ZenaTech Correlations

ZENA Stock

4.51 0.01 0.22%

The current 90-days correlation between ZenaTech and 51Talk Online Education is -0.01 (i.e., Good 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

Significant diversification

The correlation between ZenaTech and DJI is 0.04 (i.e., Significant 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.

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 board of governors.

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

Moving together with ZenaTech Stock

0.77	SQ	BLOCK INC Symbol Change	Pair Corr
0.62	VRAR	Glimpse Group	Pair Corr
0.62	DBX	Dropbox	Pair Corr
0.69	DLO	Dlocal Tech Boost	Pair Corr

Moving against ZenaTech Stock

0.54	S	SentinelOne	Pair Corr
0.54	VRNS	Varonis Systems Earnings Call This Week	Pair Corr
0.36	DTSS	Datasea	Pair Corr
0.33	MQ	Marqeta	Pair Corr
0.33	DOCN	DigitalOcean Holdings Tech Boost	Pair Corr
0.39	RXT	Rackspace Technology	Pair Corr
0.37	IOT	Samsara	Pair Corr

Related Correlations Analysis

	ABG	ZZHGY	FSTR	ARW	COE	FLNT	BOSC
ABG		0.43	0.6	-0.31	-0.16	-0.2	0.3	ABG
ZZHGY	0.43		0.19	-0.09	-0.71	-0.01	-0.42	ZZHGY
FSTR	0.6	0.19		-0.55	0.17	-0.71	0.7	FSTR
ARW	-0.31	-0.09	-0.55		-0.48	0.53	-0.52	ARW
COE	-0.16	-0.71	0.17	-0.48		-0.35	0.66	COE
FLNT	-0.2	-0.01	-0.71	0.53	-0.35		-0.53	FLNT
BOSC	0.3	-0.42	0.7	-0.52	0.66	-0.53		BOSC
	ABG	ZZHGY	FSTR	ARW	COE	FLNT	BOSC

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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

BOSC	+ 0.7	FSTR
BOSC	+ 0.66	COE
FSTR	+ 0.6	ABG
FLNT	+ 0.53	ARW
ZZHGY	+ 0.43	ABG
BOSC	+ 0.3	ABG

High negative correlations

FLNT	- 0.71	FSTR
COE	- 0.71	ZZHGY
ARW	- 0.55	FSTR
BOSC	- 0.53	FLNT
BOSC	- 0.52	ARW
COE	- 0.48	ARW

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
ABG	1.39	0.22	0.13	0.38	1.21	(1.47)	3.85	(2.34)	10.57
ZZHGY	1.06	(0.63)	0.00	(0.29)	0.00	0.00	0.00	0.00	34.67
FSTR	2.14	0.58	0.22	1.07	2.08	(2.48)	6.37	(4.12)	17.99
ARW	1.27	(0.22)	0.00	(0.38)	0.00	0.00	2.24	(1.83)	13.79
COE	2.89	0.59	0.16	(15.71)	2.60	(4.08)	9.36	(4.29)	28.89
FLNT	2.68	(0.15)	0.00	0.37	0.00	0.00	6.04	(5.31)	18.65
BOSC	1.72	0.42	0.16	1.18	1.69	(2.04)	5.01	(3.02)	19.52

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.

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