Zapp Electric Correlations

ZAPPW Stock

0.01 0.0001 1.06%

The current 90-days correlation between Zapp Electric Vehicles and SEI Investments is 0.26 (i.e., Modest 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 0.23 (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 against Zapp Stock

0.46	GNTX	Gentex	Pair Corr
0.43	NWTN	NWTN Class B	Pair Corr
0.39	M	Macys Inc	Pair Corr
0.38	MGA	Magna International	Pair Corr
0.37	BH	Biglari Holdings	Pair Corr
0.4	DOGZ	Dogness International	Pair Corr
0.39	ANF	Abercrombie Fitch Sell-off Trend	Pair Corr
0.37	FIVE	Five Below	Pair Corr
0.37	ASO	Academy Sports Outdoors	Pair Corr
0.35	VSCO	Victorias Secret	Pair Corr
0.33	WOOF	Pet Acquisition LLC	Pair Corr

Related Correlations Analysis

	SEIC	NDAQ	DTATF	VCSA	KEY-PI	SBKO	CHBAY
SEIC		0.78	-0.44	-0.26	-0.39	-0.13	0.0	SEIC
NDAQ	0.78		-0.28	0.07	0.02	-0.08	0.0	NDAQ
DTATF	-0.44	-0.28		0.3	0.41	0.0	0.0	DTATF
VCSA	-0.26	0.07	0.3		0.83	-0.48	0.0	VCSA
KEY-PI	-0.39	0.02	0.41	0.83		-0.33	0.0	KEY-PI
SBKO	-0.13	-0.08	0.0	-0.48	-0.33		0.0	SBKO
CHBAY	0.0	0.0	0.0	0.0	0.0	0.0		CHBAY
	SEIC	NDAQ	DTATF	VCSA	KEY-PI	SBKO	CHBAY

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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

KEY-PI	+ 0.83	VCSA
NDAQ	+ 0.78	SEIC
KEY-PI	+ 0.41	DTATF
VCSA	+ 0.3	DTATF
VCSA	+ 0.07	NDAQ
KEY-PI	+ 0.02	NDAQ

High negative correlations

SBKO	- 0.48	VCSA
DTATF	- 0.44	SEIC
KEY-PI	- 0.39	SEIC
SBKO	- 0.33	KEY-PI
DTATF	- 0.28	NDAQ
VCSA	- 0.26	SEIC

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
SEIC	1.01	(0.11)	0.00	(0.16)	0.00	0.00	2.10	(2.42)	7.20
NDAQ	1.11	(0.02)	0.00	(0.06)	0.00	0.00	2.17	(2.70)	6.36
DTATF	0.06	0.02	0.00	0.61	0.00	0.00	0.00	0.00	2.02
VCSA	2.04	0.55	0.22	2.22	1.85	(2.86)	4.72	(4.36)	31.66
KEY-PI	0.58	0.06	0.13	0.37	0.69	(0.60)	1.31	(1.05)	3.97
SBKO	0.79	0.00	0.00	0.00	0.00	0.00	1.69	(2.01)	13.74
CHBAY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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