Zotefoams PLC Correlations

Stocks . UK . 
Stock . Zotefoams PLC
ZTF Stock   320.00  2.00  0.63%   
The current 90-days correlation between Zotefoams PLC and Atalaya Mining is -0.01 (i.e., Good diversification). The correlation of Zotefoams PLC 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.

Zotefoams PLC Correlation With Market

Good diversification

The correlation between Zotefoams PLC and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Zotefoams PLC and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Zotefoams PLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Zotefoams PLC 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 Zotefoams PLC - 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 Zotefoams PLC to buy it.

Moving together with Zotefoams Stock

  0.71ANTO Antofagasta PLCPairCorr
  0.85ATYM Atalaya MiningPairCorr
  0.66MTL Metals Exploration PlcPairCorr
  0.92HTWS Helios Towers PlcPairCorr
  0.8INDV Indivior PLC Earnings Call This WeekPairCorr
  0.90QP1 Chocoladefabriken Lindt Earnings Call This WeekPairCorr
  0.81SPI Spire HealthcarePairCorr
  0.630JQQ Archer Daniels MidlandPairCorr
  0.920M69 OTP Bank NyrtPairCorr
  0.91WIX Wickes Group PLCPairCorr
  0.86FGP FirstGroup PLCPairCorr
  0.85ASL Aberforth Smaller Earnings Call This WeekPairCorr
  0.80MKO Melia HotelsPairCorr
  0.83RST Restore plcPairCorr
  0.660JBD Innovative IndustrialPairCorr
  0.78PAG Paragon Banking GroupPairCorr
  0.70RKH BW OffshorePairCorr
  0.76IEM Impax EnvironmentalPairCorr
  0.920G67 Sparebanken VestPairCorr
  0.80H3Q Deutsche Post AGPairCorr
  0.92SLP Sylvania PlatinumPairCorr
  0.780I8F Dentsply SironaPairCorr
  0.78BGEU Baillie Gifford EuropeanPairCorr

Moving against Zotefoams Stock

  0.65FXPO Ferrexpo PLCPairCorr
  0.63GSC GS Chain PLCPairCorr
  0.54REVB Revolution BeautyPairCorr

Related Correlations Analysis

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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   
THX
+ 0.84
ATYM
MTL
+ 0.78
ATYM
ATYM
+ 0.76
ANTO
THX
+ 0.73
MTL
CAML
+ 0.62
0QPS
MTL
+ 0.58
ANTO
  
High negative correlations   
THX
- 0.81
FXPO
AMRQ
- 0.65
MTL
FXPO
- 0.59
MTL
FXPO
- 0.56
ATYM
AMRQ
- 0.44
ATYM
MTL
- 0.39
0QPS

Risk-Adjusted Indicators

There is a big difference between Zotefoams Stock performing well and Zotefoams PLC 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 Zotefoams PLC'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Zotefoams PLC 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.

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Zotefoams PLC Corporate Management

Elected by the shareholders, the Zotefoams PLC's board of directors comprises two types of representatives: Zotefoams PLC inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Zotefoams. The board's role is to monitor Zotefoams PLC's management team and ensure that shareholders' interests are well served. Zotefoams PLC'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, Zotefoams PLC's outside directors are responsible for providing unbiased perspectives on the board's policies.
Dan LumpkinManaging AmericaProfile
Benito SalaUK EuropeProfile
Hugh MorganManaging FootwearProfile
Simon JonesManaging EMEAProfile
BSC BScExecutive OfficerProfile
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