Zinus Correlations

013890 Stock

23,450 950.00 4.22%

The current 90-days correlation between Zinus Inc and Cuckoo Electronics Co is -0.01 (i.e., Good diversification). The correlation of Zinus 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.

Zinus Correlation With Market

Modest diversification

The correlation between Zinus Inc and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Zinus Inc and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Zinus could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Zinus 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 Zinus - 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 Zinus Inc to buy it.

Moving against Zinus Stock

0.69	302430	Innometry	Pair Corr
0.58	053080	Wonbang Tech	Pair Corr
0.57	033240	Jahwa Electron	Pair Corr
0.55	293780	AptaBio Therapeutics	Pair Corr
0.31	215480	Daewoo SBI SPAC	Pair Corr

Related Correlations Analysis

	013890	192400	082270	179290	227100	014940	003490	003920	011390	039830
013890		0.17	-0.52	0.41	-0.16	0.21	0.69	0.33	0.56	0.41	013890
192400	0.17		-0.14	0.49	-0.06	-0.3	0.0	-0.3	0.16	-0.03	192400
082270	-0.52	-0.14		0.18	0.48	-0.19	-0.35	-0.39	-0.3	-0.03	082270
179290	0.41	0.49	0.18		0.37	-0.39	0.11	-0.09	0.19	0.17	179290
227100	-0.16	-0.06	0.48	0.37		-0.56	-0.24	0.07	-0.57	-0.25	227100
014940	0.21	-0.3	-0.19	-0.39	-0.56		0.59	0.03	0.6	0.66	014940
003490	0.69	0.0	-0.35	0.11	-0.24	0.59		0.1	0.55	0.74	003490
003920	0.33	-0.3	-0.39	-0.09	0.07	0.03	0.1		-0.04	-0.15	003920
011390	0.56	0.16	-0.3	0.19	-0.57	0.6	0.55	-0.04		0.73	011390
039830	0.41	-0.03	-0.03	0.17	-0.25	0.66	0.74	-0.15	0.73		039830
	013890	192400	082270	179290	227100	014940	003490	003920	011390	039830

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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

039830	+ 0.74	003490
039830	+ 0.73	011390
003490	+ 0.69	013890
039830	+ 0.66	014940
011390	+ 0.6	014940
003490	+ 0.59	014940

High negative correlations

011390	- 0.57	227100
014940	- 0.56	227100
082270	- 0.52	013890
014940	- 0.39	179290
003920	- 0.39	082270
003490	- 0.35	082270

Risk-Adjusted Indicators

There is a big difference between Zinus Stock performing well and Zinus 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 Zinus' 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
013890	3.27	0.43	0.11	0.32	3.49	(3.63)	7.04	(5.62)	21.64
192400	1.28	0.07	0.03	(1.17)	1.38	(1.49)	3.07	(2.37)	7.73
082270	5.41	0.77	0.10	0.57	6.95	(5.88)	14.74	(8.06)	59.94
179290	2.01	0.27	0.11	(1.14)	2.03	(2.34)	4.13	(3.21)	11.56
227100	7.23	0.50	0.08	0.28	6.30	(10.46)	29.93	(11.32)	47.32
014940	2.88	0.48	0.17	0.24	2.53	(3.67)	7.92	(5.03)	23.17
003490	1.27	0.09	0.04	(1.25)	1.55	(1.49)	2.75	(3.29)	8.66
003920	26.89	12.22	0.56	0.97	10.98	(25.29)	4.42	(5.13)	990.15
011390	3.57	0.80	0.20	1.60	3.28	(4.56)	10.02	(5.41)	43.62
039830	1.16	0.22	0.11	1.85	1.37	(1.35)	2.59	(2.44)	13.61

Be your own money manager

Our tools can tell you how much better you can do entering a position in Zinus 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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