ZKH Group Correlations

ZKH Group Correlation With Market

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

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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    IPGP + 0.83 TSM TSM + 0.77 EME IPGP + 0.73 EME TSM + 0.7 ARM AMD + 0.64 ARM AMD + 0.63 BLD

High negative correlations    ARM - 0.79 TSN AMD - 0.7 TSN IPGP - 0.62 TSN TSM - 0.62 TSN EME - 0.32 TSN BLD - 0.28 EME

Risk-Adjusted Indicators

There is a big difference between ZKH Stock performing well and ZKH Group 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 ZKH Group'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.