ZOZO Correlations

SATLF Stock

USD 33.60 0.00 0.00%

The current 90-days correlation between ZOZO Inc and Meituan ADR is -0.25 (i.e., Very good diversification). The correlation of ZOZO 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.

ZOZO Correlation With Market

Modest diversification

The correlation between ZOZO Inc and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ZOZO Inc and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to ZOZO could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ZOZO 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 ZOZO - 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 ZOZO Inc to buy it.

Moving together with ZOZO Pink Sheet

0.83	AMZN	Amazon Inc Aggressive Push	Pair Corr
0.79	SE	Sea	Pair Corr
0.7	MSB	Mesabi Trust	Pair Corr
0.87	NTNX	Nutanix	Pair Corr
0.89	CHH	Choice Hotels Intern	Pair Corr
0.76	NVDA	NVIDIA	Pair Corr
0.8	LUMN	Lumen Technologies	Pair Corr
0.81	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.87	CQP	Cheniere Energy Partners	Pair Corr
0.95	IONQ	IONQ Inc	Pair Corr
0.85	VRT	Vertiv Holdings	Pair Corr
0.91	NDAQ	Nasdaq Inc	Pair Corr
0.96	AXON	Axon Enterprise	Pair Corr

Moving against ZOZO Pink Sheet

0.55

MELI

MercadoLibre

Pair Corr

Related Correlations Analysis

	MPNGY	QRTEB	TDUP	CBDD	ASOMY	AKA	BABA	VIPS	CPNG
MPNGY		-0.32	-0.14	-0.58	-0.04	-0.17	0.81	0.79	0.77	MPNGY
QRTEB	-0.32		-0.43	0.39	0.54	0.08	0.22	0.21	-0.27	QRTEB
TDUP	-0.14	-0.43		-0.05	-0.28	-0.29	-0.4	-0.27	-0.17	TDUP
CBDD	-0.58	0.39	-0.05		0.27	0.08	-0.33	-0.31	-0.49	CBDD
ASOMY	-0.04	0.54	-0.28	0.27		0.31	0.41	0.4	0.09	ASOMY
AKA	-0.17	0.08	-0.29	0.08	0.31		-0.04	-0.19	0.18	AKA
BABA	0.81	0.22	-0.4	-0.33	0.41	-0.04		0.97	0.65	BABA
VIPS	0.79	0.21	-0.27	-0.31	0.4	-0.19	0.97		0.59	VIPS
CPNG	0.77	-0.27	-0.17	-0.49	0.09	0.18	0.65	0.59		CPNG
	MPNGY	QRTEB	TDUP	CBDD	ASOMY	AKA	BABA	VIPS	CPNG

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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

VIPS	+ 0.97	BABA
BABA	+ 0.81	MPNGY
VIPS	+ 0.79	MPNGY
CPNG	+ 0.77	MPNGY
CPNG	+ 0.65	BABA
CPNG	+ 0.59	VIPS

High negative correlations

CBDD	- 0.58	MPNGY
CPNG	- 0.49	CBDD
TDUP	- 0.43	QRTEB
BABA	- 0.4	TDUP
BABA	- 0.33	CBDD
QRTEB	- 0.32	MPNGY

Risk-Adjusted Indicators

There is a big difference between ZOZO Pink Sheet performing well and ZOZO 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 ZOZO'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
MPNGY	3.19	0.67	0.14	1.29	3.98	(3.62)	9.47	(6.44)	29.14
QRTEB	3.32	(0.61)	0.00	(1.77)	0.00	0.00	6.47	(6.62)	23.12
TDUP	6.07	0.79	0.22	0.32	4.38	(9.61)	15.67	(7.06)	63.59
CBDD	13.81	1.54	0.07	1.25	13.22	(30.21)	33.33	(25.00)	58.33
ASOMY	1.98	0.10	(0.04)	0.00	2.58	(3.44)	5.27	(6.34)	23.64
AKA	5.10	(0.24)	0.00	0.03	6.47	(5.90)	10.91	(10.91)	39.74
BABA	2.03	0.03	(0.01)	0.20	2.37	(2.33)	4.82	(3.81)	16.74
VIPS	1.85	0.02	(0.01)	0.14	2.23	(2.36)	4.34	(4.47)	17.40
CPNG	1.56	0.24	0.02	(0.34)	2.37	(1.73)	4.63	(3.36)	17.75

ZOZO Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with ZOZO pink sheet to make a market-neutral strategy. Peer analysis of ZOZO could also be used in its relative valuation, which is a method of valuing ZOZO by comparing valuation metrics with similar companies.

Meituan ADR Qurate Retail Series ThredUp Cbd of Denver ASOS plc PK AKA Brands Holding Alibaba Group Holding Vipshop Holdings Limited Coupang LLC American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne

Risk & Return

Correlation

ZOZO Corporate Management

Christine Edman	Ex Officer	Profile
Akiko Oishi	Deputy Office	Profile
Toshiaki Shimizu	Ex Division	Profile
Takao Yamasaki	Yahoo Division	Profile
Fuminori Hirose	COO Director	Profile

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