ZenaTech Correlations

ZENA Stock

3.94 0.20 4.83%

The current 90-days correlation between ZenaTech and VirnetX Holding Corp is 0.08 (i.e., Significant diversification). The correlation of ZenaTech 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.

ZenaTech Correlation With Market

Weak diversification

The correlation between ZenaTech and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ZenaTech and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with ZenaTech Stock

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

For information on how to trade ZenaTech Stock refer to our How to Trade ZenaTech Stock guide.

Moving together with ZenaTech Stock

0.75	002410	Glodon Software	Pair Corr
0.87	AUR	Aurora Innovation Aggressive Push	Pair Corr
0.76	688590	Shanghai Newtouch	Pair Corr
0.85	BSY	Bentley Systems	Pair Corr
0.89	PTC	PTC Inc	Pair Corr
0.89	SAP	SAP SE ADR	Pair Corr
0.88	TTD	Trade Desk Sell-off Trend	Pair Corr
0.84	TYL	Tyler Technologies	Pair Corr
0.76	GWRE	Guidewire Software	Pair Corr
0.76	EVPL	Everplay Group PLC	Pair Corr
0.61	APTD	Aptitude Software	Pair Corr
0.73	300378	Digiwin Software	Pair Corr
0.81	002232	Qiming Information	Pair Corr
0.84	002657	Sinodata	Pair Corr
0.66	ALFA	Alfa Financial Software	Pair Corr
0.86	600536	China National Software	Pair Corr
0.79	688588	Linkage Software	Pair Corr
0.69	688232	Guotai Epoint Software	Pair Corr

Moving against ZenaTech Stock

0.77	DBD	Diebold Nixdorf	Pair Corr
0.57	300659	Zhongfu Information	Pair Corr
0.55	ZM	Zoom Video Communications	Pair Corr
0.32	300609	Winner Information	Pair Corr
0.6	688109	Hangzhou Pinming Software	Pair Corr
0.55	603636	Linewell Software	Pair Corr
0.54	300520	GuoChuang Software	Pair Corr
0.41	688229	Bonree Data Technology	Pair Corr
0.33	603171	Servyou Software	Pair Corr
0.81	LNDNF	Lundin Energy AB	Pair Corr
0.71	688227	Bingo Software	Pair Corr
0.61	SFT	Software Circle plc	Pair Corr
0.53	SSNC	SSC Technologies Holdings	Pair Corr

Related Correlations Analysis

	VHC	ALAR	HPAI	MLGO	KVHI	SSTI	OSS	RDZN	NRDY	MAPS
VHC		0.33	-0.66	0.08	-0.43	-0.37	-0.55	-0.3	-0.44	-0.22	VHC
ALAR	0.33		-0.85	0.84	-0.75	0.61	-0.74	-0.64	-0.5	0.57	ALAR
HPAI	-0.66	-0.85		-0.62	0.8	-0.21	0.8	0.67	0.62	-0.27	HPAI
MLGO	0.08	0.84	-0.62		-0.71	0.74	-0.51	-0.77	-0.03	0.82	MLGO
KVHI	-0.43	-0.75	0.8	-0.71		-0.26	0.77	0.79	0.23	-0.31	KVHI
SSTI	-0.37	0.61	-0.21	0.74	-0.26		-0.08	-0.32	0.03	0.8	SSTI
OSS	-0.55	-0.74	0.8	-0.51	0.77	-0.08		0.67	0.49	-0.19	OSS
RDZN	-0.3	-0.64	0.67	-0.77	0.79	-0.32	0.67		0.07	-0.54	RDZN
NRDY	-0.44	-0.5	0.62	-0.03	0.23	0.03	0.49	0.07		0.13	NRDY
MAPS	-0.22	0.57	-0.27	0.82	-0.31	0.8	-0.19	-0.54	0.13		MAPS
	VHC	ALAR	HPAI	MLGO	KVHI	SSTI	OSS	RDZN	NRDY	MAPS

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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

MLGO	+ 0.84	ALAR
MAPS	+ 0.82	MLGO
KVHI	+ 0.8	HPAI
OSS	+ 0.8	HPAI
MAPS	+ 0.8	SSTI
RDZN	+ 0.79	KVHI

High negative correlations

HPAI	- 0.85	ALAR
RDZN	- 0.77	MLGO
KVHI	- 0.75	ALAR
OSS	- 0.74	ALAR
KVHI	- 0.71	MLGO
HPAI	- 0.66	VHC

Risk-Adjusted Indicators

There is a big difference between ZenaTech Stock performing well and ZenaTech 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 ZenaTech'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
VHC	4.63	0.47	0.08	0.81	5.30	(5.16)	8.47	(7.56)	57.00
ALAR	3.02	(0.70)	0.00	(0.34)	0.00	0.00	7.45	(5.84)	30.78
HPAI	3.36	0.21	0.02	(0.52)	4.13	(3.77)	7.14	(6.85)	18.92
MLGO	4.21	(1.20)	0.00	(0.31)	0.00	0.00	7.54	(10.15)	23.08
KVHI	2.16	0.44	0.16	0.95	2.00	(2.63)	5.24	(3.41)	13.83
SSTI	3.00	(0.59)	0.00	(0.14)	0.00	0.00	5.06	(7.07)	16.87
OSS	4.52	0.51	0.11	0.30	4.98	(4.84)	11.69	(7.99)	38.58
RDZN	4.49	0.94	0.21	0.55	4.01	(5.67)	14.37	(7.38)	32.71
NRDY	3.64	(0.30)	0.00	(0.07)	0.00	0.00	8.40	(5.93)	20.36
MAPS	3.37	(0.46)	0.00	(0.28)	0.00	0.00	6.17	(6.48)	25.13

ZenaTech Corporate Executives

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

James CPA

Corporate CFO

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