Zip Co Correlations
| ZIZTF Stock | USD 1.14 0.11 8.80% |
The current 90-days correlation between Zip Co Limited and Regional Management Corp is 0.03 (i.e., Significant diversification). The correlation of Zip Co 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.
Zip Co Correlation With Market
Good diversification
The correlation between Zip Co Limited and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Zip Co Limited and DJI in the same portfolio, assuming nothing else is changed.
Zip |
The ability to find closely correlated positions to Zip Co could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Zip Co when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Zip Co - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Zip Co Limited to buy it.
Moving together with Zip Pink Sheet
| 0.83 | PYPL | PayPal Holdings Aggressive Push | PairCorr |
| 0.7 | SYF | Synchrony Financial | PairCorr |
| 0.7 | CNCK | Coincheck Group NV | PairCorr |
Moving against Zip Pink Sheet
| 0.86 | CBYDF | Corby Spirit | PairCorr |
| 0.85 | AXSM | Axsome Therapeutics | PairCorr |
| 0.83 | FWEDF | Fireweed Zinc | PairCorr |
| 0.82 | BAOB | Baraboo Bancorporation | PairCorr |
| 0.82 | DNCVF | Defiance Silver Corp | PairCorr |
| 0.82 | TCTZF | Tencent Holdings Downward Rally | PairCorr |
| 0.81 | NVRO | Nevro Corp | PairCorr |
| 0.74 | KGC | Kinross Gold Aggressive Push | PairCorr |
| 0.7 | V | Visa Class A Sell-off Trend | PairCorr |
| 0.66 | CDR-PB | Cedar Realty Trust | PairCorr |
| 0.64 | TOI | Oncology Institute Earnings Call This Week | PairCorr |
| 0.61 | INVX | Innovex International, Symbol Change | PairCorr |
| 0.61 | GORO | Gold Resource | PairCorr |
| 0.5 | MA | Mastercard | PairCorr |
| 0.49 | KEY-PI | KeyCorp | PairCorr |
| 0.44 | CDUAF | Canadian Utilities | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Zip Pink Sheet performing well and Zip Co 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 Zip Co'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| COSG | 11.75 | 2.74 | 0.00 | (0.81) | 0.00 | 100.00 | 150.00 | |||
| RM | 1.67 | (0.01) | 0.00 | (0.08) | 0.00 | 3.02 | 10.15 | |||
| ENVA | 1.70 | 0.02 | 0.00 | (0.06) | 0.00 | 3.54 | 8.86 | |||
| LPRO | 2.93 | (0.69) | 0.00 | (0.95) | 0.00 | 7.35 | 23.65 | |||
| XSHLF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| KYNC | 11.27 | 0.61 | 0.04 | (4.27) | 11.72 | 20.00 | 68.57 | |||
| NECA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CYIO | 6.67 | (0.12) | 0.00 | (0.12) | 0.00 | 12.82 | 44.01 | |||
| CURO | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| IX | 0.98 | 0.00 | 0.00 | (0.07) | 0.00 | 1.82 | 7.70 |
Be your own money manager
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Zip Co Corporate Management
| Martin Brooke | Chief Officer | Profile | |
| Ahu Chhapgar | Global Officer | Profile | |
| Tommy Mermelshtayn | Chief Officer | Profile | |
| Andy Mitchell | Chief Officer | Profile | |
| Larry Diamond | CEO, CoFounder | Profile | |
| Peter Gray | Global CoFounder | Profile | |
| Kerry Parkin | Director Global | Profile |