ZYN Old Correlations

ZYNDelisted Stock   16.77  0.01  0.06%   
The current 90-days correlation between ZYN Old and ProShares UltraShort Basic is -0.03 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ZYN Old moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ZYN Old moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

ZYN Old Correlation With Market

Very weak diversification

The correlation between ZYN Old and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ZYN Old and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Current Watchlist to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index.

Moving together with ZYN Stock

  0.63GS Goldman Sachs GroupPairCorr
  0.81EXCH Exchange BanksharesPairCorr
  0.61AMP Ameriprise FinancialPairCorr
  0.65RKLIF Rentokil Initial plcPairCorr
  0.66TFII TFI International Earnings Call This WeekPairCorr
  0.78FRBA First BankPairCorr

Moving against ZYN Stock

  0.58FATBB FAT BrandsPairCorr
  0.44LADX LadRxPairCorr
  0.39FSTF First State FinancialPairCorr
  0.34NSTM Hollywood MediaPairCorr
  0.67LPTV Loop Media Earnings Call TodayPairCorr
  0.61NOKPF Nok Airlines PublicPairCorr

Related Correlations Analysis


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

GLCRGEOA
SMNSZK
AZYYHFSP
CHRIGEOA
OOSBHFSP
AZYYOOSB
  

High negative correlations

SMNGEOA
SMNGLCR
SZKGEOA
SZKGLCR
FLYDCHRI
SMNCHRI

Risk-Adjusted Indicators

There is a big difference between ZYN Stock performing well and ZYN Old 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 ZYN Old'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
GEOA  0.62  0.09  0.10  0.15  0.61 
 1.22 
 2.97 
GLCR  0.71  0.10  0.06  0.30  1.05 
 1.45 
 4.68 
CHRI  0.55 (0.04)(0.06)(0.01) 0.87 
 1.00 
 3.77 
MEME  3.58 (0.22) 0.00 (0.06) 0.00 
 8.55 
 20.71 
SZK  1.25 (0.20) 0.00  0.58  0.00 
 1.96 
 9.07 
HFSP  0.98 (0.12) 0.00  1.44  0.00 
 2.00 
 5.68 
OOSB  2.47 (0.60) 0.00 (0.30) 0.00 
 4.46 
 15.03 
FLYD  3.30  0.07  0.00  0.03  0.00 
 7.95 
 20.43 
AZYY  1.16 (0.15) 0.00 (0.12) 0.00 
 2.15 
 6.71 
SMN  1.62 (0.37) 0.00  0.23  0.00 
 2.98 
 7.65 

Delisting Warning - ZYN

ZYN Old was delisted

The entity ZYN Old with a symbol ZYN was delisted from NASDAQ Exchange. Please try Defiance Daily Target with a symbol XPM from now on. Check all delisted instruments accross multiple markets.

Still Interested in ZYN Old?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.