Co-movers

daily closes · 501dMethod

Moved together

ENSwithENVX

×0.95co-movement · ENVX on ENS · 501d

r 0.41scale to r 0.75

Shared co-movers2with ENSwith ENVX

KNKnowles Corpr 0.62r 0.50

VSHVishay Intertechnology Incr 0.57r 0.50

ENS, solidENVX, hatched× = co-movement · βr = correlationBar = r to r 0.75Order: weaker of A and BSource: daily closes

ENSEnerSys

147.36+3.35%· post 146.82

Mkt cap$5.3BRevenue$936MQ1 FY27Revenue$3.8BFY26

ENVXEnovix Corp

2.76+14.88%· post 2.76

ClosedNov 6 '26

Mkt cap$605.7MRevenue$9MQ2 FY26Revenue$32MFY25

vs

Compare

ClosedNov 6 '26

ENSEnerSys

vs

ENVXEnovix Corp

147.36+3.35%post 146.82

Price

2.76+14.88%post 2.76

$5.3B

Mkt cap

$605.7M

Q1 FY27$936M

Revenue

$9MQ2 FY26

FY26$3.8B

Revenue

$32MFY25

ENS compared with ENVX: revenue, margins and what each company keeps, and the suppliers and customers both name