ZIM Integrated Correlations

ZIM Stock

USD 15.48 0.08 0.52%

The current 90-days correlation between ZIM Integrated Shipping and Golden Ocean Group is 0.45 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ZIM Integrated moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ZIM Integrated Shipping moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

ZIM Integrated Correlation With Market

Weak diversification

The correlation between ZIM Integrated Shipping and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ZIM Integrated Shipping and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with ZIM Stock

0.69	SB	Safe Bulkers Earnings Call This Week	Pair Corr
0.71	DAC	Danaos	Pair Corr
0.75	GSL	Global Ship Lease	Pair Corr
0.74	KEX	Kirby	Pair Corr
0.72	NAT	Nordic American Tankers	Pair Corr
0.87	NMM	Navios Maritime Partners Earnings Call This Week	Pair Corr
0.63	SFL	SFL Corporation	Pair Corr
0.82	HAFN	Hafnia Limited	Pair Corr
0.67	HSHP	Himalaya Shipping Symbol Change	Pair Corr
0.85	MATX	Matson Inc	Pair Corr
0.64	SBLK	Star Bulk Carriers	Pair Corr

Moving against ZIM Stock

0.76	HTCO	Caravelle International Symbol Change	Pair Corr
0.59	HMR	Heidmar Maritime Holdings	Pair Corr
0.53	UFG	Uni Fuels Holdings	Pair Corr
0.5	NCT	Intercont Limited	Pair Corr

Related Correlations Analysis

	GOGL	GNK	EGLE	GSL	DSX	SBLK	DAC	NMM	OP
GOGL		0.88	0.51	0.6	0.65	0.71	0.73	0.61	0.33	GOGL
GNK	0.88		0.65	0.73	0.58	0.84	0.82	0.74	0.36	GNK
EGLE	0.51	0.65		0.82	0.54	0.83	0.78	0.67	0.54	EGLE
GSL	0.6	0.73	0.82		0.74	0.96	0.95	0.86	0.62	GSL
DSX	0.65	0.58	0.54	0.74		0.68	0.7	0.68	0.64	DSX
SBLK	0.71	0.84	0.83	0.96	0.68		0.96	0.82	0.62	SBLK
DAC	0.73	0.82	0.78	0.95	0.7	0.96		0.89	0.57	DAC
NMM	0.61	0.74	0.67	0.86	0.68	0.82	0.89		0.44	NMM
OP	0.33	0.36	0.54	0.62	0.64	0.62	0.57	0.44		OP
	GOGL	GNK	EGLE	GSL	DSX	SBLK	DAC	NMM	OP

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Risk-Adjusted Indicators

There is a big difference between ZIM Stock performing well and ZIM Integrated 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 ZIM Integrated'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
GOGL	1.65	0.14	0.04	0.37	1.66	(1.98)	5.15	(2.85)	13.67
GNK	1.45	0.22	0.10	0.55	1.24	(1.68)	3.63	(2.40)	8.04
EGLE	0.61	0.12	0.11	0.28	0.44	(0.71)	1.59	(0.84)	4.26
GSL	1.21	0.45	0.24	1.06	1.00	(1.40)	3.67	(2.69)	7.94
DSX	2.25	0.16	0.03	0.57	2.30	(3.07)	5.11	(4.70)	15.45
SBLK	1.37	0.35	0.17	0.80	1.31	(1.59)	3.28	(2.56)	7.20
DAC	1.20	0.20	0.08	0.74	1.24	(1.34)	2.81	(2.20)	8.35
NMM	1.45	0.28	0.13	1.25	1.22	(1.70)	4.25	(2.25)	8.71
OP	9.75	3.14	0.24	(0.86)	8.23	(14.94)	38.24	(15.86)	158.16

ZIM Integrated Corporate Management

Noam Nativ	General VP	Profile
Arik Elimelech	Executive Organization	Profile
Yair Teitelbaum	Executive Sales	Profile
Danny Hoffmann	Ex Trade	Profile

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