Ensign Correlations

Stocks . Germany . 
Stock . The Ensign Group
EGB Stock  EUR 81.50  0.50  0.62%   
The correlation of Ensign is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ensign moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if The Ensign Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
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The ability to find closely correlated positions to Ensign could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ensign 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 Ensign - 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 The Ensign Group to buy it.

Moving against Ensign Stock

-0.54Y7PLATO GOLD CORPPairCorr

Related Correlations

RH7
26E
DBPD
DBPE
E908
RH7
-0.13-0.370.43-0.15
RH7
26E
-0.13-0.550.510.53
26E
DBPD
-0.37-0.55-0.99-0.29
DBPD
DBPE
0.430.51-0.990.28
DBPE
E908
-0.150.53-0.290.28
E908
RH7
26E
DBPD
DBPE
E908
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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
E908
+ 0.53
26E
DBPE
+ 0.51
26E
DBPE
+ 0.43
RH7
E908
+ 0.28
DBPE
  
High negative correlations   
DBPE
- 0.99
DBPD
DBPD
- 0.55
26E
DBPD
- 0.37
RH7
E908
- 0.29
DBPD
E908
- 0.15
RH7
26E
- 0.13
RH7

Risk-Adjusted Indicators

Nowadays, there is a big difference between Ensign Stock performing well and Ensign company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Ensign's multiple risk-adjusted performance indicators. 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		Information
Ratio		Expected
Shortfall		Potential
Upside		Value
At Risk		Maximum
Drawdown
RH7 2.75  0.19  0.07  0.24  2.77  0.06 (3.95)  7.67 (4.82)  17.59 
26E 1.36  0.23  0.17  0.98  1.14  0.12 (2.36)  3.29 (2.31)  17.96 
DBPD 1.35 (0.09)  0.00 (0.73)  0.00 (0.0162)  0.00  4.10 (3.15)  8.41 
DBPE 1.19  0.09  0.10 (3.48)  1.56  0.1 (1.26)  2.92 (2.96)  8.09 
E908 0.72  0.00  0.06 (0.18)  0.86  0.06 (0.75)  1.70 (1.31)  4.14 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Ensign without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Ensign Corporate Directors

Ensign corporate directors refer to members of an Ensign board of directors. The board of directors generally takes responsibility for the Ensign's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Ensign's board members must vote for the resolution. The Ensign board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Barry SmithIndependent DirectorProfile
Daren ShawIndependent DirectorProfile
Malene DavisDirectorProfile
Ann BlouinDirectorProfile

Already Invested in The Ensign Group?

The danger of trading The Ensign Group is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Ensign is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Ensign. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Ensign Group is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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When running Ensign's price analysis, check to measure Ensign's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ensign is operating at the current time. Most of Ensign's value examination focuses on studying past and present price action to predict the probability of Ensign's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ensign's price. Additionally, you may evaluate how the addition of Ensign to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Ensign's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ensign is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ensign's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party. Check out Investing Opportunities to better understand how to build diversified portfolios.
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