Enova International, Inc. (ENVA) — Stock Correlations & Overview
Over the past year, ENVA has moved most closely with PFI, OMF, PSCF. Explore the stocks most correlated and inversely correlated with ENVA below, along with its price, financials, and company profile.
Stocks correlated with ENVA
Correlation of daily returns. Higher positive values move with ENVA; negative values move opposite it. Informational only, not investment advice.
Most correlated with ENVA
| Symbol | Company | Correlation |
|---|---|---|
| PFI | Invesco Exchange-Traded Fund Trust Invesco Dorsey Wright Financial Momentum ETF | 0.64 |
| OMF | OneMain Holdings, Inc.PERSONAL CREDIT INSTITUTIONS | 0.64 |
| PSCF | Invesco S&P SmallCap Financials ETFINVESTMENT ADVICE | 0.62 |
| DFNL | Davis Select Financial ETF | 0.61 |
| FNCL | Fidelity MSCI Financials Index ETF | 0.61 |
Most inversely correlated with ENVA
| Symbol | Company | Correlation |
|---|---|---|
| FAZ | Direxion Daily Financial Bear 3x ETF | -0.59 |
| SKF | ProShares UltraShort Financials | -0.58 |
| SEF | ProShares Short Financials | -0.58 |
| SKRE | Tuttle Capital Daily 2X Inverse Regional Banks ETF | -0.56 |
| BNKD | MicroSectors U.S. Big Banks -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.54 |
Frequently asked questions about ENVA correlations
- Which stocks are most correlated with ENVA?
- Based on one year of daily returns, the stocks most correlated with Enova International, Inc. (ENVA) are PFI (0.64), OMF (0.64) and PSCF (0.62). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with ENVA?
- Over the past year, the stocks most inversely correlated with Enova International, Inc. (ENVA) are FAZ (-0.59), SKF (-0.58) and SEF (-0.58). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these ENVA correlations calculated?
- We compute the correlation of daily returns between ENVA and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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