Zapp Electric Correlations
| ZAPPWDelisted Stock | 0 0.00 0.00% |
The current 90-days correlation between Zapp Electric Vehicles and Mativ Holdings is -0.05 (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
Significant diversification
The correlation between Zapp Electric Vehicles and DJI is 0.04 (i.e., Significant 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 against Zapp Stock
| 0.59 | FFAIW | Faraday Future Intel Symbol Change | PairCorr |
| 0.5 | F-PC | Ford Motor | PairCorr |
| 0.48 | F-PD | F PD | PairCorr |
| 0.45 | F-PB | Ford Motor | PairCorr |
| 0.44 | LOT | Lotus Technology American | PairCorr |
| 0.31 | LCID | Lucid Group Aggressive Push | PairCorr |
| 0.57 | MB | MasterBeef Group Ordinary | PairCorr |
| 0.55 | NWTNW | NWTN Warrant | PairCorr |
| 0.42 | RACE | Ferrari NV | PairCorr |
| 0.4 | BLBD | Blue Bird Corp | PairCorr |
| 0.38 | IP | International Paper | PairCorr |
| 0.37 | TSLA | Tesla Inc Earnings Call This Week | PairCorr |
| 0.36 | OI | O I Glass | PairCorr |
| 0.7 | WPRT | Westport Fuel Systems | PairCorr |
| 0.69 | FGI | FGI Industries | PairCorr |
| 0.51 | AGS | PlayAGS | PairCorr |
| 0.47 | EVRI | Everi Holdings | PairCorr |
| 0.45 | CCK | Crown Holdings Earnings Call This Week | PairCorr |
| 0.41 | FIGS | Figs Inc | PairCorr |
Related Correlations Analysis
| 0.87 | 0.69 | 0.93 | 0.74 | 0.93 | 0.89 | MATV | ||
| 0.87 | 0.39 | 0.81 | 0.5 | 0.9 | 0.9 | CF | ||
| 0.69 | 0.39 | 0.7 | 0.73 | 0.56 | 0.64 | HURC | ||
| 0.93 | 0.81 | 0.7 | 0.73 | 0.94 | 0.89 | HNI | ||
| 0.74 | 0.5 | 0.73 | 0.73 | 0.68 | 0.61 | PKE | ||
| 0.93 | 0.9 | 0.56 | 0.94 | 0.68 | 0.92 | ECVT | ||
| 0.89 | 0.9 | 0.64 | 0.89 | 0.61 | 0.92 | UAN | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MATV | 2.75 | 0.69 | 0.21 | 12.35 | 2.26 | 7.56 | 16.14 | |||
| CF | 1.32 | 0.43 | 0.14 | (1.28) | 1.53 | 2.98 | 10.32 | |||
| HURC | 2.29 | 0.33 | 0.12 | 0.47 | 2.37 | 5.50 | 13.02 | |||
| HNI | 1.36 | 0.14 | 0.13 | 0.25 | 1.18 | 3.58 | 8.64 | |||
| PKE | 1.52 | 0.52 | 0.38 | 0.85 | 0.72 | 3.99 | 9.11 | |||
| ECVT | 1.77 | 0.51 | 0.19 | 1.01 | 1.90 | 4.82 | 14.44 | |||
| UAN | 0.77 | 0.33 | 0.33 | 3.32 | 0.00 | 2.17 | 4.83 |
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 |
Still Interested in Zapp Electric Vehicles?
Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.