ZIM Integrated Correlations

ZIM Stock

USD 20.68 0.35 1.72%

The current 90-days correlation between ZIM Integrated Shipping and CMBTECH NV is 0.16 (i.e., Average 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 poor diversification

The correlation between ZIM Integrated Shipping and DJI is 0.81 (i.e., Very poor 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

0.66	SB	Safe Bulkers	Pair Corr
0.77	37H	Global Ship Lease	Pair Corr
0.79	DAC	Danaos	Pair Corr
0.84	GNK	Genco Shipping Trading	Pair Corr
0.83	GSL	Global Ship Lease	Pair Corr
0.85	ALC	Algoma Central	Pair Corr
0.84	GLBS	Globus Maritime	Pair Corr
0.82	HSHP	Himalaya Shipping Earnings Call This Week	Pair Corr
0.8	GNU1	Genco Shipping Trading	Pair Corr
0.77	MATX	Matson Inc	Pair Corr
0.74	PANL	Pangaea Logistic	Pair Corr
0.75	WTE	Westshore Terminals	Pair Corr
0.87	TORO	Toro Earnings Call This Week	Pair Corr
0.69	CDLR	Cadeler AS	Pair Corr
0.89	CMRE	Costamare Earnings Call This Week	Pair Corr
0.79	USEA	United Maritime	Pair Corr
0.65	TLKMF	Telkom Indonesia Tbk	Pair Corr

Moving against ZIM Stock

0.91	ICON	Icon Energy Corp	Pair Corr
0.46	ESEA	Euroseas	Pair Corr
0.33	LSH	Lakeside Holding	Pair Corr
0.82	CISS	C3is Inc	Pair Corr
0.68	RBNE	Robin Energy Symbol Change	Pair Corr
0.64	PTAIF	PT Astra International	Pair Corr
0.53	QHD	Qinhuangdao Port	Pair Corr

Related Correlations Analysis

	CMBT	DAC	BWLP	SBLK	CDLR	NMM	TRTN-PC	CMRE	HNI	ENOV
CMBT		0.94	0.79	0.93	0.85	0.96	0.34	0.7	0.84	-0.75	CMBT
DAC	0.94		0.72	0.92	0.84	0.96	0.48	0.83	0.83	-0.77	DAC
BWLP	0.79	0.72		0.78	0.92	0.73	0.44	0.42	0.84	-0.75	BWLP
SBLK	0.93	0.92	0.78		0.85	0.95	0.39	0.71	0.84	-0.76	SBLK
CDLR	0.85	0.84	0.92	0.85		0.82	0.58	0.62	0.89	-0.81	CDLR
NMM	0.96	0.96	0.73	0.95	0.82		0.38	0.78	0.81	-0.75	NMM
TRTN-PC	0.34	0.48	0.44	0.39	0.58	0.38		0.67	0.65	-0.73	TRTN-PC
CMRE	0.7	0.83	0.42	0.71	0.62	0.78	0.67		0.67	-0.69	CMRE
HNI	0.84	0.83	0.84	0.84	0.89	0.81	0.65	0.67		-0.86	HNI
ENOV	-0.75	-0.77	-0.75	-0.76	-0.81	-0.75	-0.73	-0.69	-0.86		ENOV
	CMBT	DAC	BWLP	SBLK	CDLR	NMM	TRTN-PC	CMRE	HNI	ENOV

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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

NMM	+ 0.96	CMBT
NMM	+ 0.96	DAC
NMM	+ 0.95	SBLK
DAC	+ 0.94	CMBT
SBLK	+ 0.93	CMBT
SBLK	+ 0.92	DAC

High negative correlations

ENOV	- 0.86	HNI
ENOV	- 0.81	CDLR
ENOV	- 0.77	DAC
ENOV	- 0.76	SBLK
ENOV	- 0.75	NMM
ENOV	- 0.75	BWLP

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
CMBT	2.00	0.36	0.16	8.74	1.85	(2.35)	4.58	(3.24)	13.21
DAC	0.91	0.15	0.12	0.59	0.89	(1.05)	2.47	(1.62)	5.60
BWLP	1.53	0.30	0.14	(2.57)	1.63	(1.70)	4.00	(2.78)	7.74
SBLK	1.40	0.26	0.12	2.30	1.82	(1.46)	3.15	(2.54)	9.64
CDLR	2.07	0.32	0.13	0.28	2.07	(2.18)	5.36	(3.41)	11.93
NMM	1.23	0.28	0.19	4.21	1.05	(1.46)	2.65	(2.05)	7.51
TRTN-PC	0.34	0.03	0.00	0.46	0.44	(0.33)	0.68	(0.94)	2.46
CMRE	1.53	0.38	0.17	0.90	1.72	(1.74)	3.28	(2.62)	11.00
HNI	1.07	0.33	0.31	0.51	0.63	(1.35)	2.93	(1.55)	6.56
ENOV	2.53	(0.58)	0.00	(0.20)	0.00	0.00	4.95	(5.64)	17.04

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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