ZEN Graphene Correlations

ZTEK Stock

USD 1.20 0.05 4.35%

The current 90-days correlation between ZEN Graphene Solutions and Milestone Scientific is 0.16 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ZEN Graphene moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ZEN Graphene Solutions moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

ZEN Graphene Correlation With Market

Significant diversification

The correlation between ZEN Graphene Solutions 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 ZEN Graphene Solutions 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 ZEN Graphene Solutions. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with ZEN Stock

0.71

MLSS

Milestone Scientific Earnings Call This Week

Pair Corr

Moving against ZEN Stock

0.43	OCX	OncoCyte Corp	Pair Corr
0.37	INBX	Inhibrx Symbol Change	Pair Corr

Related Correlations Analysis

	MLSS	PDEX	TPGVF	POCI	NEPH	BDXB	KRMD	ATRI	LMAT	HOLX
MLSS		-0.43	0.23	0.34	0.44	0.0	0.58	0.0	0.54	0.14	MLSS
PDEX	-0.43		0.02	0.19	0.1	0.0	-0.33	0.0	-0.51	0.32	PDEX
TPGVF	0.23	0.02		0.69	-0.03	0.0	0.81	0.0	0.63	0.78	TPGVF
POCI	0.34	0.19	0.69		0.17	0.0	0.69	0.0	0.24	0.71	POCI
NEPH	0.44	0.1	-0.03	0.17		0.0	0.11	0.0	0.06	0.09	NEPH
BDXB	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	BDXB
KRMD	0.58	-0.33	0.81	0.69	0.11	0.0		0.0	0.74	0.57	KRMD
ATRI	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	ATRI
LMAT	0.54	-0.51	0.63	0.24	0.06	0.0	0.74	0.0		0.36	LMAT
HOLX	0.14	0.32	0.78	0.71	0.09	0.0	0.57	0.0	0.36		HOLX
	MLSS	PDEX	TPGVF	POCI	NEPH	BDXB	KRMD	ATRI	LMAT	HOLX

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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

KRMD	+ 0.81	TPGVF
HOLX	+ 0.78	TPGVF
LMAT	+ 0.74	KRMD
HOLX	+ 0.71	POCI
POCI	+ 0.69	TPGVF
KRMD	+ 0.69	POCI

High negative correlations

LMAT	- 0.51	PDEX
PDEX	- 0.43	MLSS
KRMD	- 0.33	PDEX
NEPH	- 0.03	TPGVF
HOLX	- 0.0	ATRI
LMAT	- 0.0	ATRI

Risk-Adjusted Indicators

There is a big difference between ZEN Stock performing well and ZEN Graphene 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 ZEN Graphene'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
MLSS	3.96	0.45	0.09	0.51	4.73	(4.52)	7.63	(8.11)	37.01
PDEX	3.76	0.21	0.05	0.25	4.14	(4.18)	8.67	(6.88)	34.56
TPGVF	1.00	(0.52)	0.00	(2.09)	0.00	0.00	0.00	0.00	27.59
POCI	2.35	(0.19)	0.00	(0.61)	0.00	0.00	4.44	(4.05)	13.51
NEPH	2.62	0.04	0.02	0.06	3.11	(3.02)	5.48	(5.62)	20.97
BDXB	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KRMD	2.80	(0.46)	0.00	(0.30)	0.00	0.00	6.52	(5.70)	27.21
ATRI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LMAT	1.57	(0.06)	0.00	(0.13)	0.00	0.00	2.50	(3.21)	10.56
HOLX	1.10	(0.22)	0.00	(0.66)	0.00	0.00	1.83	(2.07)	12.53

ZEN Graphene Corporate Management

Gregory CFA	CEO Director	Profile
Ryan Shacklock	Senior Development	Profile
CFA BA	COO Director	Profile
DMIN BSc	Chief Officer	Profile

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