Zaptec AS Correlations
| ZAP Stock | 23.90 0.65 2.80% |
The current 90-days correlation between Zaptec AS and Kongsberg Automotive Holding is 0.09 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Zaptec AS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Zaptec AS moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Zaptec AS Correlation With Market
Very good diversification
The correlation between Zaptec AS and DJI is -0.37 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Zaptec AS and DJI in the same portfolio, assuming nothing else is changed.
Zaptec |
The ability to find closely correlated positions to Zaptec AS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Zaptec AS 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 Zaptec AS - 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 Zaptec AS to buy it.
Moving together with Zaptec Stock
| 0.81 | ENSU | Ensurge Micropower ASA | PairCorr |
| 0.83 | NEXT | Next Biometrics Group | PairCorr |
| 0.69 | EMGS | Electromagnetic Geoservices Earnings Call Tomorrow | PairCorr |
Moving against Zaptec Stock
| 0.76 | DVD | Deep Value Driller | PairCorr |
| 0.68 | ZENA | Zenith Energy | PairCorr |
| 0.6 | WWI | Wilh Wilhelmsen Holding Earnings Call Tomorrow | PairCorr |
| 0.53 | KOA | Kongsberg Automotive | PairCorr |
| 0.43 | SKUE | Skue Sparebank | PairCorr |
| 0.35 | OSUN | Ocean Sun As | PairCorr |
| 0.32 | B2I | B2 Impact ASA Earnings Call This Week | PairCorr |
| 0.32 | ZLNA | Zelluna ASA Earnings Call This Week | PairCorr |
Related Correlations Analysis
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Zaptec Stock performing well and Zaptec AS 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 Zaptec AS'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| KOMPL | 1.78 | 0.17 | 0.03 | (3.34) | 2.09 | 5.19 | 11.92 | |||
| KOA | 1.94 | 0.34 | 0.11 | 1.18 | 2.17 | 4.12 | 14.84 | |||
| XPLRA | 1.49 | 0.18 | 0.06 | 0.82 | 1.69 | 3.92 | 9.75 | |||
| HEX | 2.80 | (0.04) | 0.00 | 0.29 | 0.00 | 5.60 | 17.31 | |||
| BEWI | 1.32 | (0.12) | 0.00 | (0.05) | 0.00 | 2.44 | 11.73 | |||
| REFL | 2.33 | 0.10 | 0.02 | 0.20 | 2.96 | 6.62 | 15.52 | |||
| ELIMP | 1.60 | 0.19 | 0.04 | (0.50) | 1.71 | 4.15 | 8.10 | |||
| BSP | 7.44 | 0.12 | 0.00 | (0.17) | 9.44 | 20.00 | 62.43 | |||
| KID | 0.85 | (0.14) | 0.00 | (0.57) | 0.00 | 1.64 | 4.71 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Zaptec AS 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.Did you try this?
Run Portfolio Volatility Now
Portfolio VolatilityCheck portfolio volatility and analyze historical return density to properly model market risk |
| All Next | Launch Module |
Zaptec AS Corporate Management
Elected by the shareholders, the Zaptec AS's board of directors comprises two types of representatives: Zaptec AS inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Zaptec. The board's role is to monitor Zaptec AS's management team and ensure that shareholders' interests are well served. Zaptec AS's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Zaptec AS's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Kristian Sther | Fin IR | Profile | |
| Peter BardenflethHansen | Chief Officer | Profile | |
| Martin Malmanger | Chief Officer | Profile | |
| AnnaKarin Andersen | Chief Officer | Profile | |
| Pal Tumyr | Chief Officer | Profile | |
| Knut Braut | Chief Officer | Profile | |
| Kurt Ostrem | Chief Officer | Profile |