ZALANDO SE Correlations

ZLNDY Stock

USD 15.52 0.45 2.99%

The correlation of ZALANDO SE 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.

ZALANDO SE Correlation With Market

Significant diversification

The correlation between ZALANDO SE ADR and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ZALANDO SE ADR and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to ZALANDO SE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ZALANDO SE 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 ZALANDO SE - 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 ZALANDO SE ADR to buy it.

Moving together with ZALANDO Pink Sheet

0.8	BABAF	Alibaba Group Holding	Pair Corr
0.78	BABA	Alibaba Group Holding Aggressive Push	Pair Corr
0.76	PDD	PDD Holdings	Pair Corr
0.72	MPNGF	Meituan	Pair Corr
0.74	MPNGY	Meituan ADR Downward Rally	Pair Corr
0.74	JDCMF	Jd Com Inc	Pair Corr
0.83	JD	JD Inc Adr Aggressive Push	Pair Corr
0.75	MET	MetLife Sell-off Trend	Pair Corr
0.75	JXN-PA	Jackson Financial	Pair Corr
0.8	HD	Home Depot	Pair Corr
0.75	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.81	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.79	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr

Moving against ZALANDO Pink Sheet

0.81	KSPI	Joint Stock	Pair Corr
0.4	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	ASOMF	BHOOY	ALEGF	AKA	ASOMY	W	ETSY	RBZHF	CNVAF
ASOMF		0.43	0.0	-0.21	-0.55	-0.18	-0.6	0.0	0.0	ASOMF
BHOOY	0.43		0.0	-0.42	-0.59	-0.47	0.09	0.0	0.0	BHOOY
ALEGF	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	ALEGF
AKA	-0.21	-0.42	0.0		0.32	0.2	0.0	0.0	0.0	AKA
ASOMY	-0.55	-0.59	0.0	0.32		0.77	0.15	0.0	0.0	ASOMY
W	-0.18	-0.47	0.0	0.2	0.77		0.04	0.0	0.0	W
ETSY	-0.6	0.09	0.0	0.0	0.15	0.04		0.0	0.0	ETSY
RBZHF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		-1.0	RBZHF
CNVAF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-1.0		CNVAF
	ASOMF	BHOOY	ALEGF	AKA	ASOMY	W	ETSY	RBZHF	CNVAF

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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

W	+ 0.77	ASOMY
BHOOY	+ 0.43	ASOMF
ASOMY	+ 0.32	AKA
W	+ 0.2	AKA
ETSY	+ 0.15	ASOMY
ETSY	+ 0.09	BHOOY

High negative correlations

CNVAF	- 1.0	RBZHF
ETSY	- 0.6	ASOMF
ASOMY	- 0.59	BHOOY
ASOMY	- 0.55	ASOMF
W	- 0.47	BHOOY
AKA	- 0.42	BHOOY

Risk-Adjusted Indicators

There is a big difference between ZALANDO Pink Sheet performing well and ZALANDO SE 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 ZALANDO SE'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
ASOMF	0.49	0.27	0.00	(0.96)	0.00	0.00	0.00	0.00	16.34
BHOOY	0.43	0.21	0.00	9.37	0.00	0.00	0.00	0.00	7.87
ALEGF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AKA	5.13	(0.09)	0.02	0.09	6.53	(5.72)	10.91	(10.91)	39.74
ASOMY	1.89	0.16	0.00	(0.29)	2.36	(3.23)	5.22	(4.56)	23.64
W	2.73	0.11	0.02	0.32	3.61	(2.62)	5.74	(6.15)	16.38
ETSY	1.70	(0.09)	(0.05)	0.01	2.27	(1.77)	3.43	(4.28)	13.37
RBZHF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CNVAF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in ZALANDO SE without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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