Zapp Electric Correlations

ZAPP Stock

0.89 0.02 2.30%

The current 90-days correlation between Zapp Electric Vehicles and The Bank of is 0.13 (i.e., Average diversification). The correlation of Zapp Electric 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Zapp Electric Correlation With Market

Modest diversification

The correlation between Zapp Electric Vehicles and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Zapp Electric Vehicles 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 Zapp Electric Vehicles. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with Zapp Stock

0.8	BWA	BorgWarner	Pair Corr
0.86	MGA	Magna International	Pair Corr
0.76	MOD	Modine Manufacturing	Pair Corr
0.89	GNTX	Gentex	Pair Corr
0.65	INVZ	Innoviz Technologies	Pair Corr
0.82	NWTN	NWTN Class B	Pair Corr
0.63	VFSWW	VinFast Auto	Pair Corr
0.69	RIVN	Rivian Automotive Aggressive Push	Pair Corr
0.75	TSLA	Tesla Inc Buyout Trend	Pair Corr
0.76	M	Macys Inc	Pair Corr
0.82	UA	Under Armour C	Pair Corr
0.69	DOGZ	Dogness International	Pair Corr
0.8	DOOO	BRP Inc Earnings Call Tomorrow	Pair Corr
0.79	VSCO	Victorias Secret	Pair Corr

Moving against Zapp Stock

0.78	APTV	Aptiv PLC	Pair Corr
0.69	DAN	Dana Inc	Pair Corr
0.68	JD	JD Inc Adr	Pair Corr
0.66	LI	Li Auto	Pair Corr
0.64	XOSWW	Xos Equity Warrants	Pair Corr
0.39	IH	Ihuman Inc	Pair Corr
0.86	AGS	PlayAGS	Pair Corr
0.84	EVRI	Everi Holdings	Pair Corr
0.78	VSTA	Vasta Platform	Pair Corr
0.71	VIPS	Vipshop Holdings	Pair Corr
0.7	AZO	AutoZone	Pair Corr
0.67	ADT	ADT Inc	Pair Corr

Related Correlations Analysis

	BK	BOSC	AMP	GAINN	IPG	CHR	GFL	IAS
BK		0.71	0.17	0.63	-0.18	-0.15	0.19	0.17	BK
BOSC	0.71		-0.03	0.69	-0.47	-0.22	0.17	-0.21	BOSC
AMP	0.17	-0.03		-0.5	0.54	0.82	-0.64	0.65	AMP
GAINN	0.63	0.69	-0.5		-0.61	-0.63	0.49	-0.49	GAINN
IPG	-0.18	-0.47	0.54	-0.61		0.54	-0.48	0.5	IPG
CHR	-0.15	-0.22	0.82	-0.63	0.54		-0.53	0.68	CHR
GFL	0.19	0.17	-0.64	0.49	-0.48	-0.53		-0.25	GFL
IAS	0.17	-0.21	0.65	-0.49	0.5	0.68	-0.25		IAS
	BK	BOSC	AMP	GAINN	IPG	CHR	GFL	IAS

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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

CHR	+ 0.82	AMP
BOSC	+ 0.71	BK
GAINN	+ 0.69	BOSC
IAS	+ 0.68	CHR
IAS	+ 0.65	AMP
GAINN	+ 0.63	BK

High negative correlations

GFL	- 0.64	AMP
CHR	- 0.63	GAINN
IPG	- 0.61	GAINN
GFL	- 0.53	CHR
GAINN	- 0.5	AMP
IAS	- 0.49	GAINN

Risk-Adjusted Indicators

There is a big difference between Zapp Stock performing well and Zapp Electric 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 Zapp Electric'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
BK	1.12	0.16	0.10	0.10	1.39	(1.17)	1.97	(3.18)	11.82
BOSC	2.46	0.31	0.11	0.21	2.55	(2.89)	5.45	(4.01)	19.52
AMP	1.27	(0.07)	0.00	(0.09)	0.00	0.00	2.19	(3.64)	8.79
GAINN	0.25	0.03	0.17	(0.40)	0.26	(0.30)	0.65	(0.56)	1.93
IPG	1.13	(0.18)	0.00	(0.33)	0.00	0.00	1.87	(2.85)	6.63
CHR	2.57	(0.63)	0.00	(0.92)	0.00	0.00	4.73	(6.69)	21.19
GFL	1.14	0.10	0.09	0.17	1.28	(1.23)	2.97	(2.11)	7.38
IAS	1.45	(0.16)	0.00	(0.20)	0.00	0.00	2.25	(3.51)	14.44

Zapp Electric Corporate Executives

Elected by the shareholders, the Zapp Electric's board of directors comprises two types of representatives: Zapp Electric inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Zapp. The board's role is to monitor Zapp Electric's management team and ensure that shareholders' interests are well served. Zapp Electric'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, Zapp Electric's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Warin Thanathawee	CoFounder Officer	Profile
	Kiattipong Arttachariya	Cofounder Officer	Profile

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