ZenaTech Correlations

ZENA Stock

6.19 1.16 23.06%

The current 90-days correlation between ZenaTech and Anheuser Busch Inbev is -0.03 (i.e., Good diversification). The correlation of ZenaTech 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.

ZenaTech Correlation With Market

Average diversification

The correlation between ZenaTech and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ZenaTech and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with ZenaTech Stock

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in ZenaTech. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For information on how to trade ZenaTech Stock refer to our How to Trade ZenaTech Stock guide.

Moving together with ZenaTech Stock

0.71	BB	BlackBerry	Pair Corr
0.69	JG	Aurora Mobile Tech Boost	Pair Corr
0.76	MQ	Marqeta	Pair Corr
0.82	ZS	Zscaler	Pair Corr
0.62	VRAR	Glimpse Group Tech Boost	Pair Corr
0.78	VRNS	Varonis Systems	Pair Corr
0.72	FFIV	F5 Networks	Pair Corr
0.61	FIVN	Five9 Inc	Pair Corr
0.7	BOX	Box Inc	Pair Corr
0.68	FOUR	Shift4 Payments	Pair Corr
0.71	GEN	Gen Digital	Pair Corr
0.81	MDB	MongoDB	Pair Corr
0.78	NET	Cloudflare	Pair Corr
0.61	ODD	ODDITY Tech	Pair Corr
0.76	PGY	Pagaya Technologies	Pair Corr

Moving against ZenaTech Stock

0.76	VERI	Veritone	Pair Corr
0.65	EXOD	Exodus Movement,	Pair Corr
0.69	XBP	XBP Europe Holdings	Pair Corr
0.67	APCXW	AppTech Payments Corp	Pair Corr
0.38	WIX	WixCom	Pair Corr

Related Correlations Analysis

	BUD	TAP-A	KO	FQVTF	VLGEA	FMX	UNFI	STKL
BUD		-0.65	0.11	0.86	0.72	0.68	0.04	0.79	BUD
TAP-A	-0.65		0.28	-0.84	-0.79	-0.19	0.35	-0.67	TAP-A
KO	0.11	0.28		-0.11	-0.08	0.58	0.22	-0.27	KO
FQVTF	0.86	-0.84	-0.11		0.78	0.47	-0.23	0.83	FQVTF
VLGEA	0.72	-0.79	-0.08	0.78		0.34	-0.06	0.67	VLGEA
FMX	0.68	-0.19	0.58	0.47	0.34		0.37	0.43	FMX
UNFI	0.04	0.35	0.22	-0.23	-0.06	0.37		0.14	UNFI
STKL	0.79	-0.67	-0.27	0.83	0.67	0.43	0.14		STKL
	BUD	TAP-A	KO	FQVTF	VLGEA	FMX	UNFI	STKL

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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

FQVTF	+ 0.86	BUD
STKL	+ 0.83	FQVTF
STKL	+ 0.79	BUD
VLGEA	+ 0.78	FQVTF
VLGEA	+ 0.72	BUD
FMX	+ 0.68	BUD

High negative correlations

FQVTF	- 0.84	TAP-A
VLGEA	- 0.79	TAP-A
STKL	- 0.67	TAP-A
TAP-A	- 0.65	BUD
STKL	- 0.27	KO
UNFI	- 0.23	FQVTF

Risk-Adjusted Indicators

There is a big difference between ZenaTech Stock performing well and ZenaTech 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 ZenaTech'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
BUD	0.95	0.14	(0.02)	0.64	0.74	(1.10)	2.29	(1.47)	6.90
TAP-A	0.85	(0.15)	0.00	(0.40)	0.00	0.00	2.95	(3.87)	16.92
KO	0.79	(0.01)	(0.22)	0.19	0.84	(0.81)	1.55	(1.28)	4.81
FQVTF	1.22	0.31	0.06	1.48	0.96	(2.21)	4.00	(2.50)	8.16
VLGEA	1.12	(0.05)	(0.14)	0.11	1.37	(1.25)	2.65	(2.12)	7.57
FMX	1.08	0.08	(0.06)	0.51	1.12	(1.17)	2.29	(2.14)	7.78
UNFI	2.37	(0.23)	(0.07)	0.01	3.35	(2.55)	5.36	(5.76)	17.78
STKL	3.04	0.47	0.18	0.58	2.49	(3.79)	7.64	(4.63)	33.17

ZenaTech Corporate Executives

Elected by the shareholders, the ZenaTech's board of directors comprises two types of representatives: ZenaTech inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ZenaTech. The board's role is to monitor ZenaTech's management team and ensure that shareholders' interests are well served. ZenaTech'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, ZenaTech's outside directors are responsible for providing unbiased perspectives on the board's policies.

James CPA

Corporate CFO

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