Enerpac Tool Correlations

EPAC Stock

USD 37.64 0.47 1.23%

The current 90-days correlation between Enerpac Tool Group and Helios Technologies is 0.46 (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

Good diversification

The correlation between Enerpac Tool Group and DJI is -0.05 (i.e., Good 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 against Enerpac Stock

0.47	CVV	CVD Equipment	Pair Corr
0.33	HI	Hillenbrand	Pair Corr

Related Correlations Analysis

	HLIO	NPO	OFLX	LXFR	HURC	SPXC	AAMI	THR	NBHC
HLIO		0.94	0.87	0.91	0.62	0.93	0.9	0.73	0.88	HLIO
NPO	0.94		0.8	0.93	0.48	0.97	0.86	0.65	0.78	NPO
OFLX	0.87	0.8		0.79	0.68	0.82	0.83	0.67	0.85	OFLX
LXFR	0.91	0.93	0.79		0.49	0.94	0.81	0.8	0.82	LXFR
HURC	0.62	0.48	0.68	0.49		0.61	0.82	0.33	0.76	HURC
SPXC	0.93	0.97	0.82	0.94	0.61		0.91	0.67	0.84	SPXC
AAMI	0.9	0.86	0.83	0.81	0.82	0.91		0.51	0.89	AAMI
THR	0.73	0.65	0.67	0.8	0.33	0.67	0.51		0.68	THR
NBHC	0.88	0.78	0.85	0.82	0.76	0.84	0.89	0.68		NBHC
	HLIO	NPO	OFLX	LXFR	HURC	SPXC	AAMI	THR	NBHC

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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	2.13	0.55	0.12	(4.90)	1.89	(2.48)	5.01	(3.40)	13.58
NPO	1.67	0.55	0.16	74.76	1.39	(1.89)	3.94	(2.58)	10.10
OFLX	2.29	0.41	0.02	(0.53)	2.18	(2.82)	7.01	(4.19)	14.80
LXFR	1.66	0.30	0.05	3.83	1.46	(1.96)	3.94	(2.74)	10.78
HURC	2.32	0.46	0.08	(10.67)	2.36	(2.55)	5.50	(3.89)	13.02
SPXC	1.25	0.43	0.14	5.68	0.94	(1.37)	3.12	(2.29)	8.61
AAMI	1.23	0.63	0.31	32.90	0.63	(1.58)	3.33	(1.28)	6.57
THR	1.50	0.24	(0.01)	(1.77)	2.24	(1.54)	3.40	(3.33)	13.02
NBHC	1.19	0.31	0.01	(1.13)	1.40	(1.41)	2.65	(1.88)	8.68

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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