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.
Moving together with Zai Stock
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0.78 | NVS | Novartis AG ADR | PairCorr |
0.75 | PFE | Pfizer Inc Aggressive Push | PairCorr |
0.66 | GILD | Gilead Sciences | PairCorr |
0.74 | GRFS | Grifols SA ADR | PairCorr |
0.62 | TLKMF | Telkom Indonesia Tbk | PairCorr |
0.69 | TLK | Telkom Indonesia Tbk | PairCorr |
0.8 | EC | Ecopetrol SA ADR | PairCorr |
0.64 | HL | Hecla Mining | PairCorr |
0.65 | STRT | Strattec Security | PairCorr |
Moving against Zai Stock
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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
DAL | 2.56 | 0.36 | 0.07 | (0.74) | 3.36 | 5.79 | 34.50 | |||
ASO | 2.65 | (0.01) | 0.02 | 0.07 | 3.93 | 5.73 | 23.42 | |||
NWARF | 3.47 | 0.40 | 0.08 | 0.67 | 4.14 | 8.13 | 24.46 | |||
SNCY | 3.31 | (0.01) | 0.02 | 0.07 | 4.27 | 7.16 | 32.42 | |||
AL | 1.71 | 0.34 | 0.08 | (3.45) | 2.72 | 3.49 | 17.06 | |||
HOFT | 3.74 | 0.17 | 0.04 | 0.25 | 4.56 | 11.74 | 25.45 | |||
TFII | 1.93 | 0.16 | 0.07 | 0.24 | 2.09 | 4.76 | 17.34 | |||
VRRM | 1.49 | 0.06 | 0.03 | 0.14 | 1.60 | 4.29 | 12.45 |
Zai Lab Corporate Management
Peter Huang | Chief Officer | Profile | |
Dr MBA | Chief Officer | Profile | |
Joshua Smiley | Chief Officer | Profile | |
Frazor III | Chief Sec | Profile | |
Christine Chiou | Senior Relations | Profile | |
Harald MD | Autoimmune Neuroscience | Profile |