Zapp Electric Correlations
| ZAPPDelisted Stock | 0.04 0.01 22.22% |
The current 90-days correlation between Zapp Electric Vehicles and Mullen Automotive is -0.11 (i.e., Good diversification). The correlation of Zapp Electric 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.
Zapp Electric Correlation With Market
Good diversification
The correlation between Zapp Electric Vehicles 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 Zapp Electric Vehicles and DJI in the same portfolio, assuming nothing else is changed.
Zapp |
Moving together with Zapp Stock
Moving against Zapp Stock
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| 0.57 | LCID | Lucid Group Aggressive Push | PairCorr |
| 0.55 | LOBO | LOBO EV TECHNOLOGIES | PairCorr |
| 0.54 | XPEV | Xpeng Inc Aggressive Push | PairCorr |
| 0.36 | GGROW | Gogoro Equity Warrant | PairCorr |
| 0.61 | PSNYW | Polestar Automotive | PairCorr |
| 0.64 | FRSX | Foresight Autonomous | PairCorr |
| 0.55 | CHA | Chagee Holdings Downward Rally | PairCorr |
| 0.43 | VIRC | Virco Manufacturing | 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
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Risk-Adjusted Indicators
There is a big difference between Zapp Stock performing well and Zapp Electric 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 Zapp Electric'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AIEV | 14.49 | (8.72) | 0.00 | (8.41) | 0.00 | 35.71 | 70.83 | |||
| EVTV | 3.55 | (0.42) | 0.00 | (0.66) | 0.00 | 6.25 | 26.11 | |||
| FFAI | 6.12 | 0.94 | 0.16 | 0.52 | 6.03 | 16.57 | 37.71 | |||
| LOBO | 6.97 | 0.00 | 0.00 | 0.13 | 0.00 | 22.39 | 91.11 | |||
| MULN | 14.10 | (7.96) | 0.00 | (21.17) | 0.00 | 9.09 | 248.33 | |||
| NWTN | 10.58 | 3.15 | 0.34 | 1.66 | 7.67 | 37.25 | 99.12 | |||
| VLCN | 6.79 | 2.18 | 0.41 | 1.27 | 4.40 | 9.63 | 30.72 | |||
| ZCAR | 18.58 | 4.27 | 0.20 | 1.31 | 15.62 | 35.70 | 195.53 |
Zapp Electric Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Zapp Electric stock to make a market-neutral strategy. Peer analysis of Zapp Electric could also be used in its relative valuation, which is a method of valuing Zapp Electric by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Zapp Electric Corporate Executives
Elected by the shareholders, the Zapp Electric's board of directors comprises two types of representatives: Zapp Electric inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Zapp. The board's role is to monitor Zapp Electric's management team and ensure that shareholders' interests are well served. Zapp Electric's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Zapp Electric's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Warin Thanathawee | CoFounder Officer | Profile | |
| Kiattipong Arttachariya | Cofounder Officer | Profile |
Still Interested in Zapp Electric Vehicles?
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