ZK International Correlations

ZKIN Stock

USD 1.38 0.03 2.22%

The current 90-days correlation between ZK International and Hongli Group Ordinary is -0.04 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ZK International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ZK International Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

ZK International Correlation With Market

Significant diversification

The correlation between ZK International Group and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ZK International Group 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 ZK International Group. 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 ZKIN Stock

0.71	AA	Alcoa Corp	Pair Corr
0.69	CC	Chemours	Pair Corr
0.75	CE	Celanese	Pair Corr
0.69	CF	CF Industries Holdings	Pair Corr
0.84	EU	enCore Energy Corp	Pair Corr
0.85	FF	FutureFuel Corp	Pair Corr
0.73	IE	Ivanhoe Electric	Pair Corr
0.87	NX	Quanex Building Products	Pair Corr
0.66	OC	Owens Corning	Pair Corr
0.85	TT	Trane Technologies plc	Pair Corr
0.81	WS	Worthington Steel	Pair Corr

Moving against ZKIN Stock

0.93	WPM	Wheaton Precious Metals Sell-off Trend	Pair Corr
0.92	GFI	Gold Fields	Pair Corr
0.92	GOLD	Barrick Gold Corp	Pair Corr
0.91	AEM	Agnico Eagle Mines Sell-off Trend	Pair Corr
0.9	PAAS	Pan American Silver	Pair Corr
0.89	MT	ArcelorMittal SA ADR	Pair Corr
0.88	EQX	Equinox Gold Corp	Pair Corr
0.88	SAND	Sandstorm Gold	Pair Corr
0.87	AU	AngloGold Ashanti plc	Pair Corr
0.87	DC	Dakota Gold Corp	Pair Corr
0.86	MP	MP Materials Corp	Pair Corr
0.82	NEM	Newmont Goldcorp Corp	Pair Corr
0.79	X	United States Steel	Pair Corr
0.78	KGC	Kinross Gold Aggressive Push	Pair Corr
0.76	NC	NACCO Industries	Pair Corr
0.68	BTG	B2Gold Corp	Pair Corr
0.68	CX	Cemex SAB de	Pair Corr
0.64	NB	NioCorp Developments	Pair Corr
0.49	IAG	IAMGold	Pair Corr
0.47	HL	Hecla Mining	Pair Corr
0.42	AG	First Majestic Silver	Pair Corr
0.42	DD	Dupont De Nemours	Pair Corr
0.91	AGI	Alamos Gold	Pair Corr
0.85	VALE	Vale SA ADR	Pair Corr
0.69	VZLA	Vizsla Resources Corp	Pair Corr
0.63	HYMCL	Hycroft Mining Holding	Pair Corr
0.6	TX	Ternium SA ADR	Pair Corr
0.57	VOXR	Vox Royalty Corp	Pair Corr
0.56	WLKP	Westlake Chemical	Pair Corr
0.51	RS	Reliance Steel Aluminum	Pair Corr
0.51	BSLKW	Bolt Projects Holdings, Symbol Change	Pair Corr

Related Correlations Analysis

	HLP	RS	SID	MT	MSB	STLD	CLF	X	NUE	GGB
HLP		-0.18	0.14	-0.03	-0.01	-0.18	-0.01	-0.22	-0.17	0.17	HLP
RS	-0.18		0.15	0.43	0.72	0.89	0.71	0.67	0.83	0.04	RS
SID	0.14	0.15		0.45	0.35	0.2	0.09	0.33	0.25	0.64	SID
MT	-0.03	0.43	0.45		0.58	0.5	0.14	0.73	0.67	0.11	MT
MSB	-0.01	0.72	0.35	0.58		0.69	0.48	0.66	0.67	0.02	MSB
STLD	-0.18	0.89	0.2	0.5	0.69		0.78	0.78	0.94	0.02	STLD
CLF	-0.01	0.71	0.09	0.14	0.48	0.78		0.41	0.7	0.0	CLF
X	-0.22	0.67	0.33	0.73	0.66	0.78	0.41		0.77	-0.05	X
NUE	-0.17	0.83	0.25	0.67	0.67	0.94	0.7	0.77		0.02	NUE
GGB	0.17	0.04	0.64	0.11	0.02	0.02	0.0	-0.05	0.02		GGB
	HLP	RS	SID	MT	MSB	STLD	CLF	X	NUE	GGB

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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

NUE	+ 0.94	STLD
STLD	+ 0.89	RS
NUE	+ 0.83	RS
CLF	+ 0.78	STLD
X	+ 0.78	STLD
NUE	+ 0.77	X

High negative correlations

X	- 0.22	HLP
STLD	- 0.18	HLP
RS	- 0.18	HLP
NUE	- 0.17	HLP
GGB	- 0.05	X
MT	- 0.03	HLP

Risk-Adjusted Indicators

There is a big difference between ZKIN Stock performing well and ZK International 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 ZK International'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
HLP	2.58	0.00	0.02	(0.04)	3.12	(3.32)	5.38	(5.15)	24.37
RS	1.22	0.03	0.03	0.01	1.51	(1.27)	2.87	(2.69)	5.82
SID	2.53	0.08	0.03	0.13	2.97	(3.17)	7.19	(4.55)	16.53
MT	2.06	0.44	0.22	0.85	1.78	(2.53)	6.03	(3.17)	16.40
MSB	2.70	0.40	0.09	0.33	4.06	(2.58)	5.88	(6.42)	23.92
STLD	1.59	0.12	0.06	0.07	1.77	(1.78)	4.13	(3.16)	10.47
CLF	3.00	(0.04)	0.00	(0.27)	0.00	0.00	7.86	(6.14)	28.73
X	2.35	0.42	0.16	0.45	2.47	(2.66)	5.46	(4.07)	16.06
NUE	1.62	0.10	0.04	0.05	2.24	(1.55)	3.99	(3.37)	11.36
GGB	1.74	(0.07)	0.00	(0.12)	0.00	0.00	3.96	(3.56)	10.97

ZK International Corporate Management

Jiancong Huang	Chairman CoFounder	Profile
Guolin Wang	CoFounder Director	Profile
Shaochai Yang	Chief Officer	Profile
Di Chen	Secretary	Profile
Xiaofen Jin	Chief Officer	Profile

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