Zai Lab Correlations

ZLAB Stock  USD 35.65  0.71  2.03%   
The current 90-days correlation between Zai Lab and Academy Sports Outdoors is 0.12 (i.e., Average diversification). The correlation of Zai Lab 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.

Zai Lab Correlation With Market

Weak diversification

The correlation between Zai Lab and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Zai Lab and DJI in the same portfolio, assuming nothing else is changed.
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zai Lab. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
For information on how to trade Zai Stock refer to our How to Trade Zai Stock guide.

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Moving against Zai Stock

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Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Zai Stock performing well and Zai Lab 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 Zai Lab'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.

Zai Lab Corporate Management

Peter HuangChief OfficerProfile
Dr MBAChief OfficerProfile
Joshua SmileyChief OfficerProfile
Frazor IIIChief SecProfile
Christine ChiouSenior RelationsProfile
Harald MDAutoimmune NeuroscienceProfile