Zoomcar Holdings Correlations

ZCARW Stock

0.01 0.01 35.15%

The current 90-days correlation between Zoomcar Holdings and Ryder System is -0.12 (i.e., Good diversification). The correlation of Zoomcar Holdings 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Zoomcar Holdings Correlation With Market

Good diversification

The correlation between Zoomcar Holdings and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Zoomcar Holdings 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 Zoomcar Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For more information on how to buy Zoomcar Stock please use our How to Invest in Zoomcar Holdings guide.

Moving against Zoomcar Stock

0.45	VSTS	Vestis	Pair Corr
0.67	TRTN-PC	Triton International	Pair Corr
0.59	FTAIO	Fortress Transportation	Pair Corr
0.43	TRTN-PE	Triton International	Pair Corr
0.41	TRTN-PD	Triton International	Pair Corr
0.34	TRTN-PA	Triton International	Pair Corr
0.56	DY	Dycom Industries	Pair Corr
0.52	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.51	FA	First Advantage Corp	Pair Corr
0.48	GP	GreenPower Motor	Pair Corr

Related Correlations Analysis

	R	AL	VSTS	WLFC	AER	CAR	FPAY	GSL	FTAI	HRI
R		0.91	0.16	0.81	0.74	0.92	0.66	-0.38	0.91	0.81	R
AL	0.91		0.22	0.65	0.72	0.9	0.67	-0.5	0.81	0.75	AL
VSTS	0.16	0.22		0.01	0.38	0.11	0.1	-0.09	0.08	-0.15	VSTS
WLFC	0.81	0.65	0.01		0.67	0.72	0.7	-0.31	0.88	0.92	WLFC
AER	0.74	0.72	0.38	0.67		0.64	0.51	-0.22	0.68	0.61	AER
CAR	0.92	0.9	0.11	0.72	0.64		0.69	-0.32	0.87	0.79	CAR
FPAY	0.66	0.67	0.1	0.7	0.51	0.69		-0.59	0.82	0.72	FPAY
GSL	-0.38	-0.5	-0.09	-0.31	-0.22	-0.32	-0.59		-0.42	-0.46	GSL
FTAI	0.91	0.81	0.08	0.88	0.68	0.87	0.82	-0.42		0.85	FTAI
HRI	0.81	0.75	-0.15	0.92	0.61	0.79	0.72	-0.46	0.85		HRI
	R	AL	VSTS	WLFC	AER	CAR	FPAY	GSL	FTAI	HRI

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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

CAR	+ 0.92	R
HRI	+ 0.92	WLFC
AL	+ 0.91	R
FTAI	+ 0.91	R
CAR	+ 0.9	AL
FTAI	+ 0.88	WLFC

High negative correlations

GSL	- 0.59	FPAY
GSL	- 0.5	AL
HRI	- 0.46	GSL
FTAI	- 0.42	GSL
GSL	- 0.38	R
GSL	- 0.32	CAR

Risk-Adjusted Indicators

There is a big difference between Zoomcar Stock performing well and Zoomcar Holdings 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 Zoomcar Holdings' 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
R	1.43	0.06	0.09	0.17	1.46	(1.55)	3.32	(2.64)	7.72
AL	1.27	(0.01)	0.05	0.12	1.38	(1.47)	3.00	(2.41)	6.71
VSTS	1.79	0.05	0.09	0.15	1.59	(2.24)	3.54	(2.93)	18.27
WLFC	2.86	0.75	0.28	0.35	3.08	(3.48)	7.00	(4.97)	33.51
AER	1.03	(0.08)	(0.03)	0.07	1.16	(1.22)	2.59	(1.50)	7.68
CAR	2.78	0.15	0.12	0.18	2.80	(3.19)	6.48	(4.47)	16.84
FPAY	3.40	1.10	0.19	(1.82)	3.39	(4.12)	8.74	(6.76)	18.88
GSL	1.24	(0.26)	0.00	(0.47)	0.00	0.00	2.46	(2.87)	8.24
FTAI	2.08	0.27	0.14	0.25	2.50	(2.27)	5.02	(3.86)	12.55
HRI	2.05	0.54	0.40	0.39	1.08	(2.57)	5.52	(2.08)	20.05

Zoomcar Holdings Corporate Management

Sachin Gupta	Financial Officer	Profile
Sumeet Salhotra	Senior India	Profile
Arpan Srivastava	Head Product	Profile
Geiv Dubash	Chief Officer	Profile
Ashu Singhal	Chief Officer	Profile

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