Zapp Electric Correlations

ZAPP Stock

0.91 0.06 7.06%

The current 90-days correlation between Zapp Electric Vehicles and Life Insurance is -0.12 (i.e., Good diversification). The correlation of Zapp Electric 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Zapp Electric Correlation With Market

Average diversification

The correlation between Zapp Electric Vehicles and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Zapp Electric Vehicles and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zapp Electric Vehicles. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with Zapp Stock

0.85	F	Ford Motor Aggressive Push	Pair Corr
0.85	VC	Visteon Corp Earnings Call This Week	Pair Corr
0.85	AXL	American Axle Manufa Buyout Trend	Pair Corr
0.85	BWA	BorgWarner	Pair Corr
0.83	MGA	Magna International	Pair Corr
0.67	MOD	Modine Manufacturing	Pair Corr
0.92	WGO	Winnebago Industries	Pair Corr
0.87	GNTX	Gentex	Pair Corr
0.72	LCII	LCI Industries	Pair Corr
0.9	NWTN	NWTN Class B	Pair Corr
0.82	ADNT	Adient PLC	Pair Corr
0.84	BC	Brunswick	Pair Corr
0.74	BQ	Boqii Holding Limited	Pair Corr
0.87	FL	Foot Locker	Pair Corr
0.91	LE	Lands End	Pair Corr
0.8	SG	Sweetgreen	Pair Corr
0.63	DOGZ	Dogness International	Pair Corr

Moving against Zapp Stock

0.85	DAN	Dana Inc Earnings Call This Week	Pair Corr
0.71	LCID	Lucid Group Earnings Call This Week	Pair Corr
0.66	INVZ	Innoviz Technologies	Pair Corr
0.48	LI	Li Auto	Pair Corr
0.88	APTV	Aptiv PLC	Pair Corr
0.52	BH	Biglari Holdings	Pair Corr
0.52	JL	J Long Group Upward Rally	Pair Corr
0.46	JD	JD Inc Adr Aggressive Push	Pair Corr
0.43	RIVN	Rivian Automotive Earnings Call This Week	Pair Corr
0.39	IH	Ihuman Inc	Pair Corr
0.34	GV	Visionary Education	Pair Corr
0.93	EVRI	Everi Holdings	Pair Corr
0.87	RL	Ralph Lauren Corp	Pair Corr
0.75	VUZI	Vuzix Corp Cmn	Pair Corr
0.62	RH	RH	Pair Corr
0.45	VIPS	Vipshop Holdings	Pair Corr

Related Correlations Analysis

	KRUS	ROOT	DLTTF	MTG	BHR-PD	LINSA	PINXF	PTLO
KRUS		-0.29	0.0	0.11	-0.17	-0.07	-0.14	-0.67	KRUS
ROOT	-0.29		0.0	0.54	0.68	0.03	-0.08	0.72	ROOT
DLTTF	0.0	0.0		0.0	0.0	0.0	0.0	0.0	DLTTF
MTG	0.11	0.54	0.0		0.66	-0.05	-0.15	0.49	MTG
BHR-PD	-0.17	0.68	0.0	0.66		-0.17	-0.2	0.72	BHR-PD
LINSA	-0.07	0.03	0.0	-0.05	-0.17		0.81	-0.05	LINSA
PINXF	-0.14	-0.08	0.0	-0.15	-0.2	0.81		0.0	PINXF
PTLO	-0.67	0.72	0.0	0.49	0.72	-0.05	0.0		PTLO
	KRUS	ROOT	DLTTF	MTG	BHR-PD	LINSA	PINXF	PTLO

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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

PINXF	+ 0.81	LINSA
PTLO	+ 0.72	ROOT
PTLO	+ 0.72	BHR-PD
BHR-PD	+ 0.68	ROOT
BHR-PD	+ 0.66	MTG
MTG	+ 0.54	ROOT

High negative correlations

PTLO	- 0.67	KRUS
ROOT	- 0.29	KRUS
PINXF	- 0.2	BHR-PD
LINSA	- 0.17	BHR-PD
BHR-PD	- 0.17	KRUS
PINXF	- 0.15	MTG

Risk-Adjusted Indicators

There is a big difference between Zapp Stock performing well and Zapp Electric 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 Zapp Electric'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
KRUS	2.75	(0.19)	0.00	(0.31)	0.00	0.00	5.74	(5.91)	20.36
ROOT	3.62	0.80	0.18	2.02	3.85	(3.97)	8.92	(7.56)	22.89
DLTTF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MTG	1.03	0.01	0.01	0.02	1.40	(1.05)	2.12	(2.43)	7.00
BHR-PD	1.20	0.06	0.03	0.20	1.84	(1.20)	2.10	(2.06)	12.13
LINSA	0.31	0.15	0.00	3.08	0.00	0.00	0.00	0.00	7.14
PINXF	0.09	0.03	0.00	(1.19)	0.00	0.00	0.00	0.00	2.86
PTLO	2.64	0.33	0.13	0.26	2.44	(3.23)	7.21	(4.23)	18.21

Zapp Electric Corporate Executives

Elected by the shareholders, the Zapp Electric's board of directors comprises two types of representatives: Zapp Electric inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Zapp. The board's role is to monitor Zapp Electric's management team and ensure that shareholders' interests are well served. Zapp Electric'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, Zapp Electric's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Warin Thanathawee	CoFounder Officer	Profile
	Kiattipong Arttachariya	Cofounder Officer	Profile

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