ZIM Integrated Correlations

ZIM Stock

USD 22.14 0.29 1.33%

The current 90-days correlation between ZIM Integrated Shipping and Golden Ocean Group is 0.3 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ZIM Integrated moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ZIM Integrated Shipping moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

ZIM Integrated Correlation With Market

Average diversification

The correlation between ZIM Integrated Shipping and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ZIM Integrated Shipping 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 ZIM Integrated Shipping. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with ZIM Stock

0.65

DAC

Danaos

Pair Corr

Moving against ZIM Stock

0.5	SFL	SFL Corporation	Pair Corr
0.39	CMRE-PC	Costamare	Pair Corr
0.33	GSL-PB	Global Ship Lease	Pair Corr
0.55	AP	Ampco Pittsburgh	Pair Corr
0.53	J	Jacobs Solutions	Pair Corr
0.51	SMHI	SEACOR Marine Holdings Earnings Call Today	Pair Corr
0.41	TORO	Toro	Pair Corr
0.37	DE	Deere Company	Pair Corr
0.34	CP	Canadian Pacific Railway	Pair Corr

Related Correlations Analysis

	GOGL	GNK	EGLE	GSL	DSX	SBLK	DAC	NMM	OP
GOGL		0.93	0.0	0.55	0.72	0.96	0.65	0.85	0.58	GOGL
GNK	0.93		0.0	0.39	0.6	0.95	0.5	0.88	0.76	GNK
EGLE	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	EGLE
GSL	0.55	0.39	0.0		0.61	0.51	0.87	0.58	0.18	GSL
DSX	0.72	0.6	0.0	0.61		0.7	0.6	0.72	0.43	DSX
SBLK	0.96	0.95	0.0	0.51	0.7		0.64	0.88	0.63	SBLK
DAC	0.65	0.5	0.0	0.87	0.6	0.64		0.59	0.17	DAC
NMM	0.85	0.88	0.0	0.58	0.72	0.88	0.59		0.79	NMM
OP	0.58	0.76	0.0	0.18	0.43	0.63	0.17	0.79		OP
	GOGL	GNK	EGLE	GSL	DSX	SBLK	DAC	NMM	OP

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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

SBLK	+ 0.96	GOGL
SBLK	+ 0.95	GNK
GNK	+ 0.93	GOGL
NMM	+ 0.88	GNK
NMM	+ 0.88	SBLK
DAC	+ 0.87	GSL

High negative correlations

OP	- 0.0	EGLE
NMM	- 0.0	EGLE
DAC	- 0.0	EGLE
SBLK	- 0.0	EGLE
DSX	- 0.0	EGLE
GSL	- 0.0	EGLE

Risk-Adjusted Indicators

There is a big difference between ZIM Stock performing well and ZIM Integrated 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 ZIM Integrated'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
GOGL	1.58	(0.34)	4.66	3.78	(3.02)	7.77
GNK	1.47	(0.32)	(0.60)	3.06	(3.81)	8.40
EGLE	0.00	0.00	0.00	0.00	0.00	0.00
GSL	1.09	(0.08)	(0.57)	2.59	(2.12)	6.56
DSX	1.81	(0.22)	1.53	3.24	(4.62)	13.18
SBLK	1.67	(0.35)	(6.31)	3.41	(3.55)	12.40
DAC	1.19	(0.05)	(0.15)	2.34	(2.53)	6.65
NMM	1.53	(0.31)	(1.34)	2.93	(3.51)	11.00
OP	1.94	(0.50)	(2.90)	3.94	(4.55)	14.58

ZIM Integrated Corporate Management

Noam Nativ	General VP	Profile
Arik Elimelech	Executive Organization	Profile
Yair Teitelbaum	Executive Sales	Profile
Danny Hoffmann	Ex Trade	Profile

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