Co-movers

daily closes · 500dMethod

Moved together

NOVTwithENS

×0.38co-movement · ENS on NOVT · 500d

r 0.46scale to r 0.75

Shared co-movers2with NOVTwith ENS

KNKnowles Corpr 0.59r 0.62

NPOEnpro Inc.r 0.58r 0.58

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

NOVTNovanta Inc

131.95−9.14%· post 130.00

Mkt cap$5.0BRevenue$266MQ2 FY26Revenue$981MFY25

ENSEnerSys

142.45−8.69%· post 142.00

ClosedNov 5 '26

Mkt cap$5.1BRevenue$936MQ1 FY27Revenue$3.8BFY26

vs

Compare

ClosedNov 5 '26

NOVTNovanta Inc

vs

ENSEnerSys

131.95−9.14%post 130.00

Price

142.45−8.69%post 142.00

$5.0B

Mkt cap

$5.1B

Q2 FY26$266M

Revenue

$936MQ1 FY27

FY25$981M

Revenue

$3.8BFY26

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