ZenaTech Correlations
| ZENA Stock | 3.49 0.53 13.18% |
The current 90-days correlation between ZenaTech and Air Products and is -0.03 (i.e., Good diversification). The correlation of ZenaTech 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.
ZenaTech Correlation With Market
Significant diversification
The correlation between ZenaTech and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ZenaTech and DJI in the same portfolio, assuming nothing else is changed.
ZenaTech |
Moving together with ZenaTech Stock
| 0.84 | NN | Nextnav Acquisition Corp | PairCorr |
| 0.67 | VRAR | Glimpse Group | PairCorr |
| 0.62 | VRNS | Varonis Systems | PairCorr |
| 0.73 | VRNT | Verint Systems | PairCorr |
| 0.73 | EVCM | EverCommerce | PairCorr |
| 0.73 | FLYW | Flywire Corp | PairCorr |
| 0.73 | FMTO | Femto Technologies Symbol Change | PairCorr |
| 0.78 | PAY | Paymentus Holdings Tech Boost | PairCorr |
Moving against ZenaTech Stock
| 0.85 | VRSN | VeriSign | PairCorr |
| 0.65 | JG | Aurora Mobile Tech Boost | PairCorr |
| 0.55 | FFIV | F5 Networks | PairCorr |
| 0.51 | BB | BlackBerry | PairCorr |
| 0.49 | DOCN | DigitalOcean Holdings | PairCorr |
| 0.41 | MQ | Marqeta | PairCorr |
| 0.4 | ZS | Zscaler | PairCorr |
| 0.39 | GB | Global Blue Group | PairCorr |
| 0.79 | XNET | Xunlei Ltd Adr Downward Rally | PairCorr |
| 0.74 | HCP | Hashicorp | PairCorr |
| 0.74 | SWI | SolarWinds Corp | PairCorr |
| 0.64 | VHC | VirnetX Holding Corp | PairCorr |
| 0.6 | DOX | Amdocs | PairCorr |
| 0.57 | TCX | Tucows Inc | PairCorr |
| 0.5 | FTNT | Fortinet | PairCorr |
| 0.5 | NET | Cloudflare | PairCorr |
| 0.38 | PGY | Pagaya Technologies Buyout Trend | PairCorr |
Related Correlations Analysis
| 0.61 | 0.5 | 0.36 | -0.07 | -0.25 | APD | ||
| 0.61 | 0.32 | 0.26 | 0.4 | 0.05 | ICAGY | ||
| 0.5 | 0.32 | 0.66 | -0.1 | 0.24 | SKYW | ||
| 0.36 | 0.26 | 0.66 | -0.09 | 0.05 | ECVT | ||
| -0.07 | 0.4 | -0.1 | -0.09 | 0.38 | KBDCY | ||
| -0.25 | 0.05 | 0.24 | 0.05 | 0.38 | CHKIF | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between ZenaTech Stock performing well and ZenaTech 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 ZenaTech'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| APD | 1.11 | (0.05) | 0.00 | (0.17) | 0.00 | 2.38 | 8.35 | |||
| ICAGY | 1.64 | 0.12 | 0.05 | 0.01 | 2.35 | 3.17 | 11.01 | |||
| SKYW | 1.93 | (0.20) | 0.00 | (0.29) | 0.00 | 3.56 | 12.55 | |||
| ECVT | 1.63 | (0.15) | 0.00 | (0.28) | 0.00 | 2.86 | 17.46 | |||
| KBDCY | 0.07 | 0.01 | 0.00 | (0.21) | 0.00 | 0.00 | 2.28 | |||
| CHKIF | 3.03 | 0.53 | 0.08 | (0.80) | 3.22 | 10.00 | 35.46 |
ZenaTech Corporate Executives
Elected by the shareholders, the ZenaTech's board of directors comprises two types of representatives: ZenaTech inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ZenaTech. The board's role is to monitor ZenaTech's management team and ensure that shareholders' interests are well served. ZenaTech'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, ZenaTech's outside directors are responsible for providing unbiased perspectives on the board's policies.