Zenvia Correlations

ZENV Stock

USD 1.53 0.02 1.32%

The correlation of Zenvia 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.

Zenvia Correlation With Market

Modest diversification

The correlation between Zenvia Inc and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Zenvia Inc 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 Zenvia Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Zenvia Stock

0.62	VERX	Vertex	Pair Corr
0.62	VTEX	VTEX	Pair Corr
0.64	ILLRW	Triller Group Symbol Change	Pair Corr
0.81	EGAN	eGain	Pair Corr
0.71	ELWS	Earlyworks Co, Tech Boost	Pair Corr

Moving against Zenvia Stock

0.7	QH	Quhuo	Pair Corr
0.6	ZI	ZoomInfo Technologies	Pair Corr

Related Correlations Analysis

	TAOP	BLIN	CISO	CINT	STTTF	SKKY	TONR	BCAN	FUAPF	VISM
TAOP		-0.04	0.84	-0.61	-0.17	-0.38	0.09	0.0	0.07	0.4	TAOP
BLIN	-0.04		-0.06	0.15	-0.25	-0.1	0.14	0.0	0.26	-0.1	BLIN
CISO	0.84	-0.06		-0.53	-0.2	-0.25	0.13	0.0	0.09	0.39	CISO
CINT	-0.61	0.15	-0.53		-0.13	0.58	0.09	0.0	0.17	-0.59	CINT
STTTF	-0.17	-0.25	-0.2	-0.13		-0.2	-0.51	0.0	-0.62	-0.26	STTTF
SKKY	-0.38	-0.1	-0.25	0.58	-0.2		0.1	0.0	0.09	-0.28	SKKY
TONR	0.09	0.14	0.13	0.09	-0.51	0.1		0.0	0.33	0.13	TONR
BCAN	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	BCAN
FUAPF	0.07	0.26	0.09	0.17	-0.62	0.09	0.33	0.0		0.2	FUAPF
VISM	0.4	-0.1	0.39	-0.59	-0.26	-0.28	0.13	0.0	0.2		VISM
	TAOP	BLIN	CISO	CINT	STTTF	SKKY	TONR	BCAN	FUAPF	VISM

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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

CISO	+ 0.84	TAOP
SKKY	+ 0.58	CINT
VISM	+ 0.4	TAOP
VISM	+ 0.39	CISO
FUAPF	+ 0.33	TONR
FUAPF	+ 0.26	BLIN

High negative correlations

FUAPF	- 0.62	STTTF
CINT	- 0.61	TAOP
VISM	- 0.59	CINT
CINT	- 0.53	CISO
TONR	- 0.51	STTTF
SKKY	- 0.38	TAOP

Risk-Adjusted Indicators

There is a big difference between Zenvia Stock performing well and Zenvia 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 Zenvia'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
TAOP	3.85	(0.23)	0.00	0.24	0.00	0.00	10.71	(9.68)	42.41
BLIN	5.34	0.33	0.07	9.68	5.98	(6.41)	11.88	(10.07)	45.75
CISO	5.86	(0.62)	0.00	4.26	0.00	0.00	10.16	(14.29)	73.53
CINT	1.94	0.05	0.00	(0.06)	0.00	0.00	3.24	(4.38)	10.25
STTTF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SKKY	6.72	0.20	0.01	0.03	8.29	(13.92)	15.49	(18.29)	65.52
TONR	3.03	0.12	0.00	(0.01)	0.00	0.00	0.00	0.00	100.00
BCAN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FUAPF	14.06	1.43	0.07	25.82	16.37	(19.27)	33.33	(33.33)	103.33
VISM	9.65	0.19	0.03	(0.19)	11.58	(14.87)	20.00	(21.21)	91.67

Zenvia Corporate Management

Cassio Machado	CEO, Founder	Profile
Gabriela Vargas	Chief Officer	Profile
Luca Bazuro	Chief Consulting	Profile
Marcelo Wakatsuki	Chief Officer	Profile
Gilsinei Hansen	Interim Officer	Profile
Mariana Cambiaghi	Chief Director	Profile
Lilian Lima	Chief Officer	Profile

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