ZIM Integrated Correlations

ZIM Stock

USD 28.83 0.00 0.00%

The current 90-days correlation between ZIM Integrated Shipping and Costamare is 0.38 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ZIM Integrated moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ZIM Integrated Shipping moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

ZIM Integrated Correlation With Market

Very weak diversification

The correlation between ZIM Integrated Shipping and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ZIM Integrated Shipping and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with ZIM Stock

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

Moving together with ZIM Stock

0.78	SB	Safe Bulkers	Pair Corr
0.76	0LQ	EURODRY LTD DL	Pair Corr
0.77	36K	Klaveness Combination	Pair Corr
0.82	EDRY	EuroDry	Pair Corr
0.83	37H	Global Ship Lease Earnings Call This Week	Pair Corr
0.74	SBL	Safe Bulkers	Pair Corr
0.61	VOS	Vossloh AG	Pair Corr
0.7	FLNG	FLEX LNG	Pair Corr
0.76	T5N	AS Tallink Grupp	Pair Corr
0.84	DAC	Danaos	Pair Corr
0.75	DSX	Diana Shipping	Pair Corr
0.83	ECO	Okeanis Eco Tankers	Pair Corr
0.85	GNK	Genco Shipping Trading	Pair Corr
0.86	GSL	Global Ship Lease	Pair Corr
0.76	KEX	Kirby	Pair Corr
0.78	PXS	Pyxis Tankers	Pair Corr
0.81	ALC	Algoma Central Earnings Call This Week	Pair Corr
0.77	GLBS	Globus Maritime	Pair Corr
0.62	DP4H	APMOELL MB UADR	Pair Corr
0.87	HSHP	Himalaya Shipping Symbol Change	Pair Corr
0.62	DP4B	AP Mller	Pair Corr
0.82	MP2	MPC Container Ships	Pair Corr
0.85	J1X	HIMALAYA SHIPPING LTD	Pair Corr
0.82	B3O	Nordic American Tankers	Pair Corr

Moving against ZIM Stock

0.69	ICON	Icon Energy Corp	Pair Corr
0.52	NCT	Intercont Limited Earnings Call This Week	Pair Corr
0.39	HTCO	Caravelle International	Pair Corr

Related Correlations Analysis

	CMRE	CDLR	NMM
CMRE		0.83	0.85	CMRE
CDLR	0.83		0.89	CDLR
NMM	0.85	0.89		NMM
	CMRE	CDLR	NMM

Risk-Adjusted Indicators

There is a big difference between ZIM Stock performing well and ZIM Integrated 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 ZIM Integrated'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
CMRE	1.48	0.25	0.11	0.43	1.76	(1.57)	3.17	(2.44)	10.48
CDLR	1.83	0.64	0.30	0.63	1.57	(2.10)	5.39	(3.22)	12.99
NMM	1.39	0.49	0.28	7.24	1.07	(1.66)	3.71	(2.43)	7.47

ZIM Integrated Corporate Management

Noam Nativ	General VP	Profile
Arik Elimelech	Executive Organization	Profile
Yair Teitelbaum	Executive Sales	Profile
Danny Hoffmann	Ex Trade	Profile

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