ZIM Integrated Correlations

ZIM Integrated Correlation With Market

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.

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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 + 0.83 GSL OP + 0.75 NMM NMM + 0.73 DSX DAC + 0.68 GSL DAC + 0.63 SBLK OP + 0.55 DSX

High negative correlations    OP - 0.77 SBLK OP - 0.7 GSL GSL - 0.5 GOGL NMM - 0.42 SBLK SBLK - 0.42 GOGL OP - 0.35 DAC

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.