Enlightify Correlations

ENFY Stock

0.10 0.01 11.11%

The current 90-days correlation between Enlightify and Asure Software is 0.03 (i.e., Significant diversification). The correlation of Enlightify 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.

Enlightify Correlation With Market

Good diversification

The correlation between Enlightify and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Enlightify and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Enlightify Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enlightify. 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.

For more information on how to buy Enlightify Stock please use our How to Invest in Enlightify guide.

Moving together with Enlightify Stock

0.7	BHAGCHEM	Bhagiradha Chemicals	Pair Corr
0.81	FMC	FMC Corporation	Pair Corr
0.88	MOS	Mosaic	Pair Corr
0.74	FACT	Fertilizers and Chemicals	Pair Corr
0.9	DHANUKA	Dhanuka Agritech	Pair Corr
0.86	SUMICHEM	Sumitomo Chemical India	Pair Corr
0.69	MOL	Meghmani Organics	Pair Corr
0.77	SPIC	Southern Petrochemicals	Pair Corr
0.92	CHAMBLFERT	Chambal Fertilizers	Pair Corr
0.82	MANGCHEFER	Mangalore Chemicals	Pair Corr
0.67	300804	Yingde Greatchem Che	Pair Corr
0.65	ADVWW	Advantage Solutions	Pair Corr
0.66	PCTTW	PureCycle Technologies	Pair Corr
0.94	GCMGW	GCM Grosvenor	Pair Corr
0.73	META	Meta Platforms	Pair Corr

Moving against Enlightify Stock

0.68	600423	Liuzhou Chemical Industry	Pair Corr
0.6	002556	Anhui Huilong Agricu	Pair Corr
0.54	RLF	RLF Agtech	Pair Corr
0.52	002258	Lier Chemical	Pair Corr
0.89	ALIUSD	Aluminum Futures	Pair Corr
0.88	PYXS	Pyxis Oncology	Pair Corr
0.82	ATCOL	Atlas Corp	Pair Corr
0.82	AAPL	Apple Inc	Pair Corr
0.77	GOOG	Alphabet Class C Sell-off Trend	Pair Corr
0.59	TSMWF	Taiwan Semiconductor	Pair Corr
0.58	NVDA	NVIDIA	Pair Corr
0.54	AVGO	Broadcom Aggressive Push	Pair Corr

Related Correlations Analysis

	TPH	TMHC	CIO-P-A	ASUR	PDM	EJH	EORBF	ADUS
TPH		0.94	0.33	-0.06	0.71	0.63	0.0	-0.08	TPH
TMHC	0.94		0.51	-0.13	0.76	0.71	0.0	-0.23	TMHC
CIO-P-A	0.33	0.51		0.11	0.62	0.43	0.0	0.13	CIO-P-A
ASUR	-0.06	-0.13	0.11		-0.24	0.16	0.0	0.59	ASUR
PDM	0.71	0.76	0.62	-0.24		0.41	0.0	-0.06	PDM
EJH	0.63	0.71	0.43	0.16	0.41		0.0	-0.11	EJH
EORBF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	EORBF
ADUS	-0.08	-0.23	0.13	0.59	-0.06	-0.11	0.0		ADUS
	TPH	TMHC	CIO-P-A	ASUR	PDM	EJH	EORBF	ADUS

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

TMHC	+ 0.94	TPH
PDM	+ 0.76	TMHC
PDM	+ 0.71	TPH
EJH	+ 0.71	TMHC
EJH	+ 0.63	TPH
PDM	+ 0.62	CIO-P-A

High negative correlations

PDM	- 0.24	ASUR
ADUS	- 0.23	TMHC
ASUR	- 0.13	TMHC
ADUS	- 0.11	EJH
ADUS	- 0.08	TPH
ADUS	- 0.06	PDM

Risk-Adjusted Indicators

There is a big difference between Enlightify Stock performing well and Enlightify 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 Enlightify'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
TPH	1.37	(0.05)	0.00	(0.08)	0.00	0.00	3.65	(3.00)	8.08
TMHC	1.28	(0.11)	0.00	(0.25)	0.00	0.00	3.86	(2.67)	8.55
CIO-P-A	0.20	(0.02)	0.00	(0.20)	0.00	0.00	0.40	(0.44)	1.82
ASUR	1.75	(0.02)	0.00	0.12	0.00	0.00	3.59	(3.51)	13.40
PDM	1.24	0.10	0.03	0.34	1.90	(1.21)	2.63	(2.89)	9.60
EJH	2.85	(0.57)	0.00	0.91	0.00	0.00	6.25	(7.07)	27.92
EORBF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ADUS	1.45	0.11	0.02	(0.66)	1.79	(1.60)	2.84	(2.57)	11.54

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