Zeotech Correlations
| ZEO Stock | 0.07 0 4.55% |
The current 90-days correlation between Zeotech and Alternative Investment Trust is -0.37 (i.e., Very good diversification). The correlation of Zeotech 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.
Zeotech Correlation With Market
Significant diversification
The correlation between Zeotech and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Zeotech and DJI in the same portfolio, assuming nothing else is changed.
Zeotech |
The ability to find closely correlated positions to Zeotech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Zeotech 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 Zeotech - 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 Zeotech to buy it.
Moving against Zeotech Stock
| 0.64 | BIS | Bisalloy Steel Group | PairCorr |
| 0.63 | ATM | Aneka Tambang TBK | PairCorr |
| 0.63 | NABPF | National Australia Bank | PairCorr |
| 0.63 | NABPH | National Australia Bank | PairCorr |
| 0.61 | WBCPJ | Westpac Banking | PairCorr |
| 0.61 | BTI | Bailador Technology | PairCorr |
| 0.56 | CBAPJ | Commonwealth Bank | PairCorr |
| 0.55 | AAI | Alcoa | PairCorr |
| 0.51 | MQG | Macquarie Group | PairCorr |
| 0.46 | AN3PK | Australia and New | PairCorr |
| 0.45 | CBA | Commonwealth Bank | PairCorr |
| 0.44 | WBCPM | Westpac Banking | PairCorr |
| 0.43 | NABPI | National Australia Bank | PairCorr |
| 0.43 | CBAPM | Commonwealth Bank | PairCorr |
| 0.42 | NABPJ | National Australia Bank | PairCorr |
| 0.41 | TNE | Technology One | PairCorr |
Related Correlations Analysis
| 0.86 | 0.85 | 0.29 | 0.85 | 0.7 | 0.87 | SUL | ||
| 0.86 | 0.82 | 0.58 | 0.76 | 0.85 | 0.91 | BKI | ||
| 0.85 | 0.82 | 0.43 | 0.82 | 0.73 | 0.87 | MFF | ||
| 0.29 | 0.58 | 0.43 | 0.36 | 0.54 | 0.54 | MBH | ||
| 0.85 | 0.76 | 0.82 | 0.36 | 0.5 | 0.9 | DUI | ||
| 0.7 | 0.85 | 0.73 | 0.54 | 0.5 | 0.68 | AIQ | ||
| 0.87 | 0.91 | 0.87 | 0.54 | 0.9 | 0.68 | ARG | ||
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Risk-Adjusted Indicators
There is a big difference between Zeotech Stock performing well and Zeotech 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 Zeotech'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SUL | 1.06 | 0.21 | 0.09 | 1.15 | 0.90 | 2.44 | 7.27 | |||
| BKI | 0.54 | 0.14 | 0.02 | 1.18 | 0.25 | 1.76 | 3.04 | |||
| MFF | 0.66 | 0.06 | (0.04) | 0.36 | 0.76 | 1.71 | 5.16 | |||
| MBH | 1.99 | 0.21 | 0.02 | (0.98) | 2.06 | 5.26 | 17.49 | |||
| DUI | 0.51 | 0.13 | (0.02) | (3.04) | 0.31 | 1.31 | 3.02 | |||
| AIQ | 0.68 | 0.30 | 0.00 | 1.13 | 0.00 | 0.00 | 21.19 | |||
| ARG | 0.42 | 0.11 | (0.03) | 1.12 | 0.08 | 1.02 | 3.33 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Zeotech 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.Did you try this?
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Zeotech Corporate Management
Elected by the shareholders, the Zeotech's board of directors comprises two types of representatives: Zeotech inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Zeotech. The board's role is to monitor Zeotech's management team and ensure that shareholders' interests are well served. Zeotech'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, Zeotech's outside directors are responsible for providing unbiased perspectives on the board's policies.
| BSc BSC | Chief Officer | Profile | |
| AM AM | Company Sec | Profile | |
| Alister Morrison | Chief Officer | Profile | |
| John BE | Research Projects | Profile | |
| Tim Anderson | Chief Officer | Profile | |
| Scott Burkhart | Chief Officer | Profile |