51	0.17	0.13	0.17	1.43	(1.74)	3.49	(2.77)	7.63
OFLX	1.84	(0.24)	0.00	(0.01)	0.00	0.00	4.41	(3.51)	13.35
LXFR	1.61	0.11	0.06	0.15	1.92	(1.65)	3.95	(2.70)	10.02
HURC	1.77	(0.11)	0.00	(0.05)	0.00	0.00	3.99	(3.56)	11.32
SPXC	1.23	0.13	0.06	0.39	1.45	(1.33)	2.85	(2.10)	12.32
AAMI	1.89	0.39	0.11	0.55	3.00	(2.11)	4.34	(3.28)	24.76
THR	1.63	(0.18)	0.00	(0.01)	0.00	0.00	3.50	(3.05)	14.12
NBHC	1.30	(0.07)	(0.01)	0.03	1.37	(1.59)	3.72	(2.33)	10.90

Enerpac Tool Corporate Management

J Clarkson	Independent Director	Profile
Lynn Minella	Independent Director	Profile
Richard Roman	VP Treasurer	Profile
Patrick Dawson	Corporate Controller	Profile

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