Enel SpA Correlations
| ESOCF Stock | USD 8.96 0.03 0.34% |
The current 90-days correlation between Enel SpA and Iberdrola SA is 0.42 (i.e., Very weak diversification). The correlation of Enel SpA 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.
Enel SpA Correlation With Market
Significant diversification
The correlation between Enel SpA and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Enel SpA and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Enel SpA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enel SpA when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Enel SpA - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Enel SpA to buy it.
Moving together with Enel Pink Sheet
| 0.85 | IBDSF | Iberdrola SA Earnings Call Today | PairCorr |
| 0.76 | IBDRY | Iberdrola SA Earnings Call Today | PairCorr |
| 0.94 | ENLAY | ENEL Societa per | PairCorr |
| 0.8 | ENGQF | Engie SA | PairCorr |
| 0.65 | LRMR | Larimar Therapeutics | PairCorr |
| 0.68 | FBNC | First Bancorp Earnings Call Today | PairCorr |
| 0.84 | A | Agilent Technologies Earnings Call This Week | PairCorr |
| 0.82 | TWLO | Twilio Inc Sell-off Trend | PairCorr |
| 0.84 | AMSC | American Superconductor | PairCorr |
| 0.63 | SNAL | Snail, Class A | PairCorr |
| 0.79 | RKDA | Arcadia Biosciences Downward Rally | PairCorr |
| 0.61 | FENG | Phoenix New Media | PairCorr |
| 0.8 | GOOGL | Alphabet Class A Earnings Call Today | PairCorr |
| 0.67 | WACMY | Wacom Co Earnings Call This Week | PairCorr |
| 0.76 | HNFSB | Hanover Foods | PairCorr |
Moving against Enel Pink Sheet
| 0.7 | GSTX | Graphene Solar Techn | PairCorr |
| 0.68 | IRNRF | Iron Road Limited | PairCorr |
| 0.53 | EPGG | Empire Global Gaming | PairCorr |
| 0.42 | MRMD | Marimed | PairCorr |
| 0.64 | 372546AW1 | GEORGE WASH UNIV | PairCorr |
| 0.42 | 574599BR6 | MAS 3125 15 | PairCorr |
| 0.34 | NIO | Nio Class A Buyout Trend | PairCorr |
Related Correlations Analysis
| 0.85 | 0.85 | 0.84 | 0.22 | 0.74 | IBDSF | ||
| 0.85 | 0.76 | 0.84 | 0.22 | 0.63 | IBDRY | ||
| 0.85 | 0.76 | 0.94 | 0.42 | 0.8 | ESOCF | ||
| 0.84 | 0.84 | 0.94 | 0.46 | 0.83 | ENLAY | ||
| 0.22 | 0.22 | 0.42 | 0.46 | 0.32 | SRE | ||
| 0.74 | 0.63 | 0.8 | 0.83 | 0.32 | ENGQF | ||
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Risk-Adjusted Indicators
There is a big difference between Enel Pink Sheet performing well and Enel SpA 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 Enel SpA'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IBDSF | 1.24 | 0.17 | 0.01 | 2.12 | 1.76 | 2.84 | 11.16 | |||
| IBDRY | 0.92 | 0.12 | (0.04) | (1.18) | 1.45 | 2.00 | 6.30 | |||
| ESOCF | 1.30 | 0.17 | 0.02 | 1.15 | 1.50 | 2.41 | 7.67 | |||
| ENLAY | 0.90 | 0.18 | 0.02 | 2.18 | 0.93 | 1.63 | 4.86 | |||
| SRE | 0.92 | 0.08 | 0.03 | 0.28 | 1.04 | 2.14 | 5.45 | |||
| ENGQF | 3.56 | 0.16 | 0.04 | 0.29 | 4.39 | 8.59 | 21.36 |
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Enel SpA Corporate Management
| Giulio Fazio | Head of Legal and Corporate Affairs | Profile | |
| Claudio Machetti | Head of Group Risk Management Department | Profile | |
| Francesca Carlo | Head of Internal Audit Department | Profile | |
| Ernesto Ciorra | Head of Innovation and Sustainability | Profile | |
| Guido Stratta | Head Organisation | Profile |